Evening star., 1947-05-25
Business Briefs

| Business Briefs
| Lower Stock Margins were dis
IcusSed by the advisory council OF the
Federal Reserve System here Friday,
but no recommendation was made.
The Reserve Board was reported op.
posed to any change at this time.
Business Loans of member banks
lin New York City totaled $3,954, ,000,-
I000 on May IL VS.. $4,007, 600 900 q
week earlier and $2,91o, ,000, 900 . year
Iago-New York Reserve Bank. The
weeks decline was attributed to sea-
Isonal factors.
Automobile Production In the
United States and Canada totaled
SO, ,408 units this week VS.. revised
figure of 83.201 last week-Ward's
Automotive Reports. The latest to-
tai included 70.031 cars and a, ,210
trucks In the United States and 3,131
cars and 2.036 trucks in Canada.
Crude Petroleum Stocks In the
United States totaIed 237 ,303. 600 bar
reis on May II, . gain of sos, 900
from q week earler--Bureau OF
Mines. Domestic crude increased
l,o76 900, but foreign crude declined
I273, 900.
Construction Apprentices increased
from 95,063 in March to 98,126 on
April 30-Labor Department. The
81 per cent gain was registered al-
though new construction was not up
to expectations in April,
Brick Production In April totaled
388, ,400, 900 units, gain Of IA per
cent from the preceding month";
Structural Clay Products Institute.
Output of structural clay tile reached
102 400 tons in April. an increase Of
5 per cent from the preceding month.
New Freight Cars put into service
in the first four months of 1947 to-
tailed 11,348 VS.. ILLS a year ago
Association of American Railroads.
Glass railroads put 286 new loco
motives. 40 steam and 24S diesel, ir-
to service In the four months VS.. SO
a year ago.
Solar Mfg. Co. omitted action on the
quarterly common stock dividend
because Its expansion program will
require conservation of working
capital, said President Paul Hepenyi.
Chicago, Burlington & Quincy
Railroad declared a dividend of 80
a common share, payable June 26.
The road paid So in December. Divi-
dends are declared irregularly when
earnings permit.
Radio Keith Orpheum Corp. and
subsidiaries earned $2,270, ,6S3 or 58
cents q share in the March t291
quarter VS.. $3,675 ,954 or 81 cents .
year ago.
Rome Gable Corp. profit for Il
months ended March 81 was $1,35e,-
593 or $6.87 VS.. $398 ,973 or $2.10 In
the preceding fiscal period.
Baltimore Transit Co. net income
for four months ended April 80 was
s302, ,846 VS.. $3.50 1888 in the same
1916 months.
Northwest Airlines reported q de-
felt Of 81 ,553 ,399 In the March quar-
ter VS.. q loss of s89.197 a year ago.
Pere Marquette Railway reported
its twin streamliners between De-
troit and Grand Rapids, Mich, car
ried 266, ,486 passengers in their first
seven and a half months OF opera
ton. a jump of S6% from q year
earlier. This was cited as evidence
that modern equipment Is not n
luxury"
Clark Thread Co. has sold its mills
in Newark, N. j., and will remove all
operations to Georgia. It built q
plant on the outskirts OF Atlanta IS
years ago and later built two others.
Two new plants are being added at
Thomasville and Albany, Ga.
Everett Piano Co. of South Haven, =.
Mich, announced cut of about
10% in the price Of its pianos.
American Tobacco Co. will con-
struct a 5000 200 power plant at its
Louisville branch to facilitate in
creased production.
National City Bank Of New York
has opened new branch bank at
Cebu City, P. I.
Association of American Railroads
elected George M. Campbell secre-
-treasurer to succeed Harold j.
Foster.
Air Conditioning 4 Refrigeration
Machinery Association elected Frank
s. McNeal president. He is vice pres
ident Of International Detrola.