Evening star., 1948-02-22
Business Briefs

United States Markets Will Be
Closed Monday in observation of
Washington's birthday. Some live
stock markets will be open as usual.
British, Canadian and other foreign
exchanges win be open.
No Major Labor Disputes are ex-
pected this year in the automobile
industry, according to David j.
Wilkie, Associated Press Automobile
Editor. The industry also expects
more sheet steel and other mate
rials. This adds up to an almost
certain new production record for
1948, Mr.. Wilkie writes.
i Cotton Textiles Dealings at New
York this week logged along at a
slow pace. Both mills and buyers
were waiting on the sidelines for a
clearer picture Of retail trade pros
poets. Business was mainly in the
second -hand market where print
cloth prices slumped further. They
sold as low as 1914 cents VS.. 50
cents in December.
Gerber Products Co. declared a
1O0To stock dividend, payable March
30. This will boost outstanding
stock to 1000 900 shares from SOC, 900.
The stock is not listed and is held
mainly by company officials.
Atlas Corp. announced it had
acquired a heavy investment in
Barnsdall Oil Co. Net assets at the
end of 194T totaled $50, ,294,157 or
$3O0l share VS.. $74,388, ,O66 or s36.06
year earlier.
Chrysler Corp. reported net in
come for 1947 was SGT 7,l81 ,22l or
s7.72 a share VS.. s26, ,8Ss ,289 or $6.S7
in 1916. Sales totaled 81 1862 ,626. ISL
VS. $370,000,412. President Keller
said that unless cash balances can
be accumulated from current opera
tions, the ultimate plant replace
ment problem will have to be met
by capital financing. Depreciation
reserves now stand at $130. .513 ,952,
but replacement cost has been
boosted to $685., 100000 by higher
prices.
Chesapeake & Ohio Railway
earned 81, ,9O9, 1868 or "a cents a share
in January VS.. $3,S83,4l1 or so cents
a year earlier.
Worthington Pump e. Machinery
Corp. profit for 1947 was s6,056, ,370
or s1759 VS.. $3,605, ,238 or $10.60 In
1916.
First National Stores net increase
for three months ended December
" was $1,514,685 or $1.S5 VS.. ST.
482.171 or s181 in the same 1916
period.
American News Co. earned So
852,051 or s4.57 in 1947 VS.. $4 ,227 800
or $500 in the previous year.
. Goodyear Tire e. Rubber Co. Of
Canada reported net income of So
931 ,248 or $1404 in 1947 VS.. 81 $780,
o13 or $40 in 1916.
American Gas & Electric Co.
earned $19,447,990 or SALT in 1947
VS.. $18,248, ,306 or 1919 in the pre-
vious year.
Philip Carey Mfg. Co. profit for
1947 was $2,806, ,692 or $341 VS.. 81
149,411 or $2.58 in 1916.
Sidney BlumenthaI & Co. earned
$500, COS or $109 in 1947 VS.. 81 ,49O,-
395 or $6.11 in the previous year.
Oxford Paper Co. net income for
1947 was $2,990, ,906 or $6.52 VS..
$1,842,545 or 1851 in 1916.
Bliss & Laughlin, Inc. earned
ST, TAO, 1888 or 1928 in 1887 VS.. 81, ,020,-
731 or $1.91 in the previous year.
General Finance Corp. net for II
months ended November 80 was
$1,085, ,071 or 95 cents VS.. a deficit of
$445 1922 in the preceding fiscal
period.
Merchants l. Miners Transporta-
tion Co. reported a loss OF S406, ,341
for 1947 VS.. a profit OF s1,5a2, ,o79 or
1852 in 1916 when 81 1928 1866 of nom
recurring profit was included.
Pittsburgh Plate Glass Co. sales
in 1947 set a new record of $262,-
529, ,489, a gain of around 42% from
the previous year.
Cities Service Oil Co. has acquired