Evening star., 1944-09-19
Business Briefs
Good News for the Home Front

$1,000 tons of steel for contingent
production Of refrigerators, washing
machine, vacuum cleaners, light
trucks and 20 other civilian items in
October, November and December.
WPB said use of carbon steel and
other materials depended on wheth-
er plant facilities, labor and parts
became available in the last quarter
Sales Of Independent Retailers in
August were So above the previous
mouth and 11ec above a year ago,
the Census Bureau disclosed.
Stocks of Automotive Parts on Au-
gust l were 1919 greater than on
April !, while sales in the same
period gained only $40, the Ma
tional Automobile Association found
in a survey OF dealers. Inventories
are increasing about twice as fast
as sales, it declared,
Pacific Gas & Electric Co. was re-
ported planning to refinance S1l5,-
100000 3s4Go bonds of 1861. Blyth
& Co. was said to be forming a
syndicate to distribute the refunding
issues.
Liberty Aircraft Products Corp.
filed with the SEC a proposal to
issue 10000 shares of S1.25 cumula-
tive convertible preferred stock, $40
par value, and 100000 shares of
common, par so cents. Preferred
shares will be offered common hold
ers at the rate of one for each three
and one-half shares.
Columbia Gas & Electric Corp
may receive offers from Cincinnati
and Covington, Ky, for municipal
purchase of subsidiaries in those
cities. Representatives of the cities
indicated their interest at an SEC
hearing.
Calf. Mobile & Ohio Railroad re-
ceived high bid of 9720 on a 3s4 %
basis for $l0,50O,000 bonds from
Shields g. Co. and associates. Re-
offering is planned at 98a.
Timken Detroit Axle Co. profit OF
IL months ended June 80 was S4,-
908,142 or $495 share VS.. s4,435,-
ISL or SAT- in the previous period.
National Power & Light Co.
earned $3918,744 or 70 cents a share
in IL months ended July 81, COM
pared with $6,049365 or Sill in the
previous year
Ell Paso Natural Gas Co. net for
IL months ended July 81 was 81
266,918 or $3.50 share VS.. 50 1892, ,786
or $370 in the preceding fiscal
period.
American Gable g. Radio Corp.
earned 81 l,246,3 1863 in the first half of
1914, compared with 1862 ,5O7 in the
same l943 period.
Pennsylvania Railroad net for 7
months ended July 81 was $35, ,12O,-
267 or $2.67 share VS.. $50, TAB 1923
or S4 year ago
Louisville g. Nashville Railroad
reported net income of sl0,O96, ,453
or 1888 share in months ended
July 81, compared with Sl0,782, ,84s
or 1921 in the same 1943 period.
Pantepec Oil Co. of Venezuela
earned $500, $50 in the first half of
this year, compared with net loss
of S122,965 a year ago.
Kroser Grocery & Baking Co
sales for four weeks ended Septem-
Der 8 totaled $33,4l5,979, a gain OF
7.3 per cent from a year ago; for sc
weeks ended the same date, s3O4,-
2l7,364, an increase of 40 per cent
Nash KelvinatOr Corp. has ordered
machine tools and completed fac
tory layout plans for production OF
postwar automobiles, President
George w. Mason announced The
firms production goal will be triple
prewar levels, he said.
Baltimore & Ohio Railroad car
loadings totaled 72,684 in the week
ended September is VS.. $3.50 a
year ago.
American Can Co. revealed its
Atlanta branch, closed down par
italy for nearly two years, will re-
sumo operations in the galvanizine
department October / and will pro-
duce garbage cans, washtubs and
water pals at capacity.
Blue Network CO., Inc, directors
elected Chester J. La Roche vice
chairman of the board and chief
executive officer.
United Aircraft Corp. appointed
Robert E. Beach director of con-
tract examinations. He has been
administrator of contracts since
1913.
Dravo Corp. directors elected L. A.
Mert5 vice president. He will con-
tinue as treasurer.