Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-02-06
Business Briefs

National Income and enn1pyment
after the war will be considerably
lover than most forecasts indicate
IN the opinion OF, Rufus S. Tucker
General Motors Corp. economist, In
an analysis for the Industrial Con-
ference Board. He predicted an in.
come slightly less than 500 ,000, 600.
000s from 1947 to 1850 and a labor
force less than SO, SOC, 900 in 1850.
Meat Production at Federally in.
spected plants in the week endee
February 3 Appropriated 288 ,0OO,.
COO pounds, a drop of TO from thu
previous week and 800 below thu
like 1914 week, the War Meat Boare
estimated.
United States Steel Corp. notified
the Government it is interested In
buying or leasing the Government.
owned steel plant at Geneva, Utah
Tor postwar operation.
City Of Detroit was restrained by
Circuit Judge Joseph A. Moynihan
rom collecting an excise tax from
Detroit Edison Co. and Michigan
Consolidated Gas Co. An ordnance
uthorizing collection was ruled
unconstitutional.
Certain-teed Products Corp. Of
cred holders Of 32,070 shares of 90
cumulative prior preference stock
ne right to exchange them on the
,asis Of II common shares and IS
ash for each preference share.
Continental Oil Co. offered to pay
H46.50 share for stock Of Navarro
Dill Co. OF Houston on condition that
FOLDERS Of 800 of the 34s ,919 shares
outstanding agree to sell.
Manhattan Shirt Co. stockholders
.oted to eliminate q 5000 900 ac-
cunt for trade name, goodwill and
atterns, eliminate Al ,876 common
mares and SIS in fractional war
ants held In the treasury, and cut
ne par value of authorized COM
ION to IS from $25 a share.
American Superpower Corp. set
side S874,575 to purchase and retire
900 shares of its first preferred
:ock at $126.75 q share. Tenders
ere invited.
Savannah-St. Augustine Gas Co.
egistered with the SEC $3.50 shares
f SO cumulative preferred stock,
100 par value, and 10000 shares of
10 par value common stock, the
ormer to be offered to the public
500 q share and the latter at SIS.
King -Seeley Corp. set an offering
rice Of $40 on 100, 900 shares Of SO
lmulative convertible preferred
ock placed on the market by F.
oerstedt d Co. and Waiting,
erchen g. Co.
Union Pacific Railroad Co. net in
, me for 1914 was SAL ,929 ,904 a share
:. $35, 293, 259 or $l4.09 in the pre-
ding year.
Norfolk Southern Railway re-
-;orted net income of 1901, 413 for
IA VS.. $507, 342 In 1943.
Oshkosh B'Gosh, Inc, earned
Sll0,8s3 of $1.26 In 1914 vs.. t106, $50
or $l.19 in the previous year.
Kroger Grocery T. Baking Co.
sales In four weeks ended January
q totaled S33. 371 500. gain OF 2.7%
over q year ago.
w. T. Grant Co. sales IN January
totaled $10,74e,343, an increase OF
13.4Ho over q year ago.
American Home Products Corp
merged two. subsidiaries. Harmon
Color Works, Inc- and Marietta
Dyestuf1s Co. into q new firm, Mari.
eta. Harmon Chemicals, Inc.
Century Ribbon Mills increased
the common stock dividend to Is
cents, payable March Is, from 10
cents previously paid.
w. A. Sheaffer Pen Co. declared q
quarterly dividend Of so cents and
an extra Of Is cents . common
share. both payable February Is.
De Soto Division Of Chryslef
Corp. has been authorized by the
WPB to build q new 1881 SIS facility
for manufacture Of . cradle and
gun mount.