Evening star., 1947-08-27
Business Briefs

S,9ZZ reported lOI IHe plcCCdlils
month but 246go under the total
for July, 1946.-Dun & Bradstreet.
Civil Aeronautics Board an
nounced disapproval of the right
of interna tional air carries to adjust
their fares to meet competition OF
air carriers operating with other
countries. The limitation was pro-
posed by the European Traffic Con-
ference of the International Air
Transport Association.
Electric Energy Consumption at
tanned a record level of 1852, ,876 900
kilowatt- hours in the week ended
August %, compared with 1923 ,000,-
900 in the preceding week and up
11.4T from a year before.-Edison
Electric Institute.
Life Insurance Premium Payments
this year are at the rate of more
than S6,OO0,OOO 900 annually, COM
pared with S5,7oO,00O,OO0 last year
and s5,O79, 10000 in 1941.-Institute
of Life Insurance.
Deadline for Filing Claims for
debt against former enemy govern
ments. businesses or individuals was
extended Indefinitely by Attorney
General Clark. Exception was made
in the case of some 300, list OF
whom is being forwarded to Federal
district attorneys for the public
convenience.
Cost of Residential Construction
has declined from 3 to 80 since the
first of the year. according to M. r.
Massey, assistant commissioner OF
the Federal Housing Administration
Among cities mentioned were St
Louis. Denver, Salt Lake City and
New Orleans, Mr. Massey predicted
that housing construction costs
would be stabilized next spring at
about 400 above the 1889 level.
Securities and Exchange Commits
sion authorized William H. Taylor
and John M. Taylor of Philadelphia
to acquire about $40 of the capital
stock of Allied Gas Co. from its par
ent, Great Lakes Utilities Co.
Pacific Telephone e. Telegraph Co
won approval of the California Pub
lie Utilities Commission for issuance
of $10o,000,000 in debentures subject
to filing of supplementary statements
on price and interest rate.
H. J. Heinz e. Co. announced first
quarter sales of $23,718,979, up 1871
from the first 1946 quarter.
American Smelling & Refining Co
ordered a dividend of $3.50 on the
common. payable September "a tc
stock of record September S.
McKesson & Robbins, Inc, re-
ported for the year ended June &c
net profit of S9,657,776, or S5.37 q
common share, vs. s8,586,l57, OF
s474, in the preceding year
Illinois Central System reported
net profit of S9,458,064, or $6.48 9
common share, for the seven months
ended July 81. VS.. S2,397 ,908, or s12s
a share, in the comparable period
last year
Also for the Seven Months Ended
With July:
Chicago, Milwaukee, st. Paul &
Pacific Railroad earned $2,439, liz
or S217 share, VS.. net loss OF
s408e, ,262 in the seven months last
year,
Reading Co. earned 5000 ,599, VS.
net profit of S857,082.
Western Maryland Railway earned
s2,837,632 or S15.s9 per first pre-
ferred share, VS.. 81 .059, ,143 or S5.97
Wheeling & Lake Erie Railway
earned $3,699 .696 or 5000 common
share, VS.. s1,342.259 or 1920.
Missouri Kansas Texas L e
earned 81, ,434 900, VS.. ST ,20S 900.
Lehigh Valley Railroad lost S329,.
6s4, VS.. a deficit of S1.772,e9e.
For the Six Months Ended June
50:
American Potash & Chemica
Corp. earned $l.102,056 or $1.94 q
share, VS.. S723 1863 or s1.37.
Prosperity Co., Inc, earned S412,-
122 or s2.41, VS.. s329;5l9 or sl.99;
Hudson & Manhattan Railroad
lost s533 ,23s, VS.. deficit of S697 42s
in the 1916 half.
Gaylord Container Corp. earned
s4,751,o17, or s209, VS.. 81, ,7eS, ,737, Or
S6 cents.