Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-01-31
Business Briefs

Freight Loadings for the week
ended January 26 totaled 7O9 100
cars. q drop of 5.4%s from the previ-
GUS week and 6.6qo below year ago,
the Association of American Rail-
roads reported.
A Steel Price Increase greatly in
excess" of $6.25 ton" will be neces-
sary TO meet the 1872 cents-an-
hour wage increase demanded by
steel strikers, provided past increase
in steel costs are considered, de-
elared Irving S. Olds, board chair
man of United States Steel Corp.
Gasoline Stocks rose to l01, 737 900
barrels on January 26 VS.. 100, 778. 900
a week earlier and 90222 900 a year
ago, the American Petroleum Insti-
tute announced.
American Gas & Electric Co. re-
ceived SEC permission to borrow
25,000,000 from six banks at 90 in
terest to help finance its entire long
term debt of $24 900, comprising
B series of sinking fund debentures.
Universal Picture Co. registered
with the SEC $4,000 shares of 500
par value AZ % cumulative preferred
atock to be offered publicly. Pro-
ceeds will be used to buy all of it's
own 40 nonvoting preferred, pur-
chase half the common stock of a
lew firm to jointly distribute it's
Inns and those of certain English
'ompanies, and add to general
funds.
Nj. Lowenstein G. Sons registered
with the SEC ATS 900 common shares,
$4,000 shares series A cumulative
preferred stock and common stock
purchase warrants for $4,000 shares.
Elgin National Watch Co. stock
holders will vote March 81 on a pro-
posed 2-for-l in common stock and
an increase in authorized shares
from 100000 to 100000.
Douglas Aircraft Co. has 500 ,1O0,-
200 of orders from foreign airlines
for IS transport planes.
Consolidated Edison Co. earned
$50, 949, 625 or STA a share in 1945
VS.. s3o.374,7 100 or s170 in the pre-
vious year.
Inland Steel Co. profit for 1915 was
Ss,861, 210 or s604 VS.. S10,249, 1895 or
1928 in 1914.
Consolidated Gas, Electric Light G.
Power Co. of Baltimore earned So
1894 or SAL in 1945 VS.. S5,819, 298
or $3.50 in the previous year.
Christiana Securities Co. profit for
1945 was $15,382,31l or 1855 share
VS.. SIS 1886, 100 or S95.24 in 1914.
Coca Cola International Corp.
earned S5,781 ,301 or sos in 1945 VS..
S5,807, 1894 or s29.88 on slightly more
shares in the previous years.
Dome Mines, Ltd, profit for 1945
was $2,299, 564 or $1.18 VS.. $2,82l ,O87
or $1.45 in 1914.
Warner Co. earned 1851 POT or
$1.16 in 1945 VS.. S440, 072 or SO cents.
Jaeger Machine Co. net for IL
months ended November 80 was
s492 ,037 or $2.97 VS.. 1855 ,346 or $2.14
in the preceding fiscal perior.
Telautograph Corp. earned $175,-
7l3 or n cents a common share in
1945 VS.. S170,286 or rs cents in the
previous year
Lehn & Fink Products Corp. profit
FOR 6 months ended December 81
was S142,691 or 35 cents VS.. $267, 733
or 81 cents in the same 1914 period
Scotch, Dillon Co. voted not to
declare the usual dividend at this
time The firm had an unbroker
quarterly dividend record since
January. 1912.
American Superpower Corp. in
vites tenders for up to 10000 shares
of its first preferred stock at 1909
including SLOTS of accrued dividends
to February Is.
General Electric Co. purchased the
Meek Mfg. Co. plant at White
Plains. N. Y, for the manufacture
of electric appliances.
Westinghouse Electric Corp. elect.
ed Gwilym A. Price president anc
chief executive officer to succeed
George II. Butcher.