Evening star., 1944-10-03
Business Briefs
Iron Ore Shipments on the CIR,

Iron Ore Shipments on the Great
Lakes in September totaled II ,329,-
G29 gross tons. compared with H.
288,253 in the previous month and
l2,742,82 a year ago. the Lake Su-
Derior Iron Ore Association reported
shipments for 9 months totaled 65,-
903, 3,184 tons VS.. 65, ,102 ,295 year ago
Sales of Independent Retailers, ex-
cept department stores were 80
above year ago in August. the Cen
sus Bureau disclosed. Department
store sales were up 16Tc and whole
sale volume increased Sc.
Greyhound Corp. offering of $10,-
100000 go 15-year debentures and
$4,000 shares Sof 4l2To cumulative
preferred stocks were marketed by
q group headed by Kicder. Peabody
81 Co. ard Glore. Forgan & Co. De-
centuries were priced at 1917 to
yield 208eo and the shares at 10312
to yield 4l1N.
Philadelphia Electric Co. asked
SEC exemption from competitive
bidding for Its proposed $4,000, 900
bond issue on the ground that the
huge issue could be sold nationally
under joint private arrangement
with Mellon Security Corp, First
Boston Corp. land Morgan Stanley
& Co. serving as co-managers OF a
syndicate including 131 investment
houses. .,
United Gas Corp. filed an amend
ment with; the SEC stating its pro-
posed $100, 600 900 first mortgage go
bones will be sold privately to a
group Of institutional investors at
par. II
Foremost, Diaries. Inc, of Jackson
Vile, Fla. registered with the SEC
10000 shares of $50 par value So
cumulative preferred stock and U.s.
900 shares Of 20-cent par value COM
mon. The shares are being sold by
]. c. Penney and Paul E. Reinhold,
company president.
Gulf Oil Corp. earned $21 ,414,517
or $2.36 a share in months ended
June 80, compared with $11.122 1865
or 81 % in the same l943 period.
Celotex Corp. net for 8 months
ended July 81 was 1894 ,569 or %
cents a share VS.. $483, ,046 or So cents
a year ago.
National Power & Light Co. earned
s3,S75,556 or II cents share in IL
months ended August 81, compared
with $6,087,011 pr Sill in the same
1943 period. s&5
Wayne Pump Go. net for 9 months
ended August 81 was $524,701 or
s1.sl share vsis546,5ss or s1.ss a
B. F. Avery & Sons earned $780,:
763 or $173 a share In IL months
ended June SC, compared with $109,-
S86 or 42 cents in, the previous year
st. Louis Southwestern Lines re-
ported net of 1885, ,T20 for 8 months
ended August 81 VS., S. s506,813 in the
same 1943 monthss
Continental Can. Co. acquired fol
around $4,000 00G cash all assets and
business of Mono Service Co., maker
og hot drink cups and paper fooo
containers.
Standard Oil Co. OF Indiana wa.
reported to have acquired through
an affiliate, Stanolind Oil 81 Ga,
Co., stock of the Permian Oil Co. fol
$4,000 600. Permian has holdings ir
Reynolds Metals Co. was author.
lied by the Mexican government tt
establish 100000 tinfoil plant ii
Mexico City.
Eastern Air Lines applied to tn,
CAB for routes to Mexico and tht
Caribbean to compete with Pan
American Anyways.
Joshua Hendy Iron Works a
Sunnyvale, Calf, received a new
$4,000, 900 Navy contract for undis.
closed material
Braniff Always in August flew
s,178,505 passenger miles, compared
with 9,066, ,495 In July and 6,673 so,
year ago.
Pennsylvania Railroad ANNOUNCED
retirement Of H. A. Enochs as vics
president after nearly so years 81
service.