Evening star., 1947-02-02
Business Briefs
Retail Sales Trends reflect ths

Netau sales Irenus renecL the
first concrete evidence of nation
wide consumer resistance to high
prices-Sales Management. The
magazine predicted national VOL
ume of $s,05o, 100000 for February, a
drop of 4es from the previous month.
but 40e6 above a year earlier.
Cotton Textile Business slowed
down in the last week-Associated
Press. Desirable goods such as print
cloth and sheeting were placed, how
ever, at firm prices right through
the second quarter, and print cloths
were sold In volume into the third
quarter.
Copper Prices were at two levels
last week. American Smelling
boosted its price to 2o1s cents
pound, but other producers. kept
their prices at 191s cents. The aver
age daily price governed sales OF
Government-owned foreign copper.
Fairly High Corn Prices are as
lSured for the next two yearS-Agri-
culture Department. Government
loans will keep the price up, the
department said. Under present
legislation, price supports on corn
are mandatory at 9oo6 of parity for
the 1947 and 1948 crops, If funds are
available.
Southwestern Public Service Co.
registered with the SEC 5000
shares of 500 par cumulative pre-
ferred and 64,438 shares of 81 par
common stock. The common shares
will be offered to present holders.
Kaiser-Fraser Corp. arranged with
the Bank of America National Trust
81 Savings Association for line OF
credit up to SIS, 1000, 600. -
L. A. Young Spring & Wire Corp.
declared a dividend Of Is cents
share, payable March Is. The last
dividend was paid year earlier.
The firm elected N. D. Ely vice pres
ident In charge of manufacturing.
Mead Corp. declared dividend OF
IS cents q share, payable March !.
The firm paid 20 cents each in March
and June, 1916, and Is cents each IN
September and December, plus an
extra of Is cents in December.
Peoples Gas Light &. Coke Co. de-
clared an extra dividend OF 81 and
a regular quarterly OF 81, both pay
able April Is.
Union Pacific Railroad System
earned $34,211,738 or 1880 in .1946
VS.. $34, 4,650,279 or $3.50 in the previ-
GUS year. In 1916, the net included
s3,780,135 released from reserves
against possible refunds on Gov
ernment shipments; in 1945, $1,6l8,-
500. -
st. Louis-San Francisco Railway
reported net operating income in
1916 totaled $13, 1888 VS.. $15,754,-
474 in 1945.
Consolidated Gas, Electric Light b
Power Co. OF Baltimore earned ST.
850,036 or $5.46 in 1916 VS.. $6, 429,945
or SAL in the previous year.
Philadelphia & Reading Coal b
Iron Co. profit for 1946 was $500
1888 or $3.82 VS.. 81, l,486, 1902 or $1.o3 IN
1945.
Lone Star Cement Corp. earned
s5,232, 1884 or 1852 In 1946 VS.. $2,774,-
1873 or, 1892 in the previous year.
United States Industrial Chemi.
Gals, Inc, profit for nine months
ended December 81 was 50, ,432, ,867 or
S4.S7 VS.. $1,447.837 or 1891 In the
same 1945 period.
Carpenter Steel Co. earned $685.
523 or $1.94 in three months ended
December 81 VS.. $357 500 or 90 cents
a year earlier.
Brewing Corp. Of America profit
for the final 1916 quarter was $685.
GIG or $3.50 VS.. $449, ,295 or t3.fNjuG
the same 1945 period. J
Warner Co. earned $1,388, ,e84 or
81. 90 In 194S VS.. $551 ,207 or $1.lezin
the previous year.
Phillips Jones Corp. net income
for IL months ended November 30
was $507,212 VS.. $224,932 in the pre-
ceding fiscal period.
Mid Continent Airlines, Inc,
earned $238,334 or 81 cents in 1946
VS.. $171,3 ,376 or A cents in the pre-
vious year.
Transue & williams Steel FOrgings
Corp. profit for 1916 was $171 sos or
81 .27 VS.. $293 ,518 or $217 In 1945.
Beech Aircraft Corp. reported q
net loss of $228,929 in u months
ended September 80, including tax
carry-back credits of s624,017, VS..
profit of s3,722, ,402 or $3.50 share
in the preceding fiscal period.
Texas Co. increased the whole
sale price of gasoline onc-half cent
a gallon in Texas, effective Febru-
ary l.
st. Louis Southwestern Railway
asked Federal Court permission to
spend $1,855,149 for improvements
in 1947, including the purchase OF
five diesel switch engines and o new
freight engine.