Evening star., 1946-05-28
Business Briefs

April Factory shipments OF COOK
ing appliances, heating stoves, laun-
dry equipment, refrigerators, sewing
machines and vacuum cleaners were
valued at $51 ,046,205, jump Of 28%
from previous month-Commerce
Department.
Auto Production in this holiday
week is expected to total no more
than $4,000 vehicles-Associated
Press. Shortages of materials and
parts have become so critical that
additional assembly lines may be
halted at any moment.
Atlas Corps has sold $4,000 COM
mon shares of Bonwit Teller to How
ing Corp and hasagreed to sell the
balance of its holdings, consisting OF
"a, ,744 shares, to the same firm. This
will give the new group $3.50 control,
valued at around $5,000,000. Hoving
Corp. announced plans to establish
full-size branches in major cities
throughout the country.
Canada Dry Ginger Ale, Inc, di-
rectors approved a proposed 3-for-1
split in common stock. Holders will
vote July II.
National Lead Co. declared an
extra of Is cents and a regular
quarterly dividend of 1917 cents,
both payable June 20.
International Telephone g. Tele-
graph Co. sold $50 ,000,00 of 15-year
80 sinking fund debentures to in
surance companies and will use
proceeds. together with treasury
funds, to redeem s43,530.000 of 25-
year SO debentures, due 1855, at los.
Hudson Motcr Car Co. set price
of $22 a share for 226973 more au-
thorized by unissued common shares
to be offered stockholders through
June IL. Hudson common closed at
30% on the New York Stock Ex-
change yesterday.
GIenmore Distilleries Co. plans to
increase working capital by selling
10000 shares of class B nonvoting
81 par value common stock, the firm
notified the SEC.
Standard Gas e. Electric Co. reg
istered with the SEC $4,000 COM
mon shares of its subsidiary, Cali
fornia- Oregon Power Co., which it
plans to sell at competitive bidding.
The stock represents 5000 of the
voting power in California Oregon.
Potomac Edison Co. received SEC
approval for an integration plan for
itself and direct subsidiary, Poto-
mac Light g. Power Co.
Indianapolis Union Railway Co.
requested bids up to June II on S.
100000 of refunding and improve
ment mortgage bonds, series c, to
mature in 1886.
Allied Stores Corp. directors au-
thorized issuance of 257, $40 more
common shares. Stockholders will
be given rights to buy on the basis
of new share for each seven held.
Meyercord Co. registered with the
SEC 100000 common shares to in
crease working capital.
American Investment Co. of Illi-
nois registered 10000 shares Of $25
par value so convertible preference
stock to be offered in exchange for
old preferred.
Joy Mfg. Co. will take over Breck.
inridge Machine Co. of Cleveland
June l.
Montgomery Ward & Co. earned
$13,760,098 or $2.57 a share in three
months ended April 80 VS.. 4,707 ,955
or SO cents a year ago. Sales of
S2l3,757 $40 we're 1870 above a year
ago. Lower taxes helped to increase
profits.
Greyhound Corp. profit for the
March quarter was $3,790,362 OF
$1.21 VS.. 81, ,582, ,694 or 81 cents in the
same 1945 period.
Honolulu Oil Corp. earned $685.
458 or IA cents in the March quarter
VS.. 81, ass, ,123 or $1.32 a year ago.
Northern States Power Co. net 'fol
the March quarter was $493, 1882 VS.
$339, ,252 in the same 1945 period.