Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-12-21
Business Briefs

Retail Trade in the last week was
hampered by severe storms in some
sections, but late Christmas buyins
held store sales So to 1919 above 8
year ago, reported by DUN & Brad.
street, Inc.
Money in Circulation expanded te
$2s, 557, 100000 on December 10, 9
gain of $l87 900 900 from a weel
earlier and 1921, 900 900 above 8
year ago, the Federal Reserve Boart
announced.
Bank Ciearings In "A leading cit.
les rose to $13,756, 1875, 900 in tn.
week ended December 10 VS.. $13 1885,.
2S7, 900 in the previous week ane
s12,5l6,62s,0oo in the like 1874 week
Cotton Spinning Operations ir
November were at 104.6es Of capac.
ity. VS.. 1857 in the previous month
and ,1N.6se a year ago.. the Censu,
Bureau disclosed.
Freight Loadings in the week end.
ed December Is totaled III, 5s4 cars
drop Of So from the previous
week, bat $3.50 above a year ago.
Chesapeake d Ohio Railway In.
vited bids from equipment makers
for construction of ! 900 lightweight
sleeping cars at cost OF abou,
100000 900.
New York. New Haven & Hartford
Railroad asked Federal Court per.
mission to- purchase $50 stream.
lined. passenger cars at cost o,
sl3, 100000. ..
Pennsylvania Railroad earned $4s,.
S78 ,952 or $3.71 a share in 10 month,
ended October 81 VS.. SIS, $50, 034 O
S4.22s q year ago. y
Union Pacific Railroad net for II
months ended November 80 was
$3l, aS6, 767 or $12.70 VS.. 500. 056, $40 OF
SASS. =, .....,
New. York, Chicago g. st. Louis
Railroad earned So ,260, 1893 or $22.9
on preferred stock in IL months
ended November 80 VS.. $6,573,l11 OF
$l6.23 a year ago. -.
United States Smelling, Refining
T. Mining Co. profit for II month,
ended November 80 was 81, Al, 1865 OF
$500 q preferred share VS.. 81 ,8s4 ,931
or u cents common share.
Columbia Pictures Corp. earned
$5A, 900 or $l.26 a common share In
8 months ended September, 20 VS.
$3so,Ooo or 86 cents. a year ago.
Dresser Industries, Inc., estimated
earnings for the year ended October
81 were 81 800, 900 VS.. 81 $50, 359 ir
the previous year.
F.. e. Myers & Bro. Co. net for Il
months ended October 81 was STA.
533 or 1887 VS.. $700,673 or $3.50 ir
the preceding fiscal period.
Southern Railway Co. was author.
tied by, the ICC to acquire control o.
the Atlantic g. Charlotte Air Lin,
Railway by purchasing l5,719 share.
of Air Line capital stock at an option
price Of $3.50 share.
American Home Foods, Inc, sub.
s,diary of American Home Product!
Corp, Is negotiating for acquisition
Of Chef Boy-Ar-Dee Quality Foods
Inc, Milton, Pa.
American Steel & Wire Co. vii
spend more than 81 ,000. 900 at 1t:
Waukeean, Ill, works to expand
production of stainless steel wire
The work viii require IL months.
General instrument Corp. ar.
ranged a bank loan exceeding H..
100000 to finance purchase of r. w
Sic1es CO.. maker Of radio fire.
qnency coils and tuning devices.
baltimore 4 Ohio Railroad &C.
cepted bid by Irving Trust Co. 81
an interest rate Of i.5eo on 81 200 ,O0t
OF equipment notes to help financ,
purchase q 500 steel hopper cars.
standard OIL CO. New Jervey)
elected Frank w. Abrams hoarf
chairman to succeed Ralph W. cal.
lagher, who viii retire December q
after - years with the company
Bethlehem Steel Corn. electef
arthur B. Homer president to s,,c.
coed 2. g. Grace, who as boar
chairman, will remain the Arm,
chief executive officer.