Evening star., 1945-04-08
Business Briefs
Listed Stock Values declined

Listed Stock Values declined to an
average of $2815 at the end of
March vs. $39 "a month earlier, the
New York Stock Exchange reported.
Value of all shares totaled $57 ,383.-
487 ,9O5 VS.. $50 $50, ,085,ll0 a month
earlier.
Steel Industry Employment in
February averaged 566 300 workers,
highest point since last August, and
compared with 564 900 in January
and 583 900 a year earlier the Amer
lean Iron & Steel Institute an
nounced Payrolls totaled $l38 4l4,-
800 VS.. $l5O,266 500 in the previous
month and $l37,6l5 200 in the same
1914 month.
Slab Zinc Stocks on March 81
totaled l74,672 VS.. 1877 ,427 a month
earlier and 2l2,807 a year ago. the
American Zinc Institute disclosed
Virginian Railway Co. will receive
bids on S6O,000000 of series B 80
bonds April "a. Proceeds will be
used with other funds to redeem
$50 O44 900 of series A 334 % bonds at
LOG. Profit for 1914 was $5024 ,536, or
S2.67 share VS.. $5,357 1875, or 81 "a in
the previous year
Tide Water Associated Oil Co. reg
istered with the SEC 100000 shares
of new preferred to be offered in ex-
change to holders of 100000 shares
of $3.50 preferred The remaining
100000 shares will be redeemed.
Defender Photo Supply Co.. Inc.
directors approved merger with E.
du Pont de Nemours g. Co. and
will submit the offer to stockholders
Terms were not announced.
MissOuri-Kansas- Texas Railroad
stockholders recessed Saturday until
tomorrow morning to permit COM
pletion of checking Of proxy votes
A group of Florida holders is seek
| ing a change in management.
Ohio Oil Co. earned Sl5,082. .l27 OF
So 80 a share in 1914 VS.. sl4 LAG, ,802
or s2l4 in l943
Grumman Aircraft Engineering
Corp. profit for 1914 was s4 ,944 ,877
or S9.73 VS.. S3,3432 200 or S6,58 in the
previous year.
West Penn Power Co. earned So
O2l .488 or Sl60 in 1914 VS.. S6072 ,635
or Sl6l in l943
Great Northern Railway Co. net
for 1914 was S23 1896 966 or s803 VS.
SIG $50 548 or S784 on fewer shares
in the previous year.
Kansas City Southern Railway
profit for 1914 was s4.418,162 OF
STOP VS.. S2.948,533 or 1894 in the
preceding year Bonded debt has
| been cut about $4,000 900 in four
years.
North American Rayon Corp
earned sl.627 Sol or SO in 1914 VS.
81 $50 .2O4 or SO in l943
Horn & Hardart Co. net for la44
was S1313.402 or S2.l0 VS.. ST ,465 49,
or s237 in the previous year.
Federal Water & Gas Corp. earned
81 OTIS ,304 or Sl.10 in 1914 vs.. S9l5,'
! 053 or 94 cents in 1943.
! Milwaukee Elecn-ic Railway &
/ Transport Co. asked SEC permls-
sion to purchase for retirement 10
600 shares of Sl00 par value from
it's parent. Wisconsin Electric Pow
er Co., and redeem on May 1t
S40O,00O of A. bonds.
| Carolina Power & Light Co. was
exempted by the SEC from compet-
itive bidding in issuance of 1885,
l58 shares of new S. preferred
stock to be exchanged for Sc pre-
ferred. Unexchanged shares will
be called at ITO.
Mobile Gas Service Corp. plan tc
split 5000 common shares into
100000 shares was approved by thf
| p
Co. owns the shares and will sci
! them as soon as they are reclaSSi-
/ fed.
Gulf Mobile & Ohio Railroad
asked ICC permission to issue
$376,740 of equipment trust notes te
finance the purchase of five Diese.
locomotives from American Loco
motive Co.