Evening star., 1943-10-22
Business Briefs

Business Briefs
Money in Circulation reached a
new high mark for the fourth time
this year when it totaled s19,0l9 900,
600 on october 20, a gain of SAL ,000,-
600 over week earlier and S5,O24,-
100000 above year ago, the Federal
Reserve Board revealed in its weekly
summary of member banks condi-
ton. Gold stock amounting to S22.-
1913 100000 was $4,000, 900 below a
week earlier and $6l3,0O0 900 below
a year ago. Member reserve bal
ances Of Sl2 ,002 900 900 were sl9,OO0,-
900 below week earlier and S3O2.- =
900 below year ago Excess re-
serves of S1,4l0,000, 900 were $780,
900 900 below week earlier.
Department Store Sales In the
week ended October Is were 1876
above year ago. while those for
four weeks ended the same date
were 90 larger. the Reserve Board
also reported. Important city gains
over a year ago: Dallas, $50; At
lanta and Kansas City, 29qe; ST.
Louis, 20ce; Richmond, 1870; San
Francisco, l3et; Cleveland, 11go 4;
New York, 10fc, Philadelphia, 90 i;
Chicago, g..
Express Shipments by rail and air
in July were 208%c above a year
ago the Railway Express Agency
reported.
Brokers Loans on securities held
by member banks in New York City
totaled 81 400 00O 900 on Wednesday
gain Of Sl03,00000O over week
earlier and 1888 900 900 above a year
ago. the Reserve Board disclosed.
General Electric Co. reported ret
sales billed and shipped totaled
$3.50 1926 1856 in the first nine months
of this year, a jump of 50oo over
1854 .882 607 a year ago. The firm
earned S3l ,433 1898, or sl09 a share
compared with S30.7l0,499, or $1O6
a share a year ago.
Proctor & Gamble Co. earned
S5,153 ,397 or 78 cents a share in the
September quarter, compared with
81 SIS ,649 or 68 cents a share in the
same 1912 period. Earnings of Eng
llSh and Canadian subsidiaries were
excluded.
Peoples Gas. Light g. Coke Co.
earned S646,023 or SO cents a share
IN three months ended September
80, compared with STAB $50 or S1.14
share in the same period last year
Net for nine months ended the same
date was S2,841 ,484 or S433 a share
compared with s2,7O6,52 or Sab a
share year ago.
Eaton Mfg. Co. earned s2,928,479
or S4.l6 a share in nine months
ended September 30, compared with
S3068 ,996 or S436 a share a year ago.
Motor Products Corp. earned $685.
46l or IS cents share in the Sep
TENDER quarter, compared with
1924 ,290 or 81 cents a share a year
ago,
Van Raalte Co. earned S598,381 or
S4.07 a share in nine months ended
September 30, compared with S622,-
668 or S4.21 share in the same
l942 period, 1t was estimated
Texas Gulf Sulphur Co. earned
$2,089 ,376. or 54 cents a share in the
September quarter, compared with
or II cents a share in the
same 1912 period,
sharon Stool Tnrp oo,pol d Ono
347, or S2.51 share in nine months
ended September 30, compared with
S948, $50, or 81 IS a share in the same
last year.
Lehigh Valley Coal Corp. earned
S540,718, or S2.38 share on the So
preferred stock in nine months
ended September 30, compared with
S806,420 or S355 a preferred share a
year ago.
Best Foods, Inc, earned $746.766,
or so cents a share in the September
quarter, compared with S212,95O. or
IA cents a share in the same 1912
period.
California Electric Power Co. will
redeem on April l, 1914, its entire
S23, 1872 700 of first mort
gage bonds, series of 1856, at 1927
and accrued interest. On October
19 the firm effected recapitalization
by selling s16,OOO,OOO first mortgage
bonds and 10000 shares of preferred
stock.
York Corp. registered with the
SEC $4,500,000 principal amount of
first mortgage sinking fund bonds,
due 1858, to be APPLIED to the retire
ment of presently outstanding in
debtedness.
Thermoid Co. issue of $500 900
AZ % first mortgage bonds and 1874
800 shares of common stock were
placed on the market at 1922 and
81s, respectively, by a group headed
by Blyth & Co.
Eastern Utilities Associates of
Boston and subsidiary, Blackstone
Valley Gas & Electric Co., asked SEC
approval of Blackstone redemption
plan designed to save around $4,000
OF interest annually. Blackstone
would issue $11 100000 of go first
mortgage and collateral trust bonds
and use proceeds to redeem a like
amount of outstanding 40 and 31a %
bonds.
Morgan Stanley & Co. has ad-
mitted Francis B. Ward as a gen.
eral partner Mr.. Ward, who is a
governor of the New York Stock Ex-
change and former governor of the