Evening star., 1944-10-13
Business Briefs
Retail Buyins continues br,sk


the last week, especially for seasonal
merchandise, with sales estimated
80 to 149o above year ago, Dun &
Bradstreet, Inc, reported.
Bank Clearings in "a leading cities
declined to $9,049, AL 600 in the
week ended october IL, compared
with $10,536, ,545 900 in the previous
week, but were 27.1To above $7,118,-
265,000 for a 5-day week a year ago
Freight LOadings. in the week
ended october 7 totaled BIT ,942 cars,
a drop of $3.50 from the preceding
week and 3.l% below the like 1943
week, the Association of American
Railroads announced.
Crude Oil Production declined to
4,691 $50 barrels a day in the week
ended October 7, compared with a
record of 4,762 800 daily in the pre-
vious week, but was well above
1880 300 daily in the corresponding
week last year, the American Petro-
leum Institute revealed. Gasoline
production declined, but stocks in
creased substantially.
Southern Pacific is studying a plan
to refund not more than $40, 900 900
OF non-callable Central Pacific Rail-
way first refunding mortgage bonds.
due 1949, of which $88, 8,211 600 are
outstanding.
American Tobacco Co. registered
100000, 900 80 debentures with the
SEC. Proceeds will be used to pur-
chase leaf tobacco. Morgan, STAN
ley d Co. heads a syndicate of 148
underwriters.
Pacific Gas & Electric Co. regis
tered $1l5 100000 80 bonds with the
SEC to finance retirement of S115.-
100000 334%o bonds on January /.
Blyth & Co. heads a proposed under
writing group.
Philadelphia Electric Co. plan to
sell $130,000,000 2349o bonds at COM
petltlve bidding was approved by the
SEC. An exemption from the bid
d1ng rule was denied recently.
United States Potash Co. regis
tered with the SEC $4,000 common
shares, which will be sold by Borax
Consolidated, Ltd.
Federal Machine g. Welder Co.
registered 100000 of 15-year 5%
debentures with the SEC. Proceeds
will be added to working capital.
Lionel Corp. registered with the
SEC 52,714 of $40 par value common
stock to be sold by stockholders who
are members of the family of Mario
Caruso, secretary treasurer.
Mathies0n Alkali Words, Inc.
earned $828,801 or IS cents share ir
9 months ended September 80, com.
pared with $1,015 ,626 or $lO8 in the
same 1943 period.
Consolidated Vultee Aircraft Corn
received a new $25, 100000 contract
for construction of four engine Navy
Liberator bombers.
General Electric Co. will manu-
facture 9 hydro-electric turbine
generators for the Dneprostroi plant
in Russia, to replace installations
destroyed by war.
Columbia Gas G. Electric Co. sold
common stock and notes of the Gin
cinnati, Newport & Covington Rail-
way Co., subsidiary, to Charles
Allen of New York and Irving K
We'll of New Orleans for 1900 600
International Salt Co. will launch
an intensive advertising campaign
for Sterling package salt.
Boston Stock Exchange, founded
by 13 men celebrated its 10th BIRTH
day today-Friday, the 18th.
National Restaurant Association
reelected George r. LIE Savage OF
New York president. j. w. Marriott
OF Washington was renamed third
vice president.
National Tube Co. appointed
Walter H. Wiewel assistant to the
president in charge of planning and
development of future markets and
facilities for production. Mr.. Wiewel
was formerly with the WPB here
Kansas City Southern Railway
announced merger of its legal de-
partment with that Of the Louisiana
& Arkansas Railway under the d.
rection Of Frank n. Moore, vice
president.