Evening star., 1946-01-24
Business Briefs

Gasoline Stocks rose to 100, ,778, ,00C
barrels on January 29 VS.. SO ,267 00(
week earlier and 89,670,00 a yeal
ago, the American Petroleum Insti-
tute announced.
Freight Loadings declined to 749,.
ATS cars in the week ended January
l9, drop of go from the previous
week and $50 below the like 194s
week, the Association of American
Railroads disclosed.
Newspaper Adverti7ing in 1945 in
creased 2.7go over 1914, despite the
neWsprint shortage, according to ar
estimate by McCann- Erickson, Inc
in the magazine Printers Ink
Lineage in 1914 was 2.1Po below l943
Columbia Pictures Corp. offerine
Of $4,000 shares of $4.25 preferred
stock was marketed at 1903. Pro
ceeds will be used to retire present
preferred and increase working
funds.
Kaiser-Frazer Corp. offering OF
100 ,000' more common shares was
quickly oversubscribed. President
Frazer announced $500 orders fol
new cars totaling more than $780,
000lwere received at the New York
show.
Commonwealth Edison Co. called
for redemption on March 9 its re-
naming s15,900,000 of 3hqo con.
vertible debentures, due 1853, al
l017s and interest.
A. E. Staley Mfg. Co. stockholders
will vote February 6 on proposed au-
thoTization of 10000 shares of new
preferred stock. The firm plans tc
offer 46,977 new $3.75 shares in ex-
change for outstanding $5 preferred
Pan-American Petroleum Corp
declared a dividend of 40 cents a
common share, payable April 5. Pre-
vious payment was Is cents last
April, first since 1941.
Missouri Pacific Railroad reor-
ganization plan drafted by the ICC
was formally approved by Federal
Court at st. Louis. Directors voted
to appeal the order.
Nash-Kelvinator Corp. prices for
new! Nash automobiles will range
from $35 less to SIT more than prices
for 1912 models, the OPA announced
For the last 1945 quarter, the firm
reported a $685. loss VS.. profit of
S519, ,l66 a year ago.
Loew's, Inc, profit for II months
ended August 81 was s12,9l3,369 OF
S2.55 VS.. $14,5l7.256 or $2.87 in the
preceding fiscal period.
Best Foods, Inc, earned S1,28459s
or 86 cents In months ended De-
cember 81 VS., S1205.6l3 or 30 cents
a year ago.
Freeport Sulphur Co. net for 194s
was 50 ,349, 100 or $4.19 VS.. 1858, ,70s
or $500 in 1914.
Missouri Kansas Texas Railroad
earned SO, ,782, 900 in 1945 VS.. SO, ,469, ,OOC
in the previous years.
Co. profit for months ended De.
cember 81 was $444, ,349 or II cents
VS.. $348, 1877 or SIS cents in the same
1914 period.
Savage Arms Corp. earned $780,.
718 Or So cents in 1945 VS.. $457 1886 OF
68 cents in the previous year.
Til Continental Corp. assets or
December 81 totaled $50 ,253 1928 OF
S13.07 share VS.. $39, ,l73, $50 or $7.27
at the end of 1914.
Chicago, indianapolis & Louisville
Railroad was authorized by Federal
Court at Chicago to pay $500, ,00O
cash for new equipment, including
three streamlined trains.
Erie Railroad ordered new giant
diesel passenger locomotives from
Electric-Motive Co. and expects
them to cut time on the Jersey City,
Chicago run about 2 hours. =
American Brake Shoe Co. pur-
chased Toilette Steel, Ltd, large
Canadian producer OF manganese
and alloy steel castings.
Union Pacific Railroad elected w
H. Guild executive assistant of the
railroad as vice president. He will
Moye his Offices from Los Angeles to
ON ha.