Evening star., 1945-04-24
Business Briefs

Airline Financing Needs by 1850
are expected to reach $500, 900 900
and foreign operations may require
another $25o,00o, 900, a study by
three banks and life insurance
company indicated.
Britain Has Spent $109, soc, 900 900
during the war, paying roughly 5oTs
year by year, Sir John Anderson
Chancellor Of the Exchequer, tole
Commons.
Community Investment Companies
to provide working capital for small
business ventures was proposed to
the House Postwar Policy Commit
tee by John F. Fennelly, chairman
of the Investment Bankers Associa-
tlon'S small business section.
Texas Power & Light Co. regis
tered with the SEC $3l SOC, 900 OF
first-mortgage bonds for refunding
purposes.
Viryinian Railway Co. received a
high bid OF 105.669 for $50 000, 900
refunding series B ga bonds from
Mellon Securities Corp. and Halsey
Stuart & Co. The bonds were re-
offered at 106.71.
Pennsylvania Railroad asked ICC
permission to issue $57,130,000 of
series G general mortgage bonds to
help finance redemption of $57, $780,
600 Of series G bonds by August /
at 104 plus interest.
Lehtgh Coal q Navigation Co. sold
SOC. 900 shares of National Power &
Light Co. common at 9h in q Sec
ondary distribution through Union
Securities Corp. and associates.
Texas Co. earned $l2,215, 100 or
sl.09 share in the March quarter
VS.. $l1,s78,754 or $1.06 a year ago.
American Smelling e. Refining Co.
profit for the March quarter was
s3,195. 900 or $1.06 VS.. $2,983, 900 or
96 cents in the same 1914 period.
McKesson & Robbins, Inc, earned
s1,106, 800 or 81 cents in the quarter
VS.. 81 1907 1853 or SO cents a year ago.
Crown Cork & Seal Co. net for
the quarter was $495,741 or II cents
VS.. $512, ,724 or rs cents in the same
1914 period.
Bon Ami Co. earned $247 $40 in
the quarter VS.. $214,625 a year ago
Houdaille-Hershey Corp. net for
the March quarter was $379, sol or
IS cents on class B stock VS.. $424, ,852
or 10 cents in the same 1914 period.
National Gypsum Co. earned $2s1,-
492 or Is cents in the quarter VS.
$233,918 or IL cents year ago.
RustlesS Iron d Steel Corp. net
for the March quarter was $448, ,914
or 46 cents VS.. $544,0 or 56 cents in
the same 1914 period.
Pittsburgh Coal Co. earned $624,-
lat or $l.78 on q preferred share in
the March quarter VS.. $628,255 or
$l.80 preferred share a year ago.
Long Bell Lumber Co. of Missouri
reported profit Of $534, ,23l or ~ cents
in the March quarter VS.. $442 ,646 or
20 cents in the same 1914 period.
Beech-Nut Packing Co. earned
$544, ,780 or $125 in the quarter VS..
$639, ,062 or $146 a year ago.
General Baking Corp. profit for
13 weeks ended March 81 was $427,-
256 or Is cents VS.. $404,39 or is
cents in the same 1914 period.
Bliss & Laughlin, Inc, earned
$133,002 or 40 cents in the quarter
VS.. $l48,427 or SIS cents a year ago.
Dow Chemical Co. earned $685.
900 or $4.6l in months ended Feb
ruary 28 vs.. $5,766, ,083 or $4.33 year
earlier.
Consolidated Edison Co. net for
IL months ended March 81 was $685.
877,911 or 81 VS.. $28, ,145,044 or 81 so
In the previous year.
Johns-Manville Corp. plans to en-
ploy a third more workers than
Immediately before the war between
We day and 1948.
Consolidated Vultee Aircraft Corn.
announced the resignation of Tom
Girdler as director and board
chairman.