Evening star., 1943-12-06
Business Briefs

Looking Ahead to 1914, the Uni
ted Business Service expects busi-
ness volume for the year will be
lO% to 300 smaller than in l943.
Basing It's prediction on an antic-
ipated German collapse by next
Spring, the service believes activity
will remain high in the first quar-
ter, then decline sharply under the
impact of widespread war contract
cancellations BY fall, however,
completion of some reconversions
and the expansion of civilian goods
output should bring moderate re-
covery, it adds.
Hosiery Shipments in October to-
tailed l2560,863 dozen pairs, de-
cline of 45l026 from the same
month last year, the National As
sociation of Hosiery Manufacturers
announced.
United Air Lines announced ap-
plication to the CAB for permission
to serve % more cities on approx
mately 2050 miles of new routes
in the Industrial Midwest, East
and Canada. President w. A. Pat
terson said total United applica-
tions now on file would add 5,3O6
route miles to present lines II
granted.
Thompson Products, Inc, amend
ed its SEC registration statement
covering issuance and sale of As, 900
shares Of so cumulative preferred
stock of sl00 par value, fixing the
offering price at 3l03 a share plus
accrued dividends to September Is.
The underwriting discount will be 50
share. Smith Barney e. Co. and
McDonald-Coolidge Co. head a list
Of AZ underwriters.
Houston Natural Gas Corp. filed
with the SEC a registration state
ment covering proposed issuance
and sale Of 10000 shares OF cumu-
lative Sc $50 par value preferred
stock. Proceeds would be used to re-
tire 10000 shares OF 10 cumulative
preferred stock and provide addi-
tional working capital
Diamond T Motor Co. filed with
the SEC a registration statement
for the proposed issuance and sale
Of 2l,259 shares of it's authorized
common stock Of 50 par value. Pro-
ceeds would be credited to capital
stock and capital surplus accounts
Deep Rock Oil Corp. has called for
redemption on February Is $3.50. .OOO
principal amount of its 12-year 81
sinking fund.
Caterpillar Tractor Co. has COM
pleted arrangements for a $25 ,0OO,-
600 VT" loan to expand tractor
production at the War Departments S
request, the First National Bank
OF Chicago announced.
United States Plywood Corp
earned s403 ,4S7 or s1.36 a share in
six months ended October 81. COM
pared with S339 $50 or 81 80 a share
in the same 1912 period.
Ell Paso Natural Gas Co. earned
s2,O77,43l or 1928 share in IL
months ended October 81. compared
with S2,l09,875 or 1888 a share in
the preceding year. For October
the company reported a balance for
common dividends and surplus,
after all charges, of $1351l4 or ~
cents share. compared with sl88.-
ll2 or 81 cents share a year ago.
Texas Power & Light Co. reported
net income of s2.719,741 in II
months ended october 81. compared
with sl,7l1,24l in the preceding IL
months.
Washington Water Power Co,
earned S3,193,010 in II months
ended October 81, compared with
s2,35S ,2S1 in the previous year.
Carnation Milk Co. declared an
extra dividend of 81 common
share. payable December 20 to hold
ers Of record December IA. A quar-
terly dividend of ST on the preferred
and semi-annual dividend of so
cents on the common also were
declared, both payable January 3
to holders of record December IA.
American Water Works e. Electric
Co.. Inc, has filed with the SEC a
request for permission to donate
SAL. 900 to Commonwealth Water &
Light Co., subsidiary. by cancella-
ton of the latter's open account in
debtedness.
American Airlines, Inc, announced
appointment of r. w. Baker as
Eastern superintendent of reserva-
tions and ticket Offices with head
quarters in New York. Mr.. Baker
has been superintendent of reserva-
tions and ticket Offices in the Ma
tional Capital He will be succeeded
here by Donald Urquart.
B. F. Goodrich Co. has named H.
E. Van Petten manager of the ad-
vertising division. He succeeds