Evening star., 1944-05-13
Business Briefs
General Business Activity has dt

oSh0i oA DuSihCSs hCkAfIty lldS uC-
clined moderately, according to the
index of Business Week, which stood
at 2403 in the latest week, compared
with 24l.3 in the preceding week,
24o2 month ago. 2370 six months
ago and 1880 a year ago.
Living Costs of the average family
OF wage earners and lower -salaried
clerical workers in April were 10
above the preceding month, but only
/ % above year ago, the Industrial
Conference Board estimated.
State and Municipal Financing
scheduled for next week totals S4,-
104, 100, compared with s16,368, 900
in the current week and a weekly
average for the year to date of SIS
55l $50, the Daily Bond Buyers re-
ported.
Newsprint Paper Production in
North America declined to 310,714
tons in April, compared with 332 ,161
in March, but was about equal to the
total for April, 1943, the Newsprint
Service Bureau announced. In four
months, output was 1.6%o above a
year ago.
New York Stock Exchange Seats
sold yesterday included one for $50
900 and another for $4,000, highest
price paid since April, 1910. Last
previous sale was for $4,000.
Record Demand for Paint will fol-
low removal of Government reStric-
tions on construction and the end
of the war, predicted Ernest T. Trigg
of Washington, president of the
National Paint, Varnish g. Lacquer
Association, in an interview at Buff
falo.
Glass container shipments in the
first quarter totaled 23,895,43 gross
VS.. 22,644,l66 a year ago, the Glass
Container Association revealed
Manpower shortages are very seri-
Gus in some sections. In one Mid
die Western plant department
heads voluntarily return to load
freight cars three nights a week.
Export freight, handled through
United States ports in April, ex-
Guiding coal and grain, totaled 143,-
256 cars, a jump of 49qo over a
year ago, the Association of Ameri-
can Railroads disclosed
American Airlines, Inc, reported
net income for the first 1914 quarter
was $597 796 or 95 cents a share,
compared with an adjusted net of
s1,l39,773 or $l.89 in the same 1943
period.
Ex-cell-o Corp. earned $484,978 or
s1.2l share in three months ended
February %, compared with $723,-
476 or $l.8l year ago.
American Gas e. Electric Co. net
| for II months ended March 81 was
Sl1 TOE, ,083 or 1928 a share VS.. S1O,-
972,295 or $208 in the previous
year.
Rheem Mfg. Co. earned ST $40, 1886
or $l82 a share in 1943, compared
with an adjusted net of $481, 10l or
SO cents in 1912.
Certain -teed Products Corp. man
agement and an opposing group of
stockholders agreed to confine busi-
ness at thrice-postponed annual
IiliCCIAllb lliCACly W SuDHllJbdl OI
proxies. The meeting has been
called for May IT,
Northern Indiana Public Service
Co. filed with the SEC an amend
ment proposing competitive bids for
the sale of 22O,078 shares of 5ac
cumulative preferred stock The
commission previously had denied a
request for exemption from COM
pe+itive bidding requirements.
Petri Wine Co. has acquired stock
control of the Tulare Winery Co
which has l,250,000 gallons of aged
wines.
Maryland Bankers Association
Group 2 elected Benjamin L. Schulz
Of Frederick president to succeed
John H. Cunningham of Westmin-
ster.
Association of Mutual Savings
Banks elected Isaac w. Roberts
president He is president of the
Philadelphia Savings Fund Society