Evening star., 1945-12-02
Business Briefs

General Business Activity in the
latest week remained unchanged
according to the index of Business
Week, which stood at 1879, same as
IN the previous week, and compared
with 1884 a month ago and 230.7 a
year ago.
Prices of Farm Products advanced
to 20596 of the 1909-14 average In
mid-November, compared with 1897
a month earlier, the Agriculture
Department announced. The No
vember index was 10 below its
wartime peak of June and July.
Paper Production for the week
ended November "a was 914%s OF
capacity VS.. 96.4% in the previous
week and 1929 a year ago. the
American Paper & Pulp Association
reported.
Stock Exchange Membership solo
Friday for $4,000, up $4,000 from
the previous sale. Seats were quot
ed at $4,000 bid and $50 900 asked
Celanese Corp. and Tubize Rayon
Corp. directors signed a merger
agreement, under which each Tub
lze common share will be converted
into 2s of share of Celanese and
each Tubize preferred share will be
converted into preferred share of
Celanese.
General Electric Co. declared a
dividend of 40 cents a common
share, payable January Is, raising
1945 declarations to $1.60 VS.. S1.4(
in 1914.
Interstate Department Stores de.
clared dividend of 35 cents a COM
mon share, payable January Is
llftlng the fiscal years payments to
81 40 VS.. 81 in the preceding year.
Heyden Chemical Corp. declared
a year end dividend of IS cents q
common share, payable January 3
raising 1945 declarations to SIPS VS.
30 cents last year.
National Aviation Corp. declared
distribution of So, payable Decem-
Der 81, raising the 1945 total to S2.2
VS.. rs cents in 1914.
Chicago, Burlington & Quincy
Railroad earned $2l ,O74.183 or $12. 81
share in 10 months ended October
81 VS.. $16,450,3 1861 or 1888 a year ago
Wick Chemical Co. profit for :
months ended September 80, was
5! ,4o7 ,o20 or $2.07 VS.. s1,245 ,4O2 OF
$l:83 IN the same 1914 period.
United States Gypsum Co. earned
S3,549,4l6 or $2,62 in 9 months ended
September 80 VS.. $3,193, ,674 or S2.32 q
year ago.
E. r. Squibb & Sons profit for the
September quarter was $781 1884 VS.
$481 ,440.
Diamond Match Co. earned ST.
523, ,232 or S12l in 9 months ended
September 80 VS.. 81 900, ,448 or $1.32
a year ago.
Ell PasO Natural Gas Co. net fol
II months ended September 80 was
S2,O72,982 or 1927 VS.. S2,34O 1862 OF
$3.72 in the preceding fiscal period
McQuay-Norris Mfg. Co. earned
S77O,4l2 or $2.14 in 9 months ended
September 80 VS.. $473, ,229 or sl.38 a
year ago.
Anaconda Wire & Cable Co, profit
for 9 months was S64O, SOB or 81 50
VS.. 1922, ITO or S2.l9 in the same 1914
period.
Hayes Industries. Inc, reported a
oeHclt OF S279,ll5 for months
ended October 81 VS.. a profit OF
1921 100 or 50 cents share a wear
ago.
McCrory Stores Corp. stockhold-
ers Will vote December q on pro-
posed authorization of 10000 shares
OF the new 500 par preferred stock
and an increase in authorized com
mon from 1,250,00O to l,4OO ,OOC
shares.
Beneficial Industrial Loan Corn
called for redemption on January
all prior preference stock of the
$3.50 dividend series of 1888 al
$3.50 share.
American Power & Light Co,
plan to retire the assumed South.
western Power & Light Co. 60 de.
oentures at lis and accrued inter-
est was approved by the SEC.
Observation-Disclosures Railroad
elected Henry L. Hammack of Kan.
saS City to the board. He sue.
ceeds Willis D. Wood of New York