Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-06-07
Business Briefs
Retail Trade dipped slightly

Retail Trade dipped slightly in
the last week because of the Memoir
ial Day week end, but remained 20Tc
to 249o above year ago-Dun &
Bradstreet.
Money in Circulation totaled s2S,-
100000 on June S, a gain of s64,-
100000 from a week earlier and
S1,657 100000 above a year ago
Federal Reserve Board.
Auto Production in the United
States and Canada this week was
estimated at 43,375 cars and trucks
VS.. 1885 last week and 133,645 in
the like 1945 week.-Wards Auto
motive Reports.
April Imports totaled $4O6 600, 900,
highest for any month since April
1929, and compared with 1885 900, 900
in the previous month-Commerce
Department. Exports totaled $780,
100000, VS.. s696,Oo0OO0 in the pre-
vious month.
Wheeling Steel Corp. announced a
s50,O00,000 expansion program for
plants in West Virginia and Ohio to
increase annual ingot output abov e
100000 tons. Emphasis will be
placed on the Mingo, Ohio, plant
recently acquired from Carnegie IL
linois Steel Corp
Portsmouth Steel Corp, organized
by group headed by Cyrus S.
Eaton, has registered with the SEC
l,025,000 common shares for public
offering at 10. The new firm plans
to acquire the Portsmouth, Ohio,
works of Wheeling Steel Corp. and
Emperor Coal Co. for 1000, 900 and
has contracted to supply sheet steel
to Kais cr-Frazer Corp. and Graham
Paige Motors Corp.
Hilton Hotels Corp. has been or
ganized as a consolidation of the
Plaza Hotel Corp, Stevens Hotel
Corp, Palmer House Co. and Day.
ton Biltmore Hotel Co.
Federated Department Stores
stockholders will vote next month
on director approved plan to split
common stock for l.
MOnsantO Chemical Co. stockhold-
ers will vote July % on plan to
increase authorized common stock
from 100000 shares, $40 par, to
5000, 900, IS par, and issue three new
shares for each share now outstand-
ing.
Mead Corp. stockholders approved
issuance of 100000 new preferred
shares and an increas in common
from LOCO, 900 to 1900 900 shares.
Western Auto Supply Co. sales in
May totaled $685. 900, jump of
1922 from a year ago; in five
months, $3S,744,oO0, an increase of
108.7%.
Sears, Roebuck & Co. sales for
May totaled $126, 1852, SAB, a Jump of
$3.50 from a year ago; for four
months ended May 81, $479, 7S4,552, a
gain of 500.
G. C. Murphy Co. sales in May
totaled s8,572, 199, a gain of 14.4%
from a year ago; in five months
$50 ,293 SOB, an increase of 1917.
Montgomery Ward e. Co. sales for
May totaled $85,O64 1892, a gain of
$3.50 from a year ago: for four
months ended May 81. $298, 1922, TAI,
an increase of 400.
Warner Brothers Pictures, Inc,
earned SO, 125, 900 or $2.46 share in
six months ended March VS.. 81
COS 600 or $1.24 a year ago.
Briggs Mfg. Co. profit for 1945
was $5,860,453 or 1901 on common
stock VS.. $5,307, ISL or $2.72 in 1914.
F. L. Jacobs g. Co. deficit for nine
months ended April 80 was $734 ,927
VS.. profit Of 81, 265 ,206 year earlier.
American Power g. Light Co. has
been offered $34, 900 for electric
properties of its subsidiary Pacific
Power & Light Co. by Interstate
Electric, Inc, representing IL pub
lif utility districts and co-operatives
SCregon and Washington.