Evening star., 1945-01-30
Business Briefs

Guaranty of Farm Prices by the
Government mag aR4avate the
farm problem after the war, the
Guaranty Trust Co. warned in its
monthly survey. Unless the Gov
ernment also adopts sweeping meas
ures of control. it is likely to be
confronted with a set of un-
manageable surpluses, the bank
added.
United Light e. Power Co. liquida-
tion of assets to preferred and COM
mon stockholders on a basis of
94.52fo and $780,, respectively, was
upheld 5 to by the Supreme Court
Otis g. Co.. preferred holder. had
protested the plan was unfair to the
preferred.
A. p. w. Products Co. registered
with the SEC 100000 of 20-yea1
SO first-mortgage and sinking funo
bonds and 10000 shares of IS PAL
value common stock Holders o1
$4,000 900 SO bonds would be giver
choice of redemption at 1927 plus
interest, or an extension to 1865 anC
4 cut in interest to Sc. The offel
,ould expire February 26.
Revere Copper & Brass, Inc, calico
Or redemption on March outstand-
ug 22,040 shares of cumulative pre-.
erred stock at ITO plus accrued div
lends. The required S2,438, 900 will
e supplied from cash on hand.
Acme Aluminium Alloys, Inc, reg
tered with the SEC 10000 share;
$1.10 cumulative convertible pre-
erred stock and 10000 common
hares to provide funds for expan-
ion and working capital
Jones e. Laughlin Steel Corp. and
ubsidiaries reported consolidated
let profit of S7,519,668 for 1914 VS.
9,512,2 ,228 for l943. Net for the last
uarter was s2,041 ,634 VS.. s2,45l ,647
year earlier.
Consolidated Gas Electric Light
Power Co. of Baltimore earned
1882, ,370 or $4.33 a share in 1914 VS.
5.346, ,687 or S434 in 1943.
Real Silk Hosiery Mills net for
944 was $429, ,546 VS.. sS450, ,285 in the
'levious year.
julius Kayser g. Co. earned $457,-
81 or $1.23 in months ended De-
ember 81 VS.. $483, ,472 or $1.30 in the
anne 1943 period
Dome Mines, Ltd, net for 1914 was
2.821 ,067 or $1.45 VS.. $3,045, ,622 or
l.56 in the previous year.
Black g. Decker Mfg. Co. earned
"a, 1877 or go cents in 3 months
lded December 81 VS.. S261 ,095 or 81
,ntS in the same 1943 period.
Baltimore e. Ohio Railroad re-
orted net operating income of SAL
1881 for 1914 VS.. S52, ,167 ,469 ir
le previous year.
Chicago & North We tern Rail
ny net for 1914 was 23,o86, ,7O1 VS.
.0,791 TAT in 1913.
Central Railroad of New JERSEY
It for 1914 was $217 1892 VS.. $712,85!
l943.
Central Telephone Co., Sioux Falls
). OAK, registered with the SEC 35,.
20 shares of series A, $3.50 cumu.
,tive preferred stock owned by its
aren't, Central Electric & Gas Co
Lamson e. Sessions Co. declared g
Gpecial dividend of 10 cents and q
quarterly dividend OF 20 cents com
mon share, both payable March Is
Pennsylvania Central Airlines re-
ported 433.584 passengers were car
ried in 1914. jump of ITO over
1943.
Schick, Inc. and its subsidiary
Schick Service, Inc, were prohibited
by a WPB order from making OF
assembling new or rebuilt dry
shavers until further notice. Exc
cution Of the order was stayed pend
ing decision on an appeal.
Kelly-Springfield Tire Co. aban-
doned plans for a new building anc
installation of equipment at Cum.
berland, Md, to take part in the
Federal truck expansion program
The project will be located at Hous-
ton, Tex, to save time in construc-
tion.
American Machine e. Foundr,
Co. elected Roland P. Soule vice
president In charge of research anc
development.