Evening star., 1945-01-14
Business Briefs
eneral Business Activity remain

General Business Activity remains
about stable, according to the index
OF Business Week, which stood at
231.1 in the latest week, compared
with 23l 2 in the previous week, 230.8
a month ago, 234.6 six months ago
and 1881 year ago.
Cash Dividends reported publicly
in 1914 totaled $685. 100000 in 1914,
compared with $3,568 300 900 in the
previous year and $3,942 ,O00, 900 in
prewar 194l, the Commerce Depart
ment reported.
Farm Cash Income in 1894 set a
new record of $21 POT 900 ,OOo. COM
pared with $l9,924 900 in 1943, the
Agriculture Department estimated
Included were Government pay
ments totaling $817, 7,000, 900 VS.. $672,-
600 900 in 1943.
State and Municipal Financing
scheduled for the coming week totals
So ,905 900 VS.. $50. .469 500 last week,
the Daily Bond Buyer disclosed. A
$50 100000 offering of New York
City serial bonds expected January
16 was postponed
Philip Morris e. Co., Ltd, stock
holders approved retirement of out
standing cumulative preferred
shares through issuance OF new
class of preferred bearing a lower
dividend rate.
Electric Boat Co. received a Every
large order" for 105-mm shells.
Exact size of the order cannot be
revealed. but it will keep the firms
yard open indefinitely, instead of
being closed in the spring as had
been planned.
Southern Railway asked ICC per-
mission to extend until December l,
1899, contract with Atlantic Coast
Line Railroad under which the
Southern operates over ACL tracks
between Savannah, Ga. and Jack
sonville. Fla.
Niagara Share Corp. stockholders
approved plan to offer preferred
stockholders an exchange of their
SO preferred for new 4hTo con-
vertible preferred shares.
Kennecott Copper Co. sold all out
standing stock of Alaska Steamship
to unaffiliated interests for s4290,-
600 cash.
Northern Pacific Railway earned
$9,975 ,527 or $402 a share in IL
months ended November 80 VS.: $l9.-
705 ,583 or s794 in the same 1943
period.
Colonial Stores, Inc, sales for So
weeks ended December 80 to.aled
$97 ,656. .626 VS.. $50 900, ,794 in the pre-
vious year, gain of 7.4ee.
| q = NurHH~ ..l.~
cember totaled $13,685 $50 VS.. $ll,-
505, ,306 In December, 1943, a gain OF
1897.
Edison Bros. Stores, Inc, sales for
December were 5000, ,426. a gain of
27.8% over a year earlier; for 1914
$44, ,544 ,522, an increase of 1875 over
1943.
American Cyanamid & Chemical
Corp. is building plant to manu-
facture commercial alum on a 40
acre tract near Hamilton, Ohio.
Chicago, Milwaukee, ST. Paul &
Pacific reorganization plan, re-
Gently approved by stockholders, will
con before Federal Court at Chi
cago again February 20.
'AAoAA ASs VvaAhCE q 70. lOEHeQ
a new firm, Standard Laborities, Inc,
to handle its proprietary drugs and
toiletries.
United States Rubber Co. an
nounced a new process of tire pro-
duction, the 2200 denier rayon meth
Cd has increased output sharply.
1t uses fewer plies, but provides
stronger tires. the company said.
Studebaker Corp. appointed Raul
Davis general sales manager to sue
ceed S. Scott Fletcher, now on leave
with the CED.
A. o. Smith Corp. elected Rae F..
Bell chairman to succeed the late
L. r. Smith.
Girdler Corp. elected George O.
Boomer president to succeed the late
Walter H. Girdler.