Evening star., 1945-01-23
Business Briefs

Civilian Clothing Shortages, par
ticularly mems apparel, are indi-
Gated in New York wholesale mar
kets, the Wall Street Journal re-
ported. Reduced supplies for spring
included: Mems shirts, 500 to 60fs
of last years stock; work clothes,
500: sweaters, less than 500 !;
dresses, 500 to 75eo; pajamas, 609o
or less.
Record Crude Oil Production of
5,074.850 barrels a day in February
has been recommended by the PAW
This was an increase of 34,050 daily
over the certiflcation for January.
New York City awarded S75 ,000,-
900 serial bonds to large banking
syndicate headed by Chase Ma
tional and National City Banks on a
bid of 100.033 for an overall interest
rate of 1.8737%o.
Missouri Kansas Texas Railroad
paid off an RFC loan of $2,314,02
obtaining S2,000,000 of the fund!
from banks. The RFC returned
about $13,400,000 of the roads bonds
pledged as collateral.
International Telephone & Tele.
graph Co. negotiations for sale of it,
Spanish telephone subsidiary tt
Spanish interests currently involve
around $70,00O,00, the Associated
Press reported.
Associated Gas g. Electric Corp
petition for a modification of 1874.
order requiring Investment of its
Philippine Island properties will be
heard by the SEC February g. The
firm said the Philippine govern
ment had asked it to help rehabili-
tate the properties.
Southern Railway Co. directors
placed common stock on a SO annual
basis with declaration of quarterly
dividend of rs cents, payable March
Is. Earnings for 1914 were 500 ,261, :
814 or $1484 a share VS.. $23, ,528, ,588
or 1881 in 1943.
Norfolk e. Western Railway Co
reported net income for 1914 was
S22, ,190,745 or S15.14 q share VS.
S22, 1877 ,249 or S15.A in the previous
year.
Island Creek Coal Co. earned 81
10000 or S336 in 1914 VS.. 81, ,244 ,221
or 1882 in 1913.
Pond Creek POcahOntas Co. net
for 1914 was S550,000 or 1924 VS.
s556,989 or 1928 in the previous
year.
Fidelity & Deposit Co. of Mary.
land earned S1,555, ,738 or $1296 ir
1914 VS.. S1,515,550 or Sl2.62 for 1943
M. A. Hanna Co. declared divi.
dend of 25 cents a common share
payable March 13 to holders o.
record March 5.
Cupboard Marine & Mfg. Co
stockholders voted at their annua
meeting to split the common stocl
2 for l.
Tri-Continental Corp. assets OF
December 81 totaled $39, ,173,150 o.
$225 a preferred share and $727 {
common share VS.. $32, ,760,010 ol
s179.65 a preferred share and $4.6,
a common share year earlier.
Selected Industries, Inc, asset
on December 81 totaled $29, ,153 ,05
VS.. $24,630, ,463 at the end of 1943.
National Investors Corp. assets OF
December 81 totaled $12065 ,876 o
s816 share VS.. $10,557 ,841 or $6.8
year carrier.
American Stores Co. sales in De
cember totaled s21.518,598, gain G
7.2To over a year earlier; for 1874.
$216,283 966, an increase of $50
over 1913.
Melville Shoe Corp. sales for De
cember aggregated $4,495, ,344, a gai
of 119%a over a year earlier; for l944
$37,051,17 drop of $50 from 1874;
General Electric Co. reported 1874
net income after renegotiation re
manned at $44 1922 ,846. The firm wi
refund $6,935,l51 to the Government
but itswill be charged against re
serves.
American Telephone & Telegrap
Co. announced creation of a me-
area plant Office of its long lines de
partment at Atlanta,