Evening star., 1945-12-09
Business Briefs

| BUSINESS bTIefS
General Business Activity has ex
panded further, according to tn,
index of Business Week, which
stood at 1884 in the latest weel
VS.. 1879 in the previous week, 161. ::
month ago and 2307 year ago.
Cotton Production this year wa
estimated by the Agriculture De
partment at 9,l95, 900 bales of so,
pounds gross weight, compared
with forecast of 9 1858 900 a month
ago, an actual output of 1920, ,0Ol
Id 1914 and l0-year average O
IL ,293 900.
A SEC, ,000, 900 Loan to Mexico Il
help finance purchases of equipmen
and services /. in the United State.
was announced by the Export I'm.
port Bank.
American Rolling Mill Co. stock.
holders approved the proposed nfer.
ger of Rustless Iron g. Steel Corp
into their firm. Rustless holder,
will vote December %.
M. A. Hanna Co. stockholders will
vote December 18 on proposed mer.
ger OF their company with Besse.
mer Coal g. Coke Corp. Bessemel
holders will vote December IA.
Pressed Steel Car Co. registration
Of 1886 shares of 4heo preferred
has become effective and holder,
of record December z will have the
right to subscribe for the new shares
at the rate of one for each IL COM
mon shares held.
Chicago, Rock Island & Pacific
Railroad ordered around $4,000, ,O0C
of new passenger equipment and
started construction of new test
ing laboratory and other shop facili-
ties to cost $1,l90,0O0.
indianapolis Brewing Co. was
purchased by Alvin Bradin of Mil
waukee, who is president of brew
cries at Portage and Denmark
Wis. He, said 100000 would be
spent on expansion of the Indian
apolis property.
r. H. Macy & Co. announced VOL
ume of its New York store scared
to $1,l2l ,62l on Thursday, highest
daily mark on record, despite rain
Previous record Of $l003 ,008 was
set on December last year.
Sylvania Electric Products, Inc.
announced plans for merging Wa
bash Appliance Corp. January /
with Wabash Photo-Lamp Corp
and Birdseye Electric Corp. as a
wholly -owned but independently
operated subsidiary.
Montgomery Ward & Co. sale.
for November totaled s77,0l2,6l5. q
gain OF 3% from year ago; for II
months ended November 80, $685..
447.497, an increase Of Sc.
S. S. Kresge Co. sales in Novem.
ber totaled s2o,349,11s. an increase
of 1870 from a year ago; In II
months, $1s9 ,287 $50, a gain of 3.1%
S. H. Kress e. Co. sales for No
vember totaled sl1 ,946,,783, a gain
OF 0.3% from a year ago: for II
months, SLOT ,249 ,97l. a decrease of
2.5%.
Butler Brothers sales in Novem-
Der totaled s1l sos, ,27s, a jump of
1857 from a year ago: in IL
months, sllo,258, ,236, gain of
1876.
WaIgreen Co. sales for November
totaled sl0,5ll ,040, a gain of 9.9%
from a year ago: for IL months,
sl06 $40, ,224. a decline of 0.1Go.
Addressograph- -Multigraph Corp
earned $1,l43, 146 or 81 So a share in
IL months ended October 81 VS.
81 203, ,728 or $1.59 in the previous
year.
Armour & Co. declared a divi-
dend OF $3.50 to apply on arrear-
ages on the 6To prior preferred
stock, payable January 9. Accumu-
lations totaled $3.50 a share on
September 80
Godchaux Sugars, Inc, declared
dividend for SIPS on class 3
common, payable December 81
Previous payment was an initial
dividend of so cents December 26
1914.
Twin Coach Co. declared divi-
dend of one share of Divco Corp
common for each so shares of Twin
Coach common, payable January 3
American Hard Rubber Co. omit
ted the usual quarterly dividend of
25 cents common share because
OF reconversion losses.
Wagner Baking Corp. declared a
dividend of 40 cents a common
share, payable December "a, rails
ing l945 payments to 81 VS.. IS cents
in 1914.
Safeway Stores, Inc, sales in 4
weeks ended December l totaled
S56. 6.773,455, a gain of 11fo from a
year ago; in 48 weeks ended the
same date, 05,2l6,759, a gain of
04fo.
Lever Brothers Co. announced the
election of Henry F.. Woulfe as vice
president and general manager of
its Pepsodent division.