Evening star., 1948-04-18
Business Briefs

The Problem Of Getting a New
Car is as difficult as ever. according
to the Associated Press. Many 1916
model owners were reported back
in the market and the industry has
made no headway in reducing the
backlog of untitled orders. Several
companies may have to cut 1948
production schedules because Of
material shortages.
Cotton Textile Dealings turned
quiet in the last week after mills
raised prices on forward goods. The
increase came after a good business
in print cloths the previous week
and had the effect of discouraging
buyer interest.
General Public Utilities Corp. re-
ceived SEC permission to borrow
not more than $4,000, 900 from COM
mercial banks. With the proceeds
the company will increase invest
ments in subsidiaries to pay for
construction.
Consumers Power Co., subsidiary
of Commonwealth & Southern
Corp, asked SEC authority to sell
200 900 preferred shares to finance
1948 and 1949 construction.
Idaho Power Co. registered with
the SEC 10000 common shares to
be offered publicly to help finance
construction. The company will also
sell 10000, 900 Of first mortgage
bonds to II institutional investors.
Gameweu Col. declared a year
end extra dividend Of so cents and
q regular quarterly Of 25 cents, both
payable May IS, raising payments
for the year ended May 81 to $1.5Q
VS.. 81 in the previous year.
Railway Il Light Securities Co. de-
clared an extra dividend Of 20 cents
and a regular quarterly of 20 cents,
both payable May /. An extra of 10
cents was paid a year ago.
Anaconda Copper Mining Co.
earned $43,571 ,907 or $500 a share
in 1947 VS.. $23,838,612 or SITS In
the previous year.
New England Telephone & Tele-
graph Co. net income for two
months ended February % was
81 Ass, 1852 vs.. $1,230,272 In the same
1947 period.
Glenmore Distilleries Co. earned
s1,266,517 or $122 In the March
quarter VS.. $751; ,428 or $1.55 a year
earlier.
Caterpillar Tractor Co. profit foI
the March quarter was $2,925, ,326 OF
s1.55 VS.. 81, 1850, ,624 or 88 cents in the
same 1947 period.
Gatineau Power Co. net for 1947
was s3.512,547 or $1.63 VS.. $2,969 ,947
or 130 in 1916.
Republic Pictures Corr. earned
$780, ,945 or 2 cents in 13 weeks ended
January "a VS.. $344,7l4 or 13 cents
a year earlier.
MacAndrews e. Forbes Co. net in
come for the March quarter was
S290,211 or SO cents vs.. $295, ,527 or
81 cents in the same 1947 period.
Walter E. Heller g. Co. earned
s181, ATT or Al cents in the March
quarter VS.. $157,460 or 80 cents a
year earlier.
Wilson Products, Inc, net for the
March quarter was s72,274 or 4e
cents VS.. Sl38,540 or 80 cents in the
same 1947 period.
Kawneer Co. earned $157,548 or
81 cents in the March quarter VS.
S96,123 or 80 cents a year earlier.
Metropolitan Life Insurance Co.,
plans an apartment project at San
Francisco to house between 5000
and 10000 persons and to cost more
than 100000
New York Central Railroad noti-
fed stockholders that the manage
ment has no matter other than elec-
ton of directors and inspectors of
election to present for action at
the annual meeting May 26.
Alexander Smith e. Sons Carpet
Co. appointed William F. c. Ewing
executive vice president; Maitland l..
Griggs, vice president and treas
urer; Robert P. Ridges, vice presi-
dent and secretary and Harold c..
Zulauf, vice president for operations.
National Dairy Products Corp.
elected George H. Rutherford vice
president and A. S. Aronson treasur-
er.
Ford Motor Co. elected Graeme K.
Howard vice president and director
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