Evening star., 1943-09-24
Business Briefs

Money In Circulation totaled $l8,-
7l4,00o, 900 on September 20, q de-
cline of $59,000,0o0 from q week
earlier. but ss,lss.o00.oo0 above a
year ago, the Federal Reserve Board
reported in its weekly summary OF
member banks condition. Member
reserve balances amounted TO Sl2,-
487 .000, 900, q drop of 81 ,242, ,000, 900
from week earlier, but $60l, 900 900
above a year ago. Treasury deposits
with Reserve banks totaled $549,-
100000, jump of $543, 600 900 from
a week earlier and $64, 900 900 above
a year ago.
Freight Loadinss in the week end
ed September Is totaled 900 ,766
cars, gain Of 8.2ge over the preced-
ing week, but .04% below the same
1912 week, the Association of Ameri-
can Railroads announced.
Brokers' Loans on securities held
by member banks in New York City
totaled 1,449 900 900 on Wednesday
an increase Of $4,000 900 from
week earlier and 81, ,055 900 900 above
a year ago, the board also reported
Living Costs in August were 4.8ss
above a year ago and 1857 above
January, 1941, the Industrial Con-
ference Board estimated. However,
costs were down .3qs from the pre-
ceding month OF July.
Nash Kelvinator Corp. announced
arrangements were completed for a
$75,000,000 bank credit for financ-
ing war production contracts and
to provide immediate working cap
ital in the event of the termination
of any of these contracts. The COM
pany had untitled Government or
ders amounting to $650,o00 COO on
June 80.
Charles Pfizer g. Co. will spend
$750,000 for new facilities for the
production of penicillin.
United States Steel Products Co,
a subsidiary of United States Steel
Corp, has purchased manufacturing
assets of Petroleum Iron Works Co.,
a subsidiary of American Republics
Corp.
Aviation Corp. earned $3.50, 1876 or
40 cents a share in nine months
ended August 81, compared with
$3,671,716 Or "a cents a share In
the same 1912 period. Net sales to-
tailed $57,234,555 against $29, 9,635 ali
a year ago.
Allied Stores Corp. earned 81 ,427,-
905 or So cents a share In three
months ended July 81, compared
with $879,I47 or 80 cents a share
in the same 1912 period. For u
months ended July 81, net was
$6,877,386 or $3.17 a share, COM
pared with $5,722, ,4s3 or $3.50 a share
IN the preceding year.
International Telephone g. Tele-
graph Co. earned s2,220,584 in six
months ended June 80, compared
with 1888 $50 in the same 1912
period. Results covered subsidiaries
in the United States, South America
and the West Indies. The parent
company alone had net loss of
81, ,173, ,634 in the first half, compared
with a s1,sls,369 loss year ago.
Radio Keith Orpheum Corr.
earned $3,220,583 in 26 weeks ended
June 80, compared with q net loss
of $643. 1861 in the like period of last
year.
Burlington Mills Corp. directors
declared an extra dividend OF 40
cents and a quarterly dividend Of 40
cents on common stock, both pay
able December tpsholders of record
November is. This lifted the years
payments to $40 a share against
$1.65 in 1912.
Chesapeake & Ohio Railway di-
rectors have appointed Robert w.
Purcell of Cleveland as acting gen.
eral counsel, it was understood in
transportation circles at Baltimore,
where it was reported that Robert
B. Tunstall, general counsel and
vice president of the line, had not
been connected with the railroad
since last months board meeting.
TunstaH could not be reached for
comment.
American Home Products Co. pro-
NOTED Knox Ide from executive
vice president to president as sue
cessor to Harry S. Howard, who has
been elected president of Wyeth,
Inc, a new subsidiary Walter F.
Silbersack, a vice president, sue
ceeded Mr.. Ide.