Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-07-15
Business Briefs

General Business Activity con-
tinues to decline, according to the
index of Business Week, which stood
at 1928 for the latest week, COM
pared with 223.5 in the previous
week, 1852 a month ago and 234.6
year ago.
Farm Acreage Has Increased but
the number of farms has decreased
during the war, the Census Bureau
found on the basis of returns from
l 900 Of the Nations 3,097 counties.
From 1910 to 1915, acreage was up
T1%. farms declined 2.59o and the
average sixe of farms increased
9.81t.
Paper Production in the week
ended July declined to 52.7To of
mill capacity VS.. 87.5qo in the previ-
Gus week and $500 year ago, the
American Paper & Pulp Association
disclosed.
Hotels Are Operating at a Profit
for the first time in many years
under impetus of increased wartime
travel, the New York Trust Co. re-
ported Sales in 1914 were around
500 900 900 above 1913 and in the
first quarter of this year were about
SO above 1914 levels, the bank
estimated.
Robert Towing Co., registered with
the SEC $4,000 common shares.
Proceeds will be used for general
corporate purposes.
Robert Towing Co. registered with
the SEC 100000 of serial Az
equipment trust certificates to be
offered at an average price Of
100.47Go.
Mathieson Alkali Works earned
1881 SIS or IS cents a share in
months ended June 80 VS.. s57S,162
or so cents year ago.
Murray Corp. of America profit
for 9 months ended May 81 was
1885 1871 or SO cents VS.. s1,089,8S4
or Sl16 a year earlier.
United Corp. earned $727,8s1 or
SO cents on So preference stock in 8
months ended June 30 VS.. $1,195,S79
or 81 cents in the same 1914 period.
Hiram Walker Gooderham a.
Worts, Ltd, and subsidiaries re-
ported profit of $6,564 ,038 Cana
dian currency or 1881 a common
share in months ended May 81
VS.. SIS ,967 1926 or S7.69 a year earlier.
Underwood Corp. earned S963,513
or S1.31 in months ended June 80
VS.. 1886, $50 or s1.30 in the same 1914
period
Booth Fisheries Corp. profit for
II months ended April % was $780,
249 or SSH VS.. $488, 165 or s581
in the previous year. Heavy de-
mand has prevented the freezing
of normal amount of fish for
winter and early spring market
ing President Fletcher said.
Sterling, Inc, reported profit
transferred to surplus for the year
ended May 81 was $102,641 vs.
s31,1S7 in the previous year and
declared stock dividend Of Sc,
payable July 81.
Baltimore & Ohio Railroad move
to secure trackage rights over Nev
York Central owned and lease,
lines between Toledo ana Detroi'
was opposed in an examiners re-
port to the ICC The PROPOSED
operation would replace an ar
rangement with the Pere Mar
quette.
Allied Chemical & Dye Corn. wi
operate new Government plar
at Birmingham, Ala, for the mar
ufacture of Aapthalene. The ne
plant will be constructed adjacer
to Allied Chemicals plant.
Missouri Pacific Railroad TRUSTEE
Guy Thompson, asked FEEDER
Court permission to retire $24
1875, 800 40 bonds of the st. LOU
Iron Mountain & Southern Raj
road River g. Gulf Division. Hear
ing was set for July Is.
Iowa Union Electric Co., subsid
larry of Union Electric Co. OF Mi
souri,, received SEC permission t
sell certain gas utilities assets T.
Keokuk Gas Service Co.
Federal Water e. Gas Corp. plan
to sell its interest in Peoples wate'
& Gas Co. to r. M. Sheriff of
Chicago for S1,110,8435 will be con-
sidered by the SEC July 80.
Public Service Co. of Indiana
plan to reflnance its debt and dis
pose of gas and water properties
will be considered by the SEC
July 81.
Cities Service Power & Light Co.
was granted an SEC extension un-
til January Z. 1916, TO divest itself
of direct interest in water prop
critics of Marion Ohio Reserve
Power Co.
Four Travellers Companies elected
Francis w. Cole board chairman
and Jesse w. Randall president to
succeed the late L., Edmund zacher,
who held both positions.
New York Cotton