Evening star., 1946-06-09
Business Briefs
General Business Activity has de-

General Business Activity has de-
clined further, according to the
index OF Business Week, which
stood at 1880 in the latest week VS.
1873 in the preceding week, 1857
q month ago and 1884 year ago
Auto Industry Profits, If any, will
be meager this year. reported the
Associated Press in a survey. Price
increases have Jagged behind sharp.
ly rising costs, manufacturers said
Steel Ingot Production in the
Pittsburgh area will squirt to 1861
of capacity this week, rejecting the
first weeks resumption of bitumin.
Gus coal output.
Paper Output for the week ended
June l declined to 9633o of capacity
VS.. 1927 in the previous week and
87.9% q year ago-American Paper
and Pulp Association.
American Viscose Corp. will &C
quire business and properties OF
Sylvania Industrial Corp. under q
formal agreement signed by direc-
tors. American Viscose elected DR.
Frank H. Reichel board chairman
He is president Of Sylvania. John
G. Jackson, who retired as board
chairman, was elected general coun-
sci.
Columbia Gas l. Electric Corp.
sale of 100000 shares .of Dayton
Power d. Light Co. common stock
to a group headed by Blyth 81 Co
and Mellon Securities Corp. was ap-
proved by SEC. The shares are to
be reoffered publicly at S35.75 q
share.
Ohio Power Co. received SEC
permission to sell 100000 common
shares to its parent, American Gas
& Electric Co., for $4,000 900 cash
Proceeds will be used to pay bank
loans.
General Motors Corp. reported ca,
and truck production in May to-
tailed 1856, about half the firms
goal, and predicted further drop
In the immediate future. Officials
blamed material shortages caused
by strikes.
Pittsburgh Consolidation Coal Co
has acquired all Ohio coal mining
properties Of M. A. Hanna Co. fol
$4,000 shares of Pittsburgh stock
The Hanna Co. will hold the stock
as an investment.
J. c. Penny Co. sales for Nav to-
tailed $51 ,331 800. a gain of 28.2%
from a year ago: for five months
$3.50 ,642, ,036, an increase of 1857.
Walgreen Co. sales in May totaleo
Sll ,70l,l14, rise of 1852 from q
year ago; in five months, $55 5,676, ,346
a jump of 20.5%.
]. J. Newberry Co. sales for Nav
totaled s8,s73,826. a gain of ll.7%
from a year ago: for five months
$39 ,440.9 .94l. an increase Of s.2%o.
Bond Stores, Inc, sales in Nav
totaled $5,624,126, a jump of 48.3%
from a year ago: in five months
$25 883.747. rise of 33.4ec.
5. H. Kress l. Co. sales for Nav
totaled $ll,476,722, a gain Of 22.sgo
from q year ago; for five months
$o4, 756,9l8, an increase of 1870.
Spiesel, Inc, sales in May reached
s7,550,42l, a jump of 1920 from a
year ago; in five months, s3G, ,773,-
Sl7, a rise of 4499o.
Lerner Stores Corp. sales for Nav
totaled $7,835,7l8, a gain OF go
from a year ago; for four months
ended May 81, s3O,5s7, 1895, a gain of
4.loc.
Philip Morris l. Co. earned s6.l47.-
99S or 2.67 share in II months
ended March 81 VS.. .S6,8O3, ,624 or
S2.97 In the previous year.
Dayton Rubber Mfg. Co. profit
Tor six months ended April 80 was
s5s8,7Sl or $l.22. Sales totaled s14,-
123.s57 VS.. $l2,739,2l3 a year ago
Sweets Co.. af America earned
Sl8S,833 or s2.22 in the March quar-
ter VS.. s77.s2l or 81 cents a year
ago.
Abraham l. Strauss. Inc, declared
an extra dividend of 81 and a regu-
lar quarterly Of 87ls cents a COM
mon share, both payable July Is.
American Hard Rubber Co. d.
rectors took no action on preferred
and common dividends at their
regular meeting.
Bloomingdale Brothers, Inc, de-
clared a dividend of 56h cents a
common share, payable July Is.
raising fiscal year payments to
Sl.23A VS.. 90 cents in the previous
year.
New York, Chicago l. st. Louis
Railroad sold sl,7So,oo0 Of equip
ment trust certificates to help
finance purchase OF equipment to
cost $2,24l ,563.
Redwood 4 Co. elected H. Russell
Burbank president to succeed the
late Wallace r. Jones.
Bultimore Markets