Evening star., 1945-03-25
Business Briefs
General Business Activity has

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clined slightly, according to the in
dex of Business Week, which stood
at 2310 for the latest week, COM
pared with 23l.3 in the previous
week, 229.7 g month ago, 230.8 six
months ago and 1880 year ago.
Wholesale Volume in the last week
compared favorably with the pre-
vious week. reported Dun & Brad
street, Inc. Merchandise was in
creasingly difficult to obtain and
many recorders went untitled. In
ventories were said to be very low.
Another Petroleum Production
Record Of 5,156,96 barrels a day has
been authorized by the PAW for
April. This is an increase of 90, 200
barrels day over the quota set for
! this month, previous all-time high.
Municipal Bond Issues scheduled
for sale in the coming week total
$40, ,348, ,943, compared with Sc, ,933, 500
for last week, the Daily Bond Buyer
announced. Largest issue will be
s12 900 600 of Port of New York Au-
thority bonds on Wednesday.
Whiting Corp. stockholders will
vote June rs on plan to split COM
mon stock 4 for 1. A year-end divi-
dend of SO cents a common share
and quarterly dividend of 30 cents
were declared. both payable April 15
Raytheon Mfg. Co. stockholders
will vote April 5 or proposed acquisi-
ton as wholly-owned subsidiary
of a new firm owning property and
assets Of Belmont Radio Corp,
through exchange of the new firms
stock for 270,000 common shares of
Raytheon.
Reeves-Ely Laboratories, Inc, reg
istered with the SEC $4,000 shares
of 30-cent cumulative convertible
preference stock of 81 par value.
Continental Oil Co. earned $12.-
020, ,527 or $257 share in 1914 VS..
$14 ,080,702 or SO in 1943.
Glenn L. Martin Co. net for 1914
was $4,909,572 or $437. before re-
negotiation, VS.. $2,988,456 or $2.68
after renegotiation in the previous
year.
Standard Gas & Electric Co. and
subsidiaries earned $4,844,515 in 1914
VS.. $5670, $40 in 1943.
Transwestern Oil Co. net for 1914
was $2,784, 1876 or s371 VS.. $1,183,240
or $1.58 in the previous year.
Mcclellan Stores Co. earned ST.
420, ,446 or $170 in II months ended |
January 81 VS.. 81 ,30e ,023 or $1.54 in
the preceding fiscal period.
New York Stock Exchange re-
ported net profit of $673,759 from
1914 operations VS.. $676.509 in 1943.
For years prior to 1943, operating
losses ranged from $140, 900 in 1897
to 50 ,229 $50 In 1s41
Landers, Frary & Clark Co. earned
$3.50, ,284 or $226 in 1914 VS.. $852, ,189
or $203 in 1943.
Bul0va Watch Co. net for three
months ended December 81 was
$685., 800 or $2.89 VS.. $398, 1862 or 81. %
a year earlier.
Merchant Calculating Machine
Corp. earned $622,002 or $2.74 in |
1914 VS.. $459 ,985 or $203 in 1943,
McQuay- Norris Mfg. Co. net for
1914 was 1894 ,525 or $173 VS.. $813,-
721 or $712 on fewer shares in the |
previous year.
North American Car Corp. earned
$430 ,031 or $212 in 1914 VS.. $793 ,697
or $3.50 in 1943.
New York Power g. Light Corp.
plan to offer s50,000,000 of first
mortgage bonds at competitive bid
ding and sell $4,000 common shares
for $5,000,000 to its parent, Niagara
Hudson Power Corp, was approved
by the SEC.
Union Stockyards Co. of Omaha
declared a dividend of rs cents a
common share, payable March 81.
In previous quarters the firm paid
87k cents.
Baltimore & Ohio Railroad is Of
fering plots along its right of way
to employees for victory gardens
again this year.