Evening star., 1946-04-07
Business Briefs

OCHCTdl DuSlHcSS ACtlVlty CUllUlll.
ues to expand, according to the in
dex Of Business Week, which stood
at 100 for the latest week VS.. 1860
in the previous week. 1905 a month
ago and 1880 a year ago.
Barker Brothers Corp. stockhold-
ers approved 2-for-1 split in COM
mon stock.
Panhandle Eastern Pirc Line Co.
registered with the SEC $4,000, 900
of debentures to refund $46,200, 900
OF securities and pay for construc-
ton.
Mcclellan Stores Co. called for re-
demption on July 8 all 29,847 shares
of so cumulative convertible pre-
ferred stock at ITO and accrued divi-
dends.
Sharon Steel Corp. sale of its
Lowellville (Ohio) plant to 4 nom
integrated steel companies will be
announced shortly, said President
Roemer. Only few details remain
to be worked out.
Merger of Edward G.. Budd Mfg.
Co. and Budd Wheel Co. was pro-
posed by President Budd and hold
ers will vote June II. Profit of the
former firm in 1945 was $112,676 VS..
$2,720,204 in 1914; of the latter,
$2,326,136 VS.. $2,0l7,6O5 in 1914.
American Gas g. Electric Co. and
subsidiaries reported net of $l3,-
816, ,780 or $2.70 in IL months ended
February % VS.. $12,337,741 or $2.37
in the preceding fiscal period.
Chile Copper Co. earned $13,097,-
082 or $297 share in 1945 VS.. $14,.
$50, ,430 or 1927 in the previous year.
Scoville Mfg. Co. net for 1945 was
$3,049,634 or 1921 VS.. $3,841 ,843 or
$367 in 1914.
North American Rayon Corp.
earned Sl,237,965 or 1924 in IL
months ended December % VS.. ST.
627,601 or SO in the previous year.
Bausch & Lomb Optical Co. profit
for 1945 was $l,1s2,743 VS.. $1,089, lit
in 1914.
Sears, Roebuck g. Co. sales for
March totaled $l28,600,9 ,90l, a jump
of 1880 from a year ago: for 2
months ended March 81, $223, ,662 ,045,
a gain of 1885,.
F. w. WoOlworth Co. sales in
March totaled $4,000, ,689, a drop of
$50 from a year ago; in months,
$l06 ,979,6l8, a rise of 1917.
Butler Brothers sales for March
totaled $l2,630, 1888, a gain of 2Oeo
from a year ago; for 3 months,
$31 ,672, ,492, an increase of 1870.
Spiegel, Inc, sales in March to-
tailed S9,580,175, rise of 37.9es from
a year ago; in 3 months, SIC, ,065 1853,
an increase of $780,.
Lerner Stores Corp. sales for
March totaled 1881 ,044 a drop of
1887 from year ago: for 2
months ended March 81, S13,717O32.
a decline OF 9.3Go.
Walgreen Co. sales in March to-
tailed $11, ,489,08l, a gain of 1920
from a year ago: in months, $32,-
6S5 1888, a gain of 16.79o.
Mercantile Stores Co. sales for
March totaled $7,3l1 300, a gain of
1850 from year ago; for 2 months
ended March 81, sl3, ,861 900, a Jump
of 252T.
McCrory Stores Corp. sales in
March totaled $6,041 ,677, a drop of
$50 from year ago; in 3 months,
$l6,255, ,5l4, a gain of 1.8%.
Melville Shoe Corp. sales for
March totaled $5,576,2l7. a rise of
2O.76% from year ago: for 3
months, $l2,575,l36, a jump of
44.47qe.
May Department Stores Co. de-
clared a dividend of SO cents a COM
mon share, payable June l. Pre-
vious payments were 421a cents.
Huyler's declared a dividend of
$l.83 to clear all arrears on the 81
second preferred stock, payable
May /.
Booth Fisheries Corp. declared an
initial dividend of Is cents and an
additional dividend of Is cents a
common share, both payable May /.
American Home Products Corn.
was reported negotiating to acquire
Joseph Burnett Co., vanilla makers.
IN exchange for 8,918 shares of
Home Products.
National City Lines, Inc, ac-
quired Pacific City Lines, Inc. op-
Grating transit properties in is
Western cities, through an exchange
Of shares.
Creole Petroleum Corp. elected
Roger H. Sherman vice president.
Western Union TELEGRAPH Co.
elected John H. Waters general at
torney.