Evening star., 1946-02-15
Business Briefs

Retail Trade in the last week was
slightly above the preceding week
and averaged go to 1876 above q
year ago, despite strikes in many
areas, reported Dun g. Bradstreet
Inc.
Money in Circulation rose to $27,-
967 ,000, 900 on February 13, gain
Of .$38 100000 from a week earlier
and S2,434 000, 900 above a year ago
the Federal Reserve Board an
nounced.
Steel Company Revenues would
be increased around $262 SOC, 900 a
year by an average price advance of
S5.25 ton under the Government s
new wage-price policy, Dow Jones
& Co. estimated. This would be
offset by a jump of $185 900, 1000 in
labor costs, based on a wage. raise
of 1914 cents an hour.
Market CIosings on February ~
and % were announced by the New
York Stock Exchange and the Curb
Exchange With Washington's BIRTH
day coming on Friday, the ex-
changes decided to eliminate the
Saturday session.
SchenIey Distillers Corp. acquired
50oa of the outstanding stock of
Pebbleford Distillery Co. of Ken
lucky for $2,240 $50 and the remain
ing 50oo has been taken by a
Schenley subsidiary, George T.
Stagg Co., for a similar amount.
Houston Oil Co. will call all so
LOT fiyo 1lrofarrnI cfnpk f0rs O.
demption on March l at 2611z and
will provide funds for the purchase
by private sale of $9,500,0 600 of 20
year 2.85oo sinking fund debentures.
Clarostat Mfg. Co. registered with
the SEC 100000 shares of 81 pa1
value common stock, of which 10000
will be sold for certain stockholders
The price will be Az.
.Peples Gas Light & Coke Co. sold
sold to Natural Gas Pipeline Co
for cash at face value $6,449 900 OF
Natural Gas bonds and $426 900 of
outstanding debentures. Peoples in
vested $3,621 ,548 in Natural Gas
stock.
Chicago Metropolitan Transit Au-
thority plan was approved by Fed
eral Court at Chicago. The proposed
authority would purchase the sur
face and elevated systems.
American Telephone g. Telegraph
Co. subsidiaries reporting 1915 and
1914 earnings follow: New York
Telephone, $28,916, ,606 VS.. $27,071,-
408; Pacific Telephone, $21 SOC, SOC
vs. $21 ,19o,110; New England Tele-
phone, $10,149,94 VS.. 1901 ,678;
Bell Telephone of Pennsylvania, So
947, ,063 VS.. $9,354,215; Bell Telephone
of Canada, $6,003 ,080 VS.. IS ,966, 1866.
american Can Co. profit for 194s
was $13,34l,6 ,614 or $4.23 a share VS.
SB,5l9, ,443 or $4.30 in 1914.
Continental Can Co. earned S..
767,560 or $1.86 in 1945 VS.. $6,044 ,98s
or S2.12 in the previous year.
Marshall Field g. Co. net for 194s
was $5,210,093 or $23i VS.. $4,000 ,66s
or $1.59 in 1914.
Panhandle Eastern Pipe Line Co
earned 81 ,676 ,005 or $428 in 1945 VS.
s6,204, ,523 or $3.34 In the previous
year.
Northern Pacific Railway net fo,
1945 was $11 $50 $50 or $4.86 VS.. S13,.
160 1856 or S5.31 in 1914.
columbia Gas e. Electric Corn
earned SIS 5,467 ,701 or IA cents in 194s
VS. S13, ,709, ,726 or SO cents in the pre-.
vipus year.
American Power & Light Co. me-
for IL months ended October 81 wa
slp,782 1863 VS.. 3,675 1923 in the pre-.
ceding fiscal period.
r. -a.-
earned 81 ,931 ,342 or $1.25 in 1945 VS.
s64l3,497 or $1.0l in the previous
year.
Merck & Co. profit for 1945 wa,
$2,283, $40 VS.. $2,235, ,482 in 1914.
Dow Chemical Co. earned $3,72l,
909 or $2.49 in 6 months ended No,
vember 80 VS.. $4,743 ,062 or 1881 il
the same 1914 period.