Evening star., 1947-08-31
Business Briefs
Consumer Credit Volume totale,

$1l ,060, 900 900 on July 81, a gain OF
500, ,0oo,o00 or 10 from a month
earlier - Federal Reserve Board.
Major increase was in installment
loans, upon which controls will end
November /.
Aggressive Furniture Buying has
replaced the former passive waiting
for lower prices, indicating a re-
versal in the psychology of retailers
-Seidman e. Seidman. July book
s.lgs were nearly double a year
earlier.
Improving Sugar Supplies were
cited by the Department of Agricul-
ture in lifting all inventory controls
on the commodity. Price regulations
are the only remaining controls.
Boston Elevated Railway Co. was
purchased by the Metropolitan
Transit Authority of Boston for s20,-
100000
Tucker Corp. has obtained sufi-
cient funds through stock financing
and sale of dealer franchise to take
over the Dodge Chicago plant to
manufacture its new automobiles. A
syndicate has sold 1900 900 common
shares of the company to net S12,-
800, 1000 and more than $6,100,000 has
been, received from franchises, off,
cials said.
Heyden Chemical Corp. stockhold-
ers will vote September % on pro-
posed issuance of $4,000 new second
preferred shares. Debentures also
will be issued in program to raise
Sc 100000 to $4,000, 900 for expan-
sion purposes.
Commonwealth of Massachusetts
will open bids September 9 on s54,-
100000 of various purpose bonds, in
GLIDING $5O,O0O,O00 of veterans serv-
ice bonds, due 1950-54.
New England Telephone & Tele-
graph Co. registered with the SEC
SAC, 100000 of 35-year debentures,
due 1882, to repay borrowings from
A. T. & T. for construction pur-
poses.
Gum Products, Inc.,- registered
with the SEC 175,Oo0 class A IS par
cumulative convertible shares and
273, 500 common shares. Proceeds
will be used to buy capital stock of
its subsidiary, H. & H. Candy Corp.
and redeem SO preferred shares.
Colts Mfg. Co. declared a special
dividend of SITS common share,
payable October %. This Is the first
payment since December, 1943.
| trytI Iny u
Of 1871 cents common share, pay
able September Is. Last previous
payment was 8 like amount in Sep
tember, 1946.
Pennsylvania Railroad reported q
deficit of $8,090278 for seven months
ended July 81 VS.. a loss of S21 ,150,-
AS in the same 1946 period. Net in
come for July was $920221 VS.. $2,.
358,512 in the same 1916 month.
\ Great Northern Railway earned
| $7,751,291 or $3.50 a share in seven
months ended July 81 VS.. 1926, ,34s
or $105 year earlier.
\ Federated Department Stores
profit for IL months ended August
2 was $9,823, $50 or 1888 VS.. $9,602,
BIT or $3.68 in the preceding fiscal
period. Net for three months ended
the same date was $1,240,108 or 4e
cents VS.. $2,178,964 or 81 cents in
the same 1916 period.
Republic Natural Gas Co. earned
$3,040,034 or $4.19 in IL months
ended June 80 VS.. 81, IT'S, ,404 or $245
in the previous year.
4 Lake Shore Mines, Ltd, profit fol
IL months ended June 80 was ST.
348,174 or Ct cents VS.. $1,652,791 OF
80 cents in the preceding flscal
period.
Franklin Simon Co. earned $685..
1873 or 18 cents in six months ended
July 81 VS.. s491, ,765 or $l.99 a veal
earlier.
j Ford Motor Co. announced pro.
duction of its new 8N tractor has
reached a new peak of 400 a day anc
expects to turn out 430 daily BY
October and $50 daily by December
i Piper Aircraft Corp. appointed
Walter c. Jamouneau secretary anc
assistant treasurer to succeed w. T
Piper, jr, who was reassigned tx
the sales department. Ted v. Welo
resigned as vice president.