Evening star., 1945-10-07
Business Briefs

General Business Activity has de-
clined further, according to the in
dex of Business Week, which stood
at 1890 in the latest week VS.. 161 G
in the previous week, 175.5 a month
ago and 2308 year ago.
Paper Production for the week
ended September 20 stood at 979o of
capacity VS.. 94.3%o in the previous
week and 93.5% a year ago.. the
American Paper g. Pulp Association
announced.
Rejecting Increasing Market In
terest, a Curb Exchange member
ship sold for 1880, up $4,000 from
the previous sale, and new peak
since 1887. A seat on the New York
Coffee g. Sugar Exchange brought
$500, a gain of $700 from the pre-
vious sale, and highest since 1888.
Colorado Fuel g. Iron Corp. stock
holders approved the proposed mer-
ger with Wickwire-Spencer Steel
Co. Holders of the latter firm ap-
proved the merger September 20.
Abitibi Power e. Paper Co. reor-
ganization plan was approved by
holders of go preferred shares.
Common stockholders gave their ap-
proval Thursday. Holders of TO
preferred will vote tomorrow and
unsecured creditors Wednesday.
Humble Oil e. Refining Co. will
spend around $6,000,000 a month on
drilling in the last half of 1945.
The program includes 600 new wells
VS.. 252 completed in all of 1943.
Reading Co. plan to merge IL
subsidiaries was approved by stock
holders Of all affected firms. Ap-
plication for ICC approval will be
filed shortly.
General Motors Corp. leased the
big North American Aviation plant
at Kansas City, Mo, for 5 years and
will employ around 5000 workers
in the assembly of Pontiacs, OldS-
mobiles and Bucks.
Engineers Public Service Co. and
subsidiaries earned $8,001 1892 or
$308 a share in II months ended
August 81 VS.. $6,195, ,694 or $208 in
the previous year.
Virginia Electric & Power Co. net
for II months ended August 81 was
sc, ,683 SOB VS.. s4,955 ,346 in the pre-
ceding fiscal period.
Allied Stores Corp. profit for IL
months ended July 81 was S8,067,-
1893 or $3.50 VS.. S6,896, ,459 or 1921 in
the previous year.
Sears, Roebuck G. Co. sales for
September totaled S8l,756,56S, a
decline of $3.50 from year ago; for
I8 months ended September 80,
$622 ,020,573, a gain of 21%.
Lerner Stores Corp. sales for Sep
tember totaled $6,969, ,426, a raise of
1870 from year ago; for months
ended September 80, $58 ,544,294, an
increase of 76go. 80
w. T. Grant Co. sales in Septem-
Der totaled $13,345 ,46s, drop of
1857 from year ago; in months
of 1945, $119 ,539 JOG, gain of 40.
Butler Brothers sales for Septem-
ber totaled $9,033,149, q drop of $50
from year ago; for 9 months,
$87 ,099 ,499, an increase of 1%o.
j. J. Newberry Co. sales in Sep
tember amounted to $7,600,073, a
gain of 10 from a year ago; in
months, s67 ,496,917, a gain of $50.
W. " Iuuiphy w. ooASo AOi up
tember totaled $6,761 ,902, a decline
of 4.3%o from a year ago; for 9
months, $64 1854 $40, an increase of
92%.
Walgreen Co. sales in September
totaled $9,725,187, a decline of 32%;
in months, $85 ,636, ,306, down 1.7go.
Lane Bryant, Inc, sales for Sep
tember were $3,18s,537, down 1870;
for months, $26 ,636,819, gain of
$50.
A. S. Beck Shoe Corp. sales in
September totaled s2,772,e39. a gain
of 3.3Go; in 9 months, $21 1888 ,068, a
drop of 80.
American Power e. Light Co. re-
ceived SEC permission to sell pri-
vately 10,589 900 of Montana Power
Co. SO depentures at 100.527 plus
interest.
E. l.. dupont de Nemours G. Co.
started construction of an addition
to its Clinton, Iowa, cellophane
plant to meet heavy postwar de-
mand.
Mullins Mfg. Corp. announced full
production of washing machines
will begin tomorrow. Manufacture
of kitchen equipment will start No
vember !.