Evening star., 1945-07-01
Business Briefs
General Business Activity ha,

General Business Activity has de-
clhhed further, according to the
index of Business Week, which stood
at 2226 for the latest week. COM
pared with 2236 in the previous wek,
227.3 a month ago and 1851 year
ago.
Arms Production in May slid down
to $4,000 900 900, within III of the
objective, but 79o less than in March.
when the country was flgting on
two fronts. WPB Chairman J. A..
Krug announced war contract cut
backs in May totaled $7,668, 900 900.
Liquid Assets held by individuals
and businesses rose from S66 ,000,,-
900 900 in 1899 to S194 900 900 900 at
the end of 1914, the Federal Reserve
Board reported. The total still is
expanding at the rate of about
$50 600 900, 900 a year and at that
rate now stands around $2l9, ,000,-
600 600.
Sterling Drug. Inc, offering of
900 shares of $3.50 preferred
stock will reach the market tomor-
row and will be priced at 1924.
American Distilling Co. shares at
tracted the attention of SEC market
investigators ny their recent sharp
rise. President Russell r. Brown of
| the firm said he knew of no reason
for the advance.
Johns -Manville Corp. registered
with the SEC 10000 shares of new
3l29c cumulative preferred stock of
500 par value, convertible into COM
mon stock. and 10000 common
! shares reserved for issuance upon
conversion of the preferred.
| Brooklyn Trust Co. reduced inter-
est on personal unsecured INSTALL
ment loans to 56go from the for
mer rate of Sc.
| WHY'S Overland Motors, Inc, will
start production of Jeeps for civil
| ianS in August at the rate of 5000
to 1000 units a month.
! FirestOne Tire & Rubber Co.
earned S6,98l 806 or s308 a share in
months ended April 80 VS.. S6,626,-
! 652 or S288 in the same period a
| year earlier
! Mueller Brass Co. net for 6 months
ended May 81 was S662,7ll or s2.08
VS.. $620,279 or Sl96 in the same
period a year ago.
/ Pacific Telephone d Telegraph
Co. estimated profit for 3 months
ended June 80 was S5 ,402 900 or 81 SO
VS. $5.063, ,007 or S156 in the same
/ 1914 period.
Kroger & Baking Corp. earned
/ S2.471 ,293 or sl34 in "a weeks end
ed June 16 VS.. S2,29l ,280 or SIPS a
year ago.
National Airlines net for IL
months ended May 81 was Sl29 ,579
or 26 cents VS.. sl0,5l1 or cents a
year earlier.
Chesapeake Corp. of Virginia
earned 1926, lao or $308 in "a weeks
/ ended June II VS.. S357 .l52 or n
cents year ago.
Great Northern Railway net for
/ months ended Nav 81 was S4,167,-
909 or $l.34 VS.. $4.438 ,264 or SLIT in
the same 1914 period.
/ Northern Pacific Railway earned
! s2,887 .2l9 or S116 in 5 months end
ed May 81 VS.. S3,277,850 or $1.32 a
( year ago.
yirginian Railway Co. net for 5
months ended May 81 was SO ,057, :
/ 98l on a gross of S13,224. .513 VS..
| S2,657 ,977 net on s12, TAP ,493 gross in
the same 1914 period
Ford Motor Co. reported a surplus
of S685 ,034 ,092 at the end Of 1874 VS..
/ S669, ,l02 ,290 at the end of l943.
Susquehanna Mills declared a
cash dividend of Is cents and stock
dividend at the rate of / common
share or each 25 held, both payable
| july %.
Continental Foundry & Machine
Co. elected w. C. Snyder, jr., presi-
dent and general manager to sue
ceed G. N Hermann, who retired
because of i'll health.