Evening star., 1944-09-12
Business Briefs
A Head of Lettuce picked in

n ncdu Vi LCktuCC plShC0 III Sd1l-
fornia and shipped 2,379 miles to
Detroit in a Douglas C-54A Skymas-
ter converted from a paratroop car
rier, could be displayed "a hours
later and customers probably would
be willing to pay the additional cost
of 3a cents pound for the fresher
product, the Agriculture Depart
ment concluded after survey.
Great Northern Railway Co. ap-
parently received high bid from
Halsey, Stuart & Co. and large
group of associates for 100000, 900
of bonds offered at a strongly COM
petitive sale. The bid was 10088
for $35,000,000 of 3isco bonds Of
1860, 10Ol3 for $30,000,000 of 3sss of
1870 and 10076 for S35 10000 Of 3l2s
of 1880.
Empire District Electric Co. re-
ceived high bids of los 729 for $l0,-
100000 of 3i2's bonds, and l3459
for $4,000 common shares, from a
group headed by First Boston Corp.
the shares las.
Connecticut Light & Power Co.
Offering of Sl0.000000 first and re-
funding mortgage 81 bonds was
marketed at l05s4 % by a syndicate
headed by Putnam g. Co. Proceeds
will be used to retire $1,000, 900 312 %
bonds of 1866 and replace funds
used in retiring $3,000000 of 10
bonds of 1851.
Pillsbury Mills offering of $4,000
shares of 81 cumulative preferred
stock was put on the market at $10O
a share by group headed by Gold
man, Sachs g. Co. Proceeds will be
used to retire funded debt and add
to working capital.
United States Rubber Co. will be-
gin a s5.452,990 expansion of De-
troit facilities for manufacture of
large-size military tires
Standard Gas & Electric Co. note
and debenture holders would re-
ceive common stock of Wisconsin
Public Service Co. under a new
amendment to its capitalization
plan filed with the SEC. Hearings
were rest for Sepeembmer %.
Oliver Farm Equipment Co. stock
holders will vote October on a q
for-l split of common stock, acqutsi-
ton of Cleveland Tractor Co. con-
vertible preferred stock financing
and q change in name to Oliver
Corp.
Douglas Aircraft Co. received Or
ders for 90 postwar airliners from
three airlines, American, United and
Pan American-Grace Total cost
will exceed s50,000,0O0 An order
also is being discussed with Eastern
Airnnes
Pullman Co. proposed to railroads
using it's sleeping car service that
they Jointly organize a new firm,
Railway Sleeping Car Co.,
to take over the service and sug-
gested a price of $8l 1925 ,222 for tan
gible properties.
Philco Corp. production of war
material for the Army and Navy,
including radar and radio equip
ment, was so per cent above a year
ago in the first half of 1914.
Western Union Telegraph Co.
earned $4,149, ,582 or 1888 share on
class A stock in seven months end
ed July 81, compared with $4,259,-
1913 or $4.07 a share on old capital
stock in the same 1943 period.
L. c. Smith e. Corona Typewrit-
ers, Inc, reported profit of $716,938
or 1921 a share in IL months ended
June 30, compared with s1,064,975
or $357 in the previous year.
International Minerals & Chemi-
cal Corp. earned $2,016,037 or $3.11
a share in IL months ended June 80,
compared with $2,081,738 or 1928 in
the previous year.
Moore re-McCormack Lines, Inc, net
for the first half of 1914 was 81 $685.
818 VS.. $l,8l5,74 in the same 1943
period.
Howe Sound Co. declared a divi-
dend of rs cents a share, payable
September 80 to holders of record
September a.. The Arm paid so
cents on June 80 and rs cents in
previous quarters.