Evening star., 1945-06-29
Business Briefs

Retail Trade maintained It's 1aSL
pace in the last week as vacation
apparel moved in peak volume, re-
ported Dun & Bradstreet. Inc. Sales
we're estimated 1870 to l79e above a
year ago.
Money in Circulation jumped to
s2e. .726 900 900 on June q, rise OF
S92 900 900 from a week earlier and
s4.207 900 900 above a year ago, the
Federal Reserve Board announced
Gasoline Stocks of civilian grade
totaled 46 500, 900 barrels on June Z3
VS.. 46,370,0 900 a week earlier and 49,
$4,000 year ago. the American Pc
troIeum Institute disclosed.
National Association of Securities
Dealers will not appeal the SEC de
cision which held that NASD did no
have authority to discipline member
for violation of price e-maintenanc'
agreements, said Wallace H. Fulton
executive director.
Wickwire Spencer Steel Co. direc-
tors accepted in principal the Col
orado Fuel g. Iron Co. boards plan
for merger of the two firms:
Pan American Airways terminated
ansAgreement for Atlas Corp. to un-
derWrite $25,O00,000 of stock flnanc-
ings The new shares will be offered
next week through syndicate
he$ded by Kuhn, Loeb & Co.
Pittsburgh Plate Glass Co. stock
holders will vote August % on a
plan to split common stock 4 for l.
Texas g. Pacific Railway invited
bids by noon July II on $4,000, 900
of general and refundlng mortgage
bonds to finance retirement OF
higher-cost debt.
Pennsylvania Telephone Corp.
registered with the SEC $500 900 of
first mortgage 27s% bonds, due
1915, and 70292 shares of 2.l% pre-
ferred for refunding purposes.
Bell Telephone Co. of Pennsyl-
vania declared dividend of So a
common share, payable June 80.
Previous payment was Sits. All
common stock is owned by A. T..
&T,
SSton Leather Co. declared A div
idd& of so cents a common share,
pa3&ble August /. Previous pay
HlQAtS "tIe oO CtlluS III OCCCiAUCl
and so cents year ago.
General Electric Co. will concen-
trate manufacture of air condition
ing equipment at its Bloomfield, N.
j. plant after the war.
Welch Grape Juice Co. plants will
beF operated starting this year in
conjunction with the recently
formed National Grape Cooperative
Association, President Paul Welch
announced. A large block of Welch
stock was sold recently to unidenti-
fed New York purchasers.
Bethlehem Steel Corp. called for
redemption on July 80 all outstand-
ing consolidated mortgage 25-year
3hT, series F bonds at los and ac-
crued interest.
Allied Stores Corp. earned s2,151,-
O09 or $105 a share in 3 months
ended April 30 VS.. 1851 ,297 or 73
cents year ago.
Collins g. Aikman Corp. profit for
3 months ended June was $807 ,946
orS$1.35 VS.. $447,963 or II cents In
the same 1914 period.
Emerson Radio & Ph0nograrh
Corp. earned $514,575 or $1.29 In rs
weeks ended, May S VS.. $454, ,292 or
$1.l4 a year earlier.
Eastern Gas g. Fuel Associates
Inc, net for IL months ended May
3l'was $3,503, ,080 or S6.40 on second
preferred stock VS.. 1927 800 or $5.6t
in the preceding fiscal period.
Unitei states Industrial Chemi
Gals. Inc, earned $3.50, ,795 or $4.4$
in, II months ended March 81 VS.
s1s68o,279 or $4.45 in the previous
year
Pennsylvania Railroad reported
net income of s42, ,463.635 on a gross
ofg$409, ,841 1881 for 5 months ended
May. 81 VS.. s42 ,662 1892 on $4l4, &c.,
497 In the same period last year.
Chicago g. North Western Railway
easned $7,037 ,855 or $5.82 In 1
months ended May 81 VS.. 81, ,497 ,64s
or $5.l6 . year ago.