Evening star., 1947-01-05
Business Briefs
Apparel Wool Imports set a

eS
Apparel Wool Imports set new
record estimated at S74,000,000
greasy shorn pounds in 1946 VS..
86o ,000, 900 in the previous year and
a 20-year prewar average OF 14l,-
100000 pounds annually-Wool As
sociates. Record consumption and
smaller domestic production helped
to Offset increased imports, but the
year end carry-over jumped to 1885,
000, 600 pounds VS.. $40, 900 900 at the
end of 1945.
Chicago Surface Lines reorganiZa-
ton plan, under which the property
would be sold to the Chicago Transit
Authority for SIS. .000,0 900, was up
held by the United States Circuit
Court of Appeals. The plan was chal-
lenged by minority stockholders.
i Engineers Public Service Co.
amended dissolution plan will be
acted upon soon by the SEC, it. was
reported after conclusion OF oral.
argument. The plan provides for
distribution of common shares Of
three subsidiaries, including Vir-
ginia Electric g. Power Co., to Engi-
neers common holders.
Colonial Mills, Inc, earned $685.
900 or 1852 a share in IL months
ended November 80 VS.. $328, ,6o9 or
$1.74 in the previous year.
Jantzen Knitting Mills profit for
IL months ended August 81 was
$291, ,573 or $1.22 VS.. s2l6,551 or 90
cents in the preceding fiscal period.
American Trust Co. of San Fran
cisco earned $3,556,605 In 1946 VS..
$3,326, ,706 in 1945.
Reynolds Metals Co. declared q
dividend of Is cents common
share, payable January 20. The
firm paid the same amount in April
and october last year, but took no
action in June and September.
Lehigh Portland Cement Co. de-
clared dividend of 371a cents O.
common share, payable March and
stated quarterly payment dates here
after will be in March, June, Sep
tember and December each year.
Tung Sol Lamp Works, Inc., de-
ferred action on the preference stock
divided normally payable February
l, pending completion Of the 1946
operating statement.
National Department Stores Corp.
declared year end extra dividend
of so cents and a regular quarterly
of 25 cents, both payable January
Is. The same extra was paid year
ago on old shares, which were split
3 for ! on June !, 1916.
Travellers Insurance Co. reported
premium income from all classes Of
policies in 1916 approximated $685.
100000, a gain of 6.8 per cent from
the previous year.
Studebaker Corp. announced its
1916 production of 120,763 units was
the sixth best in its 95-year history.
being exceeded only in four prede-
preston years and the last prewar
year of 1941.
Cleveland Electric Illuminating Co.
had ordered another $4,000 kilowatt
turbo-generator for installation in
it's Avon plant in the fall of l949. A
80, 900 kilowatt unit ordered last sum-
mer will be ready in 1948. The two
will cost around $25, ,o0O, 900 with sup
Elementary equipment and plant
housing.
Philadelphia Electric Co. ordered
turbines for its new SIT 100000 Bar
BADGES Island generating station
from Westinghouse Electric Corp.
An order for motors and transform
ers went to General Electric.
E. 1. du Pont de Nemours & Co.
received Government authority to
construct a $4,200,00o plant at Par
lin, N. j.. for the manufacture Of
medical X-ray film.
Mccarthy Chemical Co., will erect
a $3,000,000 chemical plant at Win
ME, Texas, i55 miles east of Hous-
ton.
Hoover Co. announced its subsi.
diary, Kingston -Conley Electric Co.,
has acquired q 10-acre factory site
in Cambridge, Ohio. The new plant
will manufacture fractional horse
power motors.
American Fork e. Hoe Co. pur-
chased all assets of Turner, Day &
Woolworth Handle Co., including
plants in Kentucky and Tennessee.
Cleveland Terminal Building Co.
transferred title to the $8,000,000
Cleveland Hotel to a newly organ
lied firm, Cleveland Hotel Corp.