Evening star., 1946-02-07
Business Briefs
Gasoline stocks Increased to- a n,

Gasoline stocks increased to new
high of 102 1886, 900 barrels on Febru-
ary VS.. 101, ,737 900 a week earlier
and 92,141 900 year ago, reported
the American Petroleum Institute.
Severe Unemployment during
January was reported by 13 addi-
tional labor market areas, according
to the United States Employment
Service. OF 132 reporting areas, 81
were classified as having large num-
bers OF jobless. A showdown in re-
conversion was blamed.
Newspaper Advertising Index of
Printers Ink for December was
11.1% below the preceding month,
but 7.4% above the same 1914
month.
Retail Chain Stores reporting
January sales and changes from a
year ago included: Edison Bros.
Stores, S3,726,188 up 221%o; Butler
Bros, $8,440,314, up 1870; A. S. Beck
Shoe, S2,359 $50, up 1920.
Celanese Corp. stockholders ap-
proved merger plans of the film with
Tubize Rayon Corp. Tubize holders
approved it yesterday. Each Tubize
preferred will be exchanged for a
share of Celanese s475 first pre-
ferred and each Tubize common
share will be exchanged for two
thirds Of share of Celanese COM
mon. Assets of the consolidated firm
will total $150,000,000.
Allied Stores Corp. registered with
the SEC 257,840 common shares to
be offered present holders at the
rate Of new share for each 7 held.
Proceeds will be used for expansion.
Morgan Stanley & Co. and Dick g.
Merle-Smith head a group which
purchased $18,000,000 of Boston &
Maine first mortgage 40 bonds, due
1850, from the RFC. The bonds will
be reoffered publicly tomorrow at
103 and interest.
Oklahoma Gas & Electric Co., a
subsidiary Of Standard Gas & Elec-
trio, notified the SEC it proposes to
redeem its 146,478 shares of TO
preferred, which is callable at 1875.
United Corp. asked SEC permis-
sion to sell 200,000 common shares
of Columbia Gas & Electric Corp.
on the New York Stock Exchange.
United now owns 2,210,856 Columbia
common shares, or 1872 of out
standing voting securities.
Van Alstyne, Noel g. Co. faces
SEC proceedings to determine
whether it's broker-dealer registra-
ton should be revoked or suspended
The SEC said the proceedings were
the outcome of the firms handling
of the sale of securities of Higgins
Inc. before the effective date of
registration.
Columbia Broadcasting System
profit for u months ended Decem-
Der 20 was SIS, ,346, 200 or S3.1l share,
including 100000 from sale of sta
ton WHIT, VS.. $4,678, ,361 or $2.72 in
the preceding fiscal period.
.Bristol-Myers Co. earned S2,497,-
731 or $1.71 In 1945 VS.. $2,439,546 or
ss,66 on fewer shares in the previous
year.
oliver Corp. profit for 10 months
ended October 81 was $1,675,687 or
S1.63 VS.. S1,735,140 or s2.63 on fewer
shares. in the preceding fiscal period
Consolidated Paper Co. earned
s920,612 or $1.23 in 1945 VS.. S1,072,-
lo1 or SLAB in the previous year.
Standard Cap g. Seal Corp. net for
1945 was $374,234 or n cents VS.
$263, ,821 or 73 cents in 1914.
Socony- Vacuum Oil Co. reduced
wholesale prices of gasoline in New
York and New England. Cuts
ranged up to 3 Of cent gallon.
Equitable Life Assurance Society
reported insurance in force on De-
cember 81 totaled $9,172, 900 900, a
gaia of 1922, 400 900 from year ear
lier. Assets totaled $3.50 500, 900, an
increase of $341 500 900.