Evening star., 1945-08-03
Business Briefs

Retail sales this week were 8 to
l3 per cent higher than the 1914
week but declined from a week ago
Dun & BradStreet, Inc, reports
Federal Reserve Board weekly
condition statement reveals that
money in circulation is above ST.
G00,O00,000 for the first time. The
total increased $204,000,00O in the
last week after net decrease of
$6,000,000 in the two previous weeks.
Bureau of Labor Statistics whole
sale price index rose 2I10 of / per
cent during the week ended July %,
the first increase since early June.
The index, 1858 per cent of the 1926
average, was 1/l0 of ! per cent be-
low the level at the end of June and
l.8 per cent above the 1914 week.
Colonial Stores, Inc, Norfolk, Va,
registered with SEC $4,000 shares of
per cent $50 par value cumulative
preferred stock to be exchanged for
52,478 shares of 5 per cent pre-
ferred stock,
Seaboard Air Line was authorized
by FEC to, build four portable radio
stations to experiment in railroad
communications at Hamlet, N c.
Federal Judge w. Calvin CheSnut
signed an order requiring new Sc
curitieS be dated January l, 1916.
Holders of old securities are due to
receive adjustment payments total
ing seven to eight million dollars.
Southern Pacific Co. has author
lied redemption on January of
S159, ,459 900 first mortgage bonds at
los and interest and the sale of
S125,000,000 in bonds secured by a
first mortgage.
National Steel Corp had net earn
ingS for quarter ending June 80 of
SO, ,453, ,183 or S1.56 VS.. $2,863, ,315 or
Sl.30 in 1914 quarter Net income
for the half is $6,883,171 or $3.12 VS..
S5,413, ,458 or $245 for the 1914 half
Phelps Dodge Corp. reports net
profit for half ended June 80 Of
$5,l56,275 or $102 VS.. $6,594,77 or
$130 for 1914 period
Sylvania Industrial Corp. reports
for half ending June SO net profit of
$436,529 or S105 VS.. $449, 1929 or S1.08
in the 1914 half.
Borg Warner Corp. reports net
income of $3,528, ,469.85 or S1.5l for
the half VS.. S4,091, ,61773 or $1.75
for 1914 period.
American Stove Co. for half to
June 80 had net profit of S544 ,495
or 81 VS.. S449 ,269 or 83 cents in
1914 half.
Amerada Petroleum Corp. reports
for June quarter net profit of ST.
371, 1923 or STA VS.. ST, ,340,957 or $1.7O
in 1914 period.
United Gas Improvement Co. re-
ported for year ended June 80 net
income of S1,510,102 or IS cents VS..
$l,772,590 or rs cents for preceding
year. ......
Merchants & Miners Transporta-
tion for quarter ended June 80 had
net income S104,391 or SIS cents VS..
$256,207 or $1.36 in 1914 quarter.
Food Fair Stores, Inc. with 90
stores in operation), and subsidiary
report for % weeks ended July IL
sales of $28,084 1882 and net profit OF
S478, 500, or $1.24 VS.. sales of S23, ,140,-
498 and net of $287 ,796, or 68 cents
for the 1914 period.
National Dairy Products Corp. re-
ports net earnings of $6,977, ,276 fol
the half or Sill VS.. $6,485,474 OIL
$l.03 for 1914 half.
Mack Trucks, Inc, net profit Is
Sl,46l ,S26 for the half ended june
30, or S2.44 VS.. 81 1865 1872 for the l944
period or 1928,
Chicago. Rock Island g. Pacifi,
Railway Co. total operating revenu,
for 1914 touched $l90, ,40l, LOG, ur
1870 over 1943 Net income wa
S26,415,9ls, down $10,621, ,78s "du,
principally to increased accruals O
$12.400,000 for Federal excess profit
and income taxes" Freight revenu
was set at $131, ,523, ,322, passenge
revenues at $44,499, ,l64, new peak
for the road.