Evening star., 1946-01-11
Business Briefs

COCA al 4n4NlloCl IL. 4SOC
gave final stamp of approval at Chi
cago today to reorganization of the
Chicago, Indianapolis g. Louisville
Railroad (Monon route, which has
been in the courts since 1888, when
a voluntary bankruptcy petition
was filed.
Present low interest rate on Gov
ernment debt is form of indirect
taxation or conf1scation, S. Sloan
Colt, Bankers Trust president, de-
clared to stockholders meeting in
New York.
Money in circulation declined S194
million in week, ending January g.
Drop was largest any week since
March 20. 1888, after bank holiday
helped ease general situation and
moved reserve ratio 3 higher to
4229o.
New York banks have been cau-
toned by Supt. Bell against con-
tributisg to real estate imitation by
making new loans on existing prop
estes at rising prices.
Reynolds Metals reports lease of
Hurricane Creek alumina plant
worlds largest, and Jones Mill ingot
plant, both in Arkansas-both Gov
ernment owned.
OPA hints possible return of
prices and ceilings on auto parts to
keep car costs in line. OPA lists
1916 Lincoln 10 higher than 1912
models
Pan American World Airways car
ried 20,025 across Atlantic in 1945,
increase of so per cent. Craft made
4l9 crossings, included 725,00O
pounds express and mail.
Retail sales this week rose above
similar week last year, Dun g. Brad
street estimating 0 to 40 gain over
United States with only scattered
clearance sales.
Speculation in Government bonds
is reported to be enormous with
profits spectacular to large holders
Real Estate bond prices advanced
2.2% in December, according te
Amott- Baker averages. This marks
42d consecutive month, fifth straight
year of advance. Total climb fol-
1945 was 26.3%. Averages are based
on 200 Eastern issues.
Robert E. Watson, Nutley, N. J..
Is president of new corporation
Weston Biscuit, which will inherit
United States interests of George
Weston, Ltd, Canadian corporation
w. Garfield Weston, son of the
founder, is chairman of both com
panies. Plants taken over include
PasSaic, N. j.; Salamanca, N. Y, ano
distributing centers in Clifton, N. j.;
Cambridge, Mass; Philadelphia anc
Baltimore. Corporation controls
wholly owned subsidiaries: George
Weston Biscuit, Battle Creek, Mich.
and Southern Biscuit, Richmond, Va
National Radiator directors recon.
mended 212 -for-l split of outstand.
ing common stock.
Louis E. Hanson is controller OF
Socony-Vacuum Oil Co., Inc.
G. c. Murphy Co.'s 1945 sales were
up 1875; December over year before
1o4%.
Edgar Kaiser, son of Henry j
Kaiser, is general manager OF
Kaiser-Frazer Corp, headquarters
Willow Run.
Blyth & Co. offers as secondary
distribution $4,000 shares of Philips
Dodge Corp. capital stock at 1884
West Coasts untitled lumber or.
ders totaled 738, 1882, 900 board feet
as of December 81, with gross stock.
400, 0,405 900.
Federal Reserve Bank of New
York, largest semipublic banking in.
stitution, reported total resource:
of $11 ,666,274, compared to S10.819,.
600 the previous year; net earnings
s25 1897 900; gross. S36,026,00
Merck e. Co. stockholders will vote
February 5 on proposal to issue l20,.
600 shares of cumulative preferred
and 100000 common, the plan beine
to fund retirement of 100000 out.
standing shares of preferred ane
obtain $5,000,0 900 for expansion.
William S. Knudsen was named
director of Standard Accident In
surance Co.