Evening star., 1946-02-26
Business Briefs

Proven Reserves of Crude Oil in
the United States increased by 373.-
$4,000 barrels in 1945 to a total of
2O,826,S13,000, the American Petro-
!eum Institute announced. Reserves
increased 389,079,0 in 1914.
Union Pacific Railroad asked ICC
permission to issue S81 ,6O2, 900 of re-
1undlng mortgage bonds, series C, to
hnance redemption of a like amount
OF series B bonds at 1O7 and interest
Illinois Power Co. is planning to
refund S63,000,000 of first and COL
lateral 40 bonds of 1878 and invest
ment banking groups are being
formed to bid on new securities.
Burlington Mills Corp. sold
$4,000 shares of 312% preferred
stock to certain institutions at
100 and accrued dividends, and
added proceeds of S4,29O 900 to gen.
eral funds.
National MallinsOn Fabrics Corp
offred l23.460 shares for the ac-
count of stockholders at SIG a
snare. The sale leaves the Gerli
family about 37go of the stock. The
firms plant is at Buena Vista, Va
Drug Products Co. registered with
the SEC 175,000 common shares to
be offered publicly at Az.
American Telephone G. Telepraph
Co. and subsidiaries earned S177.-
057u040 OF 1898 share in l945 VS.
$l69, ,856, ,561 or $3.50 in the previous
year. Excluding subsidiaries. net
was $171 ,640,2 or 1886 VS.. s163.-
1854 or 1884.
United States Steel Corp. will
break even when operating at about
1870 of capacity on the basis of new
wage costs and the price increase o1
S. a ton, it was estimated in Wall
Street. AS soon as the industrial
picture clears, a rate of 8Oqo was
forecast.
Beneficial Industrial Loan Corp
profit for l945 was S4,589 ,307 or SILL
VS.. S4,225 ,692 or $l93 in 1914.
Consumers Power Co. profit fol
IL months ended January 81 was
s7,739,520 or $255 VS.. $7O7S,525 OF
$201 in the preceding fiscal period
M. A. Hanna Co. earned S4,813944
or S4-26 in 1945 VS.. s4,122 ,287 OF
1881 in the previous year.
Standard Oil Co. of Kentucky ne,
for 1945 was $3.50 ,903 or $1.35 VS.
5000 1893 or $1.15 in 1914.
c. I. T. Financial Corp. earned S.
778,825 or s1.61 in 1945 VS.. $7,535 ,79s
or S2.l0 in the previous year.
Food Machinery Corp. net for l:
months ended September 80 was S4,.
497 ,521 VS.. $3,684, ,755 in the preced.
ing year. Net for months ended
December 81 was S205 1865 VS.. 81 ,232,.
336 in the same 1914 period.
H&zel-Atlas Glass Co. earned S2,,
791 ,420 or $6.42 in 1945 VS.. s2,315 81.
or $3.50 in the previous year.
Loose Wiles Biscuit Co. profit fo
1945 was $685. ,022 or $5.16 VS.. So,
957 ,595 or $5.79 in 1914
American Chicle Co. earned So,
957 ,504 or $683 in 1945 VS.. S2,815, Al;
or $3.50 in the previous year.
United Carbon Co. net for 1874!
was $2,263, 1857 or $3.50 VS.. 81 ,232 %,
or $5.61 in 1914.
Archer-DanieIs- Midland Co. earn
ed 81 l,76o,199 or $l.08 In 6 month.
ended December 81 VS.. 81 ,383, ,50S O
"a cents year earlier.
Penick & Ford, Ltd, profit fo
1945 was 81 1855 Ala or $3.67 VS.. ST.,
292, ,456 or $3.50 in 1914.
McGraw-Hill Publishing Co. ne
for 1945 was S1,313,000 or 1929 VS.
81 .283, ,488 or 1921.
Ford Motor Co. reacquired it
branch plant at Norfolk and vii
spend S1,500,000 in undermining i
for assembly of cars and trucks.
Breeze Corp. earned S743,540 o
$2.86 in l943 VS.. 81 OH ,692 or $3.50 il
the previous year.
Bliss & Laughlin profit for 1874
was $642, ,470 or $2.38 VS.. $671 ,087 O
$2.49.