Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-03-18
Business Briefs
General Business Actiyit

General Business Activity has
turned upward, according to the
index of Business AWeek, which
stood at 1925 in the latest week VS..
23l.8 in the previous week, 2276 a
month ago, 231.7 six months ago
and 1880 year ago.
Wholesale Markets were buster
this week as buyers tried to fill in
stocks depleted by very heavy con-
sumner buying of the last two
months, reported Dun g. Bradstreet
Inc.
Treasury Exchange Offer was an
nounceo to holders of s4,876, 729 900
OF 3s% Treasury certificates which
mature April l. A similar security
Will be offered in exchange March
%.
General Tire e. Rubber Co. regis
tered with the SEC $1,000 shares of
412% 500 par value cumulative
preferred stock and 1887 shares of
So par value common. Present pre-
ferred holders will be offered IS 600
new preferred shares in exchange
on a share-for-share basis and the
remaining 10000 and unexchanged
shares will be offered to the public,
Present common holders will be Of
fered the right to buy new common
at the rate of l for 8.
Carolina Power g. Light Co. filed
with the SEC a refinancing program
involving an exchange of 1886
shares of its own preferred stock,
on share-for-share basis for new
preferred.
International Telephone g. Tele-
graph Corp. confirmed an agreement
for sale of its 300 common stock
interest in Spanish Telephone Co,
to Spain for S57,0O0,000
Anchor Hooking Glass Corp. stock
holders debated proposal to refund
preferred stock, but adjourned until
Monday without final decision.
United Fruit Co. earned S14,745,l8l
or S5.04 share in 1914 VS.. $10,829,-
1913 or 1910 in 1913.
Caterpillar Tractor Co. net for II
months ended February % was ST.
332, 100 or s4.16 VS.. $3.50, 799 or $4.55
in the preceding fiscal period.
Loew's, Inc, profit for II weeks
ended November % was S2.878,242 or
STU VS.. $2,796,86l or $167 a year
earlier.
Republic Aviation Corp. earned
1881 400 or S3.76 after contingency
reserve in 1914 VS.. s3,025, 1854 or $3.ea
in 1943
Carnation Co. earned 81, 236 .O38 or
50 "a in 1914 VS.. S2,234,321 or 1894 in
1913.
Hercules Motors Corp. net for 1914
was S1,1l7,323 or $3.50 VS.. s1,059,474
or s3.4l in the previous year.
General Time Instrument Corp.
earned S1,030,112 or S2.42 in 1914 VS..
$780,, 429 or $1.89 in 1913.
Pet Milk Co. net for 1914 was ST.
039, 456 or S187 VS.. $1,246,l58 or 1854
In the preceding year
Decca Record, Inc, profit for 1914
was sl,000,905 or $3.50 VS.. $685.
361 or $2.66 in the previous year.
Pittsburgh Steel Co. earned s672.-
1854 or $11.18 a prior preferred share
in 1914 VS.. 81, 734 ,223 or 500 90 a prior
preferred share in 1943.
Hazeitine Corp. net for 1914 was
s7s7, 572 or s4.56 VS.. $685. 74 or 1898
IN the previous year.
Spencer Kellogg & Sons profit for
"a weeks ended February II was
S828,410 or sl.36 VS.. s1,032, 1867 or
$l.69 year ago.
Celotex Co. earned s137,310 or IS
cents in three months ended Janu-
airy 81 VS.. S81 1856 or 5 cents a year
earlier.
st. LOuis-San Francisco Railroad
reorganization plan was approved by
Federal Court at St. Louis and was
declared effective as of January /,
1914.
Iron Mines Co. of Venezuela. sub-
sldlary of Bethlehem Steel Corp.
announced it will ship 2,O00, 900 tons
OF iron ore to the United States for
smelling purposes when operations
get under way. It's huge ore deposits
are on the Orinoco River.
Northwest Airlines will ask CAR
approval OF cut of about 1917 in
one-Way passenger fares and a re-
duction of around $50 in round
trip fares.
Missouri Kansas Texas Railroad
stockholders backing a Miami, Fla,
group seeking reorganization of the
road, represent more than 6O% of
the common, proxy reports indicate.
said Edward N. Claughton, who is
leading the fight against the man.
agement. Officers of the road previ-
ously reported trend in their favor.
Hearst Radio, Inc, asked FEC
permission to sell Station WINS.
New York, to Crosley Corp. for ST.
zoe, 600.
Western Virginia Paper & Pulp
Co. sold 10000 acres of virgin tim
Der land in Charleston County, S. C..
to two Sumter firms for 81, 1881 ,243.
New York Cotton