Evening star., 1945-09-09
Business Briefs
Wholesale Volume Ia

Wholesale Volume last week was
substantially even with the previous
week and slightly under year ago,
Dun g. Bradstreet, Inc, announced.
In all lines, retailers stressed quail
ity in their requests. Food volume
rose further with the gradual cas-
ing of supplies.
Retail Coal Orders for home de-
liveries are way behind schedule.
despite prospects for one of the
tightest coal situations this winter
in any peacetime year, reported the
Bituminous Coal Institute. Public
inertia was laid to preoccupa tion
with world news.
Domestic Air Express Shipments
in July totaled 1852 VS.. 134, ,053 a
year ago, a gain of $50, the Rail-
way Express Agency announced.
Paper Production for the week
ended September l was 952To of ca
pacity VS.. 95.4To in the previous
week and 89.4% a year ago, the
American Paper & Pulp Association
disclosed.
Municipal Bond Issues scheduled
for the coming week total s12,273,-
900, compared with only $1,731 900
in the last week and a weekly av-
erage for the year to date of S23,-
059 606, the Daily Bond Buyer an
nounced.
Engineers Public Service Co. ex-
poets to file with the SEC tomorrow
a 3-part plan for Investment of
assets under the holding company
act. 1t provides for final liquidation
of Engineers or merger with Vir-
ginia Electric & Power Co. with
common holders of Engineers to re-
ceive direct interest in VEPCO
common.
Standard Oil Co. Gndiana) started
construction of new research lab
oratory in Hammond, Ind. to bring
together research workers now scat
tered throughout the Whiting plant.
The staff will be enlarged.
National Supply Co. directors ap-
proved a plan to refund $29 100 100
of prior preferred stocks by issuing
SIT 900 900 of new cumulative pre-
ferred and bank loans of S12 2,000, 900.
Holders will vote on the plan Oc-
tober IT.
Crown Zellerbach Corp. filed with
the SEC a plan to offer 3,103
shares of new first preferred and
l76, $50 shares of convertible second
preferred to holders of the present
S. preferred stock at the rate Of
two-thirds of first preferred share
and a third of a second preferred
share for each outstanding share.
Rustless Iron g. Steel Corp. ar
ranged $500 900 10-year 2ec loan
with the New York Trust Co. to help
| finance retirement Of s4,0O0,000 Of
81 fc debentures on September 26.
United States Steel Corp. sub
sidiaries announced new basing
points for stainless steel products
at Chicago and Cleveland It was
the first time stainless steels have
been based outside of Pittsburgh
Sperry Corp. earned s4.259,l16 CT
s2.1l a share in the first half of
l945 VS.. S4,413,267 or s219 year
ago.
National Power & Light Co. and
subsidiaries reported net income for
IL months ended May 81 was S4-
2o7,017 or n cents VS.. s4.137116 or 70
cents in the preceding fiscal period.
Interstate Department stores,
Inc, earned 1891 .89l or S1.27 in s
.months ended July 81 VS.. 1892 1896 or
Sl.27 year ago.
Schenley Distillers Corp. an
nounced a subsidiary, Blatz Brewing
Co.. would enlarge its Milwaukee
plant at a cost Of SO ,500.0 900 and in
crease capacity from 100000 to
2,250,0O0 barrels of beer annually
Butler Brothers sales in August
totaled s10,35o,9 ,903, drop of 3eco
from year ago: in months, S76,-
066 $50, gain of 2!4Gc.
Walgreen Co. sales for August
totaled $9,869, 1876, decline of 0.6co
from a year ago; in 8 months,
IS75,91l,10 drop of l.5Ts.
| ]. ]. Newberry Co. sales in August
totaled $7,779 ,235, a gain of $50
from a year ago; in months. s59,-
696 .84A, an increase of 71eo.
!, Western Auto Supply Co. sales in
August totaled s5,l97 900, a gain Of
/ 14.7ec from year ago: in months,
s32 $780, 900, an increase of 1926.
! S. HI. Kress Co. sales for August
5 totaled SO 9,643 .314, drop of So from
, a year ago; in months, SIS .648. 1856,
a decline of 49,.
Marlin Rockwell Corp. declared a
dividend of so cents a common
share, payable October /. Previous
/ payments were rs cents.
Borg Warne' Corp. declared a
dividend of 40 cents a common
share, payable October /.
International General Electric Co.
elected w. R Herod president to
: succeed Clark H Minor. who retired
Commodity Prices
NEW YORK. Sept s-The Associated
: Press weighted wholesale prices index oi
35 commodities today declined to I01 90
. ! ner Qd ( I'M preria,,s dar 1n- OIL. ,rash