Evening star., 1945-01-09
BusinessBriefs

Sales of Chain Stores and mail
order houses set a new record of
SIS, 500, 100000 in 1914. a gain of
around 7 per cent over 1943. the
Commerce Department estimated
Federal Reserve Bank Earnings in
1914 totaled S58,OO0,000 VS.. S50OO0.-
900 in 1943, the Federal Reserve
Board disclosed
Short Position in Stocks listed on
the Big Board totaled 1,390,713
shares on December %, compared
with 1,436,271 at the end of No
vember, the New York Stock Ex-
change announced.
A S114,00O,QRp Offering of pa %
consolidated Federal Farm Loan
Bonds, due 1855, was made by the
II Federal Land Banks at 10oss %
and interest to yield about 22qo
Pennsylvania Railroad awarded
s5l ,782 900 of 31s % bonds. due 1885,
to large syndicate headed by Kuhn,
Loeb & Co. on a bid of 100000. Re-
offering was, planned at l0163 A
group headed by Halsey, Stuart &
Co., bid 99.5799
Southwestern Public Service Co.
registered with the SEC SIT 500, 900
Of 31s% first mortgage bonds, due
1874. and $4,000 shares of 500 par
value cumulative preferred.
Seryel, Inc, offering of $4,000
shares of $3.50 cumula tive preferred
stock was marketed at Sl05 plus ac-
crued dividends by group headed
by Kuhn, Loeb & Co.
Sears Roebuck & Co. sales for
December totaled s1l9 1922 908, rise
of 22.3% over a year earlier; for
II months ended December 81,
$40. .889 433, a nincrease of 1885,.
Safeway Stores, Inc, sales in
'yeeks ended December 30 totaled
1896 sos, a gain of 15.3qc over
ear ago; in 50 weeks ended the
same date. $3.50, ,624, ,966, an increase
Of 1159e over the previous year.
Lerner Stores Corp. sales for de-
cember were $12.133,958, a gain of
1910 over year ago; for II months
ended December 81, s81 ,545 ,944. an
increase OF 1870.
Canada Dry Ginger Ale, Inc,
stockholders approved an increase
IN authorized common stock from
100000 shares to 100000 and an
increase in authorized preferred
from 30,208 to 10000
S. S. Kresge Co. sales in Decem-
Der totaled $32.519,084, a gain of
$40 overa year ago; in IL months,
$216 ,456 ,482, an increase of SO over
l943
South Porto Rico Sugar Co. earned
S6,107,0 ,025 or $765 a share in IL
months ended September 80 VS.. S4,-
600.920 or $5.63 in the preceding
fiscal period.
Superior Oil Co. of California re-
ported net profit of 81 ,443, 1886 or $3.41
in months ended November 30 VS..
$899,279 or $2.13 a year ago.
National City Bank earned $23.-
914,374, or 1886 in 1914 VS.. S17.559,-
800 or $283 in 1943.
Guaranty Trust Co. of New York
announced operating earnings of
$18,318,760 in 1914 VS.. $16,617,544 in
security profits of S4,642,50 VS..
$4,336,114
Western Pacific Railroad bonds
totaling $10,000,000 were sold by the
RFC to Beer, Stearns & Co. at
102.835 and accrued interest.
General Electric Co. exercised op-
tons on around 100 acres of land
in Ashtabula, Ohio, for postward
erection of plant to cost between
$4,000 900 to $5,000,0 900. Refrigera-
ton units will be manufactured.
Air Reduction Co. announced for
nation of Airco Export Corp. to
consolidate and direct a world wide
export business for subsidiaries.
Lehigh Valley Coal Co. stock
holders approved merger with
Northern Field Coal Co.
Baltimore & Ohio Railroad car
loadings in the week ended jan
nary totaled 59.792 VS.. 51,764 in
the previous week and 66 ,449 in the
like 1914 week.