Evening star., 1946-02-03
Business Briefs
General Business Activity has

clined, according to the index @
Business Week, which stood at $50.
for the latest week, compared wit
1893 in the previous week, 1871
month ago and 229.4 year ago.
Economic Strangulation. is face
by downtown business sections un
less something is done immediatel
to relieve the traffic problem in con
gested city areas, declared G. "
wilson, manager of the transpor
tation division of General Electri
Co.
A New Lire Exchange Rate of %
to the dollar for United State
armed forces and Government agen
cies was fixed by the Italian gov
ernment. The previous rate wa
100.
Crude Oil Demand for Februar
was estimated by the Bureau O
Mines at 4,430,000 barrels daily vs.
a January estimate of 100000 an,
actual demand of 1921 500 in Feb
ruary, 1945.
Paper Production rose to 94.5q
OF capacity in the week ended Jan
uary 26 VS.. 94.4%o in the previou
week and 88.4% in the like 1874
week, the American Paper 81 Pull
Association announced.
Borg-Warner Corp. directors ap
proved capitalization increase Q
25O.000 shares of nonconvertible Gu
mulative preferred stock. If holder
approve April l, 100000 shares vii
be offered publicly for expansion
purposes.
Armour & Co. sold privately S25,
100000 of 31a96 25-year -debenture
tsubordlnated to help finance re
tirement of $30,000,0O0 of 41aq
debentures March at /104 plus in
terest.
Burlington Mills Corp. registered
with the SEC $4,000 shares of cumu
latlve preferred stock and 10000,
shares of convertible second pre-
ferred to be offered publicly late
this month.
Safeway Stores, Inc, sales for fou.
weeks ended January 26 totaled $50,
278,l87, a gain of 1857 from a yea
ago; for the preceding four weeks
sales were 1920 above a year earlier
Continental Baking Co. earned
81, ,693 ,031 or 83 cents share in |.
months ended December 80 VS.. S2.,
955, ,499 or 95 cents in the previous
year.
Purity Bakeries Co. profit for l.
months ended December 20 was 81,
030,847 or $3.50 VS.. S2,O79 ,901 or So g.
in the preceding fiscal period.
Dresser Industries, Inc, earned
s1,921 ,628 or $1.81 in IL month";
ended October 81 VS.. S1,575,075 O
$3.50 on fewer shares in the pre-
vious year.
International Detrola Corp. prof
for 1945 was 1882 1924 VS.. $82O,4 il
1914.
A. M. Castle g. Co. earned s61s,44.
or S2.58 in 1945 VS.. $601 ,267 or $2.5t
in the previous year.
Black & Decker Mfg. Co. net fo
the December quarter was S493. "a!
or S1.27 VS.. 1924, 1877 or so cents il
Carpenter Steel Co. earned $357,.
$40 or SO cents in the December
quarter VS.. 1924 ,056 or 81 cents s
year earlier.
Outboard, Marine g. Mfg. Co. ne
for the December quarter was s99,41s
or II cents VS.. 1907, ,967 or SO cent.
in the same 1914 period.
Northern Pacific Railway earned
sl1 $685. 1861 in 1945 VS.. $13, 100 1886 il
the previous year.
Gulf, Mobile G. Ohio Railroad me-
income for l945 was S1,443,81O VS.
S3,2l8,150 in 1914.
Parker Pen Co. declared an extra
of 81 and regular quarterly div.
idend of so cents a common share
both payable February 25. An extra
OF SO cents was paid a year ago.
Mead Corp. declared a DIVIDEND
OF 20 cents common share, pay.
able March 8. Previous quarterly
payments were Is cents plus ar
extra of 10 cents in December.
Van Raalte Co. declared a div.
idend of so cents a common share
payable March I. The firm paid ;
dividends of 40 cents and year.
end dividend of 80 cents in l945.
Bush Terminal Co. declared 6
dividend of 35 cents common
share. payable March ID. Only pay.
ment in l945 was 80 cents ir
March.
Standard Accident Insurance Co
declared a dividend of 36A cents g
share, payable March S.
Oneida, Ltd, formed a wholly.
owned subsidiary, Oneida Products
Corp, with $3,OOO,o0O of authorized
capital, to take over the Rex-Wat.
son Corp. properties in Canastota
N. Y.