Evening star., 1945-03-04
Business Briefs
General Business Activity has

panded, according to the index of
Business Week, which stood at 1921
in the latest week, compared with
2297 in the previous week, 1894 q
month ago, 1881 six months ago
and 1888 year ago.
No More Margin Trading on
stocks selling at $40 or under will
be permitted by the New York Stock
Exchange. Under new rules, ef-
fective tomorrow, purchasers of
stocks priced between $40 and $40
must have cash margin of $40 a
share instead of the former mar
gin of 500.
Manufacturing Earnings of tbs
companies in 1914 totaled Sligo
898, 900 VS.. $1,123, ,049, 900 in 1943, an
increase of 312qo, the National City
Bank reported. About $3.50 of the
firms showed declines in profits.
Food products, beverages, petroleum,
lumber and wood products recorded
the largest gains.
Texas Electric Co. and it's parent,
American Power & Light Co., filed
with the SEC plan to sell $18, ,O00,-
600 of first mortgage bonds and
$3,000,0 900 of 21a%o 10-year serial
notes. Texas also would issue
68,875 new preferred shares to be
offered in exchange for present Sc
preferred, and redeem $33 $40 900 of
SO bonds at 103 plus interest.
Tide Water Associated Oil Co.
will offer new preferred shares with
a lower dividend rate in exchange
for present 412% cumulative pre-
ferred. Unexchanged shares will
be redeemed at 105.
Robert Gair Co. directors voted
to redeem on April l S3,305 300 of
So income notes, due in 1872, at
105 and unpaid interest.
Continental Oil Co. confirmed re-
ports it purchased around 500
of the stock of Navarro Oil Co
of Houston for around $4,000, 900,
Anchor Hooking Glass Corp.
stockholders will vote March II on
a plan to retire 34,436 shares of SIS
preferred and raise $3,500,000 by is
suing new preferred at lower divi-
dend rate.
L. c. Smith g. Corona Typewrit-
ers, Inc, holders approved a plan
to offer 3 3/5 common shares for
each preferred share. Unexchanged
preferred will be called at l03.
Phelps Dodge Copper Products
Corp. entered into an agreement
with DPC to equip and operate a
S5,851 1888 brass rod mill at Ham
mond, Ind.
Corn Products Refining Co.
earned s8,532, ,592 or $3.50 a share,
before renegotiation, in 1914 VS.. So
00,687 or $276 in 1943.
Caterpillar Tractor Co. net fol-
1914 was $7,663,913 or $407 VS.. S.
216,354 or $437 in the previous year
Safeway Stores, Inc, earned S.
202 ,598 or $3.50 in 1914 VS.. $5,036, ,74S
or S468 in 1943.
General Tire & Rubber Co. ne,
for II months ended November 81
was S2,198,569 or 1851 VS.. S1,740, ,081
or s2.75 in the preceding fisca
period.
Merchants & Miners Transports
tion Co. earned S620,564 or $3.50 in
1914 VS.. S124 ,483 or &c cents in 1943
Matson Navigation Co. profit fol
1914 was s3,238,8 or S1.97 VS.. So.
224,6S6 or Sl.96 in the preceding
year.
Sharp & Dohme, Inc, earned ST..
664,13 or S1.09 in 1914 VS.. S1,874 ,49t
or sl.38 in 1943.
United States Playing Gard Co
net for 1914 was 1,o98, BIT or s2.8:
VS.. 81, ,235, ,820 or 1920 in the preced.
ing year.
Bon Ami Co. earned s1,081 ,297 o.
$5.07 on class A stock and $3.01 or
class B stock in 1914 VS.. s1,12l ,597 ol
$5.28 on class A and $3.l1 on clas.
B in 1913.
Freeport Sulphur Co. net fer 1874
was S2,558,70 or $500 VS.. $2,483, ,46!
or S3.10 in the previous year.
Cutler Hammer, Inc, earned ST..
753, 3,349 or s2.66 in 1914 VS.. S2,034 SO!
or s308 in l943.
Allied Laboratories, Inc, net fo
1914 was 1854 1928 or SLAP VS.. 1892,
546 or sl.57 in the previous year.
Globe Wernicke Co. earned s176.,
80 or As cents in 1914 VS.. 1925 ,226 o.
"a cents in 1943.
Missouri Kansas Texas Railroad
Co. net for 1914 was S6,110,l14 o.
sl.78 VS., S5.115.971 or SIS cents in tn,
previous year.
Certain-Teed Products Corp. com.
pleted negotiations with Equitable
Life Assurance Society to refune
s4 900, 1000 of 5laeo debentures, du,
in l948. A new l5-year loan vii
carry an interest rate of 31a aec.
Radio Corp. of America electee
DR.. c. B. Jolliffe vice president il
charge of laboratories. He has beer
chief engineer of its RCA Victo
division.
Standard Oil Co. of New Jerse,
appointed B. L. Ray manager of it
New Jersey division. He has beer
Virginia division manager sine,
1943.