Evening star., 1944-08-22
Business Briefs

Central Soya Co. offering OF
$2.25OOO0 of 3l4eo sinking fund de-
bentures was marketed by a group
headed by Glore, Forgan g. Co. Pro
ceeds will be used to retire nrst
mortgage bonds and increase work.
ing capital
Consumers Power CO., subsidiary
of Commonwealth & Southern Will
redeem s8,96l 900 of first mortgage
3l1co bonds, due 1867, on November
l At 1863. and accrued interest.
General Aniline e. Film Corp.
will redeem $2,O00000 OF American
I. G.. Chemical Corp. guaranteed
51,9o debentures, due May l, l949,
on November at par, After re-
demption, s10,OoO,000 will be out
standing.
Standard of California and Texas
Co. announced formation of Amerl-
can Eastern Petroleum Corp. to
direct. their unified development
of oil resources in Egypt, Australia,
New Zealand and, after reconquest,
in the Netherlands East Indies.
Affiliated Retailers, Inc, has been
organized to develop, buy and pro-
mote merchandise comparatively for
the May Department Stores Co. and
r. H. Maey e. Co., which have a
combined sales volume of around
$3.50, 5000 year.
Mississippi Power & Light Co. re-
financing plans. including issuance
and sale of $12,000,000 first mort
gage bonds, was approved by the
SEC.
Merger of Two Louisville Banks,
the Citizens Union National Bank
and the Fidelity g. Columbia Trust
Co., under a new name, the Citi-
zens' Fidelity Bank g. Trust Co.,
with more than $4,000, 900 assets,
will create the fourth largest flnan-
cial institution in the South. Stock
holders will vote September %.
Sears, Roebuck & Co. earned $l2,-
159,373 or $2.08 share in "a weeks
ended July is, compared with Sl3,-
133327 or 1925 in the corresponding
period year ago.
Armour T. Co. net for 81 weeks
ended June was S8,l20,40 or
$1523 a share on the Sc cumulative
convertible prior preferred, on which
unpaid dividends amounted to
$3.50 on July l. No comparison
with a year ago was available.
ServeI, Inc, earned $l,058,976 or
81 cents share in 9 months ended
July 81, compared with Sl074 ,35o
or 81 cents a year ago.
Omnibus Corp. net for the first
half of 1914 was SIPS, ,499 or "a cents
VS.. $5l2.522 or 40 cents in the same
period last year.
Richfield Oil Corp. earned Sl,7l0,-
o79 or 43 cents share in the first
half Of 1914, compared with $1,5l5,-
255 or 80 cents in the same l043
period.
Virginia Carolina Chemical Corp
net for IL morths ended June 80
was $823,945 or s3.87 a preferred
share VS.. $978,376 or $459 a pre-
ferred share in the preceding year
Diamond Shoe Corp. profit for the
half was $780, ,849 or $102 share VS.
$403,333 or 80 cents in the same
period last year.
Atlantic Coast Line Railroad Co.
net for the first half was $7,294, ,58e
or $8.85 VS.. $9,059, ,755 or 5000 a year
ago.
Reading Co. earned $4.684,27l OF
$2.35 in the half VS.. Sc, 1893, ,736 or $3.71
in the same l943 period.
Continental Industries, Inc, pur-
chased all stock of Braeburn Alloy
Steel Corp.
International Harvester Co. an
nounced formation of a foreign
operations organization to handle
all foreign activities except Cana
dian. G. o. Hoyt will head the Or
sanization as vice president. C. N
King will become director of. foreign
operations
Baltimore e. Ohio Railroad car
loadings for the week ended August
10 totaled 1888 VS.. 78,764 in the
previous week and 73,675 In the
like ls43 period.