Evening star., 1945-04-06
Business Briefs

Retail Volume in the last week de-
clined from record pre-Easter levels,
but remained &C. to IL above a
year ago, Dun g. Bradstreet, Inc,
announced. Demand for apparel
was brisk.
Money in Circulation totaled $685.
856,O00.OO on April 4, gain of S3l,-
100000 from a week earlier and S4,-
674,000.000 above a year ago, the
Federal Reserve Board reported
New Securities Offered Today in
cluded: 25O,O00 common shares of
Anderson, Clayton e. Co. at "A; 75,-
900 49, preferred shares OF Cen
eral Tire at 1851. subject to $4,000
shares being offered in exchange for
AZ r. preferred
Nickel Plate Railroad directors
authorized sale of S58,000,000 of new
35-year bonds at competitive bidding
on April 26 Proceeds will be used
with other funds to redeem S59,8 ,875,-
900 of A., bonds, due 1878.
RalstOn Purina Co. registered with
the SEC 100000 shares of series A
S10O par value preferred stock. Pro-
ceeds will be used to eliminate short
term notes and buy Federal bonds.
Ohio Water Service Co. registered
with the SEC 80,880 common shares
to be offered through a syndicate
headed by Otis & Co. Constituting
6653co of the total outstanding, the
shares are being sold by Federal
Water & Gas Corp.
New York Central Railroad in
vited bids on S7,500,000 of equip
ment trust certificates to finance
80eo of the cost of 5000 steel box
cars.
Erie Railroad Co. asked ICC per-
mission to issue S83,775, 900 of first
mortgage bonds to finance redemp-
ton of S74,000,000 of 4fo bonds and
S5.500,000 of 318To notes.
Sterling Drug, Inc, stockholders
will vote June IA on proposed q
for-1 Splitup in common stock.
Eversharp, Inc, stockholders will
vote May Is on plan to split COM
mon stock for ! and increase au-
thorized shares from 100000 to
100000.
Panhandle Producing & Refining
Co. completed arrangements to buy
control of James Stewart & Co.,
century-old construction firm, for
S2000,000.
Paramount Pictures, Inc, earned
Sl6k88, 900 or S4.39 in IL months
enoed December 80 VS.. $16,140,821 or
S4.30 in the previous fiscal period.
Virginia Electric g. Power Co.
profit for 1914 was $5,675 .255 or 81. .4S
VS.. S4,546,8 or S1.2l in the preced-
ing year
United Cigar Whelan Stores
earned S1,50l 1868 or s5225 on S. pre-
ferred stock in 1914 VS.. $1,411,171 or
$2217 on the same stock in 1943.
Superior Oil Co. of California net
for 6 months ended February % was
S2,537,5l8 or s6 VS.. $1,635,241 or SO 9e
year ago.
Great Northern Paper Co. earned
sl,666.978 or $167 in 1914 VS.. ST.
359,8S5 or S196 in l943.
Belmont Radio Corp. and Rayth-
con Mfg. Co. stockholders ap-
proved merger into a new firm, Bel
mont Radio Corp.
Joy Mfg. Co. offered stockholders
of Sullivan Machinery Corp. 31R
for their shares in a move to acquire
Sullivan and operate it as a sub
sidiary.
F. w. Woolworth Co. sales in
March totaled $40 2,906,5 ,585, a gain of
24.39o from year ago; in three
months, sos, ,899,927, an increase of
1867.
McCrory Stores Corp. sales in
March totaled $6,463.369. a gain OF
25.29o from year ago; in months
SIS, 1865 ,565, an increase of 1897.
II. L. Green Co. sales in March to.
tailed $6,336, ,469, up 27.4% from a
year ago; in 2 months ended March
81. sln, ,772,975, a gain of 1857.
Aeronautical Products, Inc, elect.
ed c. c. Layman president and gen.
eral manager to succeed the late
Alfred Jackson.