Evening star., 1945-11-20
Business Briefs

Cotton Consumption by domestic
mills in October totaled 759, ,806 bales
of line and IS ,464 of linterS VS.. 70l, =
600 and n ,439 in the previous month
and 1896 and 126,381 a year ago,
the Census Bureau announced
New York Clearing House Asso-
ciation representing more than 300
member banks and branches adopt
ed a resolution urging State legis-
lation to permit banks to close on
Saturdays from June l to October
/. Present laws allow such closings
in July and August.
Pittsburgh Coal Co. and Consol-
idated Coal Co. directors voted to
merge the firms into new company
which will be the worlds largest
commercial producer of soft coal.
Illinois Central Railroad stock
holders will vote January l6 on pro-
posed creation of a new open-end
mortgage and issuance of new bonds
under the mortgage to retire old
issue maturing after 1880
S. ID. Warren Co. registered with
the SEC 10000 shares of no par
value 4laqo cumulative preferred to
be offered publicly.
Pressed Steel Car Co. registered
1855 shares of $50 par value Az %
cumulative preferred, series A, con-
vertible prior to January l, 1856.
They will be offered to common
holders at the rate of one for each
II common shares held. Proceeds
will be used for expansion.
exyI,, D1. =
$46 ,245, 1853 or $3.51 a share in 9
months ended September 80 VS.. S49,-
l8S,47l or $3.73 a year ago.
Louisville g. Nashville Railroad
net for 9 months was SIS 1886, ,O72 or
s6.o5 VS.. $13,045 ,663 or s5.57 in the
same 1914 period
Northern Pacific Railway earned
Sl,,740,018 or $473 in months VS..
S7,087,53 or S2.86 a year ago.
Atlantic Coast Line Railroad net
for 9 months was S6,856,737 or 1882
VS.. s9,839, ,783 or $11.94.
Seaboard Air Line Railway earned
81 l,324.868 in 9 months VS.. $7,0l9, ,754
United Gas Corp. profit for 9
months was S9,788, ,082 or 90 cents VS..
s7,073,277 or 66 cents.
United Carbon Co. earned ST.
BIT 7,245 or $346 in months VS.. ST.
489,724 or S3.74 a year ago.
First National Stores Corp. profit
for 3 months ended September %
was $588,494 or 70 cents VS.. s548 ,957
or Ct cents.
General Aniline e. Film Corp. de-
clared dividend of So on class A
common and 80 cents on class B.
both payable December "a. This
will lift 1945 payments to Sc on A
stock VS.. So in 1914.
Massachusetts Investors Trust
declared a special distribution of so
cents share out of realized net
long-term security profits Of 1945,
in addition to the regular dividend,
both payable December "a.
Boston Fund assets on October 81
totaled $l8.818,367 or 1924 a share
VS.. s12,965,917 or $17.86 a year ear
lier.
Jantzen Knitting Mills stockhold-
ers will vote November % on a plan
to increase SO cumulative preferred
stock from $750,000 to 81 soc, 900 to
finance expansion.
Philco Corp. will have 100000 I'd
5000 home radio sets, principally
table models, ready for Christmas
distribution and is geared to pro-
duce 4.000, 600 in 1916, said President
John Ballantyne
Commercial Credit Co. has ac-
quired more than 94Te of the capital
stock of Miller Printing Machinery
Co; of Pittsburgh.
Pittsburgh Plate Glass Co. started
construction of a $1,750,000 paint
plant at Springdale, Pa.
Republic Aviation Corp. arranged
2 to pay $500, 900 for full ownership
Of Aircooled Motors Corp, producer
: Of Franklin plane engines.