Evening star., 1946-04-08
Business Briefs
Shipments of Women's Hosiery il

Shipments of WOmen's Hosiery in
February totaled 2,9O4,044 VS.. $685.
1862 yea: ago-National Associa- :
ton of Hosiery Manufacturers. In
months this year they totaled
5,855,19l VS.. 6,175,372
Railroad Federal Savings Associa
ti0n of New York announced inter-
est rates lower than the stand
ard AZ authorized in the GI
Bill of Rights on certain types OF
nome loans to veterans Rates will
range from 375cs on loans repaid
in 10 years to 1885, for IS years
and II months. Longer term loans
will bear the standard rate of -
Colonial Airlines reported March
passenger miles totaled 1924 785
gain of 602Co a year ago. Daily
flights from Washington to Ottawa
and Montreal will start April Is.
HarvilIe Corp. will offer stock
holders rights to subscribe to an
other 100000 common shares at 81
a share on the basis of a new
hare for each 5 held.
Pressed Steel Car Co. shipped 300
freight cars in the first 1916 quarter
ana around 1900 are scheduled for
shipment in the second quarter.
Norfolk & Western Railway coal
shipments, from which around 60Go
of total freight revenues come
slumped almost 1870 in 1945. How
ever, net income was s22 ,678,923 or
$3.50 a share VS.. S22, ,185. .002 or SIS. Is
IN 1914.
Canadian Pacific Railroad earned
s3l,6l4,162 or Sl98 in 1945 VS.. s34,-
699,830 or 1921 in the previous year
United Aircraft Corp. profit for
l945 was S12,855 ,280 or 435 VS.. S15,-
562 ,336 or $5.37 in 1914.
Reynolds Metals Co. earned s4,-
396,l87 or s4.03 in 1945 VS.. S3,O45, ,818
or S2.71 in the previous year.
Richfield Oil Corp profit for 1945
was S2,985 ,699 or "A cents VS.. So ,OSO,-
974 or II cents.
Mercantile Stores Co. net for II
months ended January 81 was
$l,810,90l or Sl21 vs. S1,779,941 or
$l.l8 in the preceding fiscal year.
Stewart Warner Corp. earned ST.
634 ,202 or S128 in 1945 VS.. 81, 1865 ,218
or Sl.54 in the previous year.
Natomas Co. profit for 1945 was
S623,4 ,478 VS.. S532, 128 in 1914.
Lehman Corp. reported net asset
value on March 81 was s6289 a
share, a new high, and compared
with $57.7l on December 81 and
$45.42 a year ago.
Jewel Tea Co. sales in 4 weeks
ended March % totaled S5,805 ,259, a
gain of 289%o from a year ago; in
II weeks ended the same date,
S16,850, ,221, an increase of 22.9&.
Edison Brothers Stores, Inc, sales
for March totaled $5,058,ll8, drop
of 9.6Go from a year ago; for 3
months, s12 ,967, a gain OF 6.2fa.
A. S. Beck Shoe Corp. sales for
March totaled $3,279 ,491, drop of
$3.50 from a year ago; for months,
$8O19.47l, a gain of 206%e.
Diana Stores Corp. sales in March
totaled $l,040,527. a drop of 7.1To
from year ago; in months ended
March 81, S8,674,711, a gain of 1897
Securities and Exchange Commis-
sion received the resignation OF
H. H. Buchanan as chief of it's cor
poration and finance division to
take an executive position with
Crane Co.
Taca Always, S. A., elected Ju-
Illus c. Holmes, former Assistant
Secretary of State, president and
direetor.
Iron Age magazine appointed R
M. Gibbs assistant to the president
He has been regional manager at
Pittsburgh.
Republic Industries, Inc, elected
Nelson w. Pickering executive vice
president. Barium Steel recently
acquired control of the firm.