Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-05-08
Business Briefs

Cash Position of investment COM
panies improved moderately in the
first 1945 quarter, the National As
ISOLATION of Investment Companies
reported. Cash and Government
bond holdings of 80 largest COM
panies increased from $89, 900 900 to
s97,000,000.
A Stock Exchange Membership
sold late yesterday for $4,000, up
$4,000 from the previous transaction
and the highest price since last De-
cember T.
Pennsylvania Railroad awarded
S52,981 900 of go general mortgage
bonds to Equitable Life Assurance
Society on a bid of 100. Equitable
bid for its own account.
New York Power d Light Corp
awarded 100000 preferred shares tt
Hartman Ripley & Co. or bid oil
1923 for $3.50 coupon. Reofferine
is expected at 104
Kansas, Oklahoma G. Gulf Rail-
way awarded $4,400,000 of 35896 first
mortgage bonds to Halsey, Stuart &
Co. and associates on bid of 99.059
Reoffering is planned at 1929.
SimOnds Saw e. Steel Co. declared
dividend of so cents a common
share, payable June Is. Previous
payment was 40 cents.
American Viscose Corp. net for
the quarter was $1,319,316 or So
cents VS.. $1,549,2o0 or u cents in
the same 1914 period.
Amerada Petroleum Corp. profit
for the March quarter was $751;
1862 or $2.0l VS.. 81, asa ,426 or $184 in
the same period last year.
Beneficial Industrial Loan Corp.
earned $1,031 ,494 or AZ cents in the
quarter VS.. $1,031 sol or At cents
year ago.
Packard Motor Car Co. profit for
the quarter was $655 ,420 or cents
VS.. ST OBS ,989 or 7 cents in the same
period last year. -.
Coca-Cola International Corp.
earned $985,827 or $4.84 in the quar-
ter VS.. $989,816 or $4.83 a year ago.
Fruehauf Trailer Co. net for the
quarter was $503,184 or $105 VS..
$512,046 or $1.08 in the same 1914
period.
Tubize Rayon Corp. earned $34O.-
40l or So cents in the quarter VS..
VS., 1886 or 81 cents year ago.
Life Savers Corp. net for the
quarter was $330,510 or "a cents VS..
1901 ,912 or Sc cents in the same
1914 period.
United Drill G. Tool Corp. earned
s146,163 or % cents a class B share
In the quarter VS.. $211,451 or SO
cents a class B share a year ago.
Continental Diamond Fibre Co.
net for the quarter was S106 1893 or
"a cents VS.. S83,878 or 10 cents in
che same 1914 period.
Pennsylvania Central Airlines
earned ST., 128 or Is cents in the
quarter VS.. deficit of $52,516 a
year ago.
Dawson Chemical Co. net for 8
months ended March 26 was $780,
100, before taxes, VS.. $1,752,6l9 in
the same period year earlier.
Beatrice Creamery Co. earned
$1,816,379 or $2.96 in IL months
ended February 20 VS.. 81, 744, 497 or
1924 in the previous year.
Parker Pen Co. net for u months
ended February % was 81 ,294 1892
or 1882 VS.. 81. LOS, 139 or $50 in the
preceding fiscal period.
Sears Roebuck g. Co. sales for
April totaled $75,642, 317, a gain of
80 over a year ago; for 3 months
ended April 80, s238, 545 ,436, an in
crease of 114To.
Eureka Vacuum Cleaner Co. and
Williams Oil-O-Matic Heating Corp.
stockholders will vote May % on a
proposed merger of Williams into
Eureka on the basis of half a share
of Eureka for each share of Will
liams.
Consolidated Vultee Aircraft Corr.
elected Irving B. Babcock board
chairman to succeed Tom M. Grid
Ter, who resigned recently. Mr..
. Babcock Is president of Aviation
Corp. which holds . large intere&
m Consolidated.