Evening star., 1946-10-06
Business Briefs
Railway Net Income Of ella

Railway Net Income Of class I
carriers in August appropriated
$51, 900 900, after interest and rentals,
VS.. $51,151,7 ,731 year ago-Associa-
ton of American Railroads. Net
income for eight months of 1948
Appropriated SIS, ,400, 900 VS.. $443,-
2,588 a year ago.
Profits Of National Banks in the
first half of 1946 totaled $3.50, ,593 900,
or around 1158o on capital funds,
and $31 1850 above the same
period last year-Controller OF the
Currency.
Listed Stock Values on the New
York Stock Exchange totaled $685.
1853 sos ,035, or $500 share on
September 80 VS.. $74,350, ,238, $50, or
S42. 10 on August 80.
Municipal Bond Prices appear to
be leveling of after six months
decline-Daily Bond Buyer. The
municipal market reached an all
time peak last April.
Expansion in Factory Sales in the
second 1946 quarter was led by auto
mobile manufacturers and makers
of electrical supplies and equip
ment-the SEC. Sales of 955 firms
totaled $12,835, ,093 900, jump OF
1907 from the preceding quarter.
Automobile Production in the
United States totaled 81 ,599 units
last week VS.. a revised count OF 80, ,270
for the previous week-Automotive
News. The steel shortage is ex-
pected to trim output of other
makers than Chrysler before the
months end. Chrysler announced
cutback effective this week.
Cigarette Output in the year ended
June 80 totaled 331 000, ,000,000 VS.. a
wartime average of $4,000, ,000,000
and may reach new all-time peak
in the present fiscal year-Agricul-
ture Department.
ended September %, exclusive OF
newsprint, was at l06.6% OF Ca
pacity VS.. 105.8To in preceding week
and 9819o year ago-American
Paper g. Pulp Association.
Sharpe & Dohme declared divi-
dend of Is cents a common share,
payable November l. Similar pay
ments were made in March and
August, but it is the first time in
several years that a third dividend
has been declared in year.
Abraham & Straus, Inc, declared
dividend Of s1.12k a common
share, payable October Is. The firm
paid S71z cents in previous quarters
plus an extra of 81 last July Is.
Railway e. Light Securities Co.
| declared a regular quarterly dividend
/ of Is cents, an extra of 40 cents
and a distribution of s1.50 from
gains realized on sales of securities,
all payable October %.
i Montgomery Ward g. Co. sales
for September totaled $94,005, ,156,
jump of 704qo from year ago;
for eight months ended September
] 80, s632, ,786, 1854, an increase of $3.50.
i Interstate Department Stores, Inc,
sales in September totaled 81, 2,376,
a rise of 1850 from a year ago; in
, eight months ended September 80,
$32 ,229, TOT, a gain of 17.5T.
! Engineers Public Service Co. and
subsidiaries earned $7,754,074 or S2.95
share in IL months ended August
81 VS.. 1883, ,453 or $274 in the previ-
, GUS year.
Virginia Electric e. Power Co. net
for II months ended August 81 was
, Sc, ,38S,s75 VS.. $6,363 ,S46 in the pre-
ceding fiscal period.
, r. II. Macy & Co. earned So, 1886 900
or SIS .02 in SO weeks ended August 8
VS.. s5,225 900 or $2.73 in the previous
iyear.
, Aireon Manufacturing Co. reported
a deficit of 81 ,974 ,953 for II months
ended April 80 VS.. profit of s750, ,553
or s103 in the preceding fiscal
, period.
Commonwealth & Southern Corp.
received SEC permission to spend
not more than S5,000,000 to pur-
chase its outstanding Sc cumulative
preferred stock at Silt a share.
Gulf Oil Corp. has acquired assets
of Goodrich Oil Co. and Goodrich
Transportation Co., New England
distributor.
Socony-Vacuum Oil Co. opened
!. its new marine bulk terminal at
Norfolk, Va, upon arrival Of q
tanker with 100000 gallons Of
. gasoline and oil.
! Schick, Inc, elected George A.
; Graham executive vice president and
: director. He has been with Gillette
! Safety Razor Co. for II years.