Evening star., 1944-03-25
Business Briefs


tanned at a high level in February
and the early part of March. while
commodity prices and retail sales
showed little change, the Federal
Reserve Board reported. The
boards seasonally adjusted index in
February advanced / point to 243 %
of the 1858 average.
Lower Commodity Prices were re-
flected by the Associated Press index
of IS wholesale staples. which stood
at l07.26Te of the 1926 average yes
terday, compared with l07.37 a week
earlier and l0660 year ago.
Aircraft Engine Production in
l943 totaled 235 1888 engines in 1943,
compared with 148,663 in 1912 and
was 364qo above 50,684 in 194l, re-
ported the magazine Automotive g.
Aviation Industries. Plane produc-
ton in the two years rose 345Go.
State and Municipal Financing
scheduled for next week totals S.
412 500, compared with S9,5l3 900 in
the present week and weekly aver
age for the year to date of $16,-
4o0,793, according to the Daily Bond
Buyer. y
Chicago Board of Trade members
will vote April 18 on proposal
which would permit the tender of
warehouse receipts covering grain
stored in approved warehouses out
side of Chicago in settlement of open
futures contracts on the Chicago
market.
Mengel Co. registered with the
SEC $2,500,000 sinking fund deben-
lures, due 1859. Part of the proceeds
will be used to redeem ST ,568. 900 of
49, first mortgage. convertible
sinking fund bonds at 1907 and
the remainder will be put into the
sinking fund.
Wheeling Steel Corp. earned $4-,
339 ,246 or SAB a share in 1943, COM
pared with 4,441 1854 or S4.6l in 1912
Sales totaled S121 1853, ,532 VS.. $1l8,-
988, 100 in 1912.
Texas Pacific Coal e. Oil Co. net
for 1943 was $1,309 .899 or SLAB a
share against $3.50, ,668 or 81 cents in
the previous year.
Timken-Detroit Axle Co. earned
81 2,529 ,522 or $2.55 a share in six
months ended December 81, com
pared with 81, 2,769 ,955 or $2.79 in the
same 1912 period.
Boston e. Maine Railroad moved
4,811, $4,000 revenue ton miles of
freight last year, largest volume in
its history. New operating records
were set by train miles per train
hour, gross ton miles per train hour
freight car miles per day, freight car
load, net ton miles per car day and
locomotive miles per day.
B. F. Goodrich Co. will start
large-scale production of an i'm
proved synthetic rubber of. the buta-
diene type at one of the plants
owned by the Government. Intro
duction of certain abundant nat
ural material into rubber-makinp
processes has eliminated some of
the worst faults of synthetic rubber
Venezuelan Petroleum Co. report
ed availability of tankers beginning
last August enabled it to ship 1881 =
093 barrels of crude oil from it's
Venezuelan wells by the end of the
year.
johnson e. Johnson announced
substantial price reductions on GER
tain first-aid products, including
sterile gauze bandages and adhesive
plasters.
American Wine Co, stockholders
elected Malcolm Woldenberg of New
Orleans president. Mr.. Woldenberg
and Samuel Lentz of New York City
recently purchased 1875 900 shares of
company stock for $4,000 from the
Alien Property Custodian.
General Mills, Inc, declared a
quarterly dividend of 81 share on
common stock, payable May / to
holders of record April 10.
Schenley Distillers announced 1t
Is applying an electron microscope
with magnifying power up to 10000
diameters to speed mass production
Of penicillin.