Evening star., 1945-06-05
Business Briefs
Sales of Chain Stores and

Sales of Chain Stores and mail
order houses in April totaled S1,181,-
100000, drop of so from year
ago and first year-to-year recession
since December, 1943, the Commerce
Department disclosed.
Electric Operating Revenues OF
the large privately-owned utilities
in April totaled s259,684, 900, a gain
of 30 over a year ago, but net in
come of SAL ,843,000 was 43To below a
year ago, the FPC announced.
Koppers Co. solved its integratior
problems by conSenting during 90.
minute SEC hearing to the entry ot
a commission order requiring it tc
dispose of Eastern Gas & Fuel Asso.
ciates.
Standard Oil Co. New Jersey
properties in France and Italy suf.
fered heavy damage during the war
but present indications are the COM
pany's European holdings can even.
tually be restored to operations
President Ralph w. Gallagher tolc
stockholders. Reserves for recon-
struction seem adequate, he added.
Southern Pacific Railroad system
earned s11,731,o11 or S3.11 share
in 4 months ended April 30 VS.. S14,-
628,664 or 1888 year ago.
New York Telephone Co. net for 4
months ended April 80 was S9,327 ,990
VS.. $6,948,836 in the same 1914 period
Bell Telephone Co. of PennsyI-
vania earned S3,410,347 in 4 months
ended April 80 VS., s3,012,956 year
ago.
R. G.. LIE Tourneau, Inc, profit for
4 months ended April 80 was $685.
992 or S145 VS.. $691, ,297 or $l,44 in
the same period last year.
Hayes Industries, Inc, earned
s21S,227 or IS cents in months
ended April so VS.. $299,21l or 90
cents a year ago.
Norfolk Southern Railway net for
4 months ended April 80 was S28, ,267
VS.. S38,o98 in the same 1914 period.
HI. l.. Green Co. sales for May to-
tailed $5,108,620, drop of 4.4To from
a year ago; for months, S20,559,- =
O91, gain of AZ.
United States Plywood Co. de-
clared a quarterly dividend of 20
cents, payable July 20, placing COM
mon stock on an 80-cent annual
basis. AS the common was recently
split 2 for l, the dividend is equiva-
lent to Sl60 year on old stock,
which had received $1.20 year since
1910.
Panhandle Eastern Pipe Line Co
stockholders will vote July 6 on a
plan to call all $50 cumulative pre-
ferred and issue 10000 shares OF
new Sl00 par value preferred with a
dividend rate not expected to ex-
ceed 81
Burlington Mills Corp. stockhold-
ers will vote June % on plan tc
retire 58,602 shares of SO preferred
and refund 100000 of debt by is
suing 100000 new preferred shares.
Corning Glass Works purchased
from the Canadian government q
plant at Leaside, Ont, for the man.
ufacture Of complete line of baking
ware.
Federal Water Works g. Gas Corp
asked SEC permission to sell hold.
ings in Peoples Water & Gas Co. te
R. M. Sheriff of Chicago for ST.
111,835 cash.
Continental Engineering g. Man.
agement Corp. changed the name O.
Jacobs Aircraft Engine Co.. to Re.
public Industries, Inc. Continenta
now owns $50 of the stock.
Mt. Vernon Car Mfg. Co. received
an order for Is aluminium -stee
hopper cars from Corporation Peru,
ana del Santa of Peru.
Eureka Vacuum Cleaner Co
merger of Williams Oil-o-Matit
Heating Corp. was effected. H. w
Burritt continues as president O.
Eureka and William A. Matheson
former Williams president, wa.
elected vice president.
General Motors Corp. elected F
J.. Burke, w. G. Lewellen and Frank
=. Pierce vice presidents.