Evening star., 1945-08-24
Business Briefs

Retail Trade in the last week was
SO to go above year ago, report
ed Dun g. Bradstreet, Inc. Con-
sumers rushed to buy Immediately
after the Jap surrender, but activity
slowed later. Gasoline and canned
goods were in strong demand.
Money in Circulation climbed to
S27 SOC ,000, 900 on August %, a gain
of $155 100000 from a week earlier
and S4,459 ,000, 900 above a year ago
the Federal Reserve Board an
nounced. Gold stock totaled $20,-
088, 900 900, a drop of $42, 600, 900 from
a week earlier and $3.50 900, 900 be-
low a year ago.
Great Northern Railway invited
bids up to noon, August %, on $75,-
100000 of new general mortgage
bonds for refunding purposes.
Groups headed by Morgan Stanley
e. Co. and Halsey, Stuart & Co. are
expected to compete for the offering
Northern Pacific Railway asked
1CC permission to issue $55 ,O00, ,OOe
of collateral trust bonds to help re-
deem $81, ISL 800 of SO, series B.
mortgage bonds on January l at 110
plus interest.
Public Service Co. of Indiana regis
tered with the SEC $48,0O0,0 900 of
series F first mortgage bonds and
10000 shares of 500 par value cum
ulative preferred stock to retire old
bonds and preferred stock.
Consolidated Electric g. Gas Co.
contracted to sell Atlanta Gas Light
Co. to Southern Natural Gas Co. for
S11 100000 plus earnings of Atlanta
since April /, subject to approval of
regulatory agencies. Proceeds will be
used to retire most of Consolidated s
SO bonds of 1857 and 1862.
Electric Power g. Light Corp. will
sell its holdings of Dallas Power &
Light Co. common stock to Ameri-
can Power g. Light for SIT ,350, ,000
Union Pacific Railroad earned
SGT, ,273 800 or $1077 a share in
months ended July 81 VS.. $40, ,808,-
216 or 1881 year ago.
New York, Chicago g. st. Louis
Railroad net for months ended
July 81 was $8,1S4,782 or $22.70 a
preferred share VS.. $4,159,373 or
$l1.53 in the same 1914 period.
Colgate-Pa Palmolive- -Peet Co. earned
$3,182,547 or $1.49 a common share
in the first half of 1945 VS.. So, ,140,254
or $1.46 year ago.
Thompson Products, Inc, profit
for the half was 1882, 1856, or $500
VS.. $1,546,030 or $4.78 in the same
1914 period.
United States Freight Co. earned
$685., ,282 or Sill in the half VS.. $780,
689 or 81 cents a year ago.
Western Air Lines net for the hall
was $266,350 or IS cents VS.. $43, ,23S
or 10 cents in the same 1914 period
Sherwip- Williams Co. has de-
veloped a new wall paint mixed
with DOT to keep flies, mosquitoes
and other insects from a room fof
a long time
United States Rubber Co.. an
nounced new wearing apparel
fabric made from chicken feathers
Further tests will be required before
production can start, but the fabric
Is described as warmer, softer and
lighter than wool.
b. F. Goodrich Chemical Co
started production of new plastic
said to have good physical prop
critics for lenses, prisrns and elec.
trical insulators. The product /.
called Kriston.
Borden Co. announced its Caseil
Co. division would construct a plan
at Springfield, Greg, to produc'
100000 pounds of formaldehyd,
monthly. Production will start be
fore the end OF 1945.
United Air Lines will not objec
to the Ascent airmail rate propose,
by CAA, but as the rate would b
retroactive to January /, earning
for the first half would be cut &
$2,612,5O4 VS.. $2,924,837 q year ago
Net for the half was recently give
q, 1854, ,7S5.