Evening star., 1946-03-20
Business Briefs

Commercial, Industrial and Farm
Loans Of member banks in 101 lead
ing cities totaled $7,486, ,0OO, 900 on
March Is, a gain Of $4,000, 900 from
week earlier and 1900 600, ,OOo
above year ago.-Federal Reserve
Board.
Electric Power Consumption rose
to 3,9S7 ,877 900 kilowatt hours in the
week ended March 16 VS.. 3,952, $780,
600 In the previous week, but re-
mained 9.3% below 4,397 500 900 q
year ago.-Edison Electric Institute
Exports and Imports in 1s45 ex-
ceeded levels of prewar 1939-Com-
merce Department. Exports Of &c.
GOO, ,0OO, 600 were more than 30O%
higher, while imports OF $4,100, ,0oo,-
900 were up 800.
Railroad Operating Revenues II
February were 1857 below a yea,
ago-ASsociation Of American Rail-
roads. Freight revenues were down
22.l% and passenger receipts Oh
8.9%.
Tennessee Gas & Transmission Co
registered with the SEC $35, ,OO0, ,0OO
OF the first mortgage pipe line bonds,
due 1866, 100000 shares Of 500 par
value 4.1% cumulative preferred
stock and 1914 common shares for
refunding and general corporate
purposes.
Alliance Ware Inc, registered with
the SEC $4,000 shares Of $3.50 con-
vertible preferred stock and $4,000
common shares. The former will
finance retirement of present pre-
ferred and the latter will be offered
for certain stockholders.
Western Union Telegraph Co
asked the FEC to authorize a 10%
increase in regular and press mes
sages and other rate adjustments
The firm declared financial crisis
has resulted from wage awards.
Curtiss- Wright Corp. deferred d.
vidend action on its 81 noncumula-
tive class A stock because of 'un-
settled general conditions"
American Airlines directors are
expected to consider the question
Of splitting the common stock at
a meeting today.
Hunt Foods, Inc, offering of 175,-
900 shares of SO cumulatives series
A preference stock at 10 and 125, 600
common shares at IS was marketed
by Blyth & Co. and associates.
Chesapeake g. Ohio Railway
earned $6,359,310 or SO cents a share
in 2 months ended February "a
VS.. .$4,l81 ,063 or SIS cents a year ago.
New York, Chicago & st. Louis
Railroad net for 2 months ended
February 70 was $546,993 VS.. 81, 1,323,-
089 In the same 1045 period,
Phillips Petroleum Co, earned
$22,571 500 or $459 in 1S45 VS.. $40
o52.088 or 1926 In the previous year.
Western Electric Co. net for 1915
was SIS, 5,126, ,l60 or $2.52 VS.. 1885,, ,70l
or $2.31 IN 1874. The flrm is turning
out civilian telephones at the highest
rate In It's history.
Sterling. Drug, Inc, profit for 1olS
was $s,756,419 or $3.50 vs.. $s,12l 81
or $2.27 In 1914.
American Water Works 4 Electric
Corp. earned $6.52l ass or $2.27 Ia
l945 VS.. $5,521 ,o36 or $l.s4.
Libbcy -Owcns-Ford Glass Co. net
for sl945 was $3,165,948 or xi.24 ys.
$7,350,0 ,01s or sass in 1914.
City Ice & Fuel Co. earned 32,774.-
678 or $2.4l in l945 VS.. $2,o41 $40 or
$2.06.
Newmcnt Mining Corp. net for
1946 WAS $l,639, ,7oe or $i.54 VS.. ST.
594,397 or $3.50 in 1914.
American Bosch Corp. earned ST.
588.035 or $2.29 in 1945 VS.. 81, ,403, lis
or t2.02.
National Sugar Refining Co. profit
Tor l945 was 81 1,399, ,458 or $2.l5 VS.,
$l,S13,3 ,345 or $2.41 In 1914.
Mengel Co. net for 1945 was $o2S.-
666 or $l.66 vs.. 9882 900 or $l.72.
Newport Industries, Inc, earned
e617. .e53 or $1.0l in lS45 VS.. SSH, s,943
Or S3 cents.