Evening star., 1947-05-04
Business Briefs

Buyers Have Taken Control d the
construction market. reported r. w.
Dodge Corp. Contract volume IN 81
States east Of the Rocky Mountains
averaged $24, ,0O0, 900 per business
day in three weeks Of April VS.. $28,-
O0000O per day III March and $33,-
000oo0 IN April, 1915
II Record winter Wheat Crop In
excess Of a billion bushels was fore-
cast by c. M. Calvin. crop expert
for James E. Bennett q Co. at Chi
cago.
Present Automobile Prices have
forced many prospective buyers out
.of the market but the effect Is not
yet evident In the industrys order
backlog. said David ]. Wilkie. AS
sociated Press automotive editor.
The backlog, after levelling of
slightly has turned up again. and
exceeds years production.
Mississippi Power q Light Co. reg
istered with the SEC $500. 600 Of
first mortgage bonds. que 1877, to be
sold at competitive bidding. Pro-
sceeds will repay a 81 ESQ. 900 bank
loan and provide for new construc-
ton.
Beech Aircraft Corp. registered
with the SEC $4,000. 900 of 4AG9o
convertible sinking fund debentures
lsubordinatel, due 1857. for public
offering.
Lerner Stores Corp. registered
with the SEC 100000 shares Of 500
par cumulative preferred stock for
public offering. Proceeds win be
used to redeem present 41s% cumu-
latiye preferred at los, repay $4,-
500.O 900 bank loan and reimburse
the treasury for expansion costs.
Mid Continent Airlines stock
holders authorized an increase In
capital stock to 100000 shares Of
$25 par preferred and 1000 600 COM
mon shares. Previous capitaliza-
ton was 500,0 900 common shares.
Beneficial Industrial Loan Corp.
earned 81 .553, ,159 or 81 cents share
In the first 1947 quarter VS.. 81 ,456,621
or 70 cents on fewer shares year
ago.
Seab0arl Oil Co. of Delaware and
subsidiaries reported net profit OF
ST ,175,857 or 95 cents in the first
quarter VS.. 1896. .719 or 80 cents in
the same 1946 period.
Wick Chemical Co. earned $4,12s,-
663 or $2.91 in nine months ended
March 81 VS.. $3,261, ,873 or $2.35
year earlier.
Interchemical Corp. profit for the
March quarter was 1894. ASS or $3.50
VS.. $253, ,4o3 or 50 cents in the same
1916 period
Pittsburgh Steel Co. earned $716,-
472 in the March quarter VS.. def
cit of SLIT ,697 year ago.
American Investment Co. of IIli-
nois profit for the March quarter
was $484. 1862 or 40 cents VS.. 1928, $50
or 26 cents in the same 1916 period.
Carr Consolidated Biscuit Co.
earned $685., ,456 or so cents In IL
weeks ended March % VS.. $571 ,464 or
Is cents for merged companies a
year ago.
Southeastern Greyhound Lines
net income for the March quarter
was $313, ,285 or 90 cents VS.. $789, 1854
or 73 cents in the same 1916 period.
American Molassas Co. earned
| $740,82 or $1.60 in nine months
ended March 81 VS.. $566,513 or 81 %
a year ago.
American Writing Paper Corp. net
for the March quarter was SITS, ,926
or SO cents VS.. $24,474 or 6 cents in
the same 1916 period.
Checker Cab Mfg. Co. reported q
loss of $73,544 for the March quarter
VS.. a deficit of $103, ,464.
General Railway Signal Co. earned
$25, ,339 for the March quarter VS.. q
loss of $64,557 year ago.
DIR. Pepper Co. profit for the
March quarter was $208, 900 VS.. $780,
600 in the same 1916 period
Columbia Steel Co., West Coast
subsidiary of United States Steel.
elected j. Lester Perry president to
succeed the late William A. Ross.
Mr.. Perry retired in 1916 as presi-
dent of Carnegie-Illinois Steel Co.
and has many friends here. He has
been serving as assistant to Ben
jamin F. Fairless, president OF the
parent company.