Evening star., 1943-11-07
Business Briefs

I1ghter Government Controls over
distribution and decline in general
business activity will result from the
loss of 100000 or SO tons in the
coal strike, commented the magazine
Business Week. It's index of busi-
ness activity in the latest week stood
at 1881, compared with 1898 in The
preceding week, 237.7 month ago,
1925 six months ago and 216.1 q
year ago.
Wholesale Food Activity expand
ed in the last week as larger
amounts of canned foods and fresh
produce and higher prices con-
Itributed to gains over 1912, Dun 8s
Bradstreet, Inc, reported. Fresh
fruits and vegetables were active;
canned tomato supplies were short:
dried fruit offerings were small.
The new pack shrimp volume was
good. In CHER lines, trading was
confined to filling orders placed
earlier.
An ALLEGATION System for Cotton
Textiles is being considered in trade
circMs as a result of unheeded civil
ian demand Mill production sched-
ules are tied up to considerable ex-
tent on heavy backlogs of orders for
military purposes and steady flow
of new business from Government
Iagencies is reported.
Highest Bank Earnings Since 1881
will be recorded this year, predicted
Standard & Poor's Corp. Substan-
TALLY higher than last year, they
are expected to expand further in
1914 Capital funds are growing, but
as deposits are expanding at a much
faster rate, conservative procedure
suggests that dividends generally
will remain unchanged, the statisti-
cal agency added.
Trade i'm the National Capital, in
Guiding retail sales and services,
will approximate $87,100000 in De-
cember, gain of 81Gs per cent over
a year ago, the mazagine Sales Man.
/ agement predicted In dollar volume,
the estimate for the Capital was
exceeded by those for only five cit
les in the Nation New York, Chi
cago, Detroit, Los Angeles and Phil
adelphia. However, its gain over a
year ago was the smallest of the six.
The anticipated average gain of the
200 leading cities was 86oe.
Opposition to Food Subsidies in
business circles was high lighted by
this terse comment from the Com
mercial & Financial Chronicle:
What an ideal solution, politically
speakingl The farmer gets his, the
housewife doesn't have to pay the
piper-directly. A few billion added
to the public debt-but the voter
may not notice this!"
Crude Petroleum Stocks on Octo-
Der 80 totaled 237,219000 barrels, a
net increase of 1921, 900 from a week
earlier, the Bureau of Mines dis
closed. Domestic crude increased
1,159,000, While foreign crude in
creased $1,000.
Nine Municipal Issues Scheduled
for sale in the coming week aggre-
gate S5,586 900, the Daily Bond
Buyer reported. The Wisconsin An
nuity and Investment Board will re-
iCtLNC DIOS uCSudy lOI ,OUO
worth of Detroit securities. On
Wednesday, the Washington Sub
urban Sanitary Commission will sell
S1500,000 water bonds maturing
serially 1944-1983, and Cleveland
will seek bids on s1,O25,0 900 bonds
due 1945-1954.
| Southern Colorado Power Co,
o civ Aaa ts1,>
plan were approved by the SEC, in
cluding the refunding of $6,763 400
principal amount Of series A So
first mortgage bonds, due 1947 The
issue will be redeemed at 1927 plus
accrued interest with proceeds from
sale of s5,500000 Of first mortgage
bonds, due 1868, and s1,200,OO0 o.
serial notes, together with treasury
i funds. Il
Amerada Petroleum Corp. earned
S1,016.33 or S129 a share in the
September quarter, compared with
s762,817 or 81 cents a share In the
same period last year.
American Gas G. Electric Co
a earned sl2 ,662 ,687 or S2.44 share In
: y months ended September 30, com
pared with Sl0,726,263 or s20l q
share in the preceding year
Nehi Corp. earned S769, 9,420 or II
cents share in nine months ended
September 80, compared with $685..
S 555 or SO cents a share in the same
Il 1912 period.
Pepsi-Cola CO., and subsidiarie.
e other than British, earned s4,925 ,00t
IgI or $3.50 share in nine months end.
n ed September 30. compared with s4,.
d 9l5.000 or $3.50 a share in the sam.
:: 1912 period.