Evening star., 1943-06-28
Business Briefs
Lost Man-davs of Work in Mar,

Loot "dH-udSS OI WORK In MarCn
arising from sickness, non industrial
accidents and personal reasons,
totaled 43,520000, compared with
39,320000 man-daYs lost for similar
reasons in February, the National
industrial Conference Board report
ed Average absenteeism in March
was g of day per man, compared
with 8 in February. For women.
| the March average was 13 days
against ID in the previous month.
Illness accounted for 5l.2~;. nom
industrial accidents IT. and per-
scnal reasons 471cc.
| A New Treasury Financing Drive
started today with a goal of $780,
! 100000. Treasury notes were offered
in six denominations, $500, $1,000
S5,000 $4,000. 100000 and s1.OOO,-
600. Designed to raise additional
funds in advance of the Third War
/ Loan Compaign scheduled to start
September 9, the notes bear IL q
/ interest and will not be redeemable
before September Is, l947.
Lower Commodity Prices were re-
flected by the McGill Commodity
| Service index, which stood at 1929
on June 25, compared with 1890 a
week earlier. The trend has been
downward through June High point
I CT 1856 was reached early in April
At the start of this year the index
stood at 1907 while year ago it
was 974.
A Merger Plan for Universal Pic
lures Co., Inc, and Universal Corp,
| approved by stockholders of both
! firms, has been filed with the Della
ware Secretary Of State. 1t provides
/ for the acquisition of assets and Ii
abilities Of Universal Pictures by its
| parent, Universal Corp, after which
the surviving corporation will be
known as Universal Pictures Co.,
| Inc.
Half day Vacations Every Week
for employees of retail stores, whole
| sale and service esta blishments in
six Midwest States, without any re-
i duction in pay, were approved by
the Sixth Regional War Labor
Board. States affected were Illinois,
Indiana, Wisconsin, Minnesota,
North and South Dakota The vaca-
ton season will end September Is,
l943.
Baltimore e. Ohio Railroad report
ed May net income of $4,014,415,
compared with S2,847 1863 year ago
/ Operating revenues totaled S30505,-
06O against S25,977 O92 in May, 1912
For the first five months of this
year, net income was S18, ,767
against $9,4l0,407 year ago, and
operating revenues amounted to
s145 ,320,O71 against $1l4022,364 a
| year ago.
New York. New Haven & Hartford
Railroad reported May net income
of S2,465, ,120, compared with $l,651,-
s22 year ago. Gross for the month
was S15378l50 against $12,848,537 a
year ago. Net income for the first
five months of 1943 was $9,833 ,654,
compared with S5.485 COS in the same
1912 period. Gross for the five
months was $72 2,292, ,266 against $685.
695.129 year ago.
Illinois Central Railroad reported
May net income Of 81 596,822 against
S2141 .593 in May, 1912 Net for five
months ended May 81 was S12 $50 239
against S7,657,647 in the same 1912
period
Celotex Corp. has named Chris
Christensen, former Dean of the
University of Wisconsin College of
Agriculture, vice president in charge
of postwar development. He has
been CeloteX director since March
1912 His resignation from the uni
versity post June Is ended IL years
of service.
American Home Products Corp.
has appointed w. o. Frohring, new
| ly-elected director, special technical
consultant to concentrate on re-
search and development work on
new products for introduction when
the war ends.
Sylvania Electric Products, Inc,
holders have approved reduction Of
authorized capital by retiring and
canceling $4,000 shares of AZ %
cumulative convertible preferred
| stock, $40 par value, none of which
is outstanding. The preferred was
called for redemption June S, but
prior to that date, all but about one
third of 10 of the shares were con-
verted into common stock.
Pennsylvania Railroad announced
promotion of H. A. Enochs, present
chief of personnel, to vice president
in charge of personnel, effective
July /. c. E. Musser. superintendent
| of tho Tahor and Wage P1Ireau at