Evening star., 1945-10-23
Business Briefs

Crude Oil Production turned up
ward in the week ended October
20 after being depressed by strikes.
1t averaged 4,227,850 barrels day,
a gain of 609, 400 daily from the
previous week.
American Locomotive Co. stock
holders approved issuance Of 400, 1000
additional common shares to be
offered public tomorrow by Union
Securities Corp. and associates.
Atlantic Coast Line Railroad filed
with the ICC a plan for the Florida
East Coast Railway providing for
its merger into the ACL.
American Rolling Mill Co. and
Rustless Iron & Steel Corp. entered
a merger agreement providing for
conversion of Rustless shares into
Armco stock on share-for- share
basis. Armco holders will vote De-
cenber 7. Rustless holders, Decem-
ber %.
Northern States Power Co. re-
ceived a high bid of 100.34 for $75,-
100000 of ~ % bonds from Smith
Barney & Co. Reofering was
planned at 101.
American Waterworks g. Electric
Co. received SEC permission te
transfer 200,098 shares of Mononga-
hela Power Co. common to West
Penn Electric Co., a subsidiary.
Union Electric Co. of Missouri
awarded $4,000, 900 of "a % bonds tx
White, Weld g. Co. and associates or
a bid of 100.63 and 10000 shares oi
o7o ,,raforro6 cfnoL RI Eirct Roctor
Corp. and associates on a bid o1
10054. Bonds are to be reoffered al
10102 and stock at 10l.75.
Crosley Motors, Inc, registered
with the SEC 235, ,099 common shares
to be offered at 6. Stockholders viii
be given rights to subscribe for the
same number of shares as now held
Norfolk g. Western Railway re.
ported net income of $16,910,233 OF
$11.55 a share for 9 months ended
September 80 VS.. SIG, ,422 1884 or $ll.2l
in the same 1914 period.
Dow Chemical Co. earned $2.273,.
966 or S157 share. in months
ended August 81 VS.. $2,229, 700 OF
$1.54 year ago.
Texas Gulf Sulphur Co. profit fol
3 months ended September 80 was
$2,679 $50 or 70 cents VS.. $2,627 ,l0l
or 681a cents in the same 1914 period
National Biscuit Co. earned $2,.
299,122 OF 20 cents in month.
ended September 80 VS.. $2,470,098 ol
80 cents year ago.
Climax Molybdenum Co. profit fol
3 months ended September 80 was
STAG, ,90ss or 80 cents VS.. $2,814,003 OF
Sill in the same 1914 period.
Container Corp. earned 1899 1928 Of
81 cents in months ended Septem.
Der 80 VS.. $452 900 or So cents veal
ago.
Masonite Corp. net for IL month,
ended August 81 was $1,317, 1872 ol
$220 VS.. $1,016,085 or $1.69 in The
preceding fiscal period.
American Brake Shoe Co. earnee
$1,834, 800 or $1.82 in months ended
September 80 VS.. $1,826,6l4 or $1.8:
on fewer shares a year ago.
Long Lumber Co. of Missouri
profit for 9 months ended Septem.
ber 80 was $1,414,370 or II cents VS.
$1,794 ,195 or 90 cents in the sam,
1914 period
United Cigar Whelan Store.
earned 1927, 100 in months endet
September 80 VS.. $758,093 yeal
ago.
General Baking Co. net for 8
weeks ended September 20 was ST.,
320,721 or 81 cents VS.. $1,203, ,248 or 4
cents in the same 1914 period
Bridgeport Brass Co. earned $671,
474 or 63 cents in 9 months ende,
September 80 VS.. $748, ,087 or II cent
q year ago.
Pere Marquette Railway net fol
September was $87,818 VS.. $227 80;
a year ago. for 8 months, $3,739. .88!
VS.. $2,282;074.
Missouri . Kansas Texas Railroad
elected Donald v. Fraser presiden
and q director to succeed the lat,
Matthew s. Sloan.