Evening star., 1946-05-26
Business Briefs
Demand Continues High but

Demand Continues High but the
capacity to produce is static because
of material shortages. - National
Association of Purchasing Agents.
A strong trend toward poorer busi-
ness than month ago was reported.
Wholesale Trade continued to ex-
pand in the last week and was well
above a year ago.-Dun & Brad
street. Grocery volume was esti-
mated ITO above a year ago.
Critical Shortage of Insecticides
and fungicides resulting from strikes
and lack of transportation threaten
the Nations food supply.-Agricul-
tural Insectitide and Fungicide AS
sociation.
Soft Coal Production in the first
week of the truce in the coal strike
approximated 100000 tons. - In
terror Department. Only 100000
tons were produced in the previous
week while 11,234,00O were turned
out a year ago.
Paper Output in the week ended
May 18 was at $780, of capacity VS..
l02.8Go in the previous week and
92.59o a year ago.-American Paper
and Pulp Association.
Installment Credit Is Increasing
and experts predict an increase of
400 to 500 above record 1941 levels.
Associated Press.
State and Municipal Financing
scheduled for the coming week to-
tails $31,063,500 VS.. $63,116,900 last
week and a weekly average for the
year to date of $29926, 6,581-Daily
Bond Buyer
Wayne Knitting Mills registered
with the SEC 10000 common shares
to be offered at $40 share to pres
ent holders. Proceeds will be used
to redeem preferred shares and in
crease working capital.
Gulf States Utility Co. registered
with the SEC $27O00,00O of first
mortgage bonds. due 1876, for re-
funding purposes.
Greyhound Corp. stockholders will
vote July 9 on proposed 3-for l
split in commond stock approved by
directors. Orville S. Caesar was
elected president to succeed C. E.
Wickman, who became board chair
man.
Atlas Corp. was reported negotiat-
ing with merchandising organiza-
ton headed by Walter Hoving in as
sociation with Blyth & Co. for sale
of Bonwit Teller and another Fifth
Avenue store, possibly Franklin ST.
mon & Co.
Raytheon Mfg. Co. stockholders
approved merger with Submarine
Signal Co. Terms provide for ex-
change of 512 Raytheon shares for
each share of Submarine Signal
Standard Oil Co. of Ohio called
5000 shares of 3a4 C cumulative pre-
ferred stock, series A, for redemp-
ton on July Is at 100 plus accrued
dividends.
General American Transportation
Co. earned S487 1884 or Al cents a
share in the March quarter VS.. $685.
688 or 80 cents a year ago.
Anaconda Wire g. Cable Co. net
for the March quarter was s6,233
or l cent a share VS.. S273,062 OF
IS cents in the same 1945 period.
Associated Telephone & Tele-
graph Co. reported loss of S5 ,691
for the March quarter VS.. profit of
S49,492 for the same period last year.
California Packing Co. earned
S2,6346 649 or S2.57 in IL months end
ed February % VS.. 50 ,993 448 or s2.95
in the preceding fiscal period.
Virginia Electric & Power Co.
granted hourly wage increases of
4 to cents to all clerical and Office
employees.
Walgreen Drug Co. was reported
to have purchased the famous San
born's restaurant in Mexico City for
S2.50O0O0.
Boeing Airplane Co. elected j. E.
Schaefer vice president and general
manager of the Wichita division.
Erie Railroad elected A. B. John
son vice president in charge of real
estate and industrial deve1onr,ept