Evening star., 1945-12-23
Business Briefs

General Business Activity has ex-
panded further, according to the
index of Business Week, which stood
at 1903 for the latest week VS.. 170.1
in the previous week, 1879 month
ago and 230.8 year ago.
For the First Time in Years,
Pittsburgh steel mills will observe
the Christmas holidays, reducing
the weeks production to 62.5 per
cent Of capacity. All mills will cur
tail operations on Christmas Day
and some are planning q two or
three day shutdown.
Cotton Textile Business slackened
further during the last week as the
industry approached the annual
period of shutdowns for inventory
purposes and plant repairs.
Textron, Inc, announced 1t had
acquired Nashua Mfg. Co., producer
of blankets, sheets and fabrics.
Textron has purchased more than
rs 900 of 10000 outstanding shares
at 500 share and offered the
same price for the remainder.
Consolidated Vultee Aircraft
Corp. was reported negotiating for
purchase of As per cent stock in
terest of American Car g. Foundry
In ACF-Brill Motors Co.
Edison Bros. Stores stockholders
will vote in January on a plan to
split common stock 2 for /.
McCrory Stores Corp. stockholders
authorized issuance of 10000 shares
of new class of preferred stock
OF 500 par value and an increase
in authorized common from 1885,
900 to / 400, 900 shares.
Radio Keith -Orpheum Corp. sol,
$22 ,000, 900 or go debentures t,
Equitable Life Assurance Society
Proceeds will be used to retire sub
stantially all existing debt of RKC
theater companies and repay all ad
vances due them from RKO.
Chesapeake & Ohio Railwa,
earned $13,573,274 or SLIT shar,
in II months ended November 81
! VS.. SIS, ,53l, 069 or 1888 a year age
Erie Railroad net for IL month
was 81. .095 ,63l or $l.73 VS.. So, ,453 "a
or $l.88.
/ Pere Marquette Railway earne,
2,l8S,847 in II months VS.. $2,76l,
409 q year ago.
| American Power 4 Light Co
| profit for months ended Septem
ber 80 was $2,918,330 or $l.64 OF
combined preferred stocks VS.. So,
465 1851 or sl.95 in the same 1874.
| period.
Electric Power & Light Co. earnet
81, ,748,844 or S2.27 on combined frs
preferred stocks in months endet
September 80 VS.. sl,532,012 or s1.s!
a year ago.
Ell Paso Natural Gas Co. net fo
I IL months ended October 81 wa.
| 81. los, ,89l or $3.50 common shar,
VS.. $2,284 ,026 or 1882 in the preced
ing fiscal period.
i Florsheim Shoe Co. earned 81.
0OS ,98l in II months ended october
81 VS.. $944,l37 in the previous year
Horn T. Hardart Baking Co. prof
Tor IL months ended September 81
was 1853 ,l83 or 1914 VS.. $588, 1893 O
$5.9l IN the preceding fiscal period.
i Kelsey Hayes Wheel Co. reportet
a deficit of $l86,327 for month
ended November 80 VS.. a profit o
$44S, ,623 in the same 1914 period.
Borden Co. will spend aroun.
$23, ,000, 900 for improvement and re
placement of equipment in 1916
including the purchase of motor We
hicles of all types.
/ Chicago & North Western Rail
way ordered $4,000, 600 worth of, ney
equipment, including a $4,000 Oo
Il contract with General American
transportation and another for 81.
100000 with Pullman-Standard.
u. l. du Pont de Nemours T. c.
, VIII spend 81 600 coo for expansion q
fprmAldehyde production at thegTo
isdo .phnt OF its GrasselI ehernica
l REQ Motors, Inc, reported its ne,
AVN mower division has two model
ready for market and said the,
would introduce new levels of pre-
|, Ictsion" in manufacture and perform
lance.
4 Delta Air Corp. changed its Of
ficial name to Delta Air Lines, Inc.
and elected Collett Everman Wool
man president to succeed C. E. Falk
who became board chairman.
j Bethlehem Steel Corn. appointed
Norborne Berkeley vice president O.
the company and William H. Col.
Inns vice president of shipbuilding