Evening star., 1946-07-05
Business Briefs
Removal of Price Controls brough

Removal of Price Controls brought
neither a buyers strike nor a rush
to stockpile goods-Dun g. Brad
street. Preholiday trade was above
the previous week and we'll above
year ago. Prices of some items ad-
vanced but most stores made few
changes.
Bank Clearings in "a leading
cities rose to $14,203, ,92e, 900, a new
peak for the year, during the week
ended July 3, and were 34fo above
the like l945 week-Dun E. Brad
street.
Freight LOadings in the week
ended June % totaled 879,545 cars, a
gain of 2.5fo from the previous week
but l.6fo below year ago-Associa-
ton of American Railroads.
Automobile Output in the United
States and Canada was estimated
at 46,810 units this week VS.. 64,015
last week and 96,457 in the like 194l
week.-Ward's Automotive Reports
Gasoline Stocks on June % totaled
92,333, 900 barrels VS.. 92,894 900 a
week earlier and 86,145,0O0 a year
ago-American Petroleum Institute
Manufacturers Shipments in April
amounted to $9900,000, 900, gain
OF s400,000,000 from the previous
month-Census Bureau. The rise
was due to expanding deliveries OF
consumer durable goods, notably
automobiles.
American Locomotive Co. stock
holders will vote August 6 on pro-
posed issuance of S10000,O00 of prior
preferred and s10,0O0000 of convert
ible second preferred to finance re-
demption of $20,oO0,OOO of 10 pre-
ferred stock.
Portland Gas & Coke Co. was au-
thorized by the SEC to sell s1o,0o0,-
600 Of first mortgage bonds at COM
petitive bidding and s5oo,oOo of ~ %
promissory notes privately.
Virginia Electric & Power Co. was
authorized by the SEC to sell S.
100000 of unsecured promissory
notes bearing IL % interest to a
group of banks and insurance COM
panies.
Tide Water Power Co. stockholders
will vote July Is on a proposed A.
for-l split in common stock.
Texas Co. received a $5,000,O ,O0(
Navy contract for fabrication. II
will require delivery of % different
kinds of oils in 48 states.
Florsheim Shoe Co. earned $7O8.-
374 in six months ended April 80 VS.
s503,735 a year ago.
Zenith Radio Corp. reported 6
deficit of s16s,5O6 for II month.
ended April 80 VS.. profit of 81 155e,.
604 or $317 a share in the preceding
fiscal period.
Montgomery Ward & Co. sales il
June totaled S75, 5,427 ,667, a jump o.
51% from year ago; in five month.
ended June 80, 1914, 1850, ,4O8, an in.
crease of 429o.
G. c. Murphy Co. sales for JUNE
totaled $9,086,809, a gain of 9.7%
from a year ago; for six months O
1916, $48,380,417, an increase of lO%
McCrory Stores Corp. sales il
June totaled $6,129,596, a gain O
10.8%o from a year ago; in 81.
months, s35,727,683, a increase O.
11%.
Dawson Chemical Co. purchased
Florida properties and related asset
OF Southern Phosphate Co. Stock.
holders of the latter firm will vot,
July Is on the proposal.
Twin Coach Co. elected John j
Lee vice president in charge O.
manufacturing.
Aireon Mfg. Co. elected Gerale
Preshaw vice president and treas.
urer. He was formerly with Dougla.
Aircraft Co.
Bureau of Advertising of tn,
American Newspaper Publishers
Association appointed George G
Steele chairman of its retail com,
mittee. He is advertising manager
Of the Philadelphia Bulletin.
Campbell Soup Co. appointed r
M. Budd advertising manager. H,
has been assistant advertising man
ager.