Evening star., 1946-09-15
Business Briefs

S1lcifcu ny UObIl FOTQ MOtOT 20. ana
General Motors Corp. to concentrate
on raising production of present
models in the face of labor troubles
and material shortages. 1t will take
at least 100000 more cars and
about two years of time to restore
the prewar balance of supply and
demand in the industry, David J..
Wilkie of the Associated Press pre-
dicted.
Paper Production, exclusive Of
newsprint, stood at 86.79o of ca
pacity for the week ended Septem-
ber 7 VS.. 1056go in the previous
week and 1886 a year ago-Amer-
lean Paper & Pulp Association.
Listed Bond Values on the New
York Stock Exchange averaged
1031O on August 80 VS.. 1882 a
month earlier.
Hart, Schaffner & Marx declared
a dividend of 60 cents a common
share, payable october %, Previous
quarterly payments were 40 cents.
United Corp. asked SEC permis-
sion to pay quarterly dividend of
IS cents on So preference stock Oc-
tober /.
Missouri Pacific Railroad was au-
thorized by Federal Court at ST.
Louis to pay $17,213,52O of accrued
interest on four bond issues.
SOuthren Pacific Lines received
more than 1,700 new freight cars in
August, compared with 425 in July
and only $50 in preceding postwar
months. The road expects to put
1850 into operation this year.
Baltimore & Ohio Railroad was
reported planning an equipment
trust offering of around $7,50O0O
to finance about 800 of the cost
of 500 new automobile-type boxcars
and 1000 coal hopper cars.
Philip Carey Mfg. Co. stockholders
will vote october 18 on recapitali-
zation plan which would replace 70
preferred with new SO preferred.
Electric Power & Light Corp. filed
a brief with the SEC supporting a
plan to retire $77,00O0OO of its
preferred stock. Preferred holders
filed brief in opposition to the
plan.
L. c. Smith & Corona Typewriters,
Inc, earned 1868, 1872 or $3.50 a share
in IL months ended June 80 VS..
$641 ,842 or $181 in the previous year.
National Steel Car Corp, Ltd,
profit fer II months ended June 80
was 81, ,247,166 or SLIT VS.. S986,819 or
LAO in the preceding fiscal period
Northwest Airlines earned $685.
851 or $182 in IL months ended
June 80 VS.. $727,714 or $1.35 in the
previous year.
American Bantam Car Co. re-
ported deficit of $143,368 for Il
months ended June 80 VS.. profit OF
S778,293 in the preceding fisca,
period.
New York, New Haven G. Hart
ford Railroad reported its commutel
traffic into New York was 43%
above 1941 levels in the first seven
months of 1916.
Allis- Chalmers Mfg. Co. reported
stockholders subscribed to 61,21e
shares of 359,373 shares of new
.3149o convertible preferred offered
to them at $100 a share.
Scott Paper Co. informed stock
holders prices of its products were
raised early this month. The in
crease amounted to around SO.
Cramp Shipbuilding Co. will &C
cept no more ship repair business
President Russell said. Asked
whether the firm intends to stay in
business, he declared that question
was one for the Navy to decide.
Pan American World Airways an
nounced its flights to Manila from
San Francisco and Los Angeles will
be resumed tomorrow.
International Harvester Co. will
take over exclusive selling rights
OF the "WhirlWind" terracer manu-
factured by the Servis Equipment
Co. of Dallas, effective November /.