Evening star., 1945-09-21
Business Briefs

Retail Trade IN the last week re-
NAMED 2rc to 60 above a year ago
and was about even with the pre-
cedlng week, reported Dun & Brad
street, Inc. Apparel sales were
brisk.
Money in Circulation tOtaled S27,.
777000,000 on September 10. de.
cline of S16.00000O from a week
earlier. but s4.219.GOO, OGO above a
year ago, the Federal Reserve Boarc
announced
Stock Exchange Seat was sold for
$4,000, a rise of $4,000 from the
previous sale. Seats were quoted
$4,000 bid and $4,000 offered.
Foreign Bar Silver Price quoted
by Handy & Harmon was raised to
705a cents an ounce to meet the new
price established by OPA.
Northern States Power Co. regis
tered with the SEC $4,000 900 of
first mortgage bonds, due 1875, to
finance redemption of like amount
OF outstanding bonds of 1867.
California Water Service Co. reg
istered wit hthe SEC S11 ,292 900 of
% first mortgage bonds, due 1875
900 shares of S25 par value Gu
mulative preferred and 29,l42 COM
mon shares. The bonds will be Of
fered publicly.
American Power & Light Co
asked SEC permission to sell its S10,-
$4,000 holdings of Montana Power
Co. debenture IS of 1866 to pri-
vate purchaser.
Kaiser Frazer Corp. completed
negotiations for leasing the Willow
Run plant from the Government for
5 years.
Studehaker Corp. announced a
s16,000,000 postwar spending pro-
gram to make possible steady out
put of just one passenger car min
ute. Commercial car output will be
tripled.
American yiscose Corp. plans
postwar expansion to increase rayon
production around 10O,000,OO
pounds year, A new plant will be
built at Radford, Va, and plants at
Meadville, Pa, and Nitro, w. Va,
will be enlarged
Borg Warner Corp. announced its
Ingersoll division had developed a
new mass produced home utility
unit. consolidating household heat
ing, plumbing, electrical. bath,
kitchen and laundry elements.
Pennsylvania Railroad earned
$50, ,440,838 or 1922 a share in 7
months ended July 81 VS., S36, ,797 AL
or S2.79 a year ago.
Union Pacific Railroad net for 8
months ended August 81 was s29,-
840,666 or S12.23 VS.. S24,488, ,282 or
1882 in the same 1914 period.
United States Smelling, Refining
Mining Co. earned Sl,O76, ,4O4 or
$3.50 on preferred stock in months
ended August 81 VS.. Sl,569,O17 or 80
d cents year ago.
Mckess0n g. Robbins. Inc. profit
for II months ended June so was
S4,742, $40 or $246 VS.. S5.l6l .O69 or
SETS in the preceding fiscal period
American ShipbuiIding Co. earned
S550,428 or S4.38 in II months ended
June 80 VS.. $492. $40 or 1886 in the
previous year.
Kobacker Stores, Inc, net for 6
months ended July 81 was s277717
VS.: S243,314 in the same 1914 period.
Commercial Credit Co. offering of
S25, 900, 900 worth of new preferred
stock will be marketed by group
headed by Kidder. Peabody g. Co.
and First Boston Corp. on October
g.
Hercules Powder Co. expects to
complete 81 ,250,000 addition to its
naval stores plant at Brunswick,
Ga, by April |.
Republic Steel Corp. purchased
Stevens Metal Products Co., manu-
facturer Of steel barrels, drums and
other specialties.
Nuter Co. acquired all capital
stock of Rola Co., manufacturer of
radio speakers.
Kraft Foods Co. elected Norman
Kraft, Roscoe A. Page and John H.
Platt vice presidents.