Evening star., 1945-10-18
Business Briefs


S49,000,000 first and refunding per
cent mortgage bonds at 10530 by a
group headed by the First Bos-
ton Corp. Proceeds will go toward
redeeming S49,000,000 principal
samount Of series 1, 312 per cent
bonds, due in 1866.
Cincinnati Gas & Electric Co.
offers $45, SOC, ,00C f1rst-mortgage 1875
bonds, 2$i per cent series, by Nor
gan Stanley & Co. and w. Z. Hut
ton & Co. at 10l and 270,000 shares
of cumulative preferred stock, 4 per
cent series, at LOG, to holders of out
standing 100000 shares cumulative
5 per cent preferred stock, Series A.
Pennsylvania Power & Light Co.
offers S27,000,00 sinking fund per
cent debentWes, due 1865, at 1919
and interest by Smith, Barney &
Co., proceeds will be applied to re-
demption of $28,500,000 of Az per
cent debentures, due 1874, at los u
per cent.
Blyth g. Co., Inc, heads group
of underwriters offering 10000
shares of Rheem Manufacturing Co.
4la9o cumulative preferred, 500 par
value, at s103.50 and accrued divi-
dends.
September building permits reach
ed the highest total in 13 months in
the 215 cities reporting to Dun g.
Bradstreet, Inc. Total was S121,-
266, $50, up So per cent over the
previous month, 72.3 per cent over
September of 1914.
Western Pacific, Denver e. Rio
Grande and Chicago, Burlington &
Quincy Railroads have ordered six
streamlined trains for joint opera
ton between Chicago and San
Francisco.
Electrical Energy Distributed in
the week ending October 13 was g.
934, 1894, 900 XVIII, a decrease of 90
per cent over the like week a year
ago, according to the Edison Electric
Institute.
Kansas City Southern Railways
offering of S40,000,000 in new first
mortgage 1875 bonds was awarded
an investment banking group on bid
of 1914 for 496 coupon. On bid of
par for rate of 23s per cent, the
railway awarded S6,O00,000 in 10
year notes to New York banks.
Tord Officials report assembly
lines turning out 400 passenger cars
and 400 trucks daily at the Rouge
plant. Henry Ford II plans to pro-
duce $4,000 cars and $4,000 trucks
by December 25.
Caterpillar Tractor reports net
sales of S8,858O46 for September COM
pared to $23,304,710 in September
last year; net profit, s131 ,855, COM
pared to $606 1889 Figures subject to
renegotiation).
Engineering construction awards
this week total s73 ,081 900, up 55 per
cent over preceding week and 70
per cent above volume year ago, ac-
cording to Engineering News
Record.
Fowler Mccormick, president In
ternational Harvester, plans $780,
100000 expansion eff he can get
men and materials, he said at Chi
cago Installations at Wood River
Ill, and Memphis, Tenn, were men
toned.
United States Rubber announces
new type baby chick brooder warmed
by rubber pad which conducts elec-
tricity.
Commodity Credit Corp yesterday
purchased ], 1,190, 900 bushels OF wheat
at Duluth to further export program
Hazeltine Corp. called specia
meeting of stockholders for Novem.
Der 27 10 vote on proposals to spill
outstanding stock two for one.
Advancing 4 cents over last week
Dun & Bradstreet wholesale fooe
price index for October 16 wen
to s4.10, only slightly below tn,
years high points. The. curren
figure marks a gain of 25 per cen
above the corresponding 1914 indie,
of 81 and of or per cent owe
the $4.07 recorded two years ago.