Evening star., 1947-03-30
Business Briefs

1AsSonScr AUTO sales at factories
in February totaled 266, ,237 VS.. 247,.
130 in the previous month-Auto-
mobile Manufacturers Association.
For two months of l947 sales totaled
513 1857, of which 42,967 were shipped
abroad.
Farm Prices in mid March
reached new high level so above
the peak of last October as a result
of fluctuations in grains and live
stock - Agriculture Department.
Farmers costs also continued to rise
and exceeded the previous record Of
February.
Exports Of Airplanes and parts
last year were valued at nearly
$115, ,0000 900 - Commerce Depart
ment. This year looks like another
good one for exports in this line
with $75,000,000 worth of orders al
ready placed.
The Canadian Dollar (free rate)
at New York closed * of a cent
higher at 93.121a cents to the
American dollar, or a discount of
6BT, after an earlier drop to
92.871z cents.
Kennecott Copper Corp, largest
producer, has moved to stabilize the
price of copper by naming definite
price in its sales contracts with
domestic consumers. AL new con-
tracts will stipulate 211s cents q
pound, whether for future or i'm
mediate delivery.
United Biscuit Co. stockholders
will vote at their annual meeting on
a proposed 2-for-1 split in common
stock. A regular dividend of Is
cents and an extra of IS cents were
declared, both payable June 2.
Claude Neon, Inc, registered with
the SEC 223,954 shares of 81 par
common stock for offering to pre-
sent holders at the rate of a new
share for each 10 held.
Foremost Diaries, Inc, registered
with the SEC 10000 share of $50 par
4a % cumulative preferred stock
with common stock purchase war
rants.
Southern California Water Co.
registered with the SEC $5,1O0,000 of
first mortgage bonds, series due
1877, to be offered publicly at COM
petitive bidding.
Standard Railway Equipment Mfg,
Co. registered 100000 shares of ST
par common stock, of which 1876 900
shares will be sold by the company
and 365,000 shares to stockholders.
Pepsi Cola Co. earned $6,266,72s
or $1.09 share in 1916 VS.. $5,152. .309
or 80 cents in the previous year.
Parmelee Transportation Co. profit
for l946 was s2,124,320 or 1924 VS..
1887 ,978 or $171 in 1945.
Mcclellan Stores Co. earned s3..
408,297 or 81 in IL months ended
January 81 VS.. $1,631, ,470 or $202 in
the previous year.
Virginia Electric & Power Co. net
income for 1916 was $6,485, ,421 or
$1.71 VS.. S5,541 800 or $1.39 in 1945.
Consolidated Retail Stores, Inc,
earned $1,527 ,295 or $685. In l946 VS..
$84l Sol or $2.06 in the previous year.
Southern Advance Bag & Paper
Co. profit for 1916 was $2,058 ,02s or
S4.38 VS.. $439, ,l09 or $1.46 in 1945.
Bower Roller Bearing Co. earned
Sl,452 ,030 or 1928 in 1916 VS.. s742.-
479 or $1.65 in the previous year.
Consolidated Copper Mines Corn
net for l946 was $3.50, 1884 or 81 cents
VS.. $435,S77 or q cents in 1945.
Jeannette Glass Co. earned $685.
543 or $2.72 in 1916 VS.. s90,273 or
20 cents in the previous year.
Sprague Electric Co. profit for
1946 was $719,921 or $1.53 VS.. $685..
9l2 or 138 in 1e45.
Sundstrand Machine Tool Co.
earned 1868, 100 or s3.47 in 194s VS..
S4l2,244 or $219 in the previous
year.
Continental Diamond Fibre Co.
net for 1946 was $622, ,444 or si.35 VS..
$345,814 or rs cents in 1945.
Sun Ray Drug Co. earned $780,
957 or S575 in IL months ended
January 81 VS.. $17y,541 or $1.5S In
the previous year.
Easy Washing Machine Corn.
profit for 1916 was $491 ,452 VS.. $751;
TIT in 1945.
Century Ribbon Mills earned $37s,-
46S or $1.89 in 1916 VS.. $194554 or
81 cents in the previous year.
ACF-Brill Motors Co. reported a
1946 deficit of 1918, 400 VS.. profit of
$302,725 in 1916.