Evening star., 1945-07-17
Business Briefs

Current Assets, inventories and
cash items on balance sheets Of SGT
manufacturing companies doubled
between 1889 and the end of 1943,
the SEC reported in its 5-year sur
vey of 1881 listed corporations.
Meat Production of federally in
spected plants approXimated 259,-
100000 pounds last week VS.. 232, ,000,-
900 in the preceding holiday week,
but we'll below 315 100000 in the
like 1914 week, the War Meat Board
estimated.
New Orders received by manufac-
turers in May were 1870 below the
preceding month, the Commerce
Department disclosed. Shipments
we're valued at $13,6oo, 100000, a
month, but 3f6 above a year ago.
Increasing Candy Shortages are
in prospect at Baltimore, the city's
manufacturers declared. The OPA
cut in sugar allotments was blamed.
Special Offerings of 57,051 shares
of Koppers Co. common stock at
1914 was made yesterday by Mellon
Securities Corp. with a concession
10 dealers of SO cents share.
Commercial Credit Co. stockhold-
ers approved a capital increase of
about S13,000,000 and a $4,000, 900
issue of preferred to replace present
shares in the same category.
Continental Baking Co. earned
Il 1865, ,665 or 81 cents share in 26
weeks ended June 80 VS., $l,414 1895
1r 33 cents a wear ago
Superior Oil Co. of California
-1roflt for nine months ended May
/ was $6,712,788 or $15.S7, including
homecoming gain of 1851 ,161 on
ale of property, VS.. $2,661 ,512 or
3.29 year earlier.
Rheem Mfg. Co. net for six months
nded June 80 was $l,114,062 or $1.45
S. $607, ,344 or 81 cents on fewer
-lares in the same 1914 period.
MacAndrews g. Forbes Co. earned
3l5,426 or "a cents in months
lded June 80 VS.. $325 ,632 or 88
:nts year ago.
Cleaner Harvester Corp. net for
months ended June 80 was $443,-
Ill or $148 VS.. $326,133 or $l09 in
The same 1914 period
Ex-cell-o Corp. earned $1,012,59
or 1884 in 6 months ended May 81
VS.. S965,155 or $2.42 a year ago.
Tri-continental Corp. assets on
June 80 totaled $36, ,573, 1913 or $257.8 .89
a share on preferred and $9.18 on
common VS.. assets of $206.62 pre-
ferred share and $500 a common
share year ago.
Monsanto Chemical Corp. was not
guilty of antitrust violations, but
pleaded mo contest" and received
a $4,000 fine because it would have
cost more than 100000 to drag the
case through long trial, declared
William w. Schneider, secretary and
attorney Of the firm.
Minnesota Power g. Light Co. re-
organization under the Holding
Company Act was authorized by a
Federal Court order at st. Paul.
The plan was made effective as of
last July l.
Emerson Radio g. Photograph
Corp. announced its postwar radios
will have times the power Of those
made before the war. A pocket
receiver, table compact, a port
able and phonoradio were among
models at an advance showing in
Chicago.
Columbia Gas e. Electric Corp.
plan for integration provides for di-
vestment of the Cincinnati and Day.
ton companies from Columbia and
would leave the remaining holding
company with a structure consisting
of debenture debt and single class
of common.
Borg Warner Corn. has a growing
stake in jet propulsion through fuel
pumps built by its Pesco Products
division, said President c. S. Davis.
Whether planes are powered with jet
engines or gas turbines, they will re-
quire fuel pumps, he declared.