Evening star., 1946-10-07
Business Briefs
SHORTAGES win Continue to I

Shortages Will Continue to DOM
mate fall shoppings plans OF the
average American - Associated
Press. Children's underwear and
mems clothing vie for first place
among current shortages. Mems
shirts are in no better supply than
six months ago.
Southern Construction Contracts
for the first nine months of 1916
totaled 900 VS.. S788, ,795, ,00C
a year ago.-Manufacturers' Record
OF tha latest total, 72% of the con-
tracts were for residential building
Farm Electrif1cation is expected
to carry power to about 100000 addi-
tional farms by the end OF 1948.-
Edison Electric Institute. About
100000 farms, or 1870 Of all those
occupied, are now either connected
to power lines or within a quarter
of mile from such lines.
Hosiery Shipments in August to.
tailed 12,o85.85 dozen pairs, a gair
of TO from year ago.-ASSoclatlor
of Hosiery Manufacturers. In eight
months of 1916, shipments totalee
99,499, 1882 dozen pairs, gain of 8.l%
from a year ago.
Federal Home Loan Bank offering
of $140,000,000 or 1A9o serie:
A-194S, noncallable bonds was mar.
keted today by the Federal Home
Loan Bank Administration through
Everett Smith, fiscal agent, and 6
Nation wide group of securitie;
dealers. The bonas were priced al
99kT and accrued interest.
An Outlay of $302, 100000 by 1885,
was recommended by the Philadel-
phia Planning Commission in re-
port to the Mayor The dollar tota
might be even higher if a number Of
scheduled projects, among them
major highways, are included.
Metropolitan Paving Brick Co
stockholders will vote November {
on a proposed 21a-for-1 splitup ir
common stock. Directors have ap-
proved the plan.
E. r. SQuibb g. Sons earned S.
Isl, ,4o3 or $3.01 share in IL months
ended June 80 VS.. $2,512,595 or $1.37
in the previous year.
National Battery Co. estimated
profit for three months ended July
81 was $3.50, 900 or rs cents VS.. $685.
900 or 81 cents in the same 1945
period.
Outlet Co. earned $497,517 or S.
in six months ended July 81, after
inventory reserve of 100000, VS.
s276,157 or $2.7s year ago. after
inventory reserve of $4,000.
vanadium- ALLOYS Steel Co. profit
for II months ended June 80 was
s543l56 or $2.68 VS.. $641 500 or s3.1e
in the preceding fiscal period.
Lehman Corp. net assets on Sep
tember 30 were equal to $49.66 a
share VS.. $5902 on June 80 ano
$50.77 year earlier.
Fairbanks, Morse e. Co. is oper.
ating at a profit, despite strike
of five and half months, reported
Vice President r. w. Morse, jr. He
predicted profit for 1946.
Dawson Chemical Co. resumed
production of superphosphates at its
Curtis Bay, Md, plant after a shut
down for rebuilding.
United Air Lines leased 10000
square feet of Office space in the
wartime Dodge plant at Chicago
from the Government.
Pantepec Oil Co. of Venezuela has
agreed to sell its full production tt
Comma pnie F'rancaise deS Petroles
for at least three years based on the
posted price of similar oils on the
Texas Gulf Coast.
National Association of Manu-.
facturers appointed j. E. Drew as.
8 sistant to Holcomb Parkes, vice
president in charge of public rela.
ton, Mr.. Drew WAS formerly as.
sistant director of promotion for the
American Gas Association ant
deputy manager of the American
H6kers' Association.