Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-06-14
Business Briefs

Retail Trade in the last week was
slightly ahead OF the preceding week
and averaged 800 to $50 above
year ago-Dun d Bradsueet.
Largest dollar gains were in apparel,
foods and household furnishings.
Money in Circulation totaled S28,-
128,000,000 on June II, decline of
S31 100000 from a week earlier but
81 ,595 900 900 above a year ago-Fed-
eral Reserve Board.
individual Income Payments in
April totaled $12, 784 100000. equiva-
lent after seasonal adjustment to
an annual rate of $156, 900 900 900
VS.. $3.50 BOO, 000,0 in 1s45-Com-
merce Department.
Auto Production in the United
States and Canada is estimated at
1888 this week VS.. 43,175 last week
and 1852 in the like 1941 week
Wards Automotive Reports.
A Merger Of Financial Titans, the
Mellon Securities Corp. and First
Boston Corp, was reported being
considered by directors of the two
firms. First Boston would be the
continuing firm. but the Mellon
family would retain a substantial
interest.
Pennsylvania Electric Co. was
authorized by the FPC to purchase
Pennsylvania Edison Co. for $42,-
451 900 cash. Both firms are sub
salaries of Associated Electric Co.
G. G. Murphy Co. registered with
the SEC 100000 common shares to
be sold publicly to help finance re-
tirement of Az % preferred stock at
100 plus accrued dividends.
American Yarn g. Processing Co.
registered with the SEC $1,000
shares of 500 par cumulative con-
vertible preferred stock to increase
working capital. The company may
spend $8l5,000 for mill expansion in
1916 and 1947.
WHY'S Overland Motors, Inc, gave
common stockholders rights to sub
scribe for 3l0,290 more common
shares at 20 on the basis of new
share for each eight held. Rights
were also given to 1874 shares of
$3.50 cumulative convertible pre-
ferred at 100 on the basis of new
share for each is held.
Distillers Corp. Ltd,
stockholders approved 5-for-1
split in common stock. New shares
will be on an annual dividend basis
Of go cents share. compared with
ssh cents quarterly on present
stock.
Bayuk Cigars, Inc, stockholders
will vote September 10 on a pro-
posed 2-for-l split in capital stock.
Casco Products Corp. stockholders
will vote June "a on a proposed
3-for-1 split in common stock
already approved by directors.
Household Finance Corp. declared
a dividend of 40 cents a common
share, payable July Is. Previous
payments were IS cents.
Standard Screw Co. declared an
extra dividend of 50 cents and a
regular quarterly of 80 cents, both
payable June 20.
Niles -Bement- Pond Co. has taken
no action on dividends for the first
two 1916 quarters because of drop
in earnings caused by the strike,
President Deeds said.
Engineers Public Service Co. net
income for IL months ended April
80 was $7077,477 or $3.50 a share VS..
$7,585,816 or $2.85 in the preceding
fiscal year.
Gruen Watch Co. earned $1071,-
837 or $279 in II months ended
March 81 VS.. 1864, 1888 or s1.69 in the
previous year.
Emerson Radio d Photograph Co.
profit for 26 weeks ended May
was $343, 300, or IS cents VS.. $514,575,
or 81 % in the same period last year.
Reynolds Spring Co. deficit for six
months ended March 81 was $483, 1856
VS.. profit OF $184,994 or 81 cents in
the same l945 period.
r. Hoe & Co. received a $4,000, 900
order for nine color printing presses
from American Weekly, a Hearst
magazine. Construction will ex-
tend through 1947.
Consolidated Vultee Aircraft Corp.
reported a backlog of s264,9l0, 900
on April 80, exclusive of products
unrelated to aviation, but predicted
1916 operation would result in a
loss because of reconversion.
Glen L. Martin Co. will construct
q $500, 900 plant near gainesville,
Ohio, to make synthetic resins.