Evening star., 1945-02-11
Business Briefs

OencFal BUSINESS ACTIVITY mas
declined further, according to the
index of Business Week, which stood
at 228.0 for the latest week, COM
pared with 1924 in the previous
week. 2315 month ago and 1895
year ago
Wholesale Volume remained even
with the preceding week during the
last week, although fewer market
events took place and trading was
affected by merchandise shortages,
reported Dun g. Bradstreet, Inc.
Steel Production in January was
the smallest for a 31-day month
since July, 1912, as result of ad-
verse weather, the American Iron
& Steel Institute announced. Out
put was 7,l78,315 tons VS.. 1851 ,l9l in
the previous month and 1886, TAO a
years ago.
Refined Copper Stocks totaled
59,715 tons on January 81 VS.. 66,-
780 month earlier, the Copper In
stitute disclosed. Production to-
tailed 67,726 tons VS.. 82,649 in De-
cember.
State and Municipal Financing
scheduled for the coming week
totals only s3,574,OOo VS.. s7,640 500
last week and a weekly average for
the year to date of s37,004 ,583, the
Daily Bond Buyer announced.
Chain Store Sales for January
with changes from a year ago: j. C.
Penney Co., $36.315,l26, up 200 !;
Bond Stores, Inc, 1892 ,430, up
1867. Edison Bros. Stores, $3,051.-
878, up 1850; j. J. Newberry Co.,
$6,l76, ,296, up $50.
Wabash Railroad Co. was au-
thorized by the ICC to issue Sat-
000, 900 of first morageg 3A per cent
series B bonds at 1888 plus interest
to finance redemeption of per cent
series A bonds.
Associated Electric Co. was au-
thorized by the SEC to keep it's
two electric utility subsidiaries in
Manila, but reserved the right to
reinstate a 1912 divesture order.
Associated will invest large sums
for rehabilitation.
American e. Foreign Power Co.
received word the Chilean Chamber
of Deputies approved a bill calling
for government purchase Of the
firms transit properties in San
tiago and Valparaiso.
Standard Oil Co. of Ohio direc-
tors proposed a 2l2-for-l split in
common stock by increasing author
lied shares from 100000 to g.
250, 900 and reducing par value from
s25 to $40. Stockholders will vote
April 2.
Aireon Mfg. Co. stockholders ap-
proved plans to issue 10000 shares
of $40 par, 60-cent cumulative con-
vertible preferred stock and in
crease the common from 1000 ,OOt
to LOO 900 shares. -
International Utilities Corp. plan
to redeem 10000 shares of $3.50
preferred stock at $3.50 a share
plus dividends was approved by
the SEC.
P. Lorillard & Co. earned So
607,849 or $1.30 share in 1914 VS..
3,572 1861 or $1.28 in 1943.
Christiana Securities Co., profit
for 1914 was sl5,336,13O or SOS "a
VS.. $12,371, ,7S7 or $75.48 in the pre-
vious year.
G. C. Murphy Co. earned $780,
$50 or $4.96 in 1914 VS.. 81 1888 ,e8s or
$3.50 in 1943.
New York Telephone Co. net for
1914 was $27,071 ,408 or s6.42 VS.. $751;
700547 or s752 in the previous year
Ward Baking Co. earned $780,
282 or $500 a preferred share IN %
weeks ended December 80 VS.. ST.
623 ,285 or $685., a preferred share
In the preceding fiscal period.
Pennsylvania Salt Mfg. Co. net
for 1914 was s1.413.956 or $189 VS..
$1.378,516 or $l.84 in 1943.
Northern Pacific Railway Co.
earned $13, ,160,986 or S5.3l in 1914
VS.. SIS ,520,431 or s10.29 in the pre-
vious year
Chas. Pfizer g. Co. directors pro-
posed an increase in common from
100000 shares to 100000 and a
stock dividend of shares for each
share held. Holders will vote April 2.
Columbia Gas & Electric Co. di-
rectors, William M. Hickey and o.
Kelley Anderson, resigned because
OF disagreement with other directors
over questions involving the Hold
ing Company Act. The two repre-
sented United Corp. on the board.
Died: Robert Lee Taylor, 70, who
merged % firms into the Federal
Compress & Warehouse Co.; Acosta
Nichols, p, partner in Spencer
Trash a. ca