Evening star., 1944-08-06
Business Briefs

General Business Activity has
again turned downward, according
to the index Of Business Week, which
stood at 234.S In the latest week
compared with 1858 In the previous
week, 234.7 q month ago, 1898 six
months ago and 237.5 . year ago.
Wholesale Prices advanced slightly
In the week. The Associated Press
index Of IS staples closed at 107.42
compared with 107.29 on Friday
l07.39 a week ago, 107.52 q month
ago and 105.82 year ago.
Seasonal Dizziness continued in
wholesale markets, but business re-
manned near record levels for this
time Of year, reported Dun & Brad
street, Inc.
Truck Production schedules for
the first quarter Of 1945 call for S.
705 units for essential civilian use,
WPB announced. Only 93,562 units
were scheduled for all Of 1914.
State and Municipal Financing
scheduled for the coming week
totals $6,979, ,762, compared with $24,-
208,775 last week and q weekly aver
age for the year to date of $22 ,078,-
100. the Daily Bond Buyer disclosed.
Smallest Lamb Crop Since 1880
was produced this year, with the
exception of the drought years of
1885 and 1887, the Agriculture De-
partment stated. This years crop
was placed at 29,603 900 head, q
decline Of. SIS per cent from 1913.
Detroit Edison Co. was ordered
by the Michigan Public Service Com
mission to rebate $40, ,450 900 to con-
sumers out Of funds set aside for
payment Of 1914 Federal excess pro-
fits taxes. Nine other utilities were
notified to report financial positions
by September Is for possibly similar
orders.
Coca-Cola Co. stockholders ap-
proved an increase in authorized
common stock from 1000, 900 to S.
100000. Directors voted to acquire
for not more than 10000 shares, the
capital stock of La Sale Securities,
Inc. Net for the first half was
S11,1l8,966 or $278 VS.. $11 ,408, ,491 or
S285 year ago; for the June
quarter, $7,230,899 or $1.8ls VS.. ST.
282 1850 or $1.82 year ago.
Borg Warner Corp. earned $4,09l,-
618 or SITS share In the first half
of 1914, compared with $4,665, ATT
or $l99 in the same 1943 period.
Proctor & Gamble Co. net for IL
months ended June 80 was $19,440,-
1872 or 1894 a share VS.. $20,677, ,054
or $3.13 in the preceding year.
Munsingwear, Inc, earned $50 1923
or 43 cents share the first half
compared with $163,539 or $1.16 in
the same 1943 period
Bigelow-Sanford Carpet Co. was
awarded new contracts for produc-
ton OF 100000 o. D. wool blankets
and 100000 yards of wool cloth for
sleeping bags. Upon completion Of
the contract, the Arm will have
made more than 5000 900 Army
blankets and turned out more than
100000 yards Of sleeping bag
material
Bendix Aviation Corp. reported its
Eclipse Machine Division is pro-
ducing starters for Army and Navy
a,ltomotive equipment and engines
at the highest level in five years.
Virginia Electric e. Power Co.
plant at Chesterfield, Va, went ION
the line" this week for the first time
after two years of construction, and
delays which put it six months
behind schedule.
Electric Power e. Light Co. pro-
posal to transfer 20,182 shares of
Mississippi Power 81 Light Co. $6
preferred stock to Mississippi Power
will be considered at an SEC hear
ing August is.
Maytag Co. will resume the manu-
facture Of washing machines after
the war, and may undertake the
manufacture of other products such
as aircraft hydraulics, declared
President Fred Maytag II.
Celanese Corp. announced adop-
ton Of group insurance plan for
all employees. including those of sub
sidiaries. Cost will be on a con-
tributory basis, with the company
paying the major portion.
Reynolds Metals Co. declared
dividend of Is cents share, pay
able September to holders of
record August Is. Previous payment
was so cents on April !.