Evening star., 1946-08-25
Business Briefs

General Business Activity con-
tinues to expand. according to the
index of Business Week, which
stood at 1857 for the latest week
vs., 184.2 in the previous week, l8l 0
a month ago and 1924 year ago.
Automobile Production in the
United States totaled 1859 units
last week, including 63,1O0 cars and
26,489 trucks-Automotiv News.
The new postwar peak compared
with total of 1889 in the previ-
Gus week.
Paper Output in the United
States, exclusive of newsprint, was
at l04.5qo of capacity in the week
ended August II VS.. 1034%o in the
previous week and 67.8qo a year ago
American Paper & Pulp Associa- -
ton.
Bankers Acceptance uying
Rates were raised by the Federal
Reserve Bank of New York by es-
tablishing a minimum discount of
1@o. ..
Trading in Wheat Futures will
start on the Chicago Board of Trade
tomorrow. 1t will be the first time
since early 1s43 that the grain pit
has been free of controls in its three
leading commodities.
Corroon g. Reynolds Corp. stock
holders will vote September 26 on q
capitalization plan aimed at elm
mating dividend arrears of $22
share on its Sc cumulative preferred
series A stock.
Standard Gas & Electric Co. in
vited bids up to September 4 on
140,614 common shares of Mountain
States Power Co, which represent
$685. of outstanding common of
that company.
Greyhound Corp. declared a div
idend of 81 share, payable October
l. The firm paid 35 cents in April
and July. Holders have approved a
3-for-l splitup, subject to ICC ap-
proval.
l.. A. Young Spring & Wire Corp.
decided to omit the regular quarterly
dividend expected September Is.
Similar action was taken in June.
Previous payments were 25 cents.
Universal Cyclops Steel Corp. de-
clared dividend of 40 cents a COM
mon share. payable September 80
Previous payments were Is cents.
Safeway Stores profit for the first
half of 1916 was 81 ,299 TAB or $l.49
share VS.. s2,4o7 ,286 or "A cents in
the same 1945 period.
KennecOtt Copper Corp. earned
$4,508,933 or AZ cents in the first
half VS.. $16,378,493 or S1.5l a year
ago.
North American Aviation. Inc. re-
ported untitled orders on August !
totaled s9o,o00,0oo.
Torrington Co. earned $2,670,7
or $1.64 in IL months ended June 80
VS.. 81, ,729, ,920 or $167 in the previ-
Gus year.
Neisner Brothers, Inc, profit for
the first half of 1916 was S669 800
or $3,03 VS.. s358059 or s15O in the
same 1945 period.
Texas Power Il Light Co. net in
come for Il months ended July 81
was $3,904,332 VS.. s2,7l8,02l in the
preceding fiscal period.
Westinghouse Electric Co. bid of
S2,310525 for the Curtis Wright pro-
peller plant at Beaver, Pa, was
approved by the Cleveland regional
board of the War Assets Corp.
Nashville. Chattanooga & st. Louis
Railway ordered some $500, 900
worth of new freight equipment
with delivery to begin early in 1947.
Chrysler Corp. announced its
Dodge Division would make three
additional types of heavy duty
trucks, each in 10 different models.
They include 212 ton and 3-ton
Rust Furnace Co. received a con-
tract from Bethlehem Steel Co. at
SparroWs Point to build three slab
heating furnaces to cost more than
s75000O
White Motor Co. of Canada, Ltd.
elected l.. M Hart, jr., president
to succeed his father, who retired.
National Malleable d Steel Cast
ing Co. president, Charles H. Nc
Crea, died at Cleveland after suf-
fering a stroke.