Evening star., 1945-10-08
Business Briefs
Unemployment From Reconve

Unemployment From Recover
sion will not be serious in most in
dustrial centers, the Committee for
Economic Development declared
after a spot check of "a communi-
ties.
Victory Loan Subscriptions by in
surance companies will be limited to
.l5To of their United States security
holdings or Sc of total assets on
December 81, whichever is largest.
Savings institutions are limited to
twice the increase in their assets
from July to September 30, plus
70 OF Government security holdings
on June 80.
Freight Loadings In the final 1945
QUARTER are expected to drop so be-
low a year ago, the Association OF
American Railroads announced
Three of its advisory boards forecast
gains, but predicted declines.
Corporate Offerings of new securi-
ties for cash reached $944,000, 900 in
July, a new monthly high since 1929
the SEC reported. Many issues
which might have been offered in
June, were delayed until after the
Seventh War Loan drive.
New Securities Offered Today in
cluded: 100000 shares of Raytheon
Mfg. Co; $2.40 cumulative convertible
preferred at 51h and dividends; 3d.
600 cumulative AZ preferred of
Bullock's, Inc, at 103- and 100,75O
common shares at 1884; 10000 COM
mon shares of George w. Borg Corp.
at IA, $4,000 common shares of
American Bantam Car at 63s.
. Gar Wood Industries, Inc, reg
istered with the SEC 10000 shares
of cumulative convertible preferred
stock to be offered later this month.
Public Service Electric G. Gas Co.
of New Jersey was ordered by the
State Utility Commission to effect a
S57 ,926, ,686 reduction in the book
value of its properties.
Canadian National Railways
called for redemption, on December
Is, s50.5O0,000 of 80 bonds.
Eagle Picher Co. earned $1,105 ,041
oIs $I.24 share in months ended
August 81 VS.. S1,495, ,038 or S1.65 a
year ago.
Woodward Iron Co. net for 9
months ended September 80 was
S608, ,030 or $180 VS.. S592, ,608 or SITE
in the same 1914 months.
Outlet Co. profit for 6 months
ended July 81 was $27S,157 or $2.7e
VS.. S259, ,484 or $261 in the same
1874 period.
B. F. Avery g. Sons Co. earned
S313,517 or $1.89 in IL months ended
June 80 VS.. .S290,763 or S1.73 in the
previous year.
General Motors Corp, Buick Divi.
sion, announced passenger models
for 1916, the series so, the series
10 and the series 40, which embody
major changes in design.
Radio Corp. of America an.
nounced its first postwar line oi
radios and combination radios.
Grumman Aircraft Corp. is pro-
ducing a new fighter plane, the
Bearcat, which is said to outper-
form all other Navy planes. The
Navy revealed details.
Campbell Soup Co. elected Ceci
B. Annett vice president and Alois
B: Heilig treasurer.
international Shoe Corp. expects
I'd complete reconversion in so to 81
days. Earnings have declined In
the transition to peacetime pro.
duction.
lehman Corp. net asset value was
ss0.77 a share on September 80
highest since its formation in 1929
It compared with S46.73 on June 80
Carriers & General Corn. net as.
set value equaled $I097 a common
share ON September 90 VS.. $8.85 al
the end of 1874.
Chase National Bank announced
its affiliate, the Chase Bank. is pre-
pairing to reopen branches in China
Managers are en- route to Shangha
and Tientsin.