Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-01-22
Business Briefs

COttOn spinning operations IN
December were at 101.5To of capac-
ity VS.. 104.61o in the previous month
and 1882 a year ago, the Census
Bureau disclosed.
Consumption of Iron Ore from the
Lake Superior district totaled u.s.
575,878 gross tons In 1945 VS.. 81 ,247,-
600 in 1914, the Lake Superior Iron
Ore Association reported.
Virginia Dare Stores Corp. regis
tered with the SEC 10000 shares OF
81 par value common stock to be Of
fered publicly at IS to finance re-
demption of $61, 1852 of preferred
stock of subsidiary companies and
for expansion.
Norfolk a. Western Railway de-
clared a quarterly dividend of $3.50
a common share and an extra of So
both payable March 8. Extras were
discontinued in 1912. Common stock
earned $3.50 a share in 1945 VS.
s15.15 in 1914.
Butler Brothers declared a divi-
dend Of 40 cents a common share
and a ytar-end dividend Of Is cents
both payable March l. Previous
payments were Is cents a quarter
Columbia Pictures Corp. stockhold.
ers approved issuance of 75,00t
shares Of $4.25 cumulative preferred
stock with, nondetachable warrant.
to purchase q common share fol
each preferred share. Proceeds will
be used to redeem $2.75 preferred.
Louisville & Nashville Railroad
earned $17,978,842 or $7.68 share il
II months ended November 80 VS.
$16,039,841 or $685. year ago.
Reading Co. net for II month.
ended November 80 was S7,487 ,974 OF
1881 VS.. 1881 POT or 1888 in thu
same 1914 period.
Fidelity e. Deposit Co. of Mary
land earned $l,288, 436 or $10.74 il
1945 VS.. $1,555, 1888 or $12.96 in 1914.
National Linen Service Corp. prof.
for months ended November 80 wa,
$178, 149 or 20 cents VS.. $187, 1924 or 8.
cents in the same 1914 period.
Gar Wood Industries, Inc, earree
$54s,963 or IS cents in IL month,
ended October 81 VS.. 81 ,004. ats or S,
In the previous year.
Emerson Radio d Phonograph Co
profit for II months ended October
81 was $500, 697 or s2.01 VS.. $728, 81:
or s182 in the preceding fiscal pc.
Rod.
Chemical Fund net assets on De.
cember 81 totaled $l4,760,804 OF
1913 q share VS.. $40 ,590, BOT or $9.9T
ut the end of 1914.
Pressed Steel Car Co. received ar
order for $500 boxcars from thu
French Supply Council.
Kaiser-Frazer Corp. extended its
showing Of new models at New York
through Thursday because Of heavy
attendance.
Hinderliter Tool Co. control wal
purchased by Thomas M. Evans
president Of H. K. Porter Co. The
Tulsa firm is one of the largest
makers Of oil field equipment.
Baltimore g. Ohio Railroad carried
Il, $50, 900 passengers in 1915. Pass.
enger revenues totaled $48, 900 600
highest on record except for 1914
when they exceeded o,00o, 900.
Consolidated vultee Aircraft Corp
called for redemption on March
It's .$1.25 convertible preferred stock
at $3.50 share plus the accrued
dividend of 31A cents.
Mutual Benefit Life Insurance Co
of Newark elected w. Paul Stillman
to the new post of board chairman
John S. Thompson was elected presi-
dent.
Pennsylvania Central Airlines ap.
pointed Col. Richard E. Fell East.
ern regional vice president. q new
post.
international Harvester Co. elect.
ed 1t. Gen. Levin H. Campbell vice
president. He will retire February
Is as Army chief Of ordnance.