Evening star., 1947-01-19
Business Briefs
Short Interest In Stocks iste

short interest IN STOCKS listed on
the New York Stock Exchange de-
clined to 798,081 shares on January
Is VS.. 1893, ,I78 month earlier. Stocks
in which the short interest declined
5000 shares or more included B. &
o. Graham-Paige, International
Paper and New York Central. Those
listed with increases Of as much in
,cluded A. T. g. r, Continental Can
and TWA.
Freight Car Builders will try to
double the current production Of
$500 cars monthly. Government off,
cials reported after a conference
with an industry advisory commit
tee.
Automobile Production in the
United States this week was esti-
mated by Automotive News at IT,
036 units VS.. 72,136 in the previous
week.
American Sugar Refining Co.
raised its sugar price one fifth Of q
cent to $40 cents a pound in line
with an increase in the OPA ceiling.
Diamond Match Co. plan for ac-
QUESTION of the assets of BID Co.,
makers of paper, pulp and wooden
ware, was recommended by Abra-
ham j. Halprin, referee, in a report
filed with the New York Supreme
Court. BID assets, appraised at
nearly $18,000,000, would be ex-
changed for 100000 shares of Dia-
Fmond's stock, 1870 of which would be
returned to Diamond as a BID
stockholder.
Public Service Co. of Indiana was
authorized by the SEC to dispose
of its stock interest in another Indi-
annapolis company, Indiana Gas g.
Water Co., through distribution Of
shares to holders of its own COM
mon. ~
Thermoid Co. declared an extra
dividend of 10 cents a common
share, payable February S.
Burroughs Adding Machine Co.
declared regular dividend of Is
cents a common share, payable
March 10.
Rudolph Wurlitzer Co. declared a
dividend of 40 cents, payable March
l. Previous quarterly payments
were 20 cents.
Western Union Telegraph Co.
showed a deficit for every month of
1916 except December. and lost $ll,-
100000 for the year, said President
Joseph l.. Egan, who blamed two
wage increases and higher charges
for rented facilities.
Southwestern Public Service Co.
earned $2,585, ,745 or 1882 a share in
II months ended November 80 VS..
81 0,474 or $190 in the previous
year.
Birmingham Electric Co. net in
come for 1916 was $1,473,2 ,287 or $2.2l
VS.. s., las, ,706 or $1.53 in l945.
General Motors Corp. announced
its Buick division, which produced
l58, ,728 passenger cars in the 1916
model period, plans to boost pro-
duction very substantially in the
new year. .f
E. 1. du Pont de Nemours & Co.
reported common and preferred
stockholders at the end of l946
totaled 87,619 VS.. 1892 three months
earlier and 1896 a year ago. OF
the total. $1,000 are women.
Continental Aviation e. Engi-
neering Corp. and Midwest Motors
Corp. were the only bidders for the
$55 100000 Government plant op-
Grated at Muskegon, Mich, by the
former firm during the war. Con-
tinental offered $87, ,296 annually for
renewal of its lease, while Mid
west offered $5,200,00O for the land
and buildings and disclosed it plans
to produce motor of it's own de-
sign.
United Engineering & Foundry
Co. completed what it claimed was
the worlds largest machinery cast
ing. The 472,o00- pound frame is for
forging press being built for the
Ajax Mfg. Co.
Committee for Economic Develop
ment named Raymond Rubicam,
New York advertising man, chair
man of its research and policy COM
mittee to succeed Senator Ralph E.
Flanders.
Jack & Heintz Precision Indus
tries, Inc, elected r. c. Supp vice
president in charge of production
and a director. He has been man
ager Of the Delco Products Division
of General Motors.