Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-11-19
Business Briefs

The Nations Tax Bill, including
Federal, State and local taxes, was
the equivalent of nearly 81 out OF
every So of total income payments
to individuals in 1914 and 1945 and
averaged more than $1,000 per
family-Institute of Life Insurance.
Trading in Hide Futures was re-
sumed today on the New York Com
modify Exchange. Dealings were
suspended in June, 1912.
Commercial Paper and bankers
acceptances of dealers reporting to
the New York Federal Reserve Bank
totaled $201 SOC, 900 on October 81
a gain of 37qo from month earlier
and 500 above year ago.
Consumption of Lake Superior
Iron Ore by United States and Cana
dian furnaces totaled 6,625, Jas tons
in October VS.. 6,380,1 55 in the pre-
vious month and 4,491,246 a year
ago. For 10 months the total was
50,446,o 900 tons VS.. 62,865,117 a year
ago.
New Securities Marketed Today
included $30,000000 of 20-year % %
debentures of Hiram Walker, Good
erham g. Worts and Hiram Walker
& Sons at par; $3.50 shares of Ma
tional Alfalfa Dehydrating Co. SO
cumulative preferred stock at so and
sos ,220 common shares at 8.
Puerto Rico Water Resources Au-
thority appointed B. j. Van Ingen
g. Co. to form and manage syndi-
cate to market a $50, 000, 900 issue of
electric revenue bonds.
Nash-Kelvinator Corp, arranged a
10000, 900 loan from Prudential In
surance Co. for 16 years at 80 in
terest. Proceeds will be used for ex-
panSlon.
Buda Co. has sold a 15-year, 81 %
sinking fund note for 100000 to
Mutual Life Insurance Co. of New
York. Proceeds will be added to
working capital. The firm also ar
ranged for a 100000 three-year
revolving credit with two banks.
Lambert Co. declared an extra
dividend of so cents and regular
quarterly of the same amount, both
payable January Q, raising 1916
payments to $3.50 VS.. 50 in 1915.
Westinghouse Electric Corp. an
nounced production of lighting
equipment is the highest in the
firms history, even exceeding war
time levels, but has not caught up
with heavy demand The Cleveland
plant is being expanded at a cost
of $1,900,O00.
Pennsylvania Railroad reported a
deficit of $21, POI ,45O for nine months
of 1916 VS.. net income of $62,O38,-
AT in the same 1945 period.
Louisville G. Nashville Railroad
earned $7,987, 484 or $3.41 a share
in nine months ended September 30
VS.. $15,335, 072 or $685. a year ago.
Wabash Railroad profit for nine
months ended September 80 was
S2,711 ,054 or $278 VS.. $4,444,316 or
$5.67 in the same 1915 period.
Radio Keith Orpheum Corp. and
subsidiaries earned S., s63, 906 or $3.50
In nine months ended September 80
VS.. $3,941 $50 or $1.19 a year ago.
Third-quarter net was 5000, 553 VS..
VI ,0zU,U0Z.
Electric Auto-Lite 70. profit for
nine months ended September 30
was $2.249, 528 or $3.50 VS.. $4,041, 7o3
or 1888 in the same 1945 period.
johnson e. Johnson earned SIS .262,-
900 or $3.50 in nine months ended
September 80 VS.. s2,4l0,0oo or $2.44
year ago.
Americana Hawaiian Steamship Co.
net income for nine months was
$1,o3o,7S3 or $248 VS.. $9o6,1S0 or
$216.
American Stores Co. sales for Oc-
tober totaled $32,436,218, a jump of
1919 from year ago; for 10
months, $247le6,259, an increase of
30.1%.