Evening star., 1945-08-28
Business Briefs

Surplus Property Inventories
reached S2,o17.2 .249,000 at the end of
July, the Surplus Property Board
announced. July devlaTations to-
tailed S446 556O0O Property which
cost S4l926.000 was sold for $l3.-
1000 in the month Low July sales
were attributed mainly to priority
rules
American Telephone Il Telegraph
Go. registered with the SEC Sl60.-
00G0J0 Of 30-year 234G debentures
to finance retirement of a ike
amount Of 81 debentures, due
1866, at 105 and accrued interest on
December l. Sealed bids will be
opened September "a,
Armstrong Cork Co. registered
with the SEC l61. .522 shares CT no
par value cumulative preferred stock,
part Of which will be offered in eX-
change Tor - cumulative preferred
on a Share-fOr- share basis. Com
mon holders will be given rights to
Subscribe at the rate of l for each
l3 held. New funds will be used for
expansion.
FrOedlert Grain & Mailing Co.
registered with the SEC 1000 shares
OF $50 par value preferred stock to
increase working capital. The price
will De fixed later
Greak Northern Railway received
high bid of 985679 for $4,000 900
OF general mortgage 3lslc bonds,
series N and o, from HalSey, Stuart
d Co. and associates. ReOffering
was planned at 100 for N bonds and
90 35 for the o bonds.
Southern Pacific Railroad invited
bids on SIPS 100000 of new first
mortgage bonds, divided into 3 Sc
rleS and maturing from 1861 to 1896.
Bids will be received up to noon
September H.
Murray Corp. of America stock
holders will vote September II on a
plan to issue 100000 cumulative con-
vertlble preferred shares and in
crease common stock from 100000
to 100000 shares to finance post
war expansion. An initial 104 500
shares Of preferred would be Of
fered holders.
Bethlehem Steel Corp. employ
ment will be stabilized probably at
lo0,0OO by September Is, rise Of
bO . from the preWar peak Of 1887,
SAID President Eugene G. Grace.
Rustiess Iron & Steel Corp. an
nounced a S2,400,000 construction
program for its Baltimore plant.
Atlas Power Co. will double ca
paclty Of its Zapon division by ad-
dltIons to plants in Stamford, Conn,
and North Chicago
General Electric Co. will start pro-
ductlOn of home radios October |
and will begin making television and
frequency modulation receivers soon
alter.
Eureka Vacuum Cleaner Co.
turned cut its first vacuum cleaners
since April, 1912, and expects to
reach its preWar production rate by
the end of 1945.
Apex Electrical Mfg. Co will begin
production of washing machines,
vacuum cleaners and ironers in
September.
Hudson Motor Car Co. will roll it's
first l946 models from the assembly
line Thursday.
Minneapolis Honeywell Regulator
Co. production of peacetime products
VIII reach preWar peaks by mid
september and will be boosted an
other 800 by the end of October
officials announced.
American Cable g. Radio Corn
profit for the half was Sl,390,O52 or
40 cents share VS.. S1,246,36 or. Il
cents on fewer shares in the same
1874 period.
Raytheon Mfg. Co. earned s3,419,-
20l or S3.37 in II months ended May
81 VS.. S2,665,7l9 OF $3.50 in the pre-
vious year.
Neisner Brothers, Inc, profit fol
the first half of l945 was 1888 ,059 OF
$3.50 VS.. S306,615 or $125 in the same
1914 period.