Evening star., 1944-08-27
THE SUNDAY STAR, washington. .. c.
SUNDAY, AUGUST ~. 1914
Business Briefs
General Business Activitv h

NeneIoi 0uSAncS8 ACTIVITY mas de-
clined. according to the index of
Business Week, which stood at 234 A
IN the latest week, compared with
1852 In the preceding week, 1853 A
month ago, $500 six months ago
and 2370 a year ago.
Lumber Production In the first six
months OF this year was 1870 below
a year ago, and mounting war de-
mands aggravated the severity of
the Nations No. l vital material
shortage, the WPB reported.
Structural Steel Bookings in July
totaled 77.106 tons, compared with
81 ,524 in the previous month and
56,7l2 a year ago, the American
Institute OF Steel Construction an
nounced. Shipments totaled 33,994
tons VS.. 56,843 in July, 1aA3.
The 1914 Wool Clip was estimated
by the Department of Agriculture at
355, ,129, 900 pounds, about 80 under
last year and the smallest since 1886.
Net Working Capital of American
corporations increased 81 400 ,0O0, 900
in the first quarter of 1914 to a
record $4,000, 600, 900, the SEC es-
timated.
Quick-Frozen Foods will set new
production record of more than
soc, 900, 900 pounds this year, a gain
Of 15% over last year, predicted
Edwin T. Gibson, director and
former president of the National
Association of Frozen Food Packers.
State and Municipal Financing
scheduled for this week totals
So, ,732 500, compared with $21.529, ass
last week and a weekly average for
the year to date of $21 ,661 ,535, the
Daily Bond Buyers disclosed.
Kennecott Copper Corp. earned
$21 ,538,872 or $l99 a share in the
first half of 1914, compared with
s22. .324,375 or s206 in the same l943
period.
Associated Dry Goods Corp. esti-
mated earnings for the half totaled
$l,100,000 VS.. $1.300000 a year ago.
Sales totaled $43, $4,000 VS.. $39, $685.
600.
Powdrell & Alexander, Inc, net
for the half was $149,915 or so cents
VS.. $151 1881, or so cents year ago.
Northern Pacific Railway reported
net income of ST 1,976,6l7 for July vs.
81, ,799, ,756 in the same 1943 MONTH
Gross was $13,352,274 VS.. $l2, ,704. 1893
Chicago, Milwaukee revealed July
net of $424 ,339, after fixed charges
and contingent interest, compared
with $2,455, 1878 in the same l943
month.
gross revenues of $l16,075, ,134 in the
seven months of 1914 we're 92eo
above year ago, but expenses rose
15.4oo and net operating income
was down 27oc.
General Motors Corp. plans post
war jobs for 100000 of its present
407,0 90 workers, President Charles E.
Wilson said in an address at Purdue
University.
Associated Gas & Electric Co.
reorganization plan, under which it
would be combined with Associated
Gas & Electric Corp, was approved
by Federal Judge Vincent L. Liebell
in New York 1t was approved by
the SEC April II and now will 90
to the creditors for action.
Republic Service Corp. recapital-
ization plan will be considered at a
SEC hearing September IL.
Loose Wiles Biscuit Co. purchased
the Wasco Warehouse Milling Co. at
Dalles, Greg.
General Mills. Inc, declared a
regular quarterly dividend of sl.25
share on the SO preferred, payable
october l to holders of record
September 8.
Glen Alden Coal Co. declared a
dividend of 40 cents a share, payable
September 20 to holders Of record
August 81.
Lehman Corp. elected to its board
B. Earl Puckett, president of Allied
Stores Corp.