Evening star. [volume] (Washington, D.C.) 1854-1972, 1947-03-17
Business Briefs

Business Loans, IN Two OF every
three cases, are going to concerns
with less than $4,000 of assets. but
the amount Of their borrowings is
less than l0H,. OF the total--Federal
Reserve Bank.
Another Cut i'm the Federal Debt
will be made April when the Treas
Try will pay off 81 .500,000,000 of
l-year 7aGc certificates of indebted
ness with cash. This will leave the
debt at $25S 100000 900 VS.. record
high of $279, 764,000,000 on February
%, 1916.
Where It's Customers Live will be
studied by the New York Stock EX-
change in deciding what to do about
Saturday closings and daily trading
hours. For the week of March "a
member firms must report the State
from which each order comes and
the amount of shares involved.
Endicott johnson Corp. declared
par common stock, payable April /.
The firm paid IS cents prior to the
recent 2-for-1 split.
Helicopter Air Transport, Inc,
registered with the SEC 100000
shares of capital stock to be offered
to the public at $3.50 a share.
Consolidated Gas, Electric Light
& Power Co. Of Baltimore will raise
most of an estimated $4,000, 900 for
construction in the next three years
by issuance of new securities to
stockholders, said President Schmidt.
The company is considering an
initial Offering of $16,677, 100 of con-
vertible debentures to common
stockholders.
Texas Co. earned $71,089 ,267 or
1892 a share in 1916 VS.. $5l 1856, 1928
or S461 in the previous year.
National Dairy Products Co. profit
for 1916 was s25 ,444,000 or S4.05 vs..
s14.215,759 or 1925 in 1945
Cannon Mills Co. earned $4,000
DOB or 1888 in 1916 VS.. s3,362,961 Or
1924 in the previous year.
Parke, Davis e. Co. net income
for 1916 vas S13,336582 or S2.73 VS..
S7,763, 031 or $159 in 1915.
Owens Illinois Glass Co. profit
for 1916 was s13,246.832 or S4.53 vs..
S9.793,807 or $3.50.
Jones g. Laughlin Steel Corp.
earned $10,854,08 or 1919 in 1916
VS.. $8,082 ,082 or 1921 in the previous
year.
Columbian Carbon Co. profit for
1916 was $5,307, 1861 or 1929 VS.. S.
352,008 or $208.
Sunray Oil Corp. earned $4,275,717
or rs cents in 1916 VS.. S1,818,871 or 81
cents in the previous year.
Lion Oil Co. net for 1916 was So
965,779 or S6.78 VS., s1,6706 09 or 1884
in 1915.
National Fuel Gas Co. earned S.
365,454 or SO cents in 1916 VS.. $3,072,-
6S4 or 81 cents in the previous year.
Biaw-Knox Co. profit for 1916 was
s3,3s2.O71 or S249 VS.. S3,344,2S8 or
s2.51 in 1915.
Newmont Mining Corp. earned
s2,467 ,270 or 1922 in 1916 VS.. 81 500, :
FOG or Sl54 in the previous year.
Remington Arms Co. profit for
1916 was S2,296 1888 or % cents, in
Guiding S2,200,000 from reserves, VS.
S2,695, 500 or 33 cents in 1945.
Admiral Corp. earned S1.888,625 or
$40 in 1916 VS.. S711,310 or 70 cents
in the previous year.
Bendix Home Appliances Co. pro-
fit for 1916 was s3,178,780 or 500
VS.. $780,, 500 or 18 cents in 1945
Pet Milk Co. earned $1,713,157 OF
1887 in 1916 VS.. 81 ,432, 245 or $27l
in the previous year.
Fanny Farmer Candy Shops profit
for 1916 was $1,57o,020 or s4.56 VS.
S8l1, 1866 or S2.35 in 1945.
Reliance Mfg. Co. earned S1,47S.-
12S or $3.50 in 1916 VS.. s824,475 OF
1924 in the previous year.
General Time instruments Corp
net for 1916 was S1,229,865 or S3.2;
VS.. s1,O5o,19l or $3.50 in i945.