Evening star., 1947-03-16
Business Briefs

Deposits of mutual saving banks
increased another s70,000,000 in Feb
ruary, bringing the gain in the first
two months of 1947 to $190, ,000, 600
National Association of Mutual Saw
ings Banks.
Canadian Dollars were quoted at a
discount of SIS % in New York, down
IS of a cent from Friday. The
93621a rate was the lowest since last
July. Rumors of a further devalua-
ton were blamed for the drop.
Curb Exchange memberships
brought s18,500 and $4,000 in two
sales, off $500 and $4,000 from the
previous transaction.
Virginia Peach Prospects remain
good, despite some damage from low
OBSERVATION-DISCLOSURES Tech Horti-
culture Department. The 1947 crop
was estimated at 2,250,00o bushels
VS.. 2,407, 900 in 1916.
John NIorren g. Co, stockholders
approved a 2-for-1 split in common
stock and an increase in stock from
100000 to 100000 shares, of which
100000 will be authorized but not
issued.
National Power e. Light Co. stock
holders, who did not exercise rights
to subscribe for common stock Of
Pennsylvania Power g. Light Co. in
1915, will be paid 1894 share under
an SEC order.
American Power & Light Co. re-
ceived SEC permission to lend up to
100000 to two of it's subsidiaries.
Texas Utilities Co. and Florida
Power & Light Co.
American Gas & Electric System
earned $18,039, 728 or $3.76 share in
IL months ended January 81 VS.. s13,-
016,131 or $2.52 in the previous year.
Northern States Power Co. tDele-
ware) net income for 1916 was $8,-
437,258 VS.. $4,405, ,453 in 1945.
Bell Telephone Co. of Pennsyl-
vania earned 81 ,229, ,482 in January VS..
81 ,560,870 year earlier.
st. Joseph Lead Co. profit for 1946
was $5,807,131 or 1924 VS.. $4,829, ,8l4
or $244 in 1945
Electric Storage Battery Co. earned
So, $40 or 1882 in 1916, including
$458, 900 of tax carry-back credit, VS..
$1,999,7 or $220 in the previous
year.
Masonite Corp. profit for six
months ended February % was ST.
933.972 or $322 VS.. 81, ,148,37 or $178
in the same period year ago.
Hinde & Dauch Paper Co. earned
$1,749,877 or $3.67 in 1916 VS.. $780,
OCT or $2.01 in the previous year.
Nu-Enamel Corp. profit for 1946
was $1,219,988 or 10 cents VS.. $574,614
or 80 cents in 1945.
United States Truck Lines earned
$967,213 or $1.88 in 1916 VS.. $556,94l
or $108 in the previous year.
A. Hollander g. Son. profit for
1916 was S772,849 or $3.11 VS.. $685.
213 or $168 in 1915.
National Fireproofing Corp.
earned $704,415 or $1.44 in 1916 VS..
deficit of $2O1 ,701 in the previous
year.
L. A. Young Spring g. Wire Corp.
profit for six months ended January
81 was S283, ,258 or 60 cents, including
a $4,000 tax carry-back credit, VS..
loss of $46.274 year earlier.
Bell Aircraft Corp. reported ail946
deficit of $657 300, after $1,650,000
of tax credits, VS.. profit of S4,465, ,297
in 1945.
Mould Hosiery Co. earned $1,517,-
OBS or $2.72 in 1916 VS.. $429 $40 or 81
cents in the previous year.
| Advertising Council elected
Charles G. Mortimer, jr., chairman
to succeed James w, Young. who
became chairman of the newly
formed Policy Committee. The
former is vice president of General
Foods and the latter senior con-
sultant of J. Walter Thompson Co.
Arabian Oil Co. named
w. F. Moore president. He is
general manager of foreign opera
tions for Texas Oil Co.
Burroughs Adding Machine Co
reported untitled orders on Decem-
Der 81 totaled $72 900, or nina
times greater than at the end of tho
best prewar year. Unit production
volume in 1946 was 7lq6 abovs
1945.