Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-09-01
Business Briefs
General Business Activity has

1eneral buslneSS ACTIVITY mas ex-
tended its rise slightly. according
to the index of Business Week,
which stood at 1886 for the latest
week VS.. 1892 in the previous week,
1925 month ago and 1875 a year
ago
Bituminous Coal Production for
the week ended August "a approx
mated 12.2l0,000 net tons VS..
IL 900 900 in the previous week and
H. l74,000 year ago-National Coal
Association. For the year to date
output was 328,l2l 900 tons VS..
381 800, 900.
U. S. paper production, excluding
newsprint, for the week ended
August "a was at 1861 per cent Of
capacity compared with 104.5 per
cent for the preceding week and
95.4 per cent in the corresponding
week a year ago.-American Paper
and Pulp Association.
Air Cargo Transport Corp. has
asked CAE action to end current
rate war" of air cargo carriers.
Some carriers had cut rates to 1917
cents ton mile from an average of
161a cents, 1t was claimed.
Bendix Aviation Corp. had a net
loss of s820,015 for the nine months
ended June 80 against an income of
sl0,376,644 or $500 in the CORE
spending period last year.
Willis Air Service Inc. will air.
freight raw textile materials and
leatherwork goods to San Juan,
Puerto Rico, for processing there
and return. Monthly movement of
81 100000 in goods is anticipated.
First shipment leaves September T.
Follansbee Steel Corp. declared an
initial dividend of Is cents a share
payable September 80 to holders of
record September IA.
Baltimore and Ohio Railroad has
requested bids on 1000 steel hopper
cars for handling coal This is In ad-
dition to an order for the same num-
Der Of cars placed in June, delivery
of which will begin in the last quar-
ter of this year.
Magma Copper Co, Augusta, Me-,
increased capital from 100000 to
l 200 900 shares at $40 par.
Stern and Stern Textiles Inc, New
York. have filed with the SEC regis
tration for 191 900 shares of par
common, representing 433 per cent
Of the company's common which
will be issued and outstanding on
completion of sale.
| Seaboard Finance Co. of Washing
ton registered with the SEC 100000
common shares, of which 100000
will be offered for the account of
stockholders. Company proceeds
from the remainder will be used for
corporate purposes. Net income for
three months ended June 80 was
S324,747 or 81 cents a share VS.. $780,
697 or II cents year ago.
Phelps Dodge Corp. and American
Metal Co have contracted with
Great Britain to process 100000 tons
of shell and cartridge cases for re-
} covery of copper content, estimated
at 10000 tons.
State and municipal bond issues
} issues scheduled for sale in the
coming week declined to S9,088, 48O
, from the revised figure of 50, 399, 561
! last week and compared to the
weekly average for the year Of $685.
, $50, Cordially Bond Buyer.
Automobile and truck assemblies
in the United States during August
totaled 347,120 units. an increase of
1884 vehicles over July.-Automo-
tive News.
!, Dawson Chemical Co., Baltimore,
announced election of M. c. Roop,
former secretary and controller, as
, treasurer of the company.
Western Union Telegraph Co., an
nounced the retirement after so
Y years of service of Martin H. Clapp,
general contract manager.
Canadian grain harvest in the
J prairie provinces is estimated at
934 100000 bushels as against 1885,
100000 last year and 10-year aver
! age of 748, 40O, 900 bushels,