Evening star., 1945-12-20
Business Briefs


nounced today included: New York
Curb Exchange. l09e of annual pay;
Guaranty Trust Co., SO on base pay
of $4,000 or under annually; Dis
tributors Group. Inc, months SAL
ary plus $50 of annual salary for
each year of service up to II years.
New Securities Marketed Today
included: l66,667 American pre-
ferred shares of La Consolidate at
Is; 100000 shares of WoodaN Indus
tries Sc cumulative convertible pre-
ferred at Is; s2,S4O.000 City of Rich
mond 10 bonds at prices to yield
.35eo to $50.
Short Interest in Stocks listed on
the New York Stock Exchange to-
tailed 1465, 1913 on December II VS.
1.566,015 month earlier. Sharpest
declines were shown in Standard G
Il E. 81 preferred, B. g. O. common
MKT common and Pepsi-Cola.
New Life Insurance in November
was 3.1eo above a year ago and in Il
months was up 3.8%, the Life Insur.
ance Association reported
Gasoline Stocks on December Il
totaled 89,o43, 900 barrels VS.. s7,004,.
600 a week earlier and 1896 900 a
year ago, the American Petroleum
Institute announced.
Pathe Industries, Inc. stockhold.
ers will vote January on a re.
capitulation plan providing for is.
suance OF 10 common shares in eX-
change for each share now out
standing.
will vote January IS on a plan to
distribute on February l an addi-
tional common share for each share
held January Is.
Visking Corp. registered with the
SEC 100000 common shares of S.
par value, which will be sold by Ger.
tain stockholders, including E. I
du Pont de Nemours g. Co.
Brown Shoe Co. registered with
the SEC 10000 shares of cumulative
preferred stock for public offering
Holders will meet January 10 to au-
thorize the issue and set the terms
National Airlines declared a stock
dividend of 100000 common shares
to be distributed January Is at tht
rate of one-fifth of a share for each
share held.
Thatcher Mfg. Co. declared a stocl
dividend on the common, payable
January 81, at the rate of one share
for each 20 held. Previous payment
was so cents cash in June, 1914
first since 1910.
General American Investors Co
declared dividend of S3.06 a com.
mon share. payable December a. A
payment of S232 was made in De-
cember, 1914.
Electric Bond e. Share Co. de.
clared dividends of $116 on the ST
preferred and 9625 cents on the Sc
preferred, both payable February l
Allied Stores Corp. earned S6,515,-
497 or S313 a share in months
ended october 81 VS.. 5,129, ,635 OF
$2.40 year ago.
international Telephone g. Tele.
graph Co. profit for 9 months ended
September 80 was 5,084 ,104 VS.. S.
743. 1893 in the same 1914 period.
Detroit Edison Co. earned $6 6,879,.
SOL or $108 in IL months endec
November 30 VS.. $7,084, ,238 or Sill il
the previous year.
Pabst Brewing Co. purchased
Hoffman Beverage Co. of Newark
N. j., and will develop the plan
there as one of its largest units.
Glenn L. Martin Co. received {
$3,400, 900 order for II Martin 20.
transport planes from Chicago &
Southern Airlines and now has S24,
100000 worth of orders. for the 202s
WHY'S Overland Motors, Inc, will
resume production of civilian jeep.
January 2 after a l2-week suspen.
sion caused by supplier's strike.
Sperry Corp. elected Capt. Thoma.
B. Doe president to succeed Thoma,
A. Morgan, who became board chair.
man.
U. S. Rubber Export Co. elected L
G. Boos president and Herbert G
Kieswetter vice president.