Evening star., 1945-06-10
Business Briefs
General Business Activity has de

clined slightly, according to the in
deX of Business Week, which stood
at 1885 for the latest week, COM
pared with 234.4 in the previous
week, 1865 a month ago, 2307 six
months ago and 1857 a year ago.
Steel Ingot Production in May
amounted to TAFT, ,387 tons or 922Go
OF capacity, the American Iron e.
Steel Institute announced. Figures
for the preceding month were 1891 :
926 and $780,; a year ago, 7,702 ,576
Of 97.1%. Output for months was
36 338, 900 tons VS.. 37,909,133 a year
ago.
Drought and Excessive Moisture,
leaf rust and cool temperatures have
damaged the winter wheat crop but
prospects indicate the yield may sur
pass last years near record produc-
ton, said Chicago experts. The Gov
ernment report of June conditions
will be issued tomorrow.
General Motors Corp. announced
its Pontiac division plans to market
100000 passenger cars in the first
year of unrestricted production. In
1941, Pontiac sold 100000 units.
Robert Gair Co. incorporated a
wholly-owned subsidiary, Gair San
tee Corp, in Delaware. The new
firm has opened an Office in Orange
burg, S. c., where it will erect a
sulphate pulp and paperboard mill
to cost between s10,00O,0 900 and $l2,-
100000.
Ellicott Co. registered with the
I SEC 10000 shares of So cumulative
preferred stock to be offered proba-
bly, in July to increase working cap
ital. Present 5l2oo preferred shares
will be called.
Texas & Pacific Railway asked
ICC permission to issue s39, 900 900
of 40-year bonds to be sold at COM
petitive bidding. Proceeds would
help finance redemption of series
B, c and D SO bonds.
American Ice Co. appropriated
$4,000, 900 from surplus to buy pre-
ferred shares for retirement Tend
ers have been invited at prices not
exceeding 500 share.
Briggs Mfg. Co. and domestic
subsidiaries reported profit Of S.
BOT 7l6l or s2.72 share after re-
negotiation VS.. $5,239,53l in l943.
Todd Shipyards Corp. earned
2,209, 1853 or sl0.78 in IL months
ended March 81 VS.. s3,778,505 or
$l843 in the previous year.
Ell Paso Natural Gas Co. net for
II months ended April 80 was So
265,3l0 or $3.50 VS.. s2,320,524 or
1888 in the preceding fiscal period.
Peabody Coal Co. earned 81 1882 1874
or sl0.2l a preferred share in II
months ended April 80 VS.. 81 ,952 ,3O4
or sl4.4l a preferred share in the
previous year.
Chicago & Eastern Illinois Rail-
road net for 4 months ended April
30 was s446,979 VS.. $685., 1929 a year
ago.
Bond Stores sales for May totaled
SO, 1872, 1855, a decline of 1867 from
year ago; for months, Sl9,409,243.
a decrease of $50.
Lane Bryant. sales for May to-
tailed s3,l06,594, a decline of 8.1%
from year ago: for months, SIS
1863, ,l68, gain of 93T.
Colonial Stores sales for 4 weeks
ended May 26 totaled Sc, ,90l ,527. a
drop OF 9.1fe from a year ago: for
81 weeks ended the same date, $780,
800,542, a decline of 3.9T.
General Gas g. Electric Corp.
dividend of sl25 on its IS prior pre-
ferred stock, for the quarter ended
June Is, was approved by the SEC.
Mountain States Power Co. plan
to offer s7,500,000 of first mortgage
bonds at competitive bidding will
be heard by the SEC June %.
Chicago g. Southern Air Lines
asked CAB approval of its pro-
posed New York Memphis route.
Colgate-Palmolive- -Peet Co. elect
ed William L. Sims II vice presi-
dent in charge of the foreign de-
partment. He has been with the
firm more than Is years.
Morris Plan Bank of Virginia
elected Temple w. Broaddus. Ber-
nard w. La Prade and o. B. Woold-
ridge vice presidents.