Evening star., 1946-03-15
Business Briefs

.VUUucy Al OlICulAGA0H OCCl1llCu w
$T ,946, ,000, 900 on March 13, drop
ot $11,000,000 from a week earlier
bit remained $2,065 900 600 above a
War ago-Federal Reserve Board
"A Further Cut in U. s. Debt will
take place April / when the Treas
ury retires $4,000 900 900 of a $4,.
8l0,554,0 900 maturing issue with cash
A cash retirement Of $2,750, 900 00(
was made this month.
Philco Corp. stockholders will vote
May II on proposed increase lr
common shares from 2,000,0 900 to g.
100000 and issuance of 250,00t
shares of $100 par value preferred
and 620,057 shares of SO par value
B stock to finance expansion.
Minneapolis Honeywell Regulator
Co. stockholders will vote March q
on a plan to refund present pre-.
terred stock.
Paramount Pictures, Inc, direc.
tors authorized prepayment Of ST..
5000 in notes.
Dodge Division Of Chrysler Corp
announced its first new passenger
car since 1941 embraced go design
and engineer changes.
r. Hoe & Co. called for support
of its policies In a letter to stock.
holders which noted the third anti
management stockholders commit
tee In decade had been formed.
Colorado Fuel g. Iron Co. reg
istered with the SEC 275,000 COM
mon shares to be offered by
stockholders.
Publicker Industries, Inc, regis
tered with the SEC 400 900 common
shares to be offered by stockholders
Aro Equipment Corp. registered
10000 shares Of $50 par value AZ %
cumulative preferred stock and 20,-
900 common shares to finance re-
tirement Of preferred shares and
increase working capital.
Eastern Shore Public Service Co
plan to sell $1,500,000 of 3h%
promissory notes, due 1878, and
$4,000 common shares to its parent
Delaware Power & Light, was ap-
proved by the SEC.
Commonwealth e. Southern Corp
dividend Of SITS share on /, ,482, 900
preferred shares was approved by
the SEC.
Consolidated Gas, Electric Light
& Power Co. Of Baltimore will re-
fund 44,660, 900 Of 3A % bonds with
a new 35-year series.
Emerson Electric Mfg. Co. de-
. ferred action on common divi-
dend until a later date.
Southern Pacific Co. and affiliated
companies reported l945 consoli-
dated net income OF $35, ,772, ,744 or
$9.48 share VS.. Sal ,847, ,065 or $l1. .0e
in 1914.
United Fruit Co. earned SIS, ,9os,-
209 or $6.46 q share in 1945 VS.. $l4,-
45,181 or $5.04 In the previous year
Transamerica Corp. profit fol
ls45 was $l8.465, ,233 or $1.85 VS.. $l6,-
PAL $40 or $1.60 In 1914.
Columbia Gas q Electric Corr
earned $l5,467,702 or "a cents IL
1945 VS.. $l3, 3,709, ,725 or 50 cents ir
the previous year.
Caterpillar Tractor Co. net fol
1945 was $6,511 1895 or .$3.46 VS.. ST..
239, 9,313 or $3.50.
Western Union Telegraph Co
earned s4.434,5o5 or $3.50 on class A
stock in l945 VS., q deficit of $349 ,60e
in the previous year. Z
Columbian Carbon Co. net fol-
1945 was $3,352,008 or $203 VS.. $3,-
179,525 or $5.91 on fewer shares In
1914.
Melville Shoe Corp. earned $2,-
o0,907 or. $500 In 1945 VS.. So, 49,, ,797
or sl.85 in the previous year.
United Engineering & Foundry
Cp. net for l945 was $2,S41.861 Of
$4.79 VS.. $2,350,351 or $3.50 In 1914
lSt. Regis Paper Co. earned g..
1,4T1 or A cents in 1945 VS.. ST..
8v3,5l3 or. 81 cents.
cleveland Graphite Bronze Co
profit for 1945 was 81 ,304, ,391 or $3.65
VS.. $1,755, ITO or $5.03.