Evening star., 1943-11-26
Business Briefs

Business Briefs Il
y Record Retail Buying will advance
store volumes this year. to . new
peak of $50 600, COO 900, o gain Of 45,-.
loo, ,000, 900 over 1942 and 81, SOC, ,OOO,-
600 above 1941, the Commerce De-
parthent estimated. Most Of the
increase will result from higher
prices, but sales In constant dol
lars" will still be above 1912. al
though behind 1871, the Department
added.
Bank Clearings in % leading cities
totaled $S,718, ,063, 900 in the week
ended Wednesday, compared with
So, 1886, ,746,0 900 in the previous Armi-
stice Day holiday week, and were
205%o above $7,236, ,964 900 above the
like 1912 period, Dun & Bradstreet,
Inc, reported. Important city gains
over year ago: Atlanta, 1920;
Buffalo. 36.5%; Minneapolis, 305T !;
Houston, 26.1%; st. Louis, 1850.
Boston and Portland, Ore, reported
small declines.
Gasoline Stocks on November 20
totaled 1896 900 barrels, compared
with 8,610 900 In the preceding week
and "A, 745 900 year ago, the Amer
ican Petroleum Institute announced.
Indices of civilian supplies on the
Eastern Seaboard, compared with
normal, were: gasoline, 39.5%; kero-
sine, $780,; light fuel oil, 642%;
heavy fuel oil, 76.3T.
Bell Telephone Co. Of Pennsylva-
mia and Keystone Telephone Co. of
Philadelphia filed jointly with the
Pennsylvania Public Utilities Com
mission an application seeking ap-
proyal of the purchase by Bell of
Keysone's physical property for $l3,-
43l l,454. Bell would assume bonds of
Keystone, of which $1O,910,OOO are
outstanding and would pay the bal
ance in cash. FEC has approved the
proposal.
Blatz Brewing Co. will be sold De-
cember IS to Schenley Distillers
Corp. for $1,000 900, President Frank
M. Gabel announced. He will remain
as head Of the 92-year -old Milwau-
kee firm, which is producing 1000
600 barrels Of beer annually, its ca
pacity.
Freight Loadings in the week
ended November 20 totaled 1872 ,287
cars, a gain Of 41% from the pre-
ceding week and 5.4% above the like
l942 week, the Association of
American Railroads disclosed.
Celanese Corp. Of America an
nounced plans for erection of a new
IS 900, 900 plant near Corpus Christi,
Tex. 1t is expected to be in opera
ton late in 1914 and will be built
with private funds. It will produce
acetic acid, acetone, methanol and
formaldehyde and will be the firms
eighth plant.
The Atlanta & Charlotte Air Line
Railway was authorized by the ICC
to issue $15,000.000 of first mortgage
3% % bonds and $3.50, 1000 of second
mortgage 3a % bonds in connection
with the retirement of outstanding
obligations. The Southern Railway
was authorized to assume obligation
for the interest on the new bonds.
Lone Star Gas Co. proposal to
sell its Ell Paso. Texas. properties
to Southern Union Gas Co. for a
base price of $2,700,0O0 will be con-
sidered by the SEC at hearing De-
cember 8.
General Gas & Electric Corn. ap-
plication to pay out of capital or
unearned surplus q $125 dividend
on its IS prior preferred stock for
the quarter ended December Is,
1912, will be considered at an SEC
hearing December /. ..t o,
Hiram Walker Gooderham q
Worts. Ltd, earned $9,245,143 (Ca-
madam funds OF $12.03 a share in
the fiscal wear ended August 81
compared with revised net Of ST.
1852 or $9.07 share in the pre-
vious year ...--
George A: HORNED & Co. earned
$l,312 ,203 or 1854 a share in the
fiscal year ended October 81. COM
pared with $1,347,79s or $2.7l a
share in the preceding period.
Murray Corp Of America earned
81 ,3s1 ,165 or $1.46 share in the
fiscal year ended August 81, COM
pared with 81, 400 ,948 or $1.47 a share
In the previous II months.
Schenley DistilIers Corn. earned
SO ,235, $50 or 1864 a share in the As
cal year ended August 81, compared
with $6,730,641 or $4.62 a share in
the preceding year. A record out
put Of 68.400,00 proof gallons of
alcohol was delivered to the Govern
ment for war purposes during the
year. The firm also reported de-
velopment of a method for mass
production Of the drug, penicillin.
Santa Fe Railroad reported Octo-
ber net income of Sc, ,793, ,839 against
s11 ,315.7 723 in the same 1912 month.
Gross was $42,055,84 against $37,-
49,, ,488 a year ago.
Chicago, Milwaukee, St. Paul 4
Pacific Railroad Co. reported Octo-
Der net income Of 1854, ,086 against
81 1857 ,203 q year ago. Net for 10
months was SO, 1872 ,S4S against So
$50 ,975 year ago.
Illinois Central Railroad Co. re-
ported October net income of ST.
731, $50 against $3,007,237 in the
same 1912 month. Net for 10
months was $2o860, 1923 against $19,-
1899 in the same period last year.
Spencer Kellogg & Sons, Inc,
earned 81 ,493,652 or S2.93 a share in
the year ended August %, compared