Evening star., 1946-01-13
Business Briefs

Business activity continued to rise,
according to the index of Business
Week, which stood at TAO for the
latest week in contrast to 1873 for
the preceding week, 170.3 a month
ago and 231.5 year ago.
Lumber shipments of Ali mills re-
porting to National Lumber Trade
Barometer were 8.3 per cent above
production for the week ending jan
Iuary 5, the National Lumber Manu-
facturers Association reported.
State and municipal financing
during last year totaled $819, ,754 ,284
compared to $712, 2,305,515 in preced-
ing year, the Daily Bond Buyer of
New York reported. This was largest
yearly total since 1941.
Paper production in the week
ended January 5 stood at 89.1 per
cent of mill capacity compared 60.8
in the preceding week and $40 a
year ago, according to the American
Paper and Pulp Association.
Chesapeake g. Delaware Canal
carried 33 per cent less cargo ton
mage last year than in 1914, the
United States District Engineer at
Philadelphia reported. Total ton
page last year: 3,645 ,915.
A 50-acre site was purchased in
Uitenhage, South Africa, for an
automobile assembly plant for
Studebaker Corp, according to the
Associated Press.
Home Life Insurance Co. of New
York reported new high record in
paid business last year, the figure
surprising the previous high of 1929
by Ct per cent.
Hope Engineering Co., Houston
Tex, requested SEC to approve a
plan calling for reincorporation in
Texas of its subsidiary, Rio Grande
Valley Gas Co., now incorporated in
Delaware
Columbia Gas & Electric Corp.
announced consolidation of its Bing-
hamton and Pittsburgh units.
Detroit Harvester Co. stockholders
have voted for l split-up in
common stock, increasing number
of outstanding shares to a total of
298,231.
Liquid Carbonic Corp. stockholders
approved charter amendment au-
thorizing new issue of 1880 shares
of 31a per cent convertible preferred
stock of 500 par value.
Park e. 1ilfOrd, Inc, announced a
quarterly dividend of rs cents a
share, payable February 5 to holders
OF record January %, as the first
cash payment since the end of 1887.
Puget Sound Power & Light Co.
declared dividend of 25 cents a
share on common stock, payable
February Is to holders of record
January "a. Previous dividends were
at the rate of 80 cents quarterly.
FoOte Bros. Gear and Machine
Corp. announced a dividend of 25
cents a share on common stock and
regularly quarterly dividend of Is
cents share of $40 preferred stock,
both payable February l to stock
holders of record January 18.
Lukens Steel Co. showed net in
come for the year ended october 6
OF S2.75l AIT, equal to $3.50 a share.
compared with S375 ,938, or s1l8 a
share, for the preceding year.
ID. A. Schultz, Inc, and wholly
owned subsidiaries reported for the
fiscal year ended October 81 a net
income of S847 ,239. equal to SO cents
on 1855, ,l22 common shares, COM
pared with Sl,029,045, or Sl08 on
683, ,042 common shares in the pre-
ceding year
Collins and Aikman Corp. and
subsidiaries, excluding Canadian. re-
ported for nine months ending De-
cember net profit of $2,2l0,133,
equal to S3.7l common share after
charge and 100000 reserve for re-
conversion contingencies. This COM
pared with earnings equal to 1921
common share in the similar 1914
period.
Gorden ]. Berry, Cleveland, has
been chosen president of Electric
Industrial Truck Association.