Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-03-12
Business Briefs

Lynch Corp. stockholders will vote
March % on proposed 21b for
split in common stock. Holders
would also be offered $4,000 add.
tlonal shares at the rate of / fol
each held.
Income Payments to individual.
in January appropriated $685..
100000, a decline of go from thu
previous month and 80 below thu
same l945 month-Commerce De.
partment.
Citrus Fruit Production this sea.
son is expected to set a record O,
100000 boxes, a gain of SO from
last season and 500 above the 1884.
43 average - Agriculture Depart.
ment..
General Public Utilities Corp. flee
with the SEC a plan for recapitali.
cation of Pennsylvania Electric Co
and dissolution of Pennsylvania Edi.
son Co. Both are subsidiaries.
Lion Oil Co. registered with the
SEC 10000 common shares to fl.
nance expansion.
Great Northern Railroad invited
bids by March 20 on $75,0O0,0 900 Of
new general mortgage bonds, O.
which &40,000,0O0 will mature ir
1882 and the remainder in 201O.
Liggett & Myers Tobacco Co. re.
ported unit sales in January anc
February were lower, but dollar
sales higher than a year ago. HI
predicted a profit of around $40.
100000 for 1916, drop of Sc, 1000 ,O0(
from l945, unless OPA grants 6
price increase on cigarettes.
Oliver Corp. president, Alva w
Phelps, told stockholders that "un.
warranted wage demands and Gov.
eminent regulated price limitation.
have developed climate of uncer.
tainty which makes it almost impos.
slble for industrial management tt
attempt to plan for the future"
United States Steel Corp. spent
S600000,000 for expansion and mod.
ernization between 1929 and 194(
and as a result was prepared for ar
important part in the war effort
said Chairman Odds in an elaborate
review of war activities issued by the
firm. For every dollar of Govern
ment funds spent for war emergency
expansion, Big Steel spent IS cents
Of its own funds.
Phelps Dodge Corp. earned So.
1876, 433 or 50 share in 1915. before
depletion, VS.. $12,651, 760 or $2.49 In
the previous year.
Celanese Corp. profit for 1945 wa:
S76l3, 489 or $2.82 VS.. $7,235. l89 O,
$2.86 in 1914.
Erie Railroad earned S5,797,185 O,
$154 in 1945 VS.. $7,660,l57 or $3.50
in the previous year.
Minnesota Mining e. Mfg. Co, net
for 1945 was $3.50 ,342 or sl.87 VS.
$3,958, lob or $2.03 in 1914.
J. j. Newberry Co. earned $1,000.
135 or $1.93 In 1945 VS.. $3.O67 .905 O,
$l.S5 in the previous year.
Studebaker Corp. profit for 1874.
was $3,277 ,0oS or $1.3s VS.. s4,038, hi
or STA in 1914.
Simmons Co. earned 81, 708 .O85 O
1924 in 1915 VS.. $2,967, 707 or $2.5
In the previous year.
Beech-Nut Packing Co. net TO
1945 was $2,11s,188 or $4.84 VS.. So,
443,7 84 or $3.50 in 1914,
General Telephone Co. earned 81 !.
891,862 or 1927 in l945 VS.. SLIPS %,
or $2.o2 in the previous year.
Consolidated Cigar Corp. profit fol
1945 was 1882, 431 or $3.50 VS.. ST..
33o,035 or 1897 in 1914.
Consolidated Grocers Corp. re
ported net income of $1,380,3s7 TO
80 weeks ended February 9 VS.. $675,
290 a wear earlier.
United-Carr Fastener Corp. earne,
s760,92S or $2.49 in 1945 VS.. s767 90
or $2.51 in the previous year.
Van Raalte Co. net for 1945 wa
$690,8 or $2.6l VS.. $716,539 or $2.4
in 1914.
Molybdenum Corp. earned 1904 81;
or SO cents in 1915 VS.. $3.50, PAS or 5;
cents ia the previous year.
Mafchant Calculating Machin
Co. net for 1945 was $617, 1873 or ST.
VS.. $622, oo2 or $2.74 in 1914.