Evening star., 1945-03-27
Business Briefs

lnduStrlal ACTIVITY continued 10
expand in February and early
March, the Federal Reserve Board
reported. It's index rose in Febru-
ary to 1850 of the 1859 average,
from 234To in January and 1920 in
the final 1914 quarter.
Virginia Electric & Power Co.
amended it's SEC application to in
crease from $4,000, 900 to $4,000 900
its proposed refunding bond issue to
be sold at competitive bidding.
Bell & Howell Co. registered with
the SEC 10000 shares of A % cum
ulated preferred stock and 10000
common shares of $40 par value
Reading Co. will receive bids up
to noon April II for S84 1000, 900 OF
first and refunding mortgage bonds
Securities Offered Today included
$30000,000 of go first and refund
ing mortgage bonds of Pacific Gas
e. Electric Co. at 1878; S24, 900 ,00C
of Wheeling Steel Corp. 3l4fo bonds
1850 shares of Mengel Co. So
cumulative preferred stock at SIS Y.
Net Railway Earnings for
months of 1945 and year ago:
New York Central, 81 ,236 Sal VS.. $5,-
696 ,309; Norfolk & Western, So $751;
BAL VS.. $3,347 1893; Burlington, $5,-
1,662 VS.. $3,704, ,539; st. Paul, ST.
666.868 VS.. $1,811,157; Illinois Cen
trail, $2,964, 1888 VS.. $3,048,874 West
ern Maryland, S696,216 VS.. S1.061 ,285.
J. c. Penney Co. earned S17,159,-
357 or $625 share in 1914 VS.. ST.
690,772 or s6.52 in 1943.
Douglas Aircraft Co. net for II
months ended November 30 was ST.
695, ,227 or S12.81 before renegotia-
ton VS.. s5,952,257 or 1892 in the
previous year.
Duquesne Light Co. profit for 1914
was S1n,042,710 or S402 VS.. S10.717,-
283 or S4.34 in the preceding year.
West Penn Electric Co. earned
S5,454,e35 or s1.23 in 1914 VS.. SIS ,067,-
sos or o3 cents in 1943.
Gillette Safety Razor Co. net for
1914 was S3,888,715 Or $l.24 VS.. So
488,162 in the previous year.
National Sugar Refining Co.
earned S1,373,34 or S2.41 in 1914 vs.
s1,064,368 or s1.87 in 1943.
Pan American Petroleum e. Trans
portation Co. net for 1914 was So
585, TAB or $140 VS.. $4.3O8,254 or 81
cents in the previous year.
COLUMBIA Broadcasting System
Inc, earned S467S,361 or S272 in
1914 VS.. s4,535, ,941 or 1884 in 1943.
Texas Pacific Coal g. Oil Co. net
for 1914 was S2,256.110 or 1884 VS.
s1,3os,SHo or SLAB in the previous
year.
Monarch Machine Tool Co. earned
s708,216 or S337 in 1914 VS.. S804 64e
or $685. ip 1S43.
Vanaditim Corp. of America profit
for 1914 was $459.713 or S1.13 VS.
s616,605 or S1.52 in the preceding
year
Intertype Corp. earned S445 ,537 OF
s2.01 in 1914 VS.. s318,o94 or SLAB ir
1943.
General Precision Equipment Corp
net for 1914 was $1,138,147 or s1.9l
VS.. S1,255 ,907 or S214 in the previous
year.
Trans-Lux Corp. earned $199, 10;
or 20 cents in 1914 VS.. $14O,516 or q
cents in 1943.
Magma Copper Co, net for 1874
was S131 1896 or 80 cents VS.. s722 ,86:
Vi S1rli LII tIiC plCFlOuo yCoI'
Loose -Wiles Biscuit Co. stock.
holders we're told earnings in tht
first 1945 quarter probably woulc
equal or better the S490,765 or 9t
cents a share of year ago, despite
slightly lower sales.
Goodyear Tire e. Rubber Co. pro.
duction In 1914 rose more than $780,.
100000 in value above the. previou,
year and in tonnage was up 38To.
Foster Wheeler Corp. has booked
three times as much business in the
current quarter as year ago, stock.
holders were told.
Pennsylvania Railroad place.
orders for so steam locomotives, hal
of them from the Baldwin Locomo
tive Works and the others from it!
own shops.