Evening star., 1943-12-11
Business Briefs

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tation will come after the war &C.
cordlng to President w. A. Patter-
son OF United Air Lines, who told
Chicago conference he expected
business would grow to five times
the best prewar year within the
frst flve years after the conflict.
Crude Petroleum Stocks on De-
cember totaled 41,165,0 900 barrels,
a gain of 1,404,0OO from a week
earlier, the Bureau of Mines report
ed. Domestic crude increased ,346,-
600, while foreign crude increased
$1,000.
Municipal and State Financing
scheduled for next week totals only
$2,672. 500, compared with $l9.24o.-
555 in the current week and an
average of s15,471 ,221 a week for the
year to date, the Daily Bond Buyers
declared. Newport News. Va, on
Monday will sell $35O,000 water
works bonds.
Higher Wholesale Prices in the
last week were reflected by the As
sociated Press index of 35 commod-
tiles, which stood at 1o70leo of the
1926 average yesterday. compared
with 106.22 a week earlier and
l0l.91 year earlier.
Cotton Textile Business picked up
slightly in the last week as Worth
Street factors secured small mill re-
leases of print cloths. sheetings and
canaburgs for nearby and first
quarter delivery. Most business was
on high priorities and left the large
pressing inquiry of civilian orders
practically untouched, at least until
the end OF the year, when some
hoped the supply situation would
ease
Heavy Grain Consumption left
only seven States this year with
more livestock and poultry feed
than was required by the animal
population within their own bor-
ders, the Agriculture Department
revealed. Last year 10 States had
surplus supplies. Surplus producing
States this year were North and
South Dakota. Nebraska, Minnesota,
Iowa, Illinois and Indiana. Besides
these, Wisconsin, Michigan and
Ohio were listed last year.
Consumption of Beef and Veal in
the first eight months of this year
was about five pounds per person
lower than a year ago. the Agricul-
ture Department estimated. In
cluding shipments to the American
armed forces. but not lease-lend.
consumption averaged 20. 70 pounds
in the eight months, against 35.l8 a
year ago
Eastern Air Lines, Inc, earned
81, l53, ,46l .08 or S367 a share in nine
months ended September 80 COM
pared with S2,050,3l5.S7 or s3.49 a
share year ago Provision was
made for Federal income tax, but
not for excess profits tax.
United Air Lines reported revenue
passenger miles in November to-
tailed 32,l48400, a gain of 42G over
22,7O5,939 in the same 1912 month.
Airplane miles totaled 2.028. .18O, a
gain OF 26eo over 1,6l4O3O a year
ago.
Hiram Walker Gooderham g.
Worts, Ltd. announced organization
OF Dlstilerias Hiram Walker g. Sons
IN Argentina. Arrangements have
been completed for acquisition of
Mattaldi-Simon. Ltda.. described as
the only important grain distillery
properties in the country. H.
American Box Board Co, apnljca
ton to withdraw its ST par value
common stock from listing and regis
tratlon on the New York Curb Ex-
change was granted by the SEC.
effective December 20.
international Statistical Bureau.
Inc. announced that DR.. Charles A
R. Wardell, chief of the current
business analysis unit of the De-
partment of Commerce. has resigned
to JOIN the bureau as director of
economic research.