Evening star., 1944-12-10
Business Briefs

General Business Activity has in
creased slightly, according to the
index of Business Week, which stood
at 23l2 in the last week, compared
with 230.7 In the previous week. 23O. S
month ago, 235.7 six months ago
and 242.l year ago.
Cotton Textile Business improved
moderately In the last week with
several mills making partial January
releases OF print cloths, tobacco
cloths and bag numbers, but total
yardage remained small.
State and Municipal Financing
scheduled for the coming week to-
tails $19,242,124. compared with $8.-
743,500 last week and a weekly av-
erage for the year to date of $21.-
690,998, the Daily Bond Buyer re-
ported.
Steel Production in November
dropped to 1883, ,534 tons. compared
with 7,615,553 in the previous month
and 7,371,975 year ago, the Ameri-
can Iron 81 Steel Institute disclosed.
Production for II months totaled
82,199, ,288 VS.. 81 ,5S1 ,222 year ago.
Butler Brothers stockholders au-
thor1zed issuance of 150, 900 new pre-
ferred shares. The firm plans to
sell around 100000 on 41a% divi-
dend basis around the first of the
year through group headed by
Hartman Ripley & Co.
Electric Bond g. Share Co. is plan
ming to transfer its Texas utility
properties to new corpora ton, but
the project remains in the prelim-
mary stage
j. C. Penney Co. sales in Novem-
ber totaled $50, 1872 1884. an increase
of 1867 over a year ago; for IL
months, $465, ,485, ,321, a gain of 8,4%.
G. C. Murphy Co. sales for No.
vember were $7,897 1892, a gain of
1917 over year ago: for IL
months, $75 5,250,935, an increase of
6.6qo.
Bond Stores, Inc, sales in Novem-
Der totaled 1896 $50, an increase of
1O.1%o over year ago; for II
months, $44,661 400 a gain of 1857.
Edison Bros. Stores, Inc, sales for
November were $3,737,781, a gain of
1857 over year ago; for II
months, 3s,512,Os6, an increase of
1927.
Cuban Atlantic Sugar Co. earned
S3,724,514 or $50 a share in II
months ended September 80 VS..
$685., ,224 or s1.23 in the previous
year.
First National Stores, Inc, net for
13 weeks ended September 80 was
$548,957 or 81 cents VS.. $565 ,699 or
SO cents in IA weeks ended October
2, 1943.
Delaware, Lackawanna & Western
Railroad stockholders were told bv
President William White there was
little prospect for a common divi-
dend for at least years.
Godchaux Sugars, Inc, declared
an initial dividend of so cents on
class B stock. payable December 26.
American Foreign Investing Corn.
declared a year-end dividend of
Sits a share, payable December 21
Il1ting 1914 payments to $3.50 VS..
SITS in 1943.
Seiberling Rubber Co. declared
dividend of so cents a common
share, payable January l., Last
January the firm paid Is cents.
United States g. International Sc
eurities Corp. declared dividend of
$50 share on the first preferred
stock on account of arrears. PAYABLE
December 26. After payment. ar
rears will total about So a share.
Great Atlantic & Pacific Tea Co.
will distribute around $500. 900 to
all employees with service of months
or more.
Missouri Pacific Railroad commit
tee of preferred stockholders filed
objections to the reorganization plan
In Federal Court at st. Louis,
H. H. Butterworth g. Sons Co.
purchased the Textile Finishing
Machinery Co. at Providence, r, +,
for an undisclosed price.
Chicago, st. Paul, MINNEAPOLIS e.
Omaha Railway ordered 100 fifty
ton hopper cars from Mt. Vernon
Car Mfg. Co.
Carborundum Co. appointed
James E. McMullen controller.
Sherwin Williams Co. named 7
d. Helthan director of foreign sales
McCord Corp. appointed w. w.
Harts, Jr., treasurer. He was assist
ant treasurer for 7 years.
Stewart Warner Corp. named A.
r. Collins head of its research de-
partment.