Evening star., 1945-11-18
Business Briefs
Wholesale Business in

week was about even with the pre-
vious week and slightly ahead of
year ago, reported Dun S5 Bradstreet,
Inc. Buyers crowded big markets
in search of merchandise. Deliv-
cries were slow.
Airline Revenues this year will be
about 500 above 1944. according to
Standard e. Poor's Corp. Despite
cuts in mail rates and passenger
fares, earnings also will be higher.
Copper Consumption continues to
take all domestic output and at the
present rate will total 10000 to
1875 900 tons in November VS.. l04 ,104
In October and 83,478 In September.
Municipal Financing scheduled
for the coming week totals IS BAL 500
VS.. $8,343 800 last week and a weekly
average for the year to date of $22.-
79l Sal. the Daily Bond Buyer dis
closed.
Safeway Stores, Inc, completed
arrangements for 20,000,0 900 of term
bank loans. Proceeds were used to
call for redemption $l4,000,000 OF
3Ii 60 debentures and repay So, 600 900
CT existing bank loans. The balance
was added to cash reserves.
Hammermill Paper Co. registered
with the SEC s5,000,000 of 20-year
80 sinking fund debentures and
$4,000 shares of 500 par value Gu
mulative preferred stock to finance
expansion.
Allegheny Corp. registered 100000
shares Of 81 par value common to be
offered for the account of Allan P.
Kirby, president, and 2 directors.
National Linen Service Corp. reg
istered 10000 shares Of 500 par
value 41a9o cumulative convertible
preferred to be exchanged for SO
and To cumulative preferred.
TextrOn, Inc, called for redemp-
tion on December II its $4,875 900 of
Az % debentures at 1929. Rights
to convert into common at $l6 6.662s
share will expire December 7.
AtchisOn, Topeka e. Santa Fe Rail-
way system earned $23,152,811 or
S7.62 a share in 9 months ended
September 80 VS.. s34, ,269, ,104 or $l220
year ago.
Erie Railroad estimated net in
come for 10 months of 1945 was So
074,9l1 or $1.79 VS.. $6,127 ,938 or $181
in the same 1914 period.
Wabash Railroad earned $4,698, 1853
or Sc 10 in 8 months ended Septem-
ber 80 VS.. $4,443,970 or $5.67 a year
ago.
New England Telephone & Tele-
graph Co. profit for 9 months was
$7,579 ,097 VS.. $7,058,563 in the same
1914 period.
Braniff Airways, Inc, earned $376,-
SAT or 81 cents in months ended
September 80 VS.. $319 ,S02 or 80 cents
year ago.
Diamond T Motor Co. profit for
months ended September 80 was
1858 ,029 or 81 cents VS.. 1897 992 or
"a cents in the same 1914 period.
Buckeye Pipe Line Co. earned S702,-
100 or GA cents in months ended
September 80 VS.. s749, ,327 or 68 cents
year ago.
Chicago Yellow Cab Co. profit for
9 months was $243, ,587 or 95 cents
VS.. $274 1858 or SLOT in the same 1914
period.
Glen Alden Coal Co. declared a
dividend of so cents a common share,
payable December 20, raising 1945
payments to 50 VS.. 81 go in 1914.
American Mfg. Co. declared a
year-end dividend of 621z cents on
new common, payable December 81,
and equal to $3.50 on old stock prior
to a 4-for-1 splitup. The firm paid
$1.50 on old stock year ago.
Mengel Co. declared an extra of
20 cents and a quarterly dividend of
10 cents common share, both pay
able January 2. raising 1945 decla-
rations to so cents VS.. 40 cents in
1914.
Chamberlin Co. declared an extra
Of Is cents, payable December 81
and a quarterly dividend of IS cents
payable December Is, raising the
1945 total to rs cents VS.. go cents
in 1914.
photographic Corp. declared q
dividend of Is cents a common
share, payable December l, lifting
1945 payments to 81 VS.. so cents last
year.
Sperry Gyroscope Co. elected P R
Bassett president to succeed r. E
Gilmor who resigned.
Pullman Standard Car Mfg. Co
elected James B. Rosser vice presi-
dent in charge of Eastern sales.
Cudahy Packing Co. elected J. w
Christian, D. K. Sanders and Hugo
WeSin vice presidents and directors