Evening star., 1948-10-17
Business Briefs

dSSChScT xNFc shipments III Au-
gust totaled 6,575,964 castings VS.
6,559,976 in July-Rubber Manufac-
turers' Association. Production In
August totaled 5,768,614 passenger
castings, a gain of 4.579o from July
United States Sugar Purchases for
occupied areas and anticipated re-
ductions In crops may forestall a
serious world pile-up of surplus sugar
in 1949-Agriculture Department. 1t
acknowledged there is some fear OF
surplus problem in the Caribbean
Capital Airlines and Braniff Inter-
national Anyways were linked in talk
of a possible merger near the end
of the week. A Braniff Official at
Dallas said the proposal was not
beyond the talking stage.
Pennroad Corp. was reported plan
ming to sell the Detroit, Toledo &
Ironton Railroad to the Pennsyl-
vania Railroad. Pennroad owns
245 1923 of the 245,336 D.. T. & T.
shares and estimates their value at
$40 ,O00, 600. The proposed sale price
was not disclosed but Dow Jones
said reports indicated substantial
profit over the book value for Penn
road.
Bethlehem Steel Corp. announced
purchase of all outstanding stock OF
]. H. Weaver Co., coal operator,
which owns or has under lease 10000
acres of developed coal properties in
Pennsylvania and 1,400 acres in West
Virginia.
E. I. du POnt de NemOurs & Co.
had 94,557 stockholders on Septem-
ber 80, an increase of 313 since June
80 and a, gain of 3,573 from year
earlier.
Carolina Power G. Light Co. reg
istered with the SEC $4,000 COM
mon shares now owned by Electric
Bond & Share Co. for public offer
ing. Electric Bond asked permission
to sell the holdings to an under
writing group by negotiation.
Ex-Cell-O Corp. registered with
the SEC $1,000 shares of So par
common stock to be exchanged for
1900 shares of $40 par stock OF
Robins Engineering Co. Of Detroit.
No cash is involved.
Consumers Power Co. registered
49, additional shares of common
stock to be offered holders at the
rate of a new share for each nine
held. Commonwealth & Southern
Corp, a major stockholder, will buy
all of the stock except 46,099 shares.
st. Louis-San Francisco Railway
application for ICC permission to
acquire control of the Alabama.
Tennessee & Northern Railroad will
be given hearing November is.
Lehigh Portland Cement Co.
earned $5,093,57l or $5.36 a share
in IL months ended September 30
VS.. $3,246,752 or $3.41 in the previous
year.
Sharp & Dohme. Inc, net income
for IL months ended September 30
was S3,933,678 or $3,s5 VS.. S3,OS4 ,0O4
or $2.88 in the preceding fiscal
period. Net for the quarter ended
the same date was S1,306,911 or
S1.39 VS.. $1,151, 1897 or $120 a year
earlier.
Bayuk Cigars, Inc. earned $1,457,-
631 or $185 in nine months ended
September 80 VS.. $1,817,663 or $2.31
a year earlier.
REQ Motors. Inc. net profit for
nine months ended September 30
was $719,544 or SLAB VS.. $3,5OO,0l2
of $723 in the same 1947 period.
Superheater Co., exclusive of
Canadian affiliate, earned sl,6l9,031
in nine months ended September
80 VS.. $1,05S,437 a year earlier.
Pennsylvania Coal & Coke Co. net
income for nine months ended Sep:
tember 80 was $207,616 or SLIPS VS..
$3.50, ,448 or $152 in the same 1947
period.
Telautograph Corp. earned $751;
971 or "a cents in nine months
ended September 30 VS.. s127,694 or
Sc cents q year earlier,