Evening star., 1946-12-29
Business Briefs
Booming Christmas Demand S

department store sales throughout
the Nation 26qo above year ago
in the week ended December 21-
Federal Reserve Board Gains by
reserve districts were: Boston,
--27ee; New York. 1916; Phila-
delphia, +26&; Cleveland, +27To;
Richmond, --17fs; Atlanta, -20%e;
Chicago, 27Gs; st. Louis, +-24ge;
Kansas City, -22fe; Dallas, -25%,
and San Francisco, -26fe.
Auto Production in the United
States was cut to around 42,70l cars
and II 1850 trucks during Christmas
week VS.. SS484 and 26,o29 In the
preceding week-AutomotiVe News.
Output of about 2.149,000 cars and
936 900 trucks for 1916 was termed
disappointing, but prospects were
seen for production of 10000 600 cars
and 100000 trucks in 1947 If strikes
do not interfere.
Home Furnishings Sales for 1946
rose to an estimated $4,000, ,o0o,0 900.
lump of more than $40 from
Il945-Fairchild Publications. Both
unit volume and prices were up.
New Bids on the Big and Little
Inch pipelines were asked by the
WAA. The deadline will be noon
February and the bids Will be
opened February 10.
Lustron Corp. has indicated 1t Will
lower its request for a Government
loan to build steel houses from s52,-
900, 900 to less than $14,000,0OO, an
MIA official said.
Owens-IIlinois Glass Co. submit
ted the highest bid of S778,0OO for
the Government aircraft plant near
st. Charles, H., operated during the
war by Howard Aircraft Co. The
firm plans to use the property for
the manufacture Of plastics.
Standard Power & Light Corp.
plan to sell !, 10000 common shares
of Standard Gas & Electric Co. Is
inconsistent with the public In
terest," SEC examiners ruled. Dis
approval was recommended.
Great Northern Railway earned
s2o,480194 or $662 a share in II
months ended November 80 VS.. $25,-
1928 ,O89 or 1885 a year ago.
Wheeling & Lake Erie Railway
net income for II months ended
November 80 was S3,248,632 or s683
VS.. s2.482, ,482 or s4.56 in the same
l945 period.
Beatrice Foods Co. earned So
1872, 1924 or S706 in 9 months ended
November 80 VS.. $l,506,216 or s2.57
a year ago. Net for months ended
the same date was Sl,238, ,9sl or S2.32
VS.. S388,214 or 63 cents.
Reliance Electric & Engineering
Co, profit for II months ended Oc-
tober 81 was 1851, $50 or s1.65 VS..
$685. ,140 or S2.02 on fewer shares IN
the preceding fiscal period.
Hayes Mfg. Corp. earned S2l5,I4o
or "a cents in II months ended
September 80, including s240,7s4
carryback tax credit, VS.. S436,446 or
so cents in the previous year.
NY PA NJ Co. dissolution and
surrender of all of its stock by It's
parent, General Public Utilities
Corp, was approved by the SEC.
Koppers Co. has purchased sub
stantially all stock of Pennsylvania
Coal Products Co. of Petrolia, Pa. :
John A. Roebling's Sons CO..
maker of wire rope, bridge cables
and Similar products at Trenton,
N. J.. announced a S6,000,000 eX-
pansion program for 1947.
Borden Co. will spend s1,5O0,0O0
for expansion of its Newport, N. Y,
plant.
General Electric Co. announced
development of an alarm thermo-
stat to signal any failure in frozen
food cabinets.
Westinghouse Electric Corp. will
increase prices on some appliances .
because of higher costs, but no gen ,
eral increase is contemplated, said .
John H. Ashbaugh,. vice president.