Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-04-08
Business Briefs

Final Pre- Easter Buying boosted
retail volumes in the last week 15%
to 1879 above year ago, reported
Dun & Bradstreet, Inc. Seasonal
items, particularly women's apparel
and accessories, were in heavy de-
mand.
Money in Circulation on April
totaled $21, 19l 100000, a gain of
$154 ,000, 900 from a week earlier and
$4,838, 900 900 above a year ago, the
Federal Reserve Board disclosed In
its weekly summary of member
banks condition.
Hosiery Shipments in February
were 64T behind a year ago, the
Association of Hosiery Manufac-
turers estimated.
Cudahy Packing Co. registered
with the SEC s14,0OO,OOO of serie.
B 80 first mortgage sinking func
bonds, due 1864. Proceeds woulc
be used with treasury funds to re.
deem Sl7,l82, 500 series A, 81 % frs
mortgage sinking fund bonds, due
1855, at 1929. The firm also plan
to borrow s3,500,000 from banks ant
redeem 100000 Of 40 debentures
due 1850, at 1917.
Housing Authority Notes to b,
offered by local units over the Ma
ton on April 10 will total s3s, 799,
900. Los Angeles Authority viii
offer S13,769,000; Baltimore Author
ity, $13,531 900, and Houston Au
thority. $2,350,o0c.
National Supply Co. stockholder
sustained their management in ,
proxy fight against an opposition
group by unfolding a change in by
laws, which staggers directors terms
Fairbanks, Morse & Co. earned
S2.787 ,44O or $465 a share in 1913
compared with s2,677 $50 or SAT- IL
1912.
Mid Continent Petroleum Corp
net for 1943 was S6,566,61s or $3.5;
a share VS.. 1912 profit of $6,112,l5'
or 1929
Paramount Pictures, Inc, report
ed net income for II months endet
January l was $16,O77 900 or 81. %
share VS. $14,631 $50 or $474 on
smaller number of shares in tn
previous year.
Aviation Corp. earned $1,46O,8 6
or Is cents a share in three month
ended February %, compared will
1,103,218 or 10 cents in the sam,
period a year ago.
American Locomotive Co. net TO
1943 was $6.626,515 or 1927 a shar
VS.. 1912 profit of $5,051 ,593 or $33
on much smaller number of share
in 1912. About $50 of 1914 outpu
will be regular products, although
about half of these will be on wa
contracts.
Botany Worsted Mills earne,
S785, $3.50 in l943, compared will
$506,835 in 1912.
City Ice G. Fuel Co. profits in tn
first quarter of this year compar'
quite favorably with a year ago
despite higher taxes, President vii
liam J. Sinek told stockholders.
Brown Co. net for IL months end
ed November 80 was 81 ,126,415, com
pared with 81, lot ,076 in the previou
year. Sales totaled $30,997 1871 VS.
$33 467 ,085.
w. T. Grant Co. sales in Marcel
totaled $l2,109,593 VS.. $l1 1855 oil {
year ago, gain Of 49, in thre,
months, $3l ,570,285 VS.. $3l 1884, 029
West Penn Power Co. plan to re
duce capital represented by 1885 ,00'
shares of no par value common from
$3l $50 900 to $21 100000, will be con
sldered at an SEC hearing April "a
West Kentucky Coal Co. asked tn,
SEC to approve reduction in tn
par value of 10000 shares of ~
cumulative preferred stock from So
to $25 and the stated value on $50,
600 shares of no par value common
from 100000 to $280,00O Nortl
American Co. owns lis, 675 preferred
shares and all Of the common.