Evening star., 1943-09-19
Business Briefs

Increased Business Activity In the
last week boosted the index Of the
magazine Business Week to ,3l2.4,
compared with 7l2.o in the pre-
ceding week, 212.0 month ago,
2oo.3 six months ago and 1877 4
year ago.
Vast Expansion in Aluminium Pro-
duction was revealed by announce
ment of Aluminium Co. Of America
that its $3.50, ,0o0, 900 plant building
program is rapidly nearing compile
ton. BY the end of this year, the
company's forging capacity will be
IS times its peacetime peak. The
1rm will turn out fabricated forms,
primarily used for warplanes, at 611a
to 13 times previous production. The
entire industry, including Govern
ment-owned plants and others, soon
will be producing or exceeding its
wartime goal of 2,100, ,oo0, 900 pounds
annually, the company added.
Missouri Pacific Railroad trustee,
Guy A. Thompson, received permis-
sion from Federal Judge George H.
Moore at st. Louis to spend ~, 4,274,-
11S for retirement Of five bond issues,
partial retirement of q sixth and
payment Of interest on these and
three other bond issues.
A New Tue Of Fighter Plane Is
being turned out at the recently
opened bomber plant at Cleveland's
municipal airport, Mai. Merle Arm
itage Of the Army Air Force an
nounced. The plant, operated by
the Fisher Body Division OF General
Motors Corp. will continue to manu-
facture assemblies for bombers but
they will be shipped elsewhere for
final assembly, Maj. Armitage said.
Wholesale Markets In the last week
showed moderate increase in actiy--
ity, Dun & Bradstreet, Inc, reported.
Buyer registration surpassed the
previous week considerably and at
the last Of Chicago's three fall marts,
attentAnce was especially heavy. Re-
ordering In apparel lines dropped on
somewhat, but heavy mail ordering
maintained sales volume above
year ago. In vaomen's lines, demand
for all types Of fall wear continued
very heavy despite the tight supply
and delivery situation.
Canada Now Ranks Fourth among
the largest producers of war supplies
and equipment among the United
Nations, according to Standard 81
Poor's Corp. Munitions production
Of $l,200, 900 900 in 1941 rose to
81, 800 900 900 in 1912 and is expected
to reach $3,430, ,000, 900 in 1913. It
is estimated that at least $50 OF
total national production and 70go
of the industrial output now are
being devoted to war purposes.
Chicago Pneumatic TooI =. Co.
earned 81 ,426,555 or 1871 q common,
share in six months ended june 80,
compared with $l,0E0, 400 or 32.14 4
share In the same 1942 period. For
the June quarter. net was $S7S,175 or
$2.10 4 share, compared with 1855 :.
All or .46 q share in the same
period last year.
Chtckasha Cotton Oil Co. earned
$536,32l or $2.10 4 share in the fiscal
year ended June 80, compared. with
$519, ,039, or $2.04 share in pre-
ceding year.
Lehn 4 Fink Products Corp. and
domestic subsidiaries earned SITS, ,o37
or $1.94 = share in the fiscal year
ended June 80, compared with $685.
182 or $l.62 share In the previous
II months.
Mullins Manufacturing Corp.
earned $305, AIS OF 81 cents 4 share
in SIX months ended June 50. Com
.parahle figures for ayrar ago were
not available. eEe ~a adj /.
Chicas. Yelisv cab Co.. Inc
earned $10e, ,153 OF ~ cents 4 share
in the June quarter, compared with
$eS,975 or 36 cents . share in the
same 1872 period. 4
Borden Co. in August acquired
23 900 shares of its capital stock and
issued 80 shares covering purchase
Of Soybean Processing Co., according
to data received by the New York
Stock Exchange. -. :
Industrial Rayon Corp. has named
Charles w. Garvin vice president in
charge Of sales to I'LL the vacancy
created by resignation Of George r.
Brooks. Mr.. Garvin has been associ-
ated with the company since 1887
and became vice president in l94l.