Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-05-09
Business Briefs

Demand Deposits of member
hanks in 101 leading cities totaled
soy, lat 100000 on May 2, gain of
S4o,00O.000 from a week earlier and
81, 498, 100000 above a year ago re-
ported the Federal Reserve Board
March Retail Volume approxi-
mated S6.350, 100000, an alltime rec
ora and 14Go above a year ago. the
commerce Department estimated
First quarter sales were estimated
at s16.970,0 900 600, a gain of 12es over
a year ago.
National Tea Co, stockholders ap-
proved issuance of 10000 shares of
4l4% cumulative preferred TO be
sold privately to insurance com
panies and othe institutions.
New York Central Railroad de-
clared dividend of so cents a COM
mon share, payable July Is. Previ-
Gus payments were 81 last January
Is and so cents July Is, 1914.
Pittsburgh & Lake Erie Railroad
declared dividend of 81 a common
share. payable June IS. In 1943 and
1914, dividends of $3.50 each were
paid in June and December.
Frank G. Shattuck Co. declared a
dividend of Is cents common
share, payable June 81. The firm
paid Decent dividend in March.
Ohio Oil Co. earned $3.4I1.230 or
% cents share in the March quar-
ter VS.. $3,954,575 or 60 cents a year
ago.
Curtis Publishing Co. profit for
the quarter was $685. 1870 or $1O.73
On second preferred stock VS.. S792.-
269 or $315 on the second preferred
in the same 1914 period.
MonSanto Chemical Co. earned
S1,454, 463 or 81 cents in the quar-
Ter VS.. s1.132,353 or 70 cents year
ago.
Southeastern Greyhound Lines
ret for the quarter was S40S $3.50 or
% cents vs.. S492,243 or 81 cents in
he same 1914 period.
Clayton e. Lambert Mfg. Co.
craned S287,7 or S1.55 In the quar-
-er VS.. $82,716 or A cents a year ago.
Cushman's Sons, Inc, profit for
6 weeks ended April 81 was 1921 ,343
7 Sl276 a preferred share VS.. $228,-
So or $12.87 preferred share in the
me 1914 period.
Weston Electrical Instrument Co.
lrned S116,996 or 70 cents in the
arch quarter VS.. $137,076 or IS
''1tS year ago.
Bigel0w-Sanford Carpet Co. net
r the quarter was $202,892 or SO
hts VS.. 1882 ,268 or 81 cents in the
ne 1914 period
General Telephone Corp. profit for
months ended March 81 was ST.
4,181 OF, $2.08 VS.. 81 ,831 1866 or So. 19
the preceding fiscal year.
Joy Mfg. Co. earned S340. 871 or 70
-nts in six months ended March 81
:. $3.50 ,009 or S1.0l a year ago.
Walgreen Co. sales for April to-
aied S8,861 1857, drop of 6.1qo from
year ago; for four months. $685.
1892, a decline of 3.1To.
S. H. Kress e. Co. sales for April
otaled 1851 1897, a decline of 1880
rom a year ago; for four months,
$37 $50 SIG, drop of 30.
Gulf, Mobile G. Ohio Railroad d.
rectors ordered filing of an ap-
plication to the ICC next week for
authority to purchase and operate
l0e ALTON railroad.
Budd Wheel Co. production after
the war will exceed prewar volume
President Edward G. Budd told
stockholders. Net for 1914 was
81 ,307 ,460 or s1.32 VS.. s1,088,611 or
$1.10 in 1913.
Great Western Sugar Co. expects
the largest production in 2 years
as the beet crop is off to good
start, stockholders were told.
International Paper Co. profits in
the March quarter were slightly
below year ago, Chairman Richard
j. Cullen told stockholders.
United States Steel Corp. elected
Alexander c. Magic to the board to
SUCCEED the late Leon Fraser.