Evening star., 1945-06-03
Business Briefs
General Business Activitv is hc

General Business Activity is hold
Ing on even keel, according to the
index of Business Week, which in
the last week stood at 1854, un-
changed from the previous week,
and compared with 1918 a month
ago, 230.7 six months ago and 1852
a year ago.
State and Municipal Financing
scheduled for the coming week totals
$6,633, ,750 VS.. SOS, ,482 500 last week
and a weekly average for the year to
date Of SIS ,613,1l9, the Daily Bond
Buyer announced. On Tuesday,
Asheville, N. c., will open bids for
$500, 900 of water bonds and Charles
ton, w. Va, will market $3.50 900 of
general obligations.
Sperry Corp. arranged a V-credit
for $75 900 600 at 21a % interest with
SIS banks headed by the Bankers
Trust Co. of New York. Hamilton
National Bank Of Washington is
participating.
United Drug, Inc. announced its
subsidiary, United-Rexall Drug Co.,
sold $2l 900 900 Of go 20-year de-
bentures to insurance companies
and arranged a 100000 serial
bank loan for years at 214%. It
will redeem $4,000 900 of s4.75 pre-
ferred stock and s18,819, 900 of ga %
debentures.
B. F. Goodrich Co. untitled orders
on March 81 totaled S2O7, ,596 900,
largest in year and a rise of $37,-
8l9 900, compared with the end of
1914.
CrOsley Corp. will produce around
S50, ,000,0 900 worth of radios and re-
frigerators annually after the war,
predicted Raymond C.. Cosgrove,
vice president and general manager.
Less than IL, Of $4,000, 900 volume
in 1914 was for purposes other than
war, he said.
Metropolitan Edison Co. earned
81 ,06S,0 or 1854 a preferred share
In the March quarter VS., $996,O1 or
$7.97 year ago
Colts Patent Firm Arms Mfg. Co.
reported profit of $299 1892 or s1.52
share in l6 weeks ended April % VS..
a deficit of sl,1O0,580 in the same
1914 period
Kellogg Co. earned S3073,073 on
81 40 in 1914 VS.. S3,183 ,349 or s1.45 in
the previous year. Results were sub
Ject to renegotiation.
United Light e. Railways Co. net
for II months ended April 80 was
Sc, 103 1891 VS.. S6,1l6,907 in the pre-
ceding fiscal period
Beatrice Creamery Co. sales in
March and April totaled sl8.26l ATS
VS.. SIS ,940,904 a year ago, President
c. H. Haskell told stockholders.
Miller & RhoadS, Richmond de-
partment store, purchased a 3-story
building at Fifth and Broad for
S1,450, 900 as part of its postwar ex-
panslon program.
/ Equitable Life Assurance Society
reported insurance in force now ex-
ceeds $1,000 100000, a new record
and gain of s196, 100000 since the
start of l945. Assets also have risen
to new peak of SO ,532 100000.
Toledo, Peoria g. Western Rail-
road attorneys were invited by Fed
eral court at Chicago to meet with
Government counsel to determine
how and when the line should be re-
turned to its owners No date was
set for the conference.
Columbia Gas g. Electric Corp.
was granted postponement from
June to July II of reconvened
SEC hearing on a divestiture plan.
American Superpower Corp. in
vlted tenders to retire 1923 shares
OF first preferred stock Holders
were offered the choice of accepting
cash payment of sl30 a share or one
Of three exchange options.
Birmingham Electric Co. asked
SEC permission to redeem 12515
shares Of 81 preferred at the call
price of ITO and accrued dividends.
Stockholders will vote on the plan.
Aetna Life Insurance Co. made
available group life insurance to
partners and employees of concerns
which are members of the New York
Association of Stock Exchange
Firms
American Shipbuilding Co. sold
waterfront properties at Chicago
and Buffalo and a warehouse at
Cleveland. The Superior wis
shlpyard will be auctioned of June
rs.
Radio Corp. of American elected
Frank M. Folsom executive vice
president in charge of RCA-Victor
Division and John G. Wilson oper-
ating vice president.
American Safety Razor Corp.
elected Nathan Alexander vice pres
ident in charge of purchasing.
Deere & Co. elected H. L. BOYLE
vice president in charge of purchas-
ing, new office.