Evening star., 1945-09-24
Business Briefs

Federal Deposit Insurance Off
Gals indicated the year end may
bring a reduction in insurance pre-
naiums for around $4,000 covered
banks, and possibly an extension OF
coverage. The FDIC announced
that on October 10 it will call for a
report on deposits. first since 1941
Banks have urged lower premiums
and greater coverage. .-.
Wholesale Volume in the last week
was about unchanged from the pre-
ceding week and slightly above a
year ago, reported Dun & Brad
street, Inc A discriminatory atti-
tude prevailed. Deliveries remained
uncertain and slow.
Freight Cars on Order for class
railroads September totaled SPAS
VS.. 36,157 a year ago, the Assocla
ton of American Railroads an
nounced. Locomotives. on order to-
tailed 512 VS.. 554.
American Telephone e. Telegraph
Co. awarded Sl60,000,0 900 of 20 de-
bentures, due 1875, to Morgan. Stan
ley & Co. and associates on bid o
998l99. Reoffering was made a
100l4 and subscription books wer
closed a short time later.
Reading Co. merger of II railroads
in States was approved by th'
ICC. Reading owns all stock of
lines and more than two-thirds o
the stock in the others.
Standard Oil Co. of California will
spend S36,00O,000 for postwar ex
nm nm fnr c
new feet of tankers, President H. D
Collier announced.
American Locomotive Co. stock
holders will vote October % on {
plan to reduce present 7eo preferred
stock from s32, 400, 900 to $4,000, ,00t
through sale to the public of 100000
common shares. Preferred DIVIDEND
requirements would be cut S872 ,20r
year.
Kansas City Southern Railroad
stockholders approved creation of a
new first mortgage and issuance OF
s40000,000 bonds to retire present
indebtedness. The new issue is ex-
pected to be offered in October.
Celotex Corp. earned $685., ,499 OF
49 cents a share in 9 months
6lOSu July ol so. 1HoHsooo, Va Ss
cents a year ago.
Erie Railroad net for 8 months
ended August 81 was $5.037 1874 OF
$3.50 VS.. $4,334,0l9 or $1.2l in the
same 1914 period.
Arnold Constable Corp. earned
s185,5l2 or SIS cents in 6 months
ended July 81 VS.. s217, ,l49 or 64 cent
year ago.
Colorado Fuel g. Iron Corp. prof
for IL months ended June 30 wa
sl954,979 or $347 VS.. Sl,672,061 O
s297 in the preceding fiscal period
Lehn g. Fink Products Corp
earned s615,7 ,728 or S1.55 in II month
ended June 80 VS.. $697 ,845 or SIT
in the previous year.
Dawson Chemical Corp. profit fo
u months ended June 80 was 81,
All, 800 or S2.86 VS.. ST, $3.50, ,724 or $2.6
in the preceding fiscal period.
ManaG Sugar Co. earned SSH, ,54
or S1.19 in 10 months ended Jun
80 VS.. s984,057 or 1928 in the pre-
vious year.
Ferro Enamel Corp. plans exten
sive expansion of foreign operation
anu QeftlOplIlCllt Ol lOlCASA SuUcAQA
aries, declared President Robert A
Weaver.
Western Air Lines, Inc, will in
augurate an air freight servic
shortly after November / betweel
Los Angeles and San Francisco.
General Motors Corp. announce,
the 1916 Cadillac will embody s
improvements, by far the mos
changes ever offered in new mod
Ell. A production goal of 10000
cars year has been set.
Wetzel Co. is negotiating for pur
chase of Eyer -Fyter Co. of Daytor
Completion of details Is expected b
October l.
FairchiId Engine g. Airplan
Corp. has developed a lightweight
all aluminium, refrigerated semi
trailer weighing 7,l18 pounds wit
the same capacity as the 14,700
pound outfit now used as standar,
Army equipment.