Evening star., 1945-06-17
Business Briefs
General Business Activity sho

General Business Activity shows
little change, according to the index
|of Business Week, which stood atl
234.5 in the latest week, compared
with 234.2 In the previous week,
234.6 a mont hago, 1908 six months
ago and 235.1 year ago.
Steel Companies Earned Less than
In any preceding war year or any
good peacetime year, such as 1897
during 1914, despite the largest pro-
ductIon on record, the American
Iron and Steel Institute reported.
Dividends for stockholders were only
about 80 per cent of their 1887 levels
and about half their 1929 total.
r. J. Reynolds Tobacco Co. regis
tered with the SEC 400, 900 preferred
shares, 1t first public financing in
more thar Is years. Stockholders
Will vote June rs on a proposed
charter amendment authorizing is
suance OF $75,000,000 of preferred.
Holders will receive prior subscrip-
ton rights.
Standard Oil Co. of Ohio stock
holders will vote July % on a plan
to issue 100000 of cumulative pre-
ferred stock to prepay $4,000, 900 of
notes and redeem 4! per cent and S
per cent preferred stocks.
Louisville & Nashville Railroad
requested bids for purchase of S53,-
lis, 900 of first and refunding mort
gage bonds, series G, due in 20O3.
Bids will be opened July 2. Pro-
ceeds will be issued to redeem series
B bonds at 104 and series E bonds
at los.
Seeger-Sunbeam Corp. registered
with the SEC 100000 common
shares, to be sold by several stock
holders. The company resulted
from merger of Seeger Refrigerator
Co. and Sunbeam Electric.
Edison Bros. Stores registered with
the SEC $4,000 shares of cumulative
preferred stock to finance redemp-
ton of S per cent cumulative con-
Vertible preferred stock. StockhoId-
ers will vote on the plan this month.
Atchison, Topeka e. Santa Fe
Railway system earned $l6,230,O65.
OF $3.50 a share, in four months
ended April 80, VS.. $l3,4l4,OOO, or
$467, a year ago.
Chicago e. North Western Rail-
way net for four months ended April
80 was 5000, 500, or 1898, VS.. S.
1874, or $412, in the same 1914
period.
Wabash Railroad earned 50 ,3Oe =
l8O or s3.08 in four months ended
April 80 VS.. s2,097, 044 or s2,72 a
year ago.
E. R. Sauibb & Sons profit for
nine months ended March 81 was
$l,818,546 or $296 VS.. s1,667 1895 or
$2.78 in the same period a year
earlier.
American Potash & Chemical
Corp. earned sl,486,152 or s2.8l a
share in 1914 VS.. 81 ,382,6 or s2.62
in l943.
General Motors Corp. reported
common and preferred stockholders
for the second 1945 quarter totaled
423, 1897 VS.. 423,7O5 in the preceding
quarter and 423,752 a year earlier.
Thompson Starrett Co. arranged
TO buy two New York City buildings
from Mercantile Properties, Inc, for
$8,25o,0oo. They are leased at
present to F. w. Woolworth Co.
York Chemical Works was pur-
chased by the Eastern States Farm
ers' Exchange, a cooperative pur.
chasing association. The plant will
continue to manufacture fertilizer
kroehler Mfg. Co. registered with
the SEC 11,l05 shares of series A
preferred stock to be sold on behalf
OF group of stockholders.
General Cable Corp. called s3..
054 500 of series c 81, bonds TO,
redemption on July l6.
United States Rubber Co. an.
nounced new line of plastic up.
holstery for civilian use. known
as Naugahyde, the new materia
was described as both waterproof
and f1ameproof.
Ford Motor Co. reported cutbacks
in production of tank engineers
probably will place its Lincoln plant
on a 5-day schedule.
Radio Corp. of America appointed
James P. Veatch manager of the
Washington Office of the RCA
Frequency Bureau.
Bank Of America promoted Henry
A. J. Ralph to vice president.
Bendix Aviation Corp. elected
William T. Gossett general counsel
Pennsylvania Railroad promoted
E. w. Fisher to Southwestern
freight traffic manager with head
quarters in st. Louis. He has been
assistant general traffic manager
at Philadelphia