Evening star., 1946-04-22
Business Briefs

Associa ion of American Railroads
reported Class / railroads had 40,-
217 new freight cars and 494 new To-
cornotiees on order April l against
36,272 freight cars and 564 locomo-
tEes ordered year ago. During the
first three months of l946 the rail-
roads put 8,006 new freight cars and
81 new locomotives in service.
Aluminium Co. of America has ex-
tended until April 26 the period dur
ing which the company will ex-
change seven shares of its common
stock for five shares of preferred.
Union Carbide and Carbon Corp
reported net for the first quarter o1
1916 of $10,468,70 equal to Sill;
a share, compared with $9,510,l13, OF
$103 a share, for last year.
Arkansas Natural Gas Corp. re.
ported 1945 net of 1896 ,304, or Al
cents share, compared with $685..
OTIS, or 20 cents, for 1945.
Ohio Public Service Co. 1945 in.
come was SO ,29O,805, or $29 20 a share
against $3,158,093, or $2754 com.
mon share in 1914.
Peoples Gas Light g. Coke Co. an.
nounced first-quarter net Of $685..
500, equal to $4.55, compared with
$l,229,99 and s1S7 for l945.
Niagara Hudson Power Corp. re.
ported quarerly net of $4,856, ,726
equal to 43 cents, compared with
$1.964,042. or 10 cents, last year.
Soft coal strike will cause loss o,
about 100000 tons of steel thi.
month and if it continues into May
reduction in output will be much
more drastic.-Steel Magazine.
Atlas Imperial Diesel Engine Co
approved tWo-for-one split in com.
mon stock and authorized 100000
shares of new $40 par preferred
Union Bank of Commerce o.
Cleveland stockholders will vote MaA
% on changing $4,000 of 500 pal
capital stock to $4,000 shares at $40
Abbott Laboratories net sales fol
first quarter were up % per cent
over 1945.
Pacific Western Oil and George F
Getty Inc. merger has been ap.
proved.
Mountain States Power Co. re
ported for IL months ended Febru
ary % net income of $760,211, equa
to s2.52, against $639 ,380,sor $3.03 il
1945.
American Chicle Co. reporte,
quarterly net of S746,1 100, equal t.
s1.72, compared with $694,425, O.
SLIGO last year.
Hercules Powder Co., including
English and Canadian subsidiaries
reported quarter profit of $1,751 ,25;
or 81 cents share, compared will
$1,467,61 or 81 cents a share in tn
same 1945 period.
Oklahoma Natural Gas Co. re
ported IL months net income of 50,
1888 ,959, equal to $3.50 a common
share, against $2,455, 1857, or $3.50
share in the previous fiscal year
Allen g. Co. offered new issue o
$11,5oo,o00 Graham-Paige Motor
Corp. 4 per cent convertible de
bentures due April l, 1856, at 10
per cent and accrued interest.
Associated Dry Goods Corp. an,
subsidiaries, including Lord & Tay
lor, reported 1916 net of $4.339,
O58, equal to $498, compared will
$3,l1o,491, or 1923 in 1945. Ne
sales for the year amounted to $113,
87o.602, against $100,557,4 in l94s
Parke g. Tilford announced elec
ton of John S. Schultz, Arm
finance major, as vice president an
director.
Gulf Oil 1945 net was $45,213,64
compared with S42.075.5l3 in lQ4l
or equal to s498 a share agains
$4.64
National Gypsum Co. today re
ported quarterly net income O
$673 $50, equal to AZ cents a share
compared with $2s1, ,492, or Is cent
a share. in 1945.
The Ford Motor Co. appointe,
Albert j. Browning director of pur
chases today.