Evening star., 1945-12-30
Business Briefs

IlllueS 10 expand, acCOrQlng TO the
index of Business Week, which
stood at 172.7 for the latest week VS..
l71.7 in the previous week, 1888 a
month ago and 23l2 a year ago.
Furniture Dealers Face Trouble
under new OPA price regulations,
according to Roscoe r. Rau, execu-
tive vice president of the National
Retail Furniture Association. They
do not have the margin capacity to
take the squeeze required in the final
price relief order, he said.
Freight Loadings in the week
ended December % totaled s668 300
cars, drop of 1887 from the pre-
vious week and 989o below a year
ago. the Association of American
Railroads announced.
North American Co. plan to bor-
row $32 900 900 from banks to help
finance retirement of 53i % preferred
stock at $38, 100000 was approved by
the SEC. The cost includes prem
ium of SIS a share on the $685. $3.50
shares.
Textran, Inc. registered with the
SEC 100000 shares of $25 par value
S per cent convertible preferred
stock to be offered publicly to
finance purchase Of other firms in
related lines.
American Potash & Chemical
Corp. registered 479,726 shares of
no par value capital stock to be
offered at competitive bidding by
the alien property custodian The
shares represent 90.79 per cent Of
the total outstanding stock.
Columbia Pictures Corp. regis
tered $4,000 shares of no par value
cumulative preferred stock with
common stock pur-
chase warrants to be offered publicly
to finance redemption of SITS pre-
ferred stock and increase working
capital.
Newport Industries, Inc, regis
tered 10000 shares of S100 par value
cumulative preferred to finance con-
struction of new plant at Oakdale.
American Gas g. Electric Co. has
arranged a $25, 5,0O0, 900 10-year serial
unsecured bank. loan at 2 per cent
to finance redemption of "a per
cent, 3lla per cent and 3A per cent
debentures, and expects to save
$685., ,375 of interest annually.
Rustless Iron g. Steel Corp. mer-
ger into American Rolling Mil Co.
has been approved by sholders OF
84.5 per cent of Rustless stock
ARMCO holders previously ap-
proved the merger.
Pennsylvania Railroad net operat-
ing income for II months ended
November 80 was S9l ,550, 1867 VS..
Sl0l ,574,l48 a year ago; for Novem-
Der. s7.280 ,040 VS.. $9,147,752.
Great Northern Railway earned
s25 1928 ,089 or $685. a share in II
months VS.. s2o,2o2,olo or s7.ss a
year ago.
Chicago, Burlington & Quincy
Railroad net for II months was
s21,878,157 or $l281 VS.. s18,317,7l1
or SIO.72 in the same 1914 period.
Chicago g. North Western Railway
earned s15,29O,0S1 or S12.57 in IL
months VS.. 1890, ,488 or $l2.37 a
year ago.
Seaboard Air Line Railway net for
II months was 1852 1886 VS.. $40
654,113; for November, $l,4l2,634 VS..
ST ,805,110
Atlantic Coast Line Railroad
earned s6,809,685 in II months VS..
s11,984,7S3; in November, $500, 1926
VS.. 1888, ,279.
Firestone Tire & Rubber Co. profit
for II months ended October 81 was
s16,446,735 or s742 VS.. sl6,310,845 or
s7.34 in the preceding fiscal period.
West Virginia Pulp e. Paper GO:
earned $2l42,072 or S1.63 IN II
months ended October 81 VS.. $685.
587 or sl.80 in the previous year.
Ralston Purina Co. net for II
months ended September 80 was
s2,665,1T2 or $3.17 VS.. S2,9l4,732 or
So, SO in the preceding fiscal period.
Cornell-Dubilier Electric Corp.
earned $685. 1929 or S1.37 in IL months
ended September 80 VS.. S772,l70 or
S1.7l in the previous year.
Childs Co. earned s978,394 In II
months ended November 80 VS..
1898 1868 year ago.
Grand Union Co. profit for 3
months ended December l was
$3.50 252 or S2.42 VS.. $4l0,627 or $l.84
in the same period last year.
Magnolia Petroleum Co., a Socony-
Vacuum affiliate, elected j. L. Latl-
mer president to succeed D. A. Little,
who has been i'll for several months.
McCrory Stores Corp. elected R, F.
Coppedge board chairman to sue
ceed Randolph Catlin, who resigned.
President since 1889, Mr.. Coppedge
will continue as chief officer.