Evening star., 1945-09-18
Business Briefs

Life Insurance Sales in August
totaled S687, ,786, 900, a decline oi
1870 from a year ago, the Life In
surance Association reported. In
months, sales totaled $6,419, ,427 900
a gain OF 3.l% from year ago.
August Fire Losses in the United
States totaled $34, ,0s6, 900, a jump oi
11Go from year ago and the high
est for any August since 1890, the
National Board Of Fire Underwriters
estimated.
War Department Examinations
announced today included: Seiber-
ling Rubber Co., $1,378,252; Stand
ard Tube Co., 50 ,s92 ,O73; Ryan Aero
nautical Co., s2l 100000; Zenith
Radio, $510,433; National Pressure
Cooker. $685. ASS.
Northern States Power Co. asked
SEC permission to issue and sell al
competitive bidding $75 100000 o1
first mortgage bonds, due 1875, te
finance redemption of like amount
of 3la8o bonds, due 1867.
Nashua Mfg. Co. registered witt
the SEC an indeterminate mum.
Der of no-par value common shares
to be offered present holders at tht
rate of a new share for each 2 heid
Industria Electrica dc Mexico reg.
istered with the SEC 197,500 Amer.
ican shares of 100 peses (:2O pal
value. Proceeds of around $4,000 ,00t
will be used with $l0,0 ,000, 900 of Mex.
lean funds to establish an electrica
goods manufacturing business ir
Mexico under licenses of Westing.
house Electric.
Froedtert Grain & Mailing Co
offering of 10000 shares of $2.20 Gu.
mulative preferred stock, $50 paI
value, was marketed by Schroeder
Rockefeller IL Co. at $50 a share
Wilson & Co. stockholders author
ized issuance of 250,000 shares OF
new cumulative preferred stock.
Detroit Axle Co. profit for IL
months ended June 80 was IS ,O67, 1864
or SSH share VS.. s4, ,908, ,142 or $4.95
in the preceding fiscal period.
Continental Motors Corp. earned
s3,739, 1885 or $125 in 9 months ended
July 81 VS.. s4,050,757 or s1.35 a year
ago.
Bath Iron Works Corp. profit for
the first half of 1945 was $2,027, 900
or $4.85 VS.. 81 ,613 ,343 or $685. in the
same 1914 period.
Franklin Stores Corp. earned ST.
020,69o or $l46 in IL months ended
June 80 VS.. s834,173 or sl.20 in the
previous year.
Kroger Grocery e. Baking Co.
sales for weeks ended September
totaled $31 ,08S,178, a drop of 7%
from a year ago; for So weeks ended
the same date, $303,814,626, q de-
crease of .1%.
Niagara Hudson Power Corp. filed
with the SEC plan to merge Union
Bag & Paper Power Corp. into New
York Power 6z Light Corp.
Peoples Light & Power Co. plan
Tor recapitalization Of itself and
subsidiaries was approved by the
SEC.
United Air Lines reported pas.
senger miles In August totaled Co.
729,700, rise of $50 from a veal
ago.
Curtiss- Wright Corp. will shift
headquarters, key personnel anc
manufacturing facilities Of its air.
plane division from Buffalo to Co.
lumbus early next year.
Commonwealth e. Southern Corr
dividend Of $1.25 a preferred share
was approved by the SEC.
Chicago Surface Lines announced
an improvement program calling fol
1,275 new buses and surface cars to
cost $22, 900 900.
Sterling Drug, Inc, will construct
a new aspirin manufacturing plant
costing 81 soc, 900 at Trenton, N. j.
United States Rubber Co. produc.
tion OF iastex yarns for girdles, hos.
iery, swimsuits and other appare
will be doubled by January / anc
will exceed prewar levels by nexi
June. officials said.