Evening star., 1944-03-03
Business Briefs

Money in Circulation on March l
totaled $2O,823, 100000, gain of
$127,000,000 from week earlier and
s4,669 100000 above year ago, the
Federal Reserve Board disclosed in
its weekly summary of member
banks condition. Member reserve
balances totaled $12,38O 900, 900, a
gain Of $271 ,000, 900 from a week
earlier, but $555 900 900 below a year
ago.
Rising Industrial Costs were listed
by the National City Bank as chief
reason why 1943 earnings of 73C
leading manufacturers, after taxes
and reserves, showed an increase OF
only 1.6o over 1912, although a
study of 275 nine-month reports
had indicated net was up 12.7go.
Republic Steel Corp. reported its
plants produced 1,427,020 tons OF
steel ingots in the first two months
of 1914, exceeding the record o1
1,348,056 set in the same 1943 period
New York Shipbuilding Corp. net
for 1943 was $3,532,42 or $7.O6 a
share, compared with $3,042,610 O:
$608 a share in 1912.
Imperial Tobacco of Great Britain
81 Ireland, Ltd. reported profit fol-
the year ended October 81 of f7,177,.
242, compared with G7,460, 1888 in the
preceding fiscal period.
Cutler-Hammer, Inc. net for 1874:
was s2,034,0O0 VS.. $1,510,OO0 in 1912
Corn Products Refining Co.
earned S8,700,687 or $2.76 a share
in 1943, compared with $8,661 1923 or
$2.74 a share in the preceding year
American Bank Note Co. net for
1943 was $1,072,915 or $1.23 a share
VS.. $1,000,957 or SLIP in 1912.
American Chicle Co. earnings for
1943 were s2,9S0, 500 or $3.50 a share
against a 1912 net of $2,844,551 or
$6.57. For the final 1943 quarter,
net was $595,993 or $1.38 against
$567,513 or $1.31 a year earlier.
Eastern Gas & Fuel Associates
reported net for IL months ended
January 81 was $3,044,566 or $5.17
a share on the So preferred, COM
pared with $3,166,667 or $3.50 q
preferred share in the preceding
period.
Scott Paper Co. net for 1943 was
ST ,534 1926 or $19l a share against
$1,750, 1893 or 1924 in 1912.
Bridgeport Brass Co. earned ST.
287,519 or $124 a share in 1943
compared with 81 ,4O5, 1852 or SIPS in
the previous year.
American Machine g. Metasl Inc.
net for 1943 was $654,353 or $2.39 9
share before renegotiation, against
s646,996 or $500 a share on larger
number of shares in 1912.
Consolidated Film Industries, Inc
earned S576,338 or $l.44 preferred
share in 1943 before renegotiation
compared with S504,351 or SIPS ir
the previous year.
Slick Co. earned $685., ,444 or $1.7O a
share in 1943, compared with a 1941
net of S286,36 or $1.33.
Harnischfeger Corp. earned ST..
706,673 or SSH share in 1943, com.
pared with 81 Az, ,18O or $7.94 in 1912
McGraw Electric Co. earned $685..
5S7 or $2.1l share in 1943, before
rehegotiation, compared with $685.
761 or $2.10 in the preceding year.
Nicholson File Co. net for 1943 was
S1,227,766 or SPIT a share against
$1,150,929 or $2O3 in 1912.
Ryan Aeronautical C6. reported
net for IL months ended October 81
was $597, ,313 or $1.36 a share, COM
pared with $556,444 or s1.27 in the
previous year.
Wickwire Spencer Steel Co. earned
$1,516,613 or $3.50 a share In 1943
compared with $3.50 ,004 or $3.48 9
share in 1912.
Wisconsin Electric Power Co
earned $4,206,857 or $10l a share
In 1943, compared with $4,05l. .764 on
o6 cents In 1942.