Evening star., 1947-05-18
Business Briefs
BuiIding Permits IA 215 cite

49,
April were valued at $228, l72 $50.
g contraseasonal drop Of 29T from
the preceding month and 5.1E be-
low 4 year ago Dun e. Bradstreet.
Permits In four months OF 1947
were valued at $786, ,866.574. drop
of 26.4g from = year ago.
FIRST Quarter Net Income Of 322
companies listed on the New York
stock Exchange averaged 112.9Eo
above year ago. the Exchange re-
ported. The gain was shared BY
26I OF the firms, 40 showed profit
below 4 year ago and Is reported
no profit. Some of the sharp gains
were reported by firms, who had
abnormally low 1916 profits because
OF strikes.
An Operating Loss Of $5,675, SIS
was suffered by the Nations 20 do
mestic airlines In 1946 Civil Aero
naltics Board. 1t contrasted with
q net operating income OF $34,1i6.-
761 in, the preceding year. Reve-
nue. miles totaled 81, $685. 800 VS..
sJu6s66l IN 80.
Auto Parts Production for the re-
placement market may show a unit
increase of more than 1876 this
year and reach q dollar volume Of
80. .250, 600 900 vs.. last years record
of 81, 1918, 900 Wards Automo-
tive Reports.
New York Curb Exchange Mem.
bership was sold yesterday for $l6,-
500, q drop of $500 from the
previous sale. Current bid and offer
prices were $15.500 and $40 $500.
Public Service Co. Of Colorado
registered with the SEC $4,000, 600
OF first mortgage bonds, due 1877,
and 100000 Of convertible de-
bentures, due 1862, to be sold in
connection with the comprehensive
refinancing program.
Dayton Power & Light Co. reg
stered with the SEC 100000 shares
of 500 par cumulative preferred,
series A, and 75,000 shares of 500
par cumulative preferred, series B.
Series A shares will be offered pres
ent cumulative preferred holders on
q Share-for-share basis plus cash.
Beaunit Mills earned $6,170, 40 or
$3.50 a share in u months ended
March 81 VS.. $2,099, ,485 or 1921 In
the preceding year.
Cleveland Electric Illuminating
Co. net income for IL months ended
March 81 was 81, ,168, ,035 or $3.50 VS..
6,262, ,288 or $2.20 In the preceding
fiscal period.
Consumers Power Co earned
$14,575,0o6 in IL months ended
April 30 VS.. $9,370.51l in the previ-
Gus year.
General Telephone Co. profit for
the March quarter was $819,394 or
SO cents VS.. ss53,35 or s1.20 in the
same 1916 period.
Bower Roller Bearing Co. earned
$677,8o4 or $1151 in the March
quarter VS.. $187,52I or AZ cents
year ago.
Caterpillar Tractor Co. profit for
April was $597,116 VS.. $423, 1893 In
the same 1946 month.
United States Finishing Co.
earned $3.50, ,257 in the March quar-
ter VS.. $441,367 q year ago.
Thompson Products, Inc, profit
for the March quarter was $4S4,655
or u cents VS.. a deficit of $10,889
in the same ,1946 period.
Laclede Gas Light Co. net income
for 70 months ended March 81 was
$1,967,319 or 81 cents VS.. $1,518,870
or 81 cents In the preceding fiscal
period.
General Instrument Corp. earned
$1,744,320 or 1888 in IL months
ended February % VS.. $128,985 or 26
cents in the previous year.
Darling Shops of Meadville, Inc
operator of a national chain OF
women's apparel shops, purchased
four adjoining properties at the cor
ner Of Juniper and Chestnut streets
in downtown Philadelphia for
81, 400 900 and will construct one of
its largest stores there.
Safeway Stores cut prices on seven
brands Of canned coffe an average
Of about cents pound in the New
York area and New Jersey. Cuts
in packaged coffees are anticipated.
Pennroad Corp. received resigna-
tions from three directors, including
John H. Mason. Frank H. Thomas
and Alexander j. Cassatt. A fourth
director, Sylvester D. Townsend,
died Tuesday. William K. Jacobs,
jr., of New York was elected to one
vacancy and two more will be filled
at the stockholders meeting June II.
Philc0 Corp. elected Vice Presi-
dents Joseph H. GiIlies and Robert
F. Herr to the board and renamed
Is present directors. Stockholders
approved cancellations of 620,057
shares of B stock owned by the
corporation.