Evening star., 1946-06-16
Business Briefs

General Business Activity Is ex-
panding, according to the index Of
Business Week, which reached 1905
in the latest week VS.. 1880 in the
previous week, 1923 a month ago
and 221.8 a year ago.
Paper Production in the week
ended June climbed to 104% OF
capacity VS.. 963% in the previous
week and 92.8% a year ago-Amer-
lean Paper 81 Pulp Association.
Meat Price Controls have broken
down, President John Holmes Of
Swift IL Co. told Nebraska stock
growers. I'VE have price control
which does not control prices, and
crooks and chiselers are having .
field day. Needed by-products, val
ued in the millions, are being
wasted. The honest merchant has
the choice of going black or going
broke"
FlOrsheim Shoe Co. stockholders
approved 2-for-1 split Of class A
and B common stock. New shares
will be distributed about June 19 to
holders of record June IA. Divi-
dChNo Va ~ NSlLo oAl AiC" SapSc "A 0AA
20 cents on new class B stock were
declared, payable July /.
Montgomery Ward & Co. will offer
stock subscription rights to common
stockholders at the rate of an addi-
tional share for each four held. The
offer will be mailed out about June
"a if approved by the SEC. The
price will be $50 q share.
Standard Gas e. Electric Co. re-
ceived SEC permission to sell all Of
its $4,000 shares of California
competitive bidding.
North American Car Corp. regis
tered with the SEC So 5000 shares Of
81 cumulative convertible preferred
stock and will lend $1,000 900 of the
| proceeds to a new subsidiary, Illi-
nois Refrigerator Co., which recently
purchased North Western Refrig-
orator Line Co.
Rudy Furnace Co. registered with
the SEC 100000 common shares to
be offered publicly at SO share to
finance retirement of bank loans
and increase working capital.
Chicago, Aurora & Elgin Railroad
reorganization plan was confirmed
by Federal Court at Chicago. The
plan will freeze out $4,000, 900 in
stock holdings and unsecured claims.
Chrysler Corp. shipped 1913. 900 cars
and trucks between the start OF
production last December and June
l3, President K. T. Keller said. This
was at rate of less than so per cent
Of capacity.
Ell Paso Natural Gas Co. earned
$2,139,237 or 1898 a share in u
months ended April 80 VS.. s2226. .862
or 1888 in the previous year.
American Gable e. Radio Corn.
} profit for the March quarter was
S49,375 or / cent share VS.. 1884,
529 or Is cents in the same l945
period.
Pharis Tire & Rubber Co. earned
$3.50. .721 or s2.53 in six months ended
April 80 VS.. s14l ,0l3 or 66 cents a
year ago.
j ACF- Brill Motors Co. reported a
deficit of s278.017 for the March
quarter VS.. profit Of s23.760 or 2
cents a share in the same l945 pc
) riod.
General Motors Corp. common
and preferred stockholders for the
second quarter of 1916 totaled 42s,-
054 VS.. 425,63S in the previous quar-
ter and 423.837 a year ago
4 National Airlines reported revenue
passenger miles in May totaled l6.-
662, ,l83, a new record. VS.. 1855. .763
in the previous month and 1925 ,983
I a year ago.
Todd Shipyards Corp. has started
i production of its new line of in
secticidal fog machines.
Columbia Gas e. Electric Corp.
called for redemption on July Is all
OF its So debentures. due 1861, at
j 102 and accrued interest.
' Pacific Greyhound Lines called for
redemption on July Is its remaining
16. .329 shares of ~ cumulative pre-
ferred stock.
1 American Management Associa-
ton elected John M. Hancock board
chairman. He is partner Of Leh-
|, man Bros.
L. .. Savings DonuS stATt W ~Vih
, for you the moment you buy them
by helping hold prices down. Money
, invested in bonds cannot compete
in the prevailing market in which
the peoples purchasing power far
exceeds the value of available goods.
. Your bonds continue to work for
you until they mature in 10 years
, by constantly increasing In value
. and by guaranteeing your security