Evening star., 1944-11-21
Business Briefs

Light Truck Production for civil
ians will be resumed in January at
the rate of 10000 each months,
ODT announced. Farmers ordi-
narily purchase more than half of
the output. 1t was suspended early
in 1912.
Retail Drug Sales this year will
mount to S2,000,000,000 by the end
OF this year, d gain of 81 over 81
590,000.000 in 1913. the Commerce
Department estimated. The drug
giSts are less hampered by wartime
shortages than many other retailers
Def1ation Is a Greater Threat tc
postwar dreams than initiation, ano
might prove. to be a danger to oul
social structure. declared DR.. Julius
HirSch. economist, before the Sales
Executive Club in New oYrk He
added that talk Of full employ
ment' was "Wishful thinking"
Aluminium From Clay can be pro-
duced economically by new process
developed by chemical engineers OF
IVA, the American Institute OF
Chemical Engineers was told at a
meeting in ST. Louis.
Special Offering of 16,300 shares
of LoeW's. Inc, common stock was
marketed by Shields & Co. at II u
and was quickly overhauled.
Pacific Gas d. Electric Co. plans
to refund S88,500,000 series G ~
bonds, due 1864, early next year, and
Blyth & Co. is forming \ Nation
wide syndicate to underWlite the
new securities.
North American Light & Power
Co. liquidation and dissolution plan
was filed with the SEC by its Subsid-
iary, Illinois Power Co. 1t would
provide for settlement Of Illinois
Powers S26,000,000 claims against
North American Light and its
parent. North American Co.
Seaboard Air Line Railway
authorization from the ICC to oper-
ate motor trucks over IA routes in
Virginia, North and South Carolina
and Florida will be reviewed by the
Supreme Court on an appeal filed
by trucking associations.
Baltimore & Ohio Railroad will
have a net income of around S22,-
100000 for 1914, a decline of S8,000,-
900 from 1943, President Roy B.
White told stockholders.
Philco Corp. earned S2,898, ,425 or
$211 asilare in 9 months ended Sep
tember 30, compared with S2,445 ,034
or Sl.78 in the same 1943 period.
War shipments were up $40.
American Hawaiian S. S. Co. net
for 9 months was S931,575 or 1922
VS.. $1,032.075 or $243 at year ago.
Pan American Petroleum &
Transport Co. earned $1,507,455 OF
80 cents in the September quarter
VS.. $656,226 or ID cents in the same
l943 period.
Panhandle Eastern Pipe Line Co
declared an extra of 25 cents and a
regular dividend of rs cents a COM
mon share, both payable December
% to holders of record December 7
bringing 1914 payments to So VS.
So in 1943.
Reynolds Metals Co. declared a
dividend of Is cents a common
share, payable January 2 to holders
of record December Is, bringing the
1914 total to 81 VS.. rs cents last
year.
Eastman Kodak Co. declared a
dividend of 50 a common share
payable January 2 to holders OF
record December S, bringing 1914
payments to S5.75 VS.. S. in 1943.
Maryland Trust Co. redeemed the
remaining $500,000 of its capital de-
bentures neld by the RFC. The
original amount issued in 1884 was
$2,000,000.
Laclede Gas Light Co. amended
Its recapitalization before the SEC,
proposing to deposit in escrow sum
sufflclent to pay the redemption
premium and interest on its series
B and D 51zT first mortgage coll
LITERAL and refunding bonds, due
IS3 and 1860.