Evening star., 1947-03-23
Business Briefs
January Steel Payrolls set a rex

January Steel Payrolls set record
of s155, ,77S, 900 VS.. s137, ,216.5oo in the
previous month and wartime peak
of s154, ,s76, 700 in March, 1s45-Amer-
ican Iron & Steel Institute. January
employment included 512,6oo wage
earners and $500 salaried workers.
highest total employment since ls43.
Stock Exchange Membership sold
Friday for $4,000, drop of $1,000
from the last previous sale March II.
Atlas Powder Co. stockholders will
vote April % on a proposed increase
in authorized common stock from
SOC. 900 shares to 10000, The in
crease would enable the firm to raise
money. when needed, by sale of ad-
ditional stock.
Container Corp. registered with
the SEC 100000 shares of 500 par
value preferred stock to be offered
publicly for expansion purposes.
Virginia Carolina Chemical Co.
declared dividend of s4 on So pre-
ferred. payable April Is. on account
of accommodations which total S92 q
share.
Chesapeake Corp. of Virginia de-
clared an extra dividend. of so cents
common share, payable May Is.
The quarterly dividend will be con-
sidered at the directors April meet
ing.
Investors Mutual, Inc, declared
quarterly dividend of IL cents
share. payable April 81. The firm
paid cents a year ago,
Pennsylvania Co. earned S11 ,648,-
257 IN 1916 VS.. $8,207 $40 In the
previous year.
Caterpillar Tractor Co. profit for
two months ended February 28 was
81 1884, $40 or II cents VS.. $548,312 or
20 cents in the same 1916 period.
EIectrolux Corp. earned $3,167,656
or s257 in 1916 VS.. s1,615,503 or $1.3o
in the previous year.
Square D Co. net income for l946
was s2,704, ,627 or s196 VS.. s1,688,959
or $118 in 1945.
National Cylinder Gas Co. earned
50, ,444,532 or $1.72 in 1916 VS. $1,822,-
748 or $l25 in the previous year.
Island Creek Coal Co. profit for
1916 was $2,361 ,sl2 or 1912. ,nclud-
ing $250,909 profit from sale of cap
ital assets, VS.. s1,937 1884 or 1901
in 1945.
Joseph Bancroft & Sons Co.
earned $2,121,04 in 1916 VS.. $576,862
in the previous year.
Southland Royalty Co. net for 194s
was $1,24690l or S147 VS.. S494,721
or 58 cents in 1915.
Knott Corp. earned sS72,525 or
$506 in 1916 VS.. s533,389 or 1925
In the previous year.
Maryland Drydock Co. profit for
1916 was $618,119 or $3.68 VS.. $74S,-
682 or $4.39 in 1945.
Simplicity Pattern Co. earned
1868 ,343 or 7S cents in 1916 VS.. S262,-
868 or 40 cents In the previous year,
Central Investment Corp. net for
1946 was $680212 or S2.32 VS.. $217,-
381 or "a cents in 1945.
Lamson Corp. of Delaware earned
$685., ,346 or SLIT in 1916 VS., $413,3o1
or $1.45 in the previous year.
E. /. du Pont de Nemours & Co.
announced a new process to use corn
cobs as base in making one of the
two chief raw materials for nylon.
Kaiser-Frazer Corp. announced q
new luxury model to be known as
the Frazer Manhattan. 1t will differ
from other models mainly in its
color combinations and interior ap-
pointments.
A. S. Beck Shoe Corp. elected Saul
Schiff president to succeed Robert
w. Schiff, who became board chair
man. Schiff Co. acquired control
of Beck in August, 1916.
Monarch Airlines Of Denver
named H. S. Darr of Chicago pres
ident. He is president of Scott Lab
oratories and has purchased control
of the line for an undisclosed sum.