Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-01-08
Business Briefs

New Products in New Fields are
being planned by many firms for
the postwar era, Donald M Hobart
of Curtis Publishing Co. told the
New England Sales Management
Conference. In a survey of %
major groups, largely in the durable
goods industries, he found that
$50 are planning new products in
their present fields or new fields,
and that 1920 are planning to enter
new fields A hardware firm will
make mems toiletries, a household
appliance firm will make auto parts,
a farm implement firm will make a
food product, and a radio manu-
facturer will produce high fire.
quency heating.
A New Steel Production Record
was set for the fourth consecutive
year in 1943 and aggregated 3d.
872,598 tons of ingots, compared
with o6,029921 in 1912, the Amer
lean Iron and Steel Institute re-
ported. Steel mill strikes in De-
cember and coal strikes earlier in
the year caused a loss of several
hundred thousand tons of produc-
ton, the institute said.
State and Municipal Financing
scheduled for the coming week total
SIS, 499, 545, compared with $685.
1863 in the last week and 1943
average of 1851 ,568 a week, the
Daily Bond Buyer stated Balti-
more serial bonds of 1945-1962, total
ing $4,200,000, will be offered Tues
day by Baker, Watts & Co.
Slightly Higher Wholesale Prices
in the last week were reflected by
the Bureau of Labor Statistics COM
modify index, which reached 1903 co
of the 1926 average, gain Of 10
from the preceding week, .2Pa above
month ago, 216qo above the like
1887 period and 74fo above the
January, 1929, average.
Canned Vegetable Supplies for
civilians in 1914 will be 2Ogc to
$3.50 below 1943 levels, the Bureau of
Agriculture Economics predicted.
Supplies of potatoes and winter
grown fresh vegetables are expected
70 INCREASE, however.
More Steel has been provided by
the WPB for pals, buckets, wash
tubs, wash boilers, tunnels, fire
shovels and oil storage cans. For
the first quarter, supplementary
quotas will bring permitted metal
tonnage to 9215 % of quarterly usage
in the year ended June 80, 1941
The previous first-quarter rate was
Soc.
Sears, ROebuck g. Co. sales in De-
cember totaled $97, 1895 ,92l, compared
with $106, 1859 in December, 1912,
a drop of 849c. Sales for IL months
ended December 81 we're $816, 297, GIT
against $848, ,210 in the same 1912
period, a drop of 3.8%.
w. T. Grant Co. sales in December
were S23,518,334, decline of $40
from December, 1912. Sales for the
full year totaled $163 49,, 1865 against
$153,805, 756 in 1912.
Armour G. Co. declared dividend
of $3.50 a share on the Sc prior pre-
ferred stock, payable April to hold
ers of record March 10.
John Morrell g. Co. declared q
dividend of so cents a common
share, payable January 81 to holders
of record January IT. The firm PAID
Is cents a share on January 80. 1913
central Ohio Light & Power Co
proposal to issue and sell through
competitive bidding $4,30O,OO0 series
A 31k%o first mortgage bonds, due
1874, will be considered by the SEC
at hearing January 49, Proceeds
E. with treasury cash, would be used tx
redeem 1891 900 series c 40 frs
mortgage bonds at 106.75T plus &C.
crued interest, and $394,000 series Z
~ % bonds at 103.25% plus interest