Evening star., 1943-12-07
Business Briefs
In Two Years Since Pearl Hart

D
cred nearly $4,000, 900, 900 worth of
was products and currently is oper-
ating at level of more than $l0,-
600 0O00,0 900 annually, the Automotive
Council for War Production an
nounced. At the same time, Presi-
dent G.. E. Wilson of General Mo-
! tors Corp. revealed the company's
ll6 plants have turned out S5.0OO,-
100000 worth of war materials in
/ the two years and now are produc-
ing at a rate Of sl2,500O0O a day.
| More Than 1000 Production Rec
ords were shattered by subsidiaries
of United States Steel Corp. in turn
| ing out 60000,000 tons of steel in
the two years, said Irving S. Olds,
chairman of the corporation. Big
Steel alone has shipped more than
81 100000 tons Of ore from the Lake
Superior district since December 7,
194l, and for five consecutive
months this year, these shipments
broke all previous records for those
months. Ships, bombs, shells and
castings, landing mats, tanks and
armor plate were among the many
important products turned out by
the corporation.
Bank Loans in 10l loading cities
on December totaled S6.379 900 900.
a decline Of s44 900 900 from a week
earlier and s6l 100000 below a year
ago the Federal Reserve Board re-
ported. Holdings of Government
obligations tOtaled S3734l 900 900. a
drop of S36 100000 from a week
earlier. but Sl2.533 100000 above a
year ago, Government deposits de-
clined 1902 900, 900 in the last week.
while demand deposits -ad justed rose
s450,0OO 600
Crude Oil Production in the week
ended December averaged 4.395,-
255 barrels day a decline OF II .095
daily from the preceding week. the
Oil & Gas Journal estimated Texas
output showed the sharpest drop
Oklahoma, Kansas and eastern
fields recorded smaller declines.
/ Lumber Stocks held by saumills
at the end Of September totaled
1851 000 900 board feet. a drop Of
around l.3200000O0 since the first
Of the year the WPB found in a
survey. Sharpest declines were in
the East.
F. w. Woolworth Co. sales In No
vember totaled s3s43e,7l0 against
s36,379 927 year ago, a gain of
56or, Sales in II months were
s377 7,245,125 against $35se7e .5o4 a
year ago, an increase OF So.
Montgomery Ward Il Co. sales
during November totaled $64 4,452,35
against $68 1895 1894 a year ago, a de-
cline of 5.8oe, For 10 months ended
November 80 sales were s529, ,l64 687
against s547 ,886943 a year ago,
drop of 34ce.
W. T. Grant Co. sales in Novem-
Der totaled Sl4 969, ,025 against sl4,-
379879 year ago. a gain of 40.
Sales in eleven months were Sl40,-
1863 800 against Sl28 ,662 .662 .382
year ago, an increase of 81.
$. $. White Dental Mfg. Co. earn
ed S527 657 or SLIT share IN nine
months ended September 80. COM
pared with 1915 $50 or sl26 a share
in the same period last year.
Monogram Pictures Corp. earned
s54057 or l3 cents a share in l3
weeks ended September 25, COM
pared with S30.73 or cents a share
in the like 1912 period.
First National Stores, Inc, earned
| s565, ,699 or SO cents a share in IA
weeks ended October 2, compared
with $591l76 or u cents a share
year ago.
American Cable & Radio Corp.
earned Sl,389,503 in nine months
ended September 30, compared with
revised net of S658 963 in the
same 1912 months.
Industrial Rayon Corp. declared a
dividend of so cents share. pay
able December % to holders of rec
ord December II, bringing 1943 pay
ments to 81 share. or so cents
share below 1912 when a year end
extra was declared.
National Candy Co. declared
quarterly dividend of so cents a
share on the common. payable
January to holders of record De-
cember 13 The years dividends
will total 81 against 81 in 1912.
Air Investors. Inc. declared a
| dividend of $ll0 on It's convertible
preference stock. payable December
% to holders of record December IA.
Payments this year will total 81
against 80 cents last year.
United Aircraft Products Corp.
declared a quarterly dividend of 25
cents on the common, payable De-
/ cember Is to holders of record De-
/ cember II. No extra dividend was
declared as in previous quarters.
WHY'S Overland Motors an
nounced election of Ward M Cana
day as president to succeed Joseph
w. Frazer, who resigned Septem-
ber 30.
st. LOuis-San Farncisco Railway
trustees petitioned United States
District Judge George H. Moore at
st. Louis for authority to spend
$2,483, ,l62 in 1914 for additions and
betterments to the road and to sub
sidiary lines.
Consolidated Electric e. Gas Co.
prposal to sell the Raleigh IN. c.
Gas Co. to Charles B. Zeigler of
Gastonia, NJ C. for s21I87O was
approved by the SEC. Proceeds will
be used to purchase bonds of Fed
Grated Utilities, Inc, for retirement.
Ohio Public Service Co. plan to
acquire 100000 shares of Marion
Reserve Power Co. SIS par value
common stock from Manufacturers
Trust Co. of New York for S2,5O0.OOO
will be considered by the SEC at
a hearing December II.
Philoo Corp. declared a year end
dividend Of Is cents share on the
common, payable December q to
holders OF record December II,
hviroivar or'e