Evening star., 1946-03-26
Business Briefs
Manufacturers Shipments in ia,

Manufacturers Shipments in jan
uary approximated $4,000 900 900, a
drop of $100,000000 from the pre-
vious month, but about equal the
monthly average for 194I, best
peacetime year-Commerce Depart
ment.
Shell Union Oil Corp. was re-
ported completing arrangements to
register new s125 900 900 bond issue
to finance retirement of $4,000 900
OF debt and increase working cap
ital.
Hackensack. N. j., Water Co.
awarded $4,000 900 of 2s "a, 3O-year
bonds to Halsey Stuart & Co. and
associates on high bid of 1O442,
representing a cost to the company
OF 2.417@,. Reoffering was planned
at los, which would yield the buyer
slightly above 239 new low.
Great Northern Railway asked
1CC permission to sell S25 900 900
of general mortgage series r gold
bonds for refunding purposes.
Pennsylvania Co. asked ICC per-
mission to sell $50 900 900 of secured
serial notes for refunding purposes.
Bids have been invited up to
April 9.
National City Bank will increase
rates on bankers acceptances 4 OF
10 April l.
Fruehauf Trailer Co. registered
with the SEC 5000 shares of s1O0
par value cumulative preferred stock
to finance expansion.
MOnsantO Chemical Co. stock
holders approved an increase in au-
thorlzed common stock to 2,0000 900
shares and authorized issuance of
100000 shares of preference stock.
Caterpillar Tractor Co. announced
the largest expansion program in it's
history. Outsiders estimated it
would cost more than 50,000,000 in
the next 2 years
Jack & Heintz Precision Indus
tries, Inc, and Eiseman Corp. stock
holders will vote April II on a
merger plan.
Continental Can Co. sales in two
months of 1946 were about 14ee be-
low a year ago, President Conway
said at the annual meeting. He
forecast lower profits because of
higher costs.
Foster Wheeler Corp. has an order
backlog of $29,800.0O0, sufficient to
keep it operating into 1947.
Gillette Safety Razor Co. in
creased the quarterly dividend on
common stock to so cents from 25
cents paid previously. The larger
dividend is payable April 25.
Standard Oil Co. of Indiana
earned 50,340,476 or 1929 a share
in 1945 VS.. $55,510, ,033 or S.. 3.63 in the
previous year. Almost all of $780,
100000 to be spent for 1916 expan-
sion will come from reserves, said
Chairman Wilson.
Timken Roller Bearing Co. net
for 1945 was $5,379,5l1 or 1922 VS..
$6,293,590 or $3.50 in 1914.
Columbia Broadcasting System
earned $5,345, ,641 or $3.11 a common
share in IL months ended December
% VS.. $4,678, 1851 or $272 in the pre-
vious year.
Douglas Aircraft Co. net for u
months ended November 80 was So
955,754 or $14.93 VS.. $7,685 ,227 or
1921 in the preceding fiscal period.
Pullman Co. profit for l945 was
$9,045 ,265 VS.. SIC. .720,628 in 1914.
> Pittsburgh Consolidation Coal Co.
earned $5,167,655 On $2.88 a share in
l945, including operations of both
Pittsburgh Coal and Consolidation
Coal merged late in the year,
Texas Pacific Coal & Oil Co. net
for 1945 was $1.759,850 or $1.99 VS..
$2,256,110 or $254 in 1914.
Consolidated Retail Stores. Inc,
earned $84l ,601 or $2.06 in 1945 VS..
$660,77l or s1.84 in the previous year.
Pittsburgh Screw & Bolt Go. net
for l945 was 1902, 1l9 or So cents VS..
$870 629 o.. So cents in 1914.
General Refractories Co. earned
$3.50. LOG or 81 sc in 1945 VS.. 1886 $40
or $1.46 in the previous year.