Evening star., 1945-08-01
Business Briefs

Retail sales rose in June but
Commerce Department experts still
believe the wartime peak was
reached in March and the general
trend is downward. Sales of all re-
tail stores, chains and independents,
were only 2 per cent higher in the
second quarter than in the 1914 pc
Rod. First quarter sales were II
per cent above year ago.
Electric Power Production in the
week ended July % totaled ABA
G41 900 kilowatt hours VS.. 4,384,5 ,547,-
900 in preceding week and 4,390,762.-
900 in the 1914 week, the Edison
Electric Institute reports.
Wilson & Co., Inc, would recap
italiZe 274,005 outstanding shares of
Sc preferred stock. Stockholders in
September will vote on a charter
amendment on a 250,000-share issue
without par value.
Standard Oil Co. IN. J.) has ar
ranged with New York banks for a
S50,000000 loan at IL % to redeem
294 % debentures due in 1858.
Standard Oil Co. of Ohio is calling
for redemption on September 4 the
5 per cent cumulative preferred
stock outstanding at $l07.50 and any
unconverted shares of Az per cent
cumulative convertible preferred,
callable at S105.
General Baking Co. for half ended
June 80 had net profit of 1887 ,259, or
25 cents VS.. S788, ,489, or % cents in
the 1914 period.
Tidewater Associated Oil Co. re-
ports for the half consolidated net
income of 1892, 900, or S1.22 VS.. $6,-
$4,000, or 90 cents in the 1914 half.
U. S. Industrial Chemicals, Inc,
for second quarter had net income
of $475, ,139 or $109 vs. $43l ,620, or
$l.l5 in the 1914 period.
Pittsburgh Steel Co. reports for
the quarter ended June 80 net profit
of S429,741 or AZ cents VS.. $192,718 or
S116 in preceding quarter and a
net loss of $187 $40 in 1914 quarter.
Fairbanks Morse e. Co. reports for
half to June 80 net profit of $1,788,-
295, or $298 VS.. $l,056,066, or S3.lC
in 1914 half.
Holland Furnace Co. reports for
half to June 80 net rrofit of 1898 ,688
or 81 cents VS.. S479,736, or $1.06 In
first half of 1914.
Radio Corporation of America re-
ports net income for the half of S5,-
677, 100 or 295 cents on common VS..
S4, ,440,214, or 20.6 cents for the 1914
period.
Allis Chalmers Mfg. Co. reports for
the half ended June 80 net profit Of
$3,950,946, or $l89 VS.. $4,l28,22l, or
S2.l8 in the 1914 half.
Otis Elevator Co. for the half had
net profit of 81 1853, ,527 VS.. $1,295 ,920
or IS cents for 1914 period
Anchor Hooking Glass Co. reports
for year ended June 80 net profit of
. $1,789,868, or $214 VS.. $1,695 ,284, or
$2.l2 in preceding year.
Eagle Picher Co. for half to May
81 had net profit of $767 o96, or SO
cents VS.. $1,022, ,820, or $115 in 1914
period.
Commonwealth Edison Co. reports
consolidated net income of $11, 1885,
1876, or 80 cents for the half VS.. SILL
334, ,239, or 80 cents for 1914 period
American Safety Razor Corp. re-
ports for the half to June 80 net
profit of $601 ,879, or $127 VS.. $780,
073, or $126 in the 1914 half.
Studebaker Corp. reports net
profit for the half of $1,752 ,391, OF
rs cents VS.. $1,732,773, in 1914 period
American Airlines, Inc. have or
dered 20 more four-engine Douglas
DC-6 transports. The latest order
will give the system a postwar fleet
of rs f1agships.
Wallace E. Pratt has retired a,
director and member of the Execu
tive Committee of the Standard Oi
Co. IN. j.. An outstanding geolo
gist, Mr.. Pratt has been a directol
since 1887.