Evening star., 1945-08-31
Business Briefs

AtCtoh ddC U W ~
above a year ago in the last week
despite countrywide layoffS in war
plants, Dun & Bradstreet, Inc, an
nounced. A few retailers with large
stocks of war merchandise cut prices
drastically to prepare for peacetime
supplies.
Money in Circulation rose to ST.
600,000,000 on August %, a jump of
S94, 100000 from a week earlier and
$4,379, 900, 900 above year ago, re-
ported the Federal Reserve Board.
Union Pacific Railroad asked ICC
permission to reflnance S81 ,602, 900
of outstanding 3l2 Go series A mort
gage bonds by issuing a like amount
of 80 series B mortgage bonds
Series A bonds are redeemable at
106. They would be called Deem
ber l.
Bond Clothes, Inc, will construct
new plant at Rochester, N. Y, at
an estimated cost of S7,000,000
When it is completed the firm will
employe about 5000 persons vs. the
present 1000
Electric Auto-Lite Co. declared q
dividend of Is cents a common
share, payable October /. The firm
paid so cents a quarter previously.
Talon, Inc, raised the quarterly
dividend on common stock to SO
cents share from 40 cents, effective
with a payment September Is.
for the first half of 1945 was $685.
S1.35 in the same 1945 period
or S1.52 share in the first half
of 1945 VS.. S4,984,895 or $1.76 a year
ago.
Crown Zellerbach Corp. profit for
months ended July 81 was 81 ,878,-
221 or 54 cents VS.. s1,713,300 or 46
cents in the same 1914 period.
Armstrong Cork Co. earned ST.
884,671 or S126 in the first half VS..
s2,y41 ,814 or S1.37 a year ago.
Hart Schaffner & Marx profit for
monuths ended May 81 was S719,-
146 or $202 VS.. $846, 1872 or $238 in
the same 1914 period.
Farnsworth Television G. Radio
Corp. earned $251 ,901 or 18 cents in
months ended July 81 VS.. S276, ,654
or 19 cents year ago.
Atlas Plywood Corp. profit for IL
months ended June 80 was 81, 1872 ,445
or $215 VS.. $784,691 or SLAB in the
preceding fiscal period
Brillo Mfg. Co. earned $122,758 or
IA cents in the first half of 1945 VS.
$11o,855 or 70 cents year ago.
Westvaco Chlorine Products Corp
stockholders authorized issuance OF
100000 shares of new 1915 cumula-
tive preferred stock, part of which
will be exchanged for present pre-
ferred shares.
Nash-Kelvinasor Corp. will move
its final assembly line for refrigera-
tors from Detroit to Grand Rapids
at cost of around $4,000, 900 in the
next few months.
Libbey- -Owens-F Glass Co. is
approaching full-scale production of
fiat glass for automobiles and home
building at its Toledo plants. EN-
ployment is as high as just before
VI day and is scheduled to expand
further.
Grayson Shops, Inc, of California
plans to open 35 large centrally
located stores in key cities through
out the United States. The first will
be opened in Ell Paso.
Budd Mfg. Co. announced stain
less steel railroad cars will leave tn,
assembly lines at Bustleton, Pa, thi
fall.
Chesapeake g. Ohio Railway place.
orders for 2,190 hopper cars with twt
firms, American Car & Foundry an,
General American Transportation.
United Air Lines, Inc, will spen,
more than $500,000 in modernizin,
and enlarging ticket Offices along it
oast-to-coast system
General Bronze Corp. announce,
the resignation of Walter P. Jacol
as president.
Harlan & Hollingsworth Corr
elected Lewis A. Belding president.