Evening star., 1945-12-14
Business Briefs

Retail Trade was boosted 10 to
1leo above a year ago by brisk
Christmas buying in the last week,
reported Dun & Bradstreet, Inc.
Stocks were low and truck strikes
slowed deliveries in some sections.
Best food supplies in a long time
lifted grocery store sales.
Money in Circulation rose to $685.
$4,000 900 on December IL, gain of
$91 900 ,0C0 from week earlier and
$3,207 100000 above year ago, the
Federal Reserve Board announced.
The Day Before Christmas will be
quiet one in Wall Street. Both the
New York Stock Exchange and the
Curb Exchange will be closed, di-
rectors decided yesterday.
To Stabilize Interest Rates, the
United States Treasury was urged by
Aubrey c. Lanston, vice president
of the First Boston Corp. to increase
its certificate coupon rate from Is %
to 10. Otherwise a progression in
monetary and banking conditions
toward imitation will ensue, ne
warned.
Federal Meat RequisitiOning will
be resumed December 16 to obtain
needed supplies of top grades of beef
for the armed services. Federally-in-
spected plants will be required to
set aside 800 of their top grades of
beef.
In the Victory Loan Drive, life in
surance companies subscribed for
1850, 900 900 in Government securi-
ties, raising purchases in eight drives
to $17,770,000,00 the Institute of
Life Insurance disclosed.
North American Co. arranged for
an additional bank loan of $32, ,000,-
900 at t34Ho to help finance re-
demption of its S34,819, 900 of 5349o
preferred stock.
Standard Gas & Electric Co. ar
ranged tentatively for bank loan of
S50,00Q,000 to $55,000,000 to finance
retireisent of $59,000,000 notes and
debentures if Federal Court ap-
proves changes in the recapitaliza-
ton plan.
Chrysler Corp. is spending $75,-
100000 on plant reconversion, in
.cluding $18,000,000 for additions to
buildings, declared President K. T.
Keller.
Mead Corp. stockholders will vote
January % on a plan to authorize
100000 shares of new class of GU
mulative preferred stock and an in
crease in authorized common from
100000 to 10000 shares.
New York Central Railroad award
ed S17.700,000 of 1h9o equipment
trust certificates to Halsey Stuart &
Co. and associates on bid of 99.5l7.
Reoffering was planned at prices to
yield 0.9To to 1.75%.
Dallas Railway g. Terminal Co.
/. registered with the SEC 1852 500
shares of $40 par value common to
be sold at competitive bidding by its
owner, Electric Power & Light Co.
Columbia Gas & Electric Corp.
will combine its Seaboard and
Charleston groups of operating COM
pauies on January as further
step toward simplification.
Westinghouse Electric Corp. pur-
, chased the former Curtiss- Wright
, Aircraft plant at Cheektowage, N.
Y, from the Government for So
100000 and will spend $500, 900 to
s1,O00,000 adapting the plant to pro-
lduction of electric motors.
Northern Pacific Railway earned
$A,543, $3.50 or $5.86 a share in 10
months ended October 81 VS.. $8,641,-
028 or $3.48 year ago.
4 Missouri Pacific Railway net for
10 months ended October 81 was
s$l1, ,727 ,853 VS.. $14,202.7 TIA.
Southwestern Bell Telephone Co
n - nj
$13,147, ,8s9 year ago.
New England Telephone & Tele.
graph Co. net for 10 months was $8,.
401;e96 VS.. $3.50 1921 in the sams
1914 period.
Liquid CarbOnic Corp. earned ST..
522,585 or $19I in IL months endee
September 80 VS.. $1,747 ,40l or $2.2.
in the previous year.