Evening star., 1947-03-11
Business Briefs

Foreign Silver Price at New York
tumbled So cents more to 18 cents
an ounce following an earlier de-
cline at London. In two days, the
price has fallen 81 cents.
Stock Exchange Membership sold
for s6s, 900, unchanged from the pre-
vious sale. Seats were quoted at
$4,000 bid and $4,000 asked.
New Securities Offered Today in
cluded: 177,000 common shares of
Cory Corp. at 10; 125,000 common
shares of Rothmoor Corp. at 8.
North America Co. received SEC
permission to issue to its common
stockholders purchase warrants for
1.714,525 shares of Cleveland Elec-
tric Illuminating Co. common on
the basis of one-fifth of a Gel
share at SIS share for each North
American share.
Sun Oil Co. stockholders will vote
next Tuesday on proposed 6-for-5
common stock splitup. Directors
recommended the plan.
Houston Lighting e. Power Co.
plans to raise $9,700,000 working
capital by increasing authorized
common from 100000 to 100000
shares, holders were notified.
Railway Express Agency asked
ICC permission to increase express
charges to provide at least $70,000,-
600 Of additional revenue annually.
Corn Products Refining Co. in
creased prices of all products except
dextrose IS cents per 100 pounds due
to the sharp increase in corn prices.
United Fruit Co. declared a reg
ular dividend of so cents and an
extra of so cents, both payable
April Is.
Westinghouse Electric Corp.
earned $8,823,846 or 6S cents a
share in 1916, after a tax carry
back credit of s6328s,047, VS.. s26,-
744,055 or $208 in the previous year.
Canadian Pacific Railway net in
come for 1916 was $25.134,731 or
s153 VS.. s31.6l4,162 or $1.98 in 1945
Phelps Dodge Corp. earned S14,-
s53.36o or s293 in 1946 VS.. $1o,136,-
433 or 50 in 1945 when S5000Oo was
set aside for contingencies.
Union Electric Co. of Missouri re-
ported net of s10.s24,759 or $344
in 1916 VS.. $9,559,962 or S296 in
le45.
Standard Gas & Electric Co. and
subsidiaries earned S7,629.827 in 1916
VS.. s3,742.l41 in the previous year
Northern Natural Gas Co. profit
for 1916 was s5,446.303 or s5.37 VS..
s3,o60,644 or "a in 1945.
American Sugar Refining Co.
earned s5,235 ,278 or $3.50 in 1946 VS..
s4,539,921 or s3.17 in the previous
year.
Electric Auto-Lite Co. profit for
io46 was $4,071 500 or S2.72 VS.. $4,-
491, 1876 or $3.76 in 1945.
Stanley Works earned $3,617.977 or
STAT in 1916 VS.. 81 1924, ,767 or s3.48 In
the previous year.
Edison Bros. Stores, Inc, profit for
1946 was s3,182.178 or $3.50 VS.. ST.
360,520 or $i.39 in 1945.
National Cash Register Co. earned
1881 ,215 or S2.06 In 1916 VS.. $2,157,-
578 or $1.33.
Dresser Industries, Inc, profit for
three months ended January 81 was
s728.5S1 or 81 cents VS.. deficit of
$516,574 year earlier.
Duval Texas Sulphur Co. earned
$1,011,S50 or $202 in 1916 VS.. $7S5, ,793
or sl.57 in the previous year.
Merritt Chapman & Scott Corp,
profit for 1916 was $884,774 or $2.64
VS.. $3.50 ,917 or 50 cents In 1945
Pressed Steel Car Co. reported a
S445.535 loss in 1946 VS.. profit OF
S927.455 or a9 cents In 1945.
Hilton Hotels Corp. announced a
profit of s2,l13,336 or s1.15 for seven
months ended December 81 in its
first annual report. Stockholders
will meet in Chicago March II.