Evening star., 1947-04-06
Business Briefs

| Retail Trade expanded nloder-
/ tately In the last week as pre-Easter
buying attained its peak and sales
averaged liz to I5% above year
lago Dun d Bradstreet. Mild
weather In most sections helped to
boost dollar volume.
| Money n Circulation stood at
$2s, AT ,000, 900 on April 2. : gain Of
Ism 600 900 from = weak earlier and
$335, ,0O0. 600 above . year earlier
Federal Reserve Board.
Construction Costs have reached
their peak, according to general
contractors surveyed by r w. Dodge
Corp. They are expected TO de-
cline IN average OF 14% before
lstabilizing. A drop In construction
volume also Is expected before 4
continuous recovery starts Low
productivity Of building mechanics
was declared . major factor In high
costs.
Radio Sets In Amsrican Ncmes
now total IS SOC, 600 . record high
and nearly 2,0o0. 900 more than at
the start Of 1916 Columbia Broad
casting System. Radios are IN use
In 93% OF Ill homes, the radio Arm
found In survey.
AutomebiIs Production Ia tb-
United States and Canada totaled
102 ,478 units last week W. 100, ,355 In
the previous week. 47.735 . year ago
and 116255 In the like 194l week
Wards Autoinotive Reports.
American Exports In February
reached new postwar high of ST.
is, ,000, 900, . gain Of $37. 7.000. 900
from the previous peak In January
Census Bureau. Imports declined
to $435, 900 900 VS.. $533, ,oo0. 900 In the
previous month.
Cudahy Packing Co. registered
with the SEC SIS 1000, 900 Of first
mortgage sinking fund bonds, series
G, due May /, 1867, to finance re-
demption of $4,000, 900 Of series B
bonds at 102%.
Mccormick d Co. of Baltimore
announced merger of A. Schilling s.
Co. OF San Francisco to create q
national spice firm with an esti-
mated annual sales volume of $22.-
000, 600. Daniel G. Volkmann, board
chairman of the western firm, will
become vice president OF McC cCormick
g. Co. and President Charles p. Nc
Cormick of the Baltimore firm will
become chairman of the Schilling
division board.
Sinclair Oil Corp. and subsidiaries
earned $27, ,607 ,645 or $3.50 a share
in 1946 VS.. SIS, ,644, ,749 or $1..3i In the
previous year. President Sinclair
said larger profits will not bring a
dividend increase because expan-
sion costs are running higher than
expected.
Bristol-Myers Co. profit for 1916
was $7,045.621 or $3.50 VS.. 81, ,497, ,730
or $1.71 in 1945.
Continental Motors Corp. reported
q loss of $3,645, 800 for IL months
ended October 81 VS.. profit OF $5,-
279,311 in the preceding fiscal period.
National City Lines, Inc, earned
So. .078,517 or $2.11 in 1916 VS.. 81 1.588,-
095 or s2.61 on fewer shares in the
previous year.
Quaker State Oil Refining Co.
profit for 1916 was $2,442,626 or
$3.50 VS.. $1.274,782 or $1.37 in 1945.
American Investment Co. Of Illi-
nois earned $1,492 ,5s8 or $1.18 In
1916 VS.. $685., ,311 or so cents In the
previous year.
Standard Stoker Co. Inc, profit
for 1916 was $1,142, ,496 or 1881 VS..
$762 1853 or 1884 in 1945.
Thew Shovel Co. earned $89l AIT
or 1854 in 1916 VS.: 1852 ,66i or $3.46
In the previous year.
Pacific American Fisheries, Inc,
net income for IL months ended
February 28 was $759,24I or 32.0l VS..
$414,1 or $110 in the preceding
fiscal period.
Melville Shoe Corp. sales In five
weeks ended March 20 totaled So
385 ,627, a gain of 5.8% from a yea
ago: for 1947 to date, 1888, ,164, up
2.99o from year ago.
United States Rubber Co. an
nounced it would begin immediate
production OF white sidewall tires.
They will be available to motorists
within few weeks.
Hartman Ripley & Co. announced
its Offices would be closed on Satur-
days throughout the year.
Tucker Corp. elected Col. Harry
Aubrey Toulmin, jr, board chair
man. He is an attorney, executive
and engineer with offices in Dayton.
Cincinnati, Springfield. Ohio. and
Washington.