Evening star., 1945-02-18
Business Briefs

General Business Activity con-
tinues to decline slightly, according
to the index of Business Week,
which stood at 2274 in the latest
week, compared with 227.7 in the
previous week, 23l.3 month ago
and 1884 a year ago.
Vast Losses in Beef Tonnage are
resulting from sales of half-fat and
short-fed cattle, which reached rec
ord levels at most centers in the
last week. The slight margin be-
tween prices for medium and choice
offerings was blamed
To Aid Small Business, the SEC
has drafted a simplif1ed form for
registration of shares of companies
in the promotional or development
stage 1t contains only II questions,
compared with % to 10 in present
forms.
New Life Insurance written by
leading companies in January to-
tailed STAT 1853, 900, a drop of 8.39o
from the same 1914 month, the
Life Insurance Association of Amer
ica disclosed.
State and Municipal Financing
scheduled for the coming week to-
tails $18,480,930 VS.. S5,274,00 last
week and a weekly average for the
year to date of S32, All SAB, the Daily
Bond Buyer announced.
S. III. Kress & Co. earned S5,734,-
632 or S2.25 a share in 1914 VS.. S5,-
5l8,585 or s216 in 1943.
Westinghouse Air Brake Co. net
for 1914 was s5,330,252 or s16S VS..
s4,514,9l4 or Sl.42 in the previous
year.
United States Gypsum Co. earned
81 ,227, ,l87 or S3.07 in 1914 VS.. S5,-
038, ,450 or $375 in 1943.
Imperial Tobacco Co. of Canada,
Ltd, profit for 1914 was SIS, TAG, ,987 or
SIS cents VS.. SIS, ,722,093 or SIS cents in
the preceding year.
Associates Investment Co. earned
81 ,602 ,242 or $325 in 1914 VS.. ST.
382, 2,816 or s2.58 in 1913.
National Refining Co. net for 1914
was s978, ,569 or s159 in 1914 VS.. loss
of 81 ,089, ,849 in the previous year.
New York Air Brake Co. earned
S870. 1924 or S3.36 in 1914 VS.. a re-
vised profit of 1922 ,808 or $3.50 in
| l943.
Continental Steel Corp. net for
1914 was $508,661 or S254 VS.. S762,-
Clio or $346 in the previous year,
after dividends on preferred stock
redeemed January /, 1914.
| United Electric Coal Companies
earned $47797 or 88 cents in six
months ended January 81 VS.. S413,-
8l8 or 10 cents in the same period
a year earlier. .r
American Gas & Electric Co net
for 1914 was s12,089, 1876 or s2.32 VS..
S11,683 .831 or s223 in 1943.
Atchison, Topeka & Santa Fe
/ Railway system earned 54,542, ,635
or 1891 in 1914 VS.. S57 ,440, 1854 or
s21.ll in the previous year.
| Kansas City Southern Railway
net for 1914 was S4,418, ,162 or STOP
VS.. $2,848,533 or 1894 in 1943.
Wabash Railroad earned $1,000, ,585
or So. .19 in 1944'vs. Sc, ,551 ,804 or S11 sc
in the preceding year.
| American Airlines was authorized
by the CAB to cut passenger fares
61zT, effective March 10, and re-
duce fares for holders of travel cars
and Government employees an addi-
tional $50.
Armour & Co. since it's reorgani-
zation in 1923 has cut long term
debt and preferred stock $114.968,-
600, or around 42%, and fixed
charges s8,470,000 a year, around
61eo.
United States Life Insurance Co
reported new paid for business in
January was more than 70To above
year ago. The Washington branch
Office was among the 8 agencies
leading in sales.
! Delaware, Lackawanna & Western
Railroad Co. merger of the Utica
| Chenango & Susquehanna Railway
Co. was approved by holders of the
latter company.
/ Atwood Machine Co. stockholders
/ approved sale of their company to
Farrell Birmingham Co. President
Franklin R. Hoadley of Atwood was
elected president of Farrell -Birm-
! ingham.
International Telephone & Tele-
graph Co. reported subsidiaries in
8 foreign countries showed an in
crease of $4,000 telephones in 1914
| despite wartime shortages.