Evening star., 1946-04-12
Business Briefs

Retail Trade in the last week was
moderately above the previous week
and averaged 23fo to 279o above a
year ago-Dun & Bradstreet. Easter
demand was heavy and stores had
larger stocks.
Money in Circulation totaled $27,-
55,000000 on April 10, gain of
%43,O00000 from a week earlier and
S2,016, 100000 above a year ago-Fed-
rral Reserve Board.
Domestic Rayon Shipments in
Iarch totaled 75,300,000 pounds, a
mp of 1870 from the previous
2onth, and in 3 months of 1916
ached 197,200,000 pounds, a gain
11co from a year ago-TeXtile
Onomics Bureau.
Eversharp, Inc, and Magazine Re
nating Razor Co. directors approved
! principle new plans for merging
e companies. Holders of both
rms approved merger, but re-
raining order was issued by New
ersey court.
Sharon Steel Corp. will close its
ig Farrell Works early next week
5 a result of the coal strike.
Federal Light & Traction Co.
asked SEC permission to sell all
tock of its subsidiary, Tucson Gas,
1T competitive bidding.
Arkansas Power & Light Co. re-
ceived SEC permission to sell 300, 900
Gonmon shares to its parent, Elec-
gric Power & Light, for So 1928 900
cash.
United States & Foreign Securities
corp. will redeem 47,495 shares of
so cumulative first preferred June
y at los plus dividends.
United States Rubber Co. regis
red with the SEC S40,000000 Of
80 debentures, due 1876, to pro-
de additional working capital for
.;panSion.
National Distillers Products Corp.
vill redeem $18,000000 of long term
bank loans, due 1916 to 1851, on
April 20. This will eliminate all
funded debt and bank loans. The
recent common stock offering pro-
Vided funds.
General Telephone Corp. has ac-
uuired the Associated Public Utili-
ties Corp, a utility holding corpora
ton with $8,462,019 of assets.
American Telephone & Telegraph
Co. subsidiaries reporting net in
comes for months ended February
28 and year ago included New
York Telephone. $7.355, ,764 VS.. 81
660,209; Bell Telephone of Penn
Sylvania, $2,571,l1 VS.. s1,7OO,475.
Wesson Oil & Snowdrift Co.
earned $1,277,444 or S119 a share in
6 months ended March VS.. 1,190,-
768 or S1.04 a year ago.
Murray Corp. of America reported
a deficit of $914,084 for 6 months
ended February % VS.. profit of $613,-
532 or "a cents a year earlier.
Underwood Corp. earned 1858 500
or 36 cents in the March quarter VS.
S450,203 or 81 cents year ago.
Gatineau Power Co. net for 194S
was $2,607, 1863 or $109 VS.. s., ,223 ,27T
or IS cents in 1914.
Fruehauf Trailer Co. earned ST..
873, ,295 or $l57 in 1945 VS.. S2,005, 20;
or 81 SO in the previous year.
American Hawaiian Steamship Co
net for 1945 was S1,152, $50 or $274
VS.. $l,2S4,114 or $306 in 1914.
Hupp fIotor Car Co. earned $685.
600 or 45 cents in 1945 VS.. S621 900 OF
81 cents in the previous year.
Gorham Mfg. Co. net for Il
months ended January 81 was $685.
651 oH S3.0l VS. STA 063 or S3.77 in
the preceding fiscal period.
Teck-Hughes Gold Mines, Ltd.
earned S580,512 or IL cents in 1915
VS.. S793,0l5 or Is cents in the previ-
GUS year.
Colts Patent FIREARMS Mfg. Co
profit for 1945 was S532,008 or $2.7(
VS.. deficit of s3,661 $50 for 1914.
Dixie Greyhound Lines elected E
w. Smith president to succeed Fred.
erick Smith, who became boarc
chairman.