Evening star., 1944-10-22
Business Briefs

General Business Activity is ex.
panding, according to the index o.
Business Week, which stood at 230.,
In the latest week, compared with
2303 in the previous week, 1908 6
month ago, 1884 six months ago anc
240.7 year ago.
Wholesale Business picked uI
fractionally in the last week as buy
ers attempted to fill out depleted
seasonal lines, reported Dun &
Bradstreet, Inc. Openings Of spring
and summer apparel lines, in some
cases two to three months ahead
of schedule, also stimulated activ-
ity.
Lumber Production in eigh
months of 1914 totaled % ,406, ,421 ,OOG
board feet, a drop of 2.4%d from q
year ago, the WPB revealed. Au-
gust output of 3,208 ,339 900 board
feet was 1887 above the previous
month.
State and Municipal Financing
scheduled for the coming week to-
tails $50. .048,3 ,375, compared with $685.
O96 500 last week and weekly av-
erage for the year to date of $2l,-
AL ,562, the Daily Bond Buyer dis
closed.
American Airlines, Inc, directors
approved an increase in authorized
common from 1000 900 shares OF
$40 par to 100000 shares of SIS
par to provide for 2-for-1 split up
Stockholders will vote December 6
The firm has called $4,000 shares OF
$4.25 cumulative preferred for re-
demption January IS, 1945. They
are convertible into common at SIC
a share.
Potomac Edison Co. invited bids
to be received october 81 on $16,-
SSl, 900 first mortgage, collatera,
trust 3K%6 bonds, due 1874, te
finance redemption of $11 ,981 900 oil
series B SO bonds at los and S.
100000 of series F Az % bonds al
1o7.5. The SEC has approved.
Tubize Rayon Corp. plans public
offering of 10000 shares of AZ %
preferred stock of 500 par value
through syndicate as soon as the
SEC registration becomes effective
E. I. DUPONT de Nemours l. Co
in preliminary report, placed COM
mon stock earnings for 8 months
ended September 30 at $469 a share
VS.. $3.49 a year ago.
General Electric Co. net for 9
months ended September 80 was
$31 ,705 ,839 or $l10 a share VS.. S3l,-
1888 or $l09 in the same 1874:
period.
McKesson g. Robbins, Inc, earned
81 OIL 200 or SIS cents a share in the
September quarter, compared with
81 .266 ,443 or 10 cents in the same
1943 period.
Acme Steel Co. profit for the Sep.
tember quarter was $495,55 OF
sl.5l share VS.. s4S3,9O2 or sl.4I
a year ago.
Westinghouse Air Brake Co
earned sl.497,124 or Al cents share
in the September quarter, compared
with $1,107 .929 or IS cents In the
same period last year.
Beech-Nut Packing Co. net for 6
months ended September 30 was
81 800 ,036 or $416 VS.. $l,988, 1866 OF
$4.55 year ago.
Rheem Mfg. Co. issued a corrected
report for 9 months. showing profit
Of $1,003. .701 or $136 vs.. 1885 O,
$2.04 a year ago.
Sharon Steel Corp. earned $475,-
1872 or "a cents a share in 9 months
ended September 80, compared with
81 200 .347 or $25l in the same le4s
period.
Bayuk Cigars, Inc, net for s
months ended September 80 was
1922 1886 or s235 share VS.. ST.
o22, ,432 or $3.50 a year ago.
Erie Railroad reported net income
Of IS .468 ,627 or $161 a share in 9
months VS.. $8,091 ,459 or s268 In the
same period last year.
Transcontinental & Western Air
Inc, named Edward o. Ireland as
sistant director of cargo sales.