Evening star., 1945-01-19
Business Briefs

Retail Trade declined slightly dur
Ing the last week. but averaged 4go
to ~ above year ago, reported
Dun & Bradstreet. Inc. Unfavor-
able weather curbed volume in some
sections.
Cotton Spinning Operations in
December were at 1859 of capac-
lty VS.. 120.6ce in November and
l15.49o a year ago, the Census Bu-
reau disclosed
Money in Circulation declined sea-
sOnally 10 S25 ,209 100000 on January
II, drop of s4S,000.0o0 from a week
earlier, but S4,801 .0O0, 900 above a
year ago, the Federal Reserve Board
revealed.
A Ban on Floor Trading proposed
by the SEC trading division may
amount to major surgical opera
ton upon one of the most delicately
adjusted segmentS of our national
economy" President Emil Schram
president of the New York stock
Exchange warned.
United Cigar -WheIan Stores Corp
directors approved a plan to ex-
change three shares of the present
10-cent par common stock for one
share of new 30-cent par common
Holders will vote probably in April
Edward G. Budd Mfg. Co. received
one of the largest orders for shell
fuses ever placed by the Philadel-
1hia Ordnance District. Deliveries
will start in June. At peak produc-
ion, 1000 workers will be required
United States Steel Corp. will
spend at least $50.00000O for post
war Improvements and additions to
its Gary plant, said Chairman Irv-
ing S. Olds before the Gary Cham
Der of Commerce.
General Electric Co. orders in 1914
totaled $l,609, ,636 900, a jump of 16go
over ST 1860, ,643 900 in 1943. In the
first half, orders were below, but
they were up 1919 in the third quar-
ter and scored 2219o above 1943 in
the last quarter.
r. ]. Reynolds Tobacco Co. earned
Sl7,l87,757 or Sill a share on COM
mon and class B stocks in 1914, COM
pared with $18,562,741 or S1.85 in
1943.
Food Machinery Corp. net for Il
months ended September 30 was So
634,775 or 1851 VS.. So, ,144,003 or $5 0l
in the previous year.
Celotex Corp. earned S562,276 Oh
So cents in II months ended October
81 VS. $3.50, ,1S9 or 81 cents in preced-
ing fiscal period.
United States Pipe G. Foundry Co
net was 81 ,552 500 or S2.23 in 1914
VS.. sf,608,67l or $231 in 1943.
United States Leather Co. earned
S930,215 or S3.25 on Glass A stock In
II months ended October 81 VS.. ST..
063,88l or $3.50 on Glass A stock in
the previous year.
Hooker ElectrOchemical Co. profit
for IL months ended November 3(
was 81 ,264,2 or S3.18 VS.. s1.21O,11S
or S3.43 in the preceding fiscal pc.
Rod.
Chesapeake Corp. of Virginia
earned $3.50, 6,307 or $1.16 in 40 weeks
ended October 8 VS.. S38S.681 or "a
cents year earlier
National Power g. Light Co. net
for II months ended October 81 was
s4,076,234 or rs cents VS.. IS ,324 .889 OF
81 cents in the previous year.
Swift & Co. declared a quarterly
dividend of 40 cents share, pay
able April l, ana special dividend
Of 80 cents, payable March i.
Standard Stoker Co. declared a
dividend of so cents a common
share, papable March /. The firm
paid 25 cents share a year ago.
United States & Foreign Securi-
ties Corp. assets on December 81
totaled $48 1854, 731 or $223 a pre-
ferred share VS.. $31, ,333, ,683 or Sl8.
at the end of 1943.
American Locomotive Co. appoint.
ed Alexander M. Hamilton president
of its new subsidiary, American Lo.
eomotive Export Co.