Evening star., 1945-10-16
Business Briefs

NtW Lie 1HSuTdHCS buSluCSS Ol 90
companies in September totaled
S66l, ,374, 900, gain of $40 from a
year ago, the Life Insurance Associa-
ton announced. For 9 months of
1945 the total was S7,100,8 ,801 900, a
rise of 3.3%.
Railway Net Incomes for the first
8 months of l945 and 1914: Santa
Fe, s34, ,875.325 VS.. $29,053,908; C. B.
& O., S18,431,151 VS.. S13.332 ,881; At
lantic Coast Line, S6,947, 120 VS.. So
664,810; Reading, s5,812,520 VS.. S.
o25,263.
New Securities Marketed Today
included: S25,982,000 New York
Connecting Railroad Co. 27s%e bonds
at par; $4,000 shares of Dresser In
dustries 3A 90 preferred stock at 103
and accrued dividend.
Dayton Power & Light Co. invited
bids up to October "a on $28,850,00
of first mortgage bonds for refund
ing purposes. The issue was ap-
proved by the SEC.
Northern States Power Co. plan to
issue and sell S75,000,000 of first
mortgage bonds for refunding pur-
poses was approved by the SEC.
Pennsylvania Power & Light Co,
received a high bid Of 1899 for
S27000,000 of go debentures from
Smith. Barney & Co. and associates
Reoffering was planned at l0lh.
Sylvania Electric Products, Inc,
stockholders authorized issuance of
100000 shares of new 81 cumulative
preferred stock to finance retire
ment of 3K4qo sinking fund deben-
lures, due 1857.
Southern California Water Co.
asked SEC permission to refund
SO and go preferred shares by sale
of 100000 shares of new preferred.
The first $4,000 shares would be sold
to institutional buyers at 26l2.
Detroit Edison Co. earned $6,143,-
GIT in IL months ended August 81
VS.. s8,347,577 in the previous year.
North American Rayon Corp
profit for 36 weeks ended Septem-
ber s was 81 $50, ,222 or $2.32 a share
VS.. S1,15O,966 or S2.12 in the same
1914 period.
A. E. Staley Mfg. Co. earned ST.
785,625 or $3.50 in 9 months ended
September 80 VS.. $l,534, ,469 or 1921
a year ago.
Pacific Mills profit for months
ended September % was Sl,256, ,00C
or $3.17 VS.. 81 ,317, 100 or 1888 in the
same 1914 period.
RIooxn;~~doIa n~ofho~s IT,.
earned $1,082,733 or $3.10 in IL
months ended August 4 VS.. S756, ,479
or S2.0l a year ago.
Sutherland Paper Co. net for
months ended September 80 was
S368,709 or S128 VS.. $508.756 or SLIT
in the same 1914 period.
Hercules Powder Co. announced a
10000, 900 3-year construction pro-
gram to maintain employment at
10000 VS.. $3.50 in 1899.
Bankers Life Co. of Iowa an
nounced life insurance in force had
reached the billion mark, providing
protection for more than 10000
policyholders.,
General Electric Co. purchase of
oeoSh Va IllCtUl NdCu-
um Cleaner Co. of Cleveland was
approved by holders of 90go of the
stock of the latter firm.
Chicago Mail Order Co. sold $3.-
100000 of go sinking fund deben-
lures, due 1860, to Equitable Life
Assurance Society. Proceeds will be
added to working capital.
westinghouse Electric Corn. an
nounced its lamp division had de-
veloped a walnut-size, one-watt.
f1uorescent light bulb for home use,
1t viii burn month at cost of 2k
cents.
Baltimore & Ohio Railroad car
loadings. for the week ended Octo-
Der l3 t1aled 55,116 VS.. 59,053 in the
previous week and 75,543 a year ago.
Eastman Kodak Co. elected Perley
S. Wilcox board chairman to sue
,ceed the late Frank w. Lovejoy.