Evening star., 1945-12-04
Business Briefs

Sales of Chain Stores and mai
order houses in October approx.
mated ST SOB 100000, a jump of 149;
from the previous month and 80
above a year ago, the Commerct
Department estimated. All majo
lines showed substantial gains.
North American Co. was reported
negotiating for bank loan to hel,
finance retirement of 696,380 share
OF 5A% preferred stock AS tn,
shares are redeenlable at SIS, i
would cost $38,300,900 to retir,
them, exclusive of accrued dividends
and would raise bank Indebtedness
from around S22 2,337,000 to between
S55 100000 and S60,000,00O.
New York Central Railroad asket
lCC authority to issue $l7,700,O0O O
equipment trust certificates to hel,
finance purchase of stainless stee
passenger trains, 2 diesel freight To-
comotiveS, $50 hopper cars, 153 stee
coaches and other equipment.
TranScOntinental e. Western Air
Inc, sold $30,00O,OO0 of go sinkins
fund debentures to Equitab BILE Lift
Assurance Society to finance pur.
chase of 36 Constellation planes.
Allegheny Corp. sold 44,1OO share.
OF Missouri Pacific Railroad pre-.
ferred to Allen & Co. at an unspeci.
fed price. Allegheny also own.
$4,000 common shares of Missouri
Pacific.
ElectrOnic Corp. registered with
The SEC 10000 shares of 51a 9o cum.
ulatlve convertible preferred stock
and 100000 common shares. Around
800 OF the proceeds will be added
to working capital, The balance is
Tor the account of certain holders.
Wilson & Co. earned s5,O36,6OO or
Sl.55 a share in II months ended
October. 27 VS.. S7,353,79 or S27l in
the previous year
Hudson Motor Car Co. profit for
months ended September 80 was
Sl41,Oo6 or cents VS. $f,096.l39 or
BY cents IN the same 1914 period.
May Department Stores Co. sales
IN November totaled S25, 1853 900 VS..
SIT ,l65, 900 year ago; in II months,
1921 100000 vs. 1898 ,278,0OO.
Republic Industries, Inc, acquired
controlling interest in Geometric
Stamping Co. of Cleveland, auto
parts maker.
Engineers Public Service Co. di-
rectors accepted the S843, ZOO bid of
w. G. Gilman and associates for
common stock of Western Public
Service Co.
Middle West Corp. asked SEC per.
mission to sell from time to time
all or part of it's holdings in Mid.
land Realization Co. without a reg.
lStlatlon statement.
Adams-Mill Corp. declared a divi.
dend OF rs cents a common share
payable December 18, raising l94s
dividends to 50 VS.. SITS in 1914.
h. j. Reynolds Tobacco Co. de-
clared a year end dividend of &c
cents on common and B shares
payable December 26, bringing I94s
payments to $1.60 VS.. S1.50 last wear
A. o. Smith Corp. was awarded 9
contract Tor a pipe line from the
balkans to Russia. About 10000
tons OF steel plate will be required.
Baltimore National Bank stock
holders Will vote January on a
proposed increase in authorized
STOCK from 100000 to 125, 900 shares.
Pennsylvania Dixie Cement Corn.
adjourned special meeting to vote
on recapitalization plan until De-
cember IL.
Sears, Roebuck & Co. appointed
Charles H. Kellstadt national retail
advertising manager, effective jan
uary /.
Eastern Airlines renewed the man
agement contract of Capt. Eddie
R1ckenbacker, president and gen.
eral manager, for 10 years.
Chicago, Milwaukee, St. Paul g.
Pacific Railroad elected Leo T.
Crowley chairman and H. A, Scam
drett president.