Evening star., 1946-04-02
Business Briefs

Department Store Sales in New
York City during March were the
highest in history for that month
and 23fo above a year ago-NeW
York Reserve Bank
Great Northern Railway awarded
S25,000,000 of 2l4 q general mort
gage series R bonds, due 1861, to
Morgan Stanley & Co. and associ-
ates on a bid of 99279. Reoffering
will be at par.
Wyandotte Worsted Co. stock
holders will vote May 6 on a pro-
posed 1907 stock dividend and an
increase in authorized common from
100000 to 100000 shares. The divi-
Qend would increase outstanding
shares to 100000 leaving 100000 in
reserve.
Sunshine Biscuits Co., formerly
Loose Wiies Biscuit Co. declared an
initial dividend of 81 on new COM
mon, payable May |. This was
equal to 81 on old stock before the
2-for-1 split
American Rolling Mill Co. will call
around 225 900 shares or half of it's
Az % cumulative convertible pre-
ferred stock for redemption.
Consolidated Gas, Electric Light
& Power Co. Of Baltimore registered
with the SEC S44660000 of series
r first refunding mortgage sinking
fund bonds. due 1881. to finance re-
demption of 3l4co bonds, series N
and o. at 10512 and 107.
Barium Steel Corp. filed regis
tration statements for $4,000 and
256l50 common shares. the former
to be offered publicly and the latter
to be exchanged for shares of sub
salaries, Republic Industries, Geo.
metric Stamping and Kermath Mfg.
Columbus & Southern Ohio Elec-
tric Co. registered with the SEC
744. 900 common shares TO be sold by
Continental Gas & Electric Co., par
ent firm.
Michigan Gas & Electric Co. asked
SEC permission to sell S3,50000O of
first mortgage bonds, series A.
National Skyway Freight Corp.
registered with the SEC 500,0 900
common shares to be offered public
ly at to increase working capital.
Raybestos- Manhattan, Inc, sales
for 1916 are expected to total be-
tween $40.000.000 and $45 100000 vs.
S51 100000 in 1945 and S25 100000
in 1910 President Simpson forecast
lower earnings would cover quarterly
dividends.
American Can Co. stockholders
were told by President Figgis that
steel strikes have left little if any
reserves of raw materials or fin
ished products.
Distillers Corp. .-Seagrams, Ltd,
earned 1894, AL or 1874 a share in
6 months ended January 81 VS.. So
386,675 or S5.l6 a year earlier.
Tide Water Associated Oil Co.
profit for 1945 was $l8,1O7,712 or
S2.57 VS.. $17,787 POP or $24 in 1914
United Gas Corp. earned $780,
344 or "a cents in 1945 VS.. S9,273 ,583
or 81 cents in the previous year
West Penn Electric Co. net for
1945 was S7,719,469 or S295 VS.. Sc,
406, 141 or $195 in 1914
Northern States Power Co. earned
$6181 ,876 or ST 20 in 1945 VS.. $780,
867 or $1.25 in the previous year.
Anderson, Clayton & Co. profit for
6 months ended January 81 was So
SOS GOT or S404 VS.. S3 .422 1878 or So %
year earlier.
Eastern Gas & Fuel Associates
earned S4,245 ,661 in u months ended
January 81 VS. $3154216 in the pre-
Vious year
Seaboard Oil Co. of Delaware net
for 1945 was S2,720.022 or 1920 VS..
Sl,88l .283 or S152 in 1914.
General Steel Castings Corp.
earned S1,531,212 in l945 vs.. s1,O64.-
sos in the previous year.
Champion Paper & Fibre Co. net
for 40 weeks ended February was
81 479,82l or S1.86 VS.. 81 ,502,118 or
SLIT year earlier.
Virginian Railway profit for 2
months ended February % was ST.
O08, ,4O2 or So cents VS.. $799.079 or Al
cents in the same 1e45 period.