Evening star., 1948-04-05
Business Briefs

Exchange Member Borrowings or
March 81 tota1ed $272. .317,1 ,195 vs.
1921 1,l48,135 a month earlier-NeW
York Stock Exchange. Included ir
the latest total was 6S.5o2 800 bor-
rowed with Federal obligations a.
security. =
Ford Motor Co. has started ship
ping complete assemblies for some OF
its 1949 model Fords to branch
plants, indicating that the new
models will be assembled well ir
advance of the six weeks 1t was ex.
pected the model change over Woulo
require.
swift a. Co. announced 1t will
register with the SEC $l0,000,000 OF
one to 1o-year serial debentures ano
$25,oO0, 900 of 25-year term deben-
lures to increase working capita
and finance expansion.
National City Bank reported de-
posits in the bank and its affiliate
CITY Bank g. Farmers Trust Co.
totaled $4,617 900, 900 on March 81
VS., $4,993, 100000 three months
earlier and 4,754,o0o,o00 a yeal
earlier. Net income in the first 194e
quarter was s4, 1865 1853 or 78 cents 9
share VS.. $7,223,131 or SLIT In the
same 1947 period.
Brown Brothers Hartman e. Co
deposits on March 81 totaled $198.-
452,741 VS.. 1922 ,66S,177 three months
earlier and $221, lot, 7,3N a year
earlier.
Chesapeake 4 Ohio Railway re-
ported freight loadings in the first
1948 quarter totaled 666,315 cars
VS.. 73s,005 in the same 1947 period
March loadings we're 1897 below
year earlier because Of the coal
strike. In the week ended March
27, they were 1857, behind a year
earlier.
Consolidated Retail Stores sales
in March totaled s3,408,195, gain
of 1857 from year earlier; In
three months, s7,840,772, an increase
Of 6.3R.
Neisner Brothers. Inc, sales for
March totaled s4,911, ,594, jump OF
362To from a year earlier; for three
months, $11,191,716, a rise of 24%.
Sears, Roebuck & Co. announced
the sale of eight stores to Equitable
Life Assurance Society. They will
be leased back on a long-term basis.
United Corp. Of Delaware earned
41,332,619 or 3 cents share in
three months ended March 81 VS.
kp71 31H a war earlier
Hudson Bay Mining & Smelling
Co. net income for 1947 was $12,-
sos, ,4e3 or s454 VS.. s8,855,07S or
1921 in 1916.
United States Printing & Litho-
graph Co. earned $2,72o.768 OF
1854 in l947 VS.. $2,024,5l5 or $ll4s
In the previous year.
Copperweld Steel Co. net. for 1947
was $l,546,711 or Sass VS.. $439, TT
or SO cents in 1916.
United Drill g. Tool Corp. earned
$1,280,1S6 in 1947 VS.. $1,s67 7,264 ir
the previous year
Outlet Co. profit for IL months
ended January 81 was $972,707 OF
ss.78 VS.. $1,219,8 1862 or $1227 in the
preceding fiscal year.
Parmelee Transportation Co
earned $743,4l5 or $l.03 in 1914
VS.. $2,124,320 or $2s4 in the previou.
year.
Pennsylvania Coal e. Coke Corp
net for 1S47 was $489, ,459 or $297 VS.
o deficit of $67 $50 in 1916.
Regal Shoe Co. earned 1915, ,444 o.
rs cents in 1947 VS.. $433,963 or 9.
cents in the previous year.
Remington Arms Co. elected Max
well r. Warden a vice president.
Sheffield Corp. has elected Oscal
A. Ahlers vice president.
Corn Products Refining Co. elect
Cd John w. Scott, jr. controller.
National Biscuit Co. appointed
Albert T. Bullock secretary -treas
urer, Charles s. Webster controlle
and Frederick r. Brodesser genera
auditor.