Evening star., 1945-05-29
Business Briefs

Consumer Credit Restrictions
should not be removed when auto.
mobiles and other durable goods
begin to hit the market, the Fedora
Reserve Board indicated Continu-
ing need for curbs on instailment
buying as a check against imitation
was outlined in its monthly bulletin
Meat Production at Federally in.
spected plants in the week ended
May 26 approXimated 5000 ,00(
pounds vs. 268 100000 in the previ-
ous week and BAL 900, 900 in the like
1914 week., the War Meat Boaro
estimated.
Warner Brothers Pictures, Inc.
announced term bank loan o
Sl7,000,000 at go from groul
headed by New oYrk Trust &C
Proceeds will retire $4,000 900 of AZ
debentures and a $10,OOO0OO banl
loan carrying interest of 234qe.
Simmons Co. negotiated banl
loan of $4,000, 900 from banks ane
an insurance company. 1t will rur
IA years and carry interest averag
ing less than $50. Proceeds will re.
tire 40 debentures, due 1852, or
July 16.
Hamilton Watch Co. stockholder
will vote June Is on plan to cal
32799 shares of SO preferred anc
sell to common holders a new con.
vertible preferred carrying love-
dividend.
Illinois Central Railroad system
earned S6,809, ,484 or $4.74 a Shar,
in 4 months ended April 80 VS.
S6.o93,952 or $3.50 a year ago.
Seaboard Air Line Railway earned
s6,826, ,427 on gross of S48, 8,203 ,38s
in the 4 months VS.. s7909,O13 or
S49,273,285 a year ago.
Atlantic Coast Line Railroad net
for the months was $3,828, 1872 on q
gross of $54,258,424 VS.. IS 5,958,779 or
s55,o96,316 in the same period last
year.
Newport News Shipbuilding g. DRY
Dock Co. earned $5,072,419 or $500
iii 1914 VS.. S4,947,045 or IS. in l943
Lee Rubber g. Tire Corp. profit fol
months ended April 30 was $776,.
t2S or 1921 VS.. S644,863 or $267 &
YEAR earlier.
Hat Corp. Of America earned
S235,645 or IS cents in six month.
ended April 80 VS.. $247,08l or g.
cents year ago.
Hercules Motors Corp. net for tn,
March quarter was s32O,619 Or $40:
VS.. s261, ,164 or "a cents in the sam,
1914 period.
Duquesne Light Co. earned $40,
0S5, 200 or $404 in IL months endee
March 81 vs.. S10,540,4 ,401 or S4.26 ii
the previous year.
Union Pacific, Chicago g. NORTH
Western and Southern Pacific rail.
roads jointly ordered more than $2,.
100000 worth of Diesel electric pas.
Senger locomotives and UP alon,
ordered another 100000 of Diese
electric switch engines.
United Gas Improvement Co. askec
SEC permission to sell 10000 capi.
tai shares of Nashville Gas e. Heat.
ing Co. to Tennessee Natural Ga.
Lines, Inc. for s1,100,OO0 or SIS {
share.
Consolidated Grocers Corn. wa.
incorporated under Maryland Law
and will control Reid Murdock &
Co.; Sprague, Warner-Kenny Corp.
Western Grocer Co., Marshall Can.
ming Co. and Dannemiller Grocer,
Co. Col. A. A. Sprague, chairman
of Sprague, Warner, will be chair.
man. Component firms have an.
nual gross volume of $100 0OO, 900.
Williams Oil o matte Heatins
Corp. stockholders approved merger
with Eureka Vacuum Cleaner Go
and officials said Eureka stockhold.
ers also had approved the plan.
Wells Fargo & Co. merged Well.
Fargo Cuban-Mexican Corp. to pave
the way for postwar expansion ir
the United States. Cuba and Mex.
leo.
Ford Motor Co. purchased an 50.
acre site near Atlanta. Ca. for 9
postwar assembly plant and part
depot. which will be designed to as.
senble $50 cars daily.