Evening star., 1945-04-23
Business Briefs


rent week were scheduled at 93.s
per cent of capacity, indicating pro.
duction of l,707, 100 tons, the Amer.
lean Iron and Steel Institute re.
ported. Figures last week were 81 {
per cent and 1888 800 tons; a month
ago, 96.6 per cent and 1,769 400: g
year ago, 100 per cent and 1,791 800
Expansion in Canada, including
the establishment of branch fac
tories, is being planned on an in
creasing scale by American indus
trialists. reported Ottawa officials
Because of war and tax uncertain
ties, actual moves decided upon have
been small, but a considerable move
merlt northward is expected when
conditions permit.
Demand Deposits of individuals
exceeded $2l ,000, 900 900 on January
81, a record increase of $4,000 900. ;.
600 or 16% from six months earlier
the Federal Reserve Board disclosed
Deposits Of domestic business firms
increased $4,000, 100000 or about 80
in the same period.
Wilcox-Gay Corp. offering of 1884,
300 common shares was marketed by
Kobbe, Gearhart g. Co. and Carr.
Chaplin & Co. at 81 a share.
Special Offering of 10000 shares of
Shell Union Oil Corp common stock
at 27ss by Spencer Trask & Co. was
oversubscribed quickly.
Hinde & Dauch Paper Co. regis
tered with the SEC 5000 shares of
81 cumulative preferred stock to be
offered on share-for- share basis
plus dividend adjustments to holders
of its s5 preferred.
Thompson Products, Inc, regis
tered with the SEC $4,000 shares of
40 preferred stock, of which $4,000
shares will be offered holders of
present SO preferred. The other
$4,000 and unsubscribed shares will
be offered to the public.
Hussman Ligonier Co. registered
with the SEC 10000 shares of 1925
cumulative preferred stock to be Of
Tered common holders at the rate of
one for each five held.
Union Carbide e. Carbon Corn
earned $9,510,113 or $1.02 share in
the March quarter VS.. $9,O09,071 or
81 cents year ago.
Hercules Powder Co. net for the
March quarter was $l,467,611 or
$l.01 VS.. l,137,958 or 76 cents in the
same 1914 period.
Barnsdall Oil Co. earned $1,O21.-
233 or As cents in the March quar-
ter vs.. $946,714 or 43 cents a year
ago.
American Brake Shoe Co. net for
the March quarter was $693,855 OF
II cents VS.. $3.50, $50 or go cents in
the same 1914 period.
Texas g. Pacific Railway earned
$9,510,113 or $102 in the March
quarter VS.. $9,009,071 or 81 cents q
year ago.
Ell Paso Natural Gas Co. net for
II months ended January 81 was
$2,272,706 or $3.50 VS.. $2,206 ,582 or
$3.49 in the previous year.
Master Electric Co. earned $122.-
sl3 or 40 cents in the March quar-
ter VS.. $181, ,428 or u cents in the
same 1914 period.
Food Machinery Corp. common
holders have subscribed to l04.941
of 107,010 new common shares Of
fered at 52h on the basis of one
for each four held. The remaining
2,069 shares have been placed by
underwriters headed by Kidder
Peabody g. Co.
/ York (Pa.) Railways Co. plan fof
reorganization will be considered
by the SEC May is.
United Fuel Co. purchase of five
other Columbia Gas & Electric Co
subsidiaries will be considered at an
SEC hearing May I.
United States Vanadium Corn,
elected ]. A. Holiday vice president
IN charge Of the new metal chemi-
Gals division.
Century Ribbon Mills elected Nor
ris s. Bercow secretary and direc-
taG.