Evening star., 1947-08-17
Business Briefs

Business Briefs
Securities Registrations In .th
June quarter reached $2,0O4, ,046, 90
third highest total on record an
almost double those of the preced
ing quarter. - Securities and En-
change Commission. The total We
exceeded only in the second an
fourth quarters of 1916. :
Newsprint Production in Mort
America totaled as, ,973 tons in Jul,
a new alltime record for the month
and compared with 451, 900 in Jul,
1916. - Newsprint Service Burea,
Stocks on July 81 totaled 1888
tons VS.. 165, ,818 a month earlier an
1876, 200 year earlier.
Price Increases announced yester
included: Baldwin Locomotiy
Works. go on Diesel LOCOMOTIVES
General Motors Auto-Motive Div
sion, 50. on Diesel locomotives
Timken Roller Bearing Co., IS a to
on hot finished alloy bars, So on col
finished bars and SO on tubing.
Adverse Market Conditions cause
American Broadcasting to withdra,
its registration of $4,000 commo
shares. New England Public Sery
ice Co. Cancelled sale of commo
shares of Public Service of Ne,
Hampshire.
United Gas Corp. received Sc,
permission to sell privately $116,
500, 900 of 20-year az % first mort
gage and collateral trust bonds t
finance redemption OF its 80 bond!
and 40 bonds of its subsidiar,
United Gas Pipe Line Co. The sub
sidiary also was authorized to repa
10000 Of notes to United Ga
Corp.
Venezuela is seeking a privat
loan Of $25 ,000, 900 for constructio,
of new port facilities at Caraca
and Gunta, 1t was revealed In Ne,
York.
Virginia Electric & Power Co. di
rectors authorized the borrowing O
$4,000, 900 as a step in financin
the company's flve-year 100000, 90
construction program.
Continental Casualty Co, regis
tered with the SEC 100000 share
Of $40 par capital stock to be offere,
initially to stockholders on tn
basis Of one share for each nv
held. z
: Lehn 4 Fink Products Corp. tool
no action on Q dividend usually de
clared At this time: The firm PAL,
25 cents each in March and Jun
and IS cents in each 1916 quarter.
Continental Oil Co. will build
new refinery at Billings, Mont, t.
cost about $S,500,00 The contrac
was let to Jones Ss Laughlin Suppl
Co. Of Tulsa.
Creole Petroleum Corp. earne,
So, ,331 900 or 1884 a share in tn
first half Of 1s47 vs.. $42,314,001 O
$1.59 year earlier,
American Tobacco Co. estimate,
profit for the June quarter was So
2S2, 900 or $1.3s VS.. $7,64o, 900 or 81 5
In the preceding period.
Anaconda Wire d Cable Co. earn
ed $4,s3s,251 or $10.ss in the frs
half VS.. $57s,949 or $1.37 a yea
earlier when strikes hampered pro
duction.
Briggs Mfg. Co. and domestic sub
salaries had net profit of 50,
116,995 or $1.60 In the first half v.
$Sl1,135 or 16 cents in the sam
1916 period.
Hershey Chocolate Corp. earns,
"A. 7S2, ,S03 or $6.o6 in the first hall
after reserving $4,000, 900 for DOS
stble inventory adjustments. N
with . year earlier wa
available.
Honolulu Oil Corp. net for tn
hrst half was q, 3,070, al or 1928 vs.
81 $40 ,o01 or $1.65 In the same 1914,
period.
Curtis Publishing Co. earned a..
$1,000 In the FIRST halt VI. 81 1921. :.
s22 . year earlier.
Cutler Hammer, Inc, net incon,
Tor the first half was 1885,, los O,
1887 VS.. $45e, ,625 or 10 cents In thu
same 1916 period.
Superheater Co. profit for thu
|irst half was $84S, 159 or SO cent.
vs.. $l,004,572 or $1.16.
sorg Paper Co. earned $743 .922 ir
the first half vs, $167, ,10s a yea,
sarher..
Aldens. Inc. profit for the frs
half was $212,963 or 81 cents VS.
s767,717 or $2.11 In the same 194t
period.
Suburban Propane Gas Co. earned
s194,167 In the June quarter VS.
s144,414 a year earlier.
Press Wireless, Inc, filed a peti.
ton at New York under the bank.
ruptcy act asking that it be allowed
TO continue operations while repay.
ing creditors under q deferred pay.
nert MAN