Evening star., 1943-06-29
Business Briefs

HAPSItS 40 oCCll Ny Gllc wall StItSG
Journal. ANY one who knows how
to apply the complex Federal tax
laws and regulations-acc
lawyers, the writer's of tax guide
serVices-shares the boom created
by wartime revenue legislation. The
result is manhunt by business to
bag an expert. One larger New
York City bank has increased its tax
staff from 80 to SO and would add
a score more if it could find quail
fed men," the Journal stated.
Business Failures in the week
ended June "A declined to so, COM
pared with 78 in the previous week
and 1913 in the same period a year
ago, Dun & Bradstreet, Inc, re-
ported.
Slightly Lower Wholesale Com
modify Prices in the week ended
June 26 were reflected by the Ma
tional Fertilizer Associations index,
which stood at 1850, compared with
1851 week earlier. A month ago,
the index was 1857 and year ago
1918, based on the l935-1939 aver
age as 100.
Nearby Farm Wages Are Far
Above a Year Ago, the Department
of Agriculture revealed. Maryland
farm wage rates on June l averaged
$46.75 a month or $2.70 day with
board, compared with $36.75 month
or $l.95 a day a year ago. Without
board the rates were $69 a month
or $3.45 day, compared with $54 a
month or $3.50 a day a year ago.
Virginia wage rates on June l were
$38 a month or S1.90 day without
board compared with $50 a month
or $1.50 day year ago. Without
board, Virginia rates were $54 a
month or $2.45 a day. against s48
a month or $1.95 a day year ago.
Bad News For The Enemy is the
announcement by WHY'S s-Overland
Motors, Inc, of the development of
a device so effective for testing fuses
in antiaircraft shells that rejection
of fuses has dropped from an origi-
nal figure of 20 per cent to one
tenth of l per cent.
More Artillery Shells are being
made with less steel under new
methods developed by Pullman
Standard Car Manufacturing Co.,
Vice President Wallace N. Barker
said. The new process, available to
all American manufacturers, saved
$4,000 tons of steel in the Pullman
Standard shell plants alone up to
the end of 1912, Mr.. Barker adds, or
enough to produce 526,4OO addi-
tional shells.
Mueller Brass Co. earned $303, 1874
or $1.14 a share in three months
ended May 81, compared with $685.
612 or $1.37 share in the same 1912
period.
Lionel Corp. earned S414,827 OF
$3.50 share in the fiscal year ended
February %, compared with 1881, 1885
or $2.12 a share in the preceding
year.
United States Plywood Corp. and
subsidiaries earned $814,406 or $3.14
share in the fiscal year ended
April 30, compared with 1892 ,829 OF
$685. share in the preceding year
Kroger Grocery & Baking Co. sales
for four weeks ended June 10 totaleo
$32, 1889 ,401, a gain of 1870 over $780,.
018,265 for the same period last
year. Sales for the first six periods
of 1943 totaled $194,838, ,044, a gair
of 1870 over $167,O81 ,O31 for the
same 1942 period.
South Carolina Electric & Gas Co
request for permission to issue $780,
100000 worth of first mortgage bonds
will be considered at an SEC hear
ing scheduled July IL. South Caro-
lima proposes to issue the bonds
dated July l, 1943, with a maturity
date of July l, 1878, for the pur-
pose of refunding certain bonds
which will be outstanding after the
consolidation and merger of Lexing-
ton Power Co. and South Carolina
Electric. The merger is expected to
become effective July rs, 1943.
United Air Lines Transport Corp.
has elected Paul G.. Hoffman, presi-
dent of Studebaker Corp, to the
board 0f directors.