Evening star., 1944-09-07
Business Briefs

Electric Power Production declined
to 4y414,735, 900 kilowatt hours in
the week ended September 2, com.
pared with 4,418,298 600 in the pre-.
viouS week and 4,350.5l1 900 in tn,
like 1943 week, the Edison Electric
Institute announced
Bank Clearings in "a leading cite.
declined to $8,042. 1856 900 in the holi.
day week ended September 6, com.
pared with $3.50 1884 900 in the pre-.
ceding full week, but remained
16.59o above $6,905, ,496, 900 in tn,
corresponding week last year, re.
ported Dun & Bradstreet, Inc.
July Retail Sales approximate
S., 5,464 900, 900, decline of go from
the preceding month. but 4eo abov,
a year ago, the Commerce Depart.
ment estimated.
Pepsi-Cola Co. directors approved
a 3-for-l splitup in common stock
Holders would receive three share.
OF 1914 cent par value for eact
present share of 81 par value. They
Will vote on the plan November 8.
Baltimore e. Ohio Railroad is con.
sldering readjustment of arounc
S55O,O00,OO0 OF its obligations ir
addition to providing for maturity
on November of ST. 100000 note.
held by the RFC.
Armour & Co. offering of s65 5.OOO..
600 first mortgage 20-year 3A q
bonds were snapped up quickly by
investors at 1921.
Solar. Mfg. Corp. Offering 9O,OOC
shares of series A convertible pre-
ferred stock was put on the market
at $40 a share by syndicate head
ed by Van Alstyne. Noel & Co.
Noblitt- Sparks Industries, Inc,
declared a stock dividend of one
quarter Of share for each share
held, payable October Is to holders
OF record october 2. A cash diyi-
dend of so cents also was declared
payable September 30 to holders of
record September l8.
Allied Mills, Inc, stockholders
were told by President J. B. de-
Haven that s12,028,382 profit from
sale Of Century Distilling Co. tc
National Distillers will be used fol
expansion and other corporate
needs.
Sears Roebuck e. Co. sales for All.
gust totaled $79,025, $50, a gain OF
4.3% over year ago: for 7 month,
ended August 81, $519, ,696 ,259. an in.
crease of 13.4f5 over a year ago.
F. w. Woolworth Co. sales for An.
gust were $35 .276. .108, gain of 6.2g
over a year ago: for 8 months. $273..
$50. .468, an increase of 2.1%.
McCrory Stores Corp. sales in All.
gust totaled $5.766,526, up l1.4g
for months, Sal 1858, 1853, a gain Of
$3.50 over year ago.
Greyhound Corp. earned 81 9s4 .8s5
or $l.76 a share in the first half. o1
1914, compared with $4,923, ,997 O,
sta In the same 1943 period.
Interstate Department Stores
Inc. net for 6 months ended july
81 was s383,142 or S1.24 a share VS.
s47l,87S or sl.34 a year ago.
Engineers Public Service Corn
earned s6,044, 1853 of $1.99 a share in
u months ended July 81 VS.. S5.145.-
921 or $15l in the previous year.
Virginia Electric e. Power Corn
net for IL months ended July 81
was $4,845,172 VS.. s4,432,573 in the
preceding fiscal period.
American Power & Light Corn
earned $l4,275, $50 or $8.05 a share
on combined preferred stocks in l:
months ended July 81, compared
with $16,288,57 or $9.19 preferred
share in the previous year.
Fairbanks, Morse e. Co. purchased
the Pomona Pump Co. with plant.
In st. Louis and Pomona, Calf, in .
100000 transaction.
American Home Products Corp
acquired Marietta Dyestuffs Co. oi
Marietta, Ohio.
American Car 4 Foundry Co
elected Charles j. Hardy, jr., vice
president and director. His father
Is chairman Of the board.
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