Evening star., 1946-02-25
Business Briefs

"HoicSdie business IN the last
week remained close to high levels
of the previous week and was mod
erately above a year ago, reported
Dun & Bradstreet, Inc
A Sharp Rise in Exports this year
was predicted by the Commerce
Department. but it warned that
large scale" foreign loans will be
necessary, despite very large" gold
and dollar holdings by foreign
countries.
Hackensack Water Co. registered
with the SEC S15000,000 of first
mortgage bonds, due 1876, to be sold
at competitive biddings for refund
ing purposes.
Dallas tTeXas) Title & Guaranty
Co. registered with the SEC 25,00C
common shares to be offered at $40
a share to present holders at the
rate of a new share for each share
held.
Twentieth Century-FoX Film
Corp. declared quarterly dividend
of IS cents a common share, pay
able March %. In 1945 the firm
paid so cents quarterly plus a year.
end extra of SO cents.
Pittsburgh Consolidation Coal Co.
declared an initial dividend of 25
cents a common share, payable
March r. The firm was recently
created by merger of Consolidation
Coal Co. and Pittsburgh Coal Co.
Ferro Enamel Corp stockholders
will vote at the annual meeting in
April on a plan to acquire common
stock of Tuttle & Kift, Inc, Chi
cago, makers Of electric heating
units, switches and gas range valves.
Ferro would issue $4,000 shares in
exchange for Tuttle & Kift stock.
Sullivan Machinery Co. stock
holders approved merger of their
company and Ladel Conveyor &
Mfg. Co. with Joy Mfg. Co. under
the name of the latter.
Briggs G. Stratton Corp. stock
holders will vote March 19 on a
proposed 2-for-l split in common
stock.
]. /. Case Co. earned $3,1l7,694 in
IL months ended october 81 VS.. So
052,553 in the preceding fiscal period.
Houston Oil Co. profit for 1945 was
$2,450, ,448 or sta share VS.. $780,
908 or S1.64 in 1914.
Cluett, Peabody Co. earned ST.
155,210 or S282 share in 1945 VS..
S1,94l ,253 or S2.51 in the previous
year.
Clark Equipment Co. profit for
i945 was $1,478,812 or $5.85 VS..
s2092,132 or $8.42 in 1914.
Tubize Rayon Corp. earned ST.
316,468 or $140 in 1945 VS.. 81 ,056, ,429
or SLIP in the previous year.
Sunshine Mining Co. net for 1945
was $804,050 or 81 cents VS.. S915 ,499
or 81 cents in 1914.
Consolidated Biscuit Co. earned
S375,f70 or $1.16 in 1945 VS.. 1881 ,12O
or $103 in the previous year.
Barium Steel Corp. announced
its acquisition of Republic Indus
tries, inc, as further step in its
expansion program in related and
diversified lines.
United Air. Lines ordered from
Glenn l.. Martin Co. what was de-
scribed as the worlds first passen-
ger transport plane powered with
gas turbine engines combined with
Jet propulsion.
Republic Aviation Corp. an
nounced its new Rainbow transport
plane is designed to fly 400 miles
an hour, faster than any other
transport craft, and to make long
nonstop flights at low cost.
Elastic Stop Nut Corn. called for
redemption on April Is all of its
outstanding 15-year So sinking
fund debentures, due 1859, at 103
and interest.
Philco Corp. announced the de-
velopment of 35-pound suitcase"
type of television camera.
Fred Harvey Co. elected Byron S.
Harvey, jr., president to succeed his
father, who becomes chairman.