Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-11-12
Business Briefs

clined further, according to the In
dex Of Business Week, which stood
at 230.6 In the latest week, compared
with 1911 in the previous week,
1903 month ago, 1919 six months
ago and 1910 year ago.
Debts TO Individual Bank Accounts
in months ended October 81 to-
tailed $213, 375 900 900, 4 gain Of SO
over 1907 ,638 ,000, 900 in the same 1913
period. the Federal Reserve Board
reported.
State and Municipal Financing
scheduled for the coming week
jumped to $25, 098 800, compared with
only 81 ,642 900 in the election week
just closed, the Daily Bond Buyer
announced. Largest deal will be
New York's sale Tuesday Of $13 1884,
600 bonds held by its pension funds.
Wholesale Commodity Index Of the
Associated Press closed the week at
106.9leo Of the 1925 level VS.. 1864 q
week earlier and l06l2 a year ago
Farm prices accounted for most of
the weeks rise.
Chicago, Burlington & Quincy
RainrOad was authorized by the ICC
to issue $40 900 900 Of 334% first and
refunding bonds, due 1874, at 99.137.
Proceeds would be used to redeem
q like amount of SO bonds, due 1871.
Maine Central Railroad was au-
thorized by the ICC to issue So, 000,-
600 or 40 series B bonds, due 1854.
at 98Hz. Proceeds would be used
with other funds to redeem 30 .878,-
600 40 series A bonds, due 1915.
American Gas 4 Electric Co.
earned $11,9l4,16l or 1928 a share in
IL months ended September 80 VS..
$l2 .622 ,687 or $243 in the previous
year.
Mergenthaler Linotype Co. net for
IL months ended September 30 was
81, 774,351 VS.. $2,033 ,178 in the previ-
GUS year. Sales totaled So, 572 ,322
VS.. $26,943,837.
Pittston Co. earned $948 OIL in 9
months ended September 30 VS.. ST.
o5l BOT year ago.
Evans Products Co. net for
months was s3l5,949 or $l.29 q share
VS.. $448, 434 or 31.S4 in the same 1913
period.
Pure Oil Co. declared a dividend
Of 81 a comon share. payable to
holders OF record November 20. Pay
ments Of SIPS on the So preferred
and $3.50 on the SO preferred also
were declared payable January l to
holders Of record December 8.
Jones & Laughlin Steel Corp. de-
clared dividends of so cents q COM
mon share and $125 on the So pre-
ferred, payable January to holders
of record December 4.
Pennsylvania Central AirIines car
ried 298,3l4 revenue passengers in
the first months Of this year, COM
pared with 176.04l q year ago. Mail
and express totaled 1857 ,949 pounds
vs.. 6,397 1927 in the same 1943 period.
Koppers Co., Inc, new firm merg-
Ing Koppers Co. Koppers Erecting
Corp, Koppers United Co. and Fuel
Investment Co.. asked the SEC for
exemptions from provisions of the
Holding Company Act.
Long Island Lighting Co. preferred
stockholders committee called upon
the SEC to reinstate its jurisdiction
over the company by revoking an
exemption from provisions of the
Holding Company Act, granted on
March u, 1896.
Philadelphia & Reading Coal 4
Iron Co. reorganization fees amount
ing to $1,134,6 $50 were submitted by
IL law firms, bondholders' commit
tees and individuals for approval
Of United States District Court at
Philadelphia.
Northeastern Water Co. an
nounced holders of 26,951 shares Of
81 preferred stock have withdrawn
objections to merger of Delaware
Valley Utilities Co. and Union Water
Service Co. in Northeastern, 8
Burlington Mills Corp. has formed
a new subsidiary, Burlington Mills of
Australia, Ltd. to weave rayon and
other synthetics.
Indiana General Service Co. re-
capitalization plan will be consid-
cred by the SEC November %.
National Fuel Gas Co. plant to
purchase capital stock Of Jefferson
County pa Gas Co. from Healey
Petroleum Co. will be heard BY the
SEC November 20.
Oliver Corp. elected to the board:
w. King White, formerly president
of the merged Cleveland Tractor Co.. :;
c. l. Ochs, president Of Eaton Mfg.
Co.. and F. H. Chaplin. chairman Of
National Acme Mfg. Co.
Fire Association Of Philadelphia
elected Ohio E. Lane to the new posi-
ton OF board chairman.
York Corp. appointed j. Donald