Evening star., 1946-03-31
Business Briefs
General Business Activity

General Business Activity con-
tinues to expand, according to the
index of Business Week, which stood
at 1860 in the latest week VS.. 1920
in the previous week, 144.0 a month
ago and 1927 a year ago.
Net Railway Operating Income
of 38 class l carriers in February
totaled S49,889, $50, a drop of 17.5%
from a year ago-Associated Press.
Gross revenues Of $466,8l9,851 were
down 1870.
Paper Production for the week
ended March % stood at 1867 of
capacity VS.. 104.19o in the preced-
ing week and 92.1% a year ago
American Paper g. Pulp Associa-
ton.
Crude Oil Price Ceilings will be
raised 10 cents a barrel, effective
April /. and a study is being made
to determine whether the full in
crease can be absorbed by refiners,
the OPA announced.
RCA Communications, Inc, will
expand its radiophoto network into
worldwide facsimile transmission
service. Equipment is en- route for
installations in Santiago, Chile, Rio
de Janeiro, Mexico City, Manila,
Honolulu, Tokyo, Shanghai and
Seoul, Korea. A Berlin station will
be functioning soon.
Austin Nichols, Inc, directors ap-
proved recapitalization plan to be
submitted to stockholders May 10.
They also declared a dividend of
$125 on account of arrears on the
IS prior preferred A stock, payable
April 25.
Safeway Stores sales in 4 weeks
ended March % totaled $61 ,39l .488,
jump of 1880 from year ago;
in 12 weeks ended the same date,
$181 OPT 067, gain of 252%.
Borg Warner Corp, profit for 1945
was $8,962, IA or $685. a share VS..
81 1894 ,626 or $342 in 1914. Working
capital reached a new all-time high
of $52,095 ,628 at the end of 1945
The firm expects to spend S25,OO0,-
600 or more for expansion in the
next two years.
Allis- chalmers Mfg. Co. earned
ST 900, ,467 or $2.95 in 1945 VS.. SO, ,327,-
GIG or S4.77 in the previous year.
Island Creek Coal Co. net for
1945 was sl,937 1884 or S301 VS.. 81
172,012 or $340.
Plymouth Oil Co. earned s1,730,-
759 or $165 in 1945 VS.. S2,161 ,667
or $2O6.
Electrolux Corp. profit for 1945
was $l,615,503 or S1.30 VS.. s848 1862
or SO cents in 1914.
Parmelee Transportation Co.
earned S1,237 978 or sl.7l in 1945
VS.. S1,42l,337 or S197.
Novadei-Agene Corp. profit for
l945 was 81 ,237 ,226 or $3.50 VS.. ST.
116,884 or S238.
Mead Corp. earned s1.190,646 or
Sl.06 in 1945 VS.. 81 ,137,83l or SO
cents
New York Dock Co. net for l945
was SSl6,597 or $4.52 VS.. 1868 .523 or
$2.42.
Clinchfield Coal Corp. earned
S779,009 or s5.76 in 1945 vs.. $500, $40
or $36l.
Hudson Motor Car Co. profit for
1945 was $673,248 or AZ cents VS.
81 ,698,63 or SLOT in 1914.
Mueller Brass Co. earned s251 Ola
or "a cents in 3 months ended Feb
ruary % VS.. S300,344 or s1.13 a wear
earlier.
Butler Brothers sales in the first
1946 quarters were around 1211g
ABOVE year ago, stockholders were
told.
Longines- Wittnauer Watch Co.
registered with the SEC l25 600
common shares to be offered for the
account of Ira Sudden, former con-
sultar1t of the firm.
Walworth Co. registered with the
SEC S4,500,000 of convertible deb
entures, due 1876, and 10000 shares
OF no par value cumulative con-
vertible preferred stock to finance
redemption of AZ first mortgage
bonds, restore working capital and
provide for expansion.
Cities Service Co. directors voted
10 call for redemption on June |
S35, 900 900 of convertible debenture
IS Of 1850 at 1o2 and interest.
Ford Motor Co. has produced 1o2,-
ia passenger cars and 99,175 trucks
since last July 3. An output of
100000 units has been forecast for
May
Packard Motor Car Co. will re-
sumo partial operations tomorrow
and officials hope full production
can be attained by April IS.
B. F. Goodrich Chemical Co. ap-
pointed William I. Burt and Or
Frank K. Schoenfeld vice presidents
Coty international Corp. elected
Philip Courtney president to sue
ceed Herman l.. Brooks, who re-