Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-12-28
Business Briefs

heIaH ITade remained 10 u
~. above year ago in the las
week, reported Dun & Bradstreet
Inc. December is ending with the
largest volume ever recorded TO
that month.
Money in Circulation expanded II
s28 $40 100000 on December. 26, I;
further gain of S92,000000 from /:
week earlier and S3,3l4,000,000 abov
a year ago, the Federal Reserve
Board announced.
Electric Power Consumption in thu
week ended December % totaled A.
239 ,376.000 kiloWatt hours VS.. 4,154,
06l 900 in the previous week and 4,
6l6,975 900 in the like 1914 week, thu
Edison Electric Institute disclosed.
Colonial Airlines registered witt
the SEC 91400 common shares tt
be offered present holders for s2t
share at the rate of one for each
3 shares held. Proceeds will bt
used for expansion.
Detroit Harvester Co. registered
10l,769 common shares to be Offered
publicly to finance retirement of ST..
100000 of bank loans and expansion
United Corp. plan to reduce com.
mon shares from 24,000,000 to 49,
26l,551 and change the par value
to 81 was approved by the SEC. A
reduction in preference shares from
100000 to 1,214,700 also was ap-
proved.
American Gas G. Electric Co. re.
ceived SEC permission to retain its
central system" in Michigan, In.
diana, Ohio, Virginia, West Virginia
Tennessee and Kentucky. but was
ordered to divest itself of Scranton
Electric, West PittSton- Exeter Rail.
road and Atlantic City Electric.
Sears, ROebuck & Co. created new
Eastern and Southern territories
each headed by a vice president
Gordon B, Hattersley, operating vict
president since 1899. will head the
Eastern territory. including the Dis.
,rlct Of Columbia.
Bendix Aviation Corp. expects Il
sphnd S25,000,000 for purchase anc
m9dernization of plants and facili.
ties needed to carry out present
peacetime plans.
Distillers Corp. Seagrams, Ltd.
profit for months ended October
81 was $6,143,5 SCI or $341 a share VS.
S5,603 ,094 or $40 in the same 1914
PERIOD
Consumers Power Co. earned ST..
020,241 or S949 on combined pre-.
ferred stocks in IL months ended
November 80 VS.. $7,415,122 or 5000
in the previous year.
Cherry Burrell Corp. profit for Il
months ended October 81 was $780,
1853 or $1.0l common share VS.
$533000 or $104 in the preceding
fiscal year.
Bulova Watch Co. earned S1,4O8,-
568 or S2.17 common share in 3
months ended September 30 VS.
S8l7 ,941 or $126 year ago.
John B. Stetson Co. net for Il
months ended October 81 was $406,-
9S4 or $134 VS.. $45S,731 or $1.51 in
the preceding fiscal period.
r. X. Porter, Inc, announced sale
of the freight car wheel foundry of
itsS Mount Vernon Car Mfg. Co. to
the Electric Auto-Lite Co. for ar
undisclosed amount.
United States Steel Corp. an
nolnced its subsidiary, United States
Steel Supply Co., has acquired g.
acre tract in Southeast Cleveland
ana will construct warehousing.
Mack Mfg. Co. turned out its first
41.passenger bus at its Allentown
Pa, plant. Full production will be
10fbuses day.
Mona Electric Corp. purchased all
stock of Estate Stove Co. of Cleve-
land, Ohio, for 100000 cash ano
$4,000 common shares of Mona.
American Locomotive Co. elected
Duncan w. Fraser board chairman
and Robert B. McColl to succeed
him as president. william c. Dick
erpaan retired as chairman but will
remain on the board.
Prudential Life Insurance Co
elected Carol M. Shanks president
to succeed Col Franklin D,olier
who retired.