Evening star., 1944-01-10
Business Briefs
Reduced Business Activity in

Reduced Business Activity in the
last week was reflected by the index
OF Business Week which declined to
24O.6 against 242.2 in the preceding
week, 244.7 a month ago, 23l.O six
months ago and 221.3 a year ago.
Crude Petroleum Stocks on Janu-
ary l totaled 240,992 900 barrels, a
drop Of $4,000 from a week earlier
the Bureau of Mines reported. Do
,9estic crude declined $4,000, while
foreign crude decreased $4,000.
Hosiery Shipments in November
totaled II, ,493,0 oil dozen pairs, a gain
CT $50 over November, 1912, the
National Association of Hosiery
Manufacturers disclosed. An in
creas in anklets more, than offset a
drop in full-fashioned hose.
United States Steel Corp. reported
shipments of finished steel products
by subsidiaries in December totaled
1,7l9,624 net tons, compared with
l,660,594 in November and 1,849 ,635
in December, 1912. The years ship
ments totaled 20,244,83O against TO-
615,307 in 1912.
Standard Oil Co. of Ohio disclosed
In an amendment to its SEC regis
tration that 96,030 of 101 ,389 shares
of 500 per value 41zGo cumulative
convertible preferred stock, offered
on subscription warrants expiring
January S, have been subscribed. The
$3.50 unsubscribed shares will bt
reSOld by underwriters to a limited
number of purchasers at S109 6
share.
Florida Power & Light Co. award.
ed S45 100000 first mortgage bonds
due 1874, and s10,000,000 of deben.
lures, due 1879, to the First Boston
Corp. and associates. The Syndi-
cate bid 104,019 for the bonds, speci.
flying coupon rate of 31a %, anc
99022 for the debentures as AIS.
Cudahy Packing Co. earned 50 ,431,-
Asa or 1896 share in the fiscal yeal
ended october 81, after reserve oil
$1000,000 for postwar adjustments
compared with S2,352,281 or $3.79 g
share in the preceding year, also
after a. postwar reserve of $1,000
oOOs hcllSo oSI a llSW lCSol vi
$428,847 400 against $366,935, ,OO1 ir
the previous year
Dow Chemical Co. earned $685.
684l or $275 a share in six months
ended November 80, compared with
S4,677,108 or 1892 a share in the
same 1912 period. Included in 194i
earnings were 100000 dividends
from ali associated company, COM
par Jed with 100000 from the same
source in the 1912 period
Reliance Electric e. Engineering
Co. earned 59,306 or $1.51 a share
in the year ended October 81, COM
pared with $350,964 or $2.18 a share
in the previous year.
Helena Rubenstein, Inc, earned
$656,317 or $3.50 share in the veal
ended September 80 compared with
$591 ,458 or 1912 share in the pre-
ceding period.
Safeway Stores, Inc, sales in foul
weeks ended January l totaled $46,.
1883, gain of 14qo over veal
ago. Sales in So weeks ended the
same date. we're $3.50, 1888 1903, a dror
Of l.7e1 from a year ago.
Montgomery Ward G. Co. sales il
December totaled 500 ,294,023 a dror
OF 1885, from year ago. Sales il
II months ended December 81 were
S598, ,458,710, a decline of 5.66Go from
year ago.
Lerner Stores Corp. sales in De
cember totaled $10,268,326, a gai1
of $50 over year ago. Sales fo
IL months ended December 81 wer'
$70,562,37 against $60,372 ,447 in tn,
same 1912 period.
Western Auto Supply Co. report
ed retail sales for December wer,
$3,052,000 against $3,405,O0O a yea
ago. Wholesale sales of S1,506,00
were $50 below year ago. Fo
all of 1943, retail sales totaled S26,
054000 against $50, 2,259,000 in 1942
Wholesale business aggregated $50,
$4,000, a drop of 1870 from tn
preceding year.
Bethlehem Steel Corp. has ac
quired the plant and business O
Atlas Steel Barrel Corp. The Alta
plan& at Bayonne, N. j., will b
oper&Red as a division of Bethlehem
und& Robert Campbell, former At
las president.