Evening star., 1946-01-07
Business Briefs

Wholesale Volume in the last
week was below the preceding week
but was equal to or slightly above
a year ago, reported Dun & Brad
street, Inc. Stocks were depleted
by strong retail demand and slow
manufacturers shipments.
The Set-Aside Order for Woolens
recently issued by the CPA will ac-
tually interfere instead of assist with
the orderly production of woolens
for mems suits and overcoats, de-
clared Arthur Besse, president of
the National Association of Wool
Manufacturers
NASD Registration DeadIine for
individuals associated with or en-
ployed by members of the National
Association of Security Dealers has
been extended to January Is. The
original deadline was December Is
Union Asbestos G. Rubber Co. Of
fering of 217,384 common shares was
marketed by group headed by
Kuhn, Loeb & Co. at 1712. All OF
the shares were for the account of
stockholders.
Electronic Corp. offering of 10000
common shares and 10000 con-
vertlble preferred was marketed by
a syndicate headed by First Colony
Corp. Prices were 5 and 10, re-
spectively.
Pathe Industries, Inc, stockhold-
ers approved a 10-for-l split in
common stock to permit wider dis
tribution.
Columbia Pictures Corp. stock
holders will vote January 81 on a
plan to issue 5000 shares of new
az % cumulative preferred stock
and redeem present 234go converti-
BILE preferred at SO.
Booth Fisheries stockholders will
vote February on a plan to in
crease authorized common shares
from 10000 to 100000 and split the
stock 3 to l.
Franklin Stores declared a quar-
terly dividend of 20 cents a common
share, payable January %. Previous
quarterly payments were Is cents.
Dayton Rubber Co. declared div
idend of 20 cents on the new com
mon, recently split for l, payable
January 81. The firm paid Is cents
quarterly before the splitup.
Armour e. Co. profit for 1945 was
e9,172,538 or $141 a share VS.. SILL
PSF, ,348 or $l.92 in the preceding year
Working capital at the years end
was $4,613.851 above year earlier
Wesson Oil e. Snowdrift Co
earned $553, ,021 or As cents in three
months ended December / VS.. $780,
205 or SO cents year ago.
Pennsylvania Power g. Light Co
net for IL months ended October 81
was $5,043 ,007 VS.. $5,554, ,846 in the
preceding fiscal period.
r. Hoe g. Co. earned $586, 800 Of
$3.50 on class A stock in IL month.
ended September 80 VS.. $500, ,S79 o.
s4.97 in the previous year.
Safeway Stores, Inc, sales for 81
weeks ended December % totaleo
1864 ,623 1882, gain of 1.2d from
the preceding year; for four weeks
ended the same date, S59, ,406 ,623, an
increase of 1927 from a year ago.
w. T. Grant Co. sales for Decem.
Der totaled $27,747 ,905, a gain oi
49, from year ago; for Il
months, $179,557.577, an increase OF
$40 from the previous year.
Consolidated Retail Stores. Inc.
sales in December totaled $3,025, 1862
an increase of 16.89o from a veal
ago; in II months, $25,749,010, 6
gain of 1870.
Lehman Corp. net asset value or
December 81 amounted to $57.71 9
share, highest mark on record, ane
compared with $50.77 on September
30 and $44.28 year ago.
Transcontinental & Western Air
Inc, appointed Clyde S. Fullerton
general traffic manager.
General Motors Corp. appointed
]. A. Mitzelfelt manager of the Bal,
timore-Washington branch of it.
Frigidaire division.