Evening star., 1943-05-07
Business Briefs

Raising Nearly Five Times Their
Quotas in the recent war bond drive,
commercial banks subscribed for
1890, ,422,000 worth of 2 per cent
Treasury bonds, Secretary Morgen-
thau announced. The allotment was
s2,109, 1872 900.
Opposed to Used-Car Ceilings,
dealers of the Chicago, Kansas City,
Dallas, Atlanta and st. Louis areas
declared the Government proposal
was impractical. The regulation
would govern person o-person as
we'll as dealer sales, but the auto
mobile men declared there could be
no control over transactions among
individuals. They declared owners
would demand the maximum price
in sales to dealers, leaving them no
margin for resale on an "as is" basis.
A proposed 1870 mark-up for re-
conditioning was termed too low.
How About Private Enterprisec
Frederick c. Crawford, president of
the National Association of Manu-
facturerS said that uncertainty over
the Governments attitude on this
question was the greatest threat to
prosperity" in the postward period.
Churchill inspired British conf
dence in the postwar outlook by
publicly rejecting any thought of
complete over-hauling of English
economy he said I'VE need
Churchill-like statement from our
chief executive, statement of the
bedrock on which we intend to build
the future"
Brokers Loans on securities held
by member banks in New York City
totaled $3.50, 100000 in the week
ended Wednesday, drop of S66, 6,000,-
600 from the preceding week. A year
ago, these loans totaled 1886 900, 900.
Steel Payrolls Set a Record of
$136,8l3,000 in March, compared
with $122,759,000 in February and
$116, ,998, 900 year ago, the Amer
lean Iron & Steel Institute reported.
Employment increased from 635, 900
in February to 637 900 in March and
compared with $4,000 in March last
year. Employees worked an average
OF 42.2 hours a week in March,
against 416 in February and 1871
year ago.
Green Bug Damage Is Increasing
in the Southwest, said J. F. Meyer,
secretary of the Kansas Grain, Feed
& Seed Dealers Association Gar
dens are being attacked as we'll as
wheat and oats. Most fields in the
Dodge City area show infestation.
Farmers are worried.
Montgomery Ward & Co. reported
April sales of S6O.655,8 1926, a S5.3To
gain over $57,6O4,275 a year ago.
Three months sales totaled S154.-
291,784, up 1.9 % from Sl51, ,429, ,627
in the same 1912 months.
Paramount Pictures, Inc, earned
S3,560,000 or SO cents a share in the
first quarter, against $2,915 900 or "a
cents share year ago.
Burlington Mills Corp. earned ST.
864258 or $195 a share in six
months ended April 3, against ST.
721, SOC or $2.44 a share on a smaller
number of shares year ago.
Corp. earned $926,972 or 80 cents a
share in the March quarter, against
$627, ,698 or so cents share a year
ago.
General Steel Castings Corp.
/ earned $852,414 or 1882 preferred
share during the first quarter, COM
pared with $765,327 or $7.65 a pre-
| ferred share year ago.
Yellow Truck g. Coach Mfg. Co.
earned $969,951 or "a cents share
on the common and class B stock
in the March quarter, compared
with $1,513,514 or AZ cents a share
on the two stocks in the same 1912
period.
Norfolk & Western Railroad re-
ported its average daily mileage per
car in March was 1888, compared
with 56.68 in February and ATT a
wear ago