Evening star., 1946-10-20
Business Briefs

The End of Imitation is Near, ac-
cording to a majority Of 70 non
Government economists participat-
ing In a survey conducted by
Thomas S. Holden, president Of 3.
w. Dodge Corp. Commodity prices
will reach an early peak, hold it
temporarily and turn downward
sometime in l947. they predicted.
Fall prices are expected to follow a
brief sluffing off in business activity.
Bituminous Coal Production for
the week ended October IL approxi-
mated 12,2O0.000 tons VS.. 6,220,000 a
year ago when a strike was in prog
ress-National Coal Association
Output for the year to date of 414,-
OIL 900 tons was 8.7% below year
ago.
Short Interest on the New York
Stock Exchange totaled 757.215
shares on october Is VS.. 627,964 on
September 13. Prior to the latest
month, the short interest had de-
creased steadily since last November
with the single exception Of May.
Crucible Steel Co. registered with
the SEC $25, ,000, 900 of 20-year first
mortgage sinking fund bonds, due
1866, to be offered publicly to finance
redemption of sl2,217,oo0 OF 15-year
3boo debentures. due 1855, at 102,
and increase working capital.
General Aniline & Film Corp. di-
rectors reported to the retiring alien
property custodian, James e. Mark
ham, that continued Government
ownership would raise serious ques-
tions about the company's future. "
Remington Rand, Incs recently
sought to purchase the firm but ne
gotiations with the Justice Depart
ment were reported as begged down.
Consolidated Textile Co. declared
an annual dividend of 60 cents q
common share, payable November
26. 1t paid 30 cents in 1945 and Is
cents in 1914.
Mead Corp. declared an extra div
idend of Is cents and regular quar-
terly of Is cents, both payable De-
cember l, raising 1916 payments to
$l.l5 VS.. TO cents in 1945.
J.P. Stevens g. Co. directors elect
ed r. T. Stevens chairman and ].
P. Stevens, jr., president, at their
first meeting since consolidation and
declared year-end dividend of rs
cents a share, payable October %,
and an initial quarterly of 37la cents,
payable January 81. The firm op-
crates % textile mills
Westinghouse Air Brake Co. de-
clared year-end dividend of rs
cents and a regular quarterly of Is
cents, both payable December IA,
raising 1916 payments to SITS VS..
s125 in 1945. Profit for the Sep
tember quarter was $2,456,005 or II
cents share VS.. $894,101 or 20
cents In the same l945 period.
Owens Illinois Glass Co. and
subsidiaries earned $11,211.4 .455 or
1888 in II months ended September
30 VS.. s8,29l,777 or s3.12 year ago.
Weston Electrical Instrument Corp.
profit for nine months ended Sep
tember 80 was $1,01l ,080 or $3.50 VS..
$253,175 or $1.57 in the same period.
Northwest Airlines, Inc, earned
$536.914 or 80 cents in the September
quarter vs. s559,s or $1.N q year
ago.
NJ. A. Hanna Co. net income for
nine months ended September 80
was s3,919,002 or 1851 VS.. $3,337, ,46a
or $297 in the same 1945 period. d.
Bayuk Cigars, Inc, earned ST.
273,019 or 81 81 in nine months end
ed September 80 VS.. $994, ,303 or $1.2e
year ago.
Reliable Stores Corp. reported q
surplus for common stock, after pre-
ferred dividends. of $1,437,568 In
nine months ended September 80
vs.. $298,16l in the same 1916 period
Buda Co. earned $977,70 or "a. Il
in II months ended July 81 VS.
$906, ,904 or $485 on fewer shares ir
the, previous year.
Howe Sound Co. profit for nine
months ended September 80 wa,
$601 ,339 or $1.30 VS.. $6S8, ,606 or 81. As
in the same 1945 period.
Jeanette Glass Co. earned S603,.
420 or $214 in nine months ended
September 80 VS.. s85.50s or 20 cents
year ago.
Adams Express Co. reported con-
solidated net assets on September
80 totaled $43.901, ,110 or $26.S4 q
share VS.. 50, ,2s3 900 or $2s SO at the
end of 1945.
Audit Bureau Of Circulation re-
elected P. L. Thompson Of Western
Electric Co. president.
Connecticut Mutual Life Insur-
ance Co. elected Henry I. B. Rice
and Vincent B. Coffin vice president;
Leslie r. Martin, vice president and
actuary; George F. B. Smith, vice
president in charge Of agencies,
e