Evening star., 1945-07-06
Business Briefs

Retail Trade maintained its pace
in the last week, despite holiday
store closings, and averaged 1870 to
20fo above year ago, declared
Dun a. Bradstreet, Inc. Summer
clothing remained in the lead as
warm weather continued.
Money in Circulation jumped to a
new high of $26 1884 900, 900 on July
3, a gain of s2o6, ,oo0, 900 from week
earlier and S4,236,000, 900 above a
year ago, the Federal Reserve Board
reported.
Gasoline Stocks Of civilian grade
totaled 47,189, 900 barrels on June 80
vs.. 46, 500 900 week earlier and 49,
5sl 900 year ago, the American Pc
troleum Institute announced.
Freight Loadings in the week end
ed June 80 totaled 893,741 cars. a
gain of 90 over the previous week,
but 40 below year ago, the ASso-
citation of American Railroads re-
vealed.
Securities Marketed Today includ-
ed: $4,000 shares Of AZ 20 cumulative
preferred stock of Edison Brothers
Stores at lO4 plus accrued dividends;
1l,1O5 shares of series A, Az 20 pre-
ferred stock of Kroehler Mfg. Co. at
l03 and accrued dividend; $3.50
common shares Of Seeger-Sunbeam
Corp. at %,
r. H. Macy e. Co. acquired O'Con-
nor, Moffatt 81 Co., big San Fran
cisco department store, through an
exchange of stock to be transferred
in September.
Mcguire Industries, Inc., purchased
all stock of Meissner Mfg. Co. of
Mount Carmel Ill.
Dresser Industries, Inc, signed an
agreement to purchase Security En-
gineering Co. of Whittier, Calf.
About $4,000 Dresser shares will be
exchanged for ESQ Security shares
October l..
Compania Swift international, s.
A. c., reduced lis regular dividend to
20 cents per United States share
compared with so cents paid pre-
viously. The latest dividend will be
paid September /.
June totaled $38,41i,1l0. gain of
o.2eo over a year ago; for 6 months,
s214,355,677, an increase OF 5.l9o.
w. T. Grant Co. sales in June to-
tailed $15,61o,039, a rise of 1857 from
year ago; for months, $50, ,724 ,973
gain of 1929.
Guaranty Trust Co. deposits set a
record of $3,490, ,934, ,096 on June 80
VS.. S3,114,252;438 on March 81 and
So, 3,19o SOC, 1862 a year ago. Assets of
$500, 1895, ,683 and Government Sc
curify holdings of $2,143,853 ,240 also
were new records.
Bulova Watch Co. earned So, 2,448,-
OIL or $7.53 a share in IL months
ended March 81 VS.. $l,92l ,849 or
S5.91i in the previous year.
Brown Co. net for 20 weeks ended
June II was 1921 1853 VS.. $778, 1872 in
the same 1874 period.
Panhandle Eastern Pipe Line Co
stockholders approved an amend
ment to the certificate of incorpora-
ton authorizing issuance of SIS ,000,-
600 of cumulative preferred stock tc
be issued and sold Immediately.
Birmingham (Ala.) Electric Co.
redemption of 1855 shares of 81
preferred stock at l10 plus accrued
. ulNlQCl1Qc woo dPPAONCQ Ny IAIC 0GIS.
General Electric Co. stockholders
totaled 235, ,494 on June %, an all
time high which was 6,162 above q
year ago.
Weirton Steel Co. ordered a new
tandem cold reduction mill for its
Weirton, w. Va, plant from United
Engineering & Foundry Co.
Union Bank of Commerce al
Cleveland increased It's regular div
idend to S. share, payable July
IS. Previous payment was $4 In
January.
Radio Corp. of America elected
Conway Peyton Coe vice president In
charge of the patent department Of
RCA La boratories. He was formerly
United States Commissioner oi
Patents.