Evening star., 1944-08-04
Business Briefs

Money in Circulation on August 2
totaled s22.734, ,000,O gain of
Sl50,000,000 from a week earlier and
81, ,720 900 900 above year ago, the
Federal Reserve Board reported in
its summary of member banks. Gold
stock totaled s20,996, 100000, un-
changed from a week earlier, but
Sl,339 .000,0 900 below a year ago.
Prospects for a Big Corn Crop
have not been affected seriously by
a two-month drought in the eastern
half of the corn belt, said James E.
Bennett g. Co., Chicago. Production
of 1904 900 900 bushels was forecast,
based on August conditions.
Western Union Telegraph Co. Of
fered to exchange its per cent de-
bentures to stockholders of six leased
companies, the Gold g. Stock Tele-
graph Co., Chicago g. ST., Paul Tele-
graph Co., Empire & Bay States
Telegraph Co., International Ocean
Telegraph Co., Southern g. Atlantic
Telegraph Co. and Pacific g. Atlantic
Telegraph Co.
Southwestern Public Service Co.
was authorized by the SEC to sell
Gulf Public Service Co. to Glenn c.
Hyde, president of Louisiana Public
Utilities Co., Inc. for base price
of $500, 900.
Port of New York Authority will
ask bids Tuesday on $l7,671 900 gen.
eral and refunding bonds, eighth
series, due 1874. Maximum accept
able coupon rate will be 2Te. Pro-
ceeds will be used for redemption of
sixth series go bonds. +
Walter e. Heller e. Co. offering OF
27,500 shares of 51aTe cumulative
preferred stocks as marketed by a
group headed by F. Eberstadt g. Co.
at 104 plus accrued dividends
Electric Bond g. Share Co. earned
s2,326,827 in the first half of 1914
VS.. $2,623,l10 a year ago. Part of
the firms operations will be outside
the public utility field. after ad-
justment under the Public Utility
Act.
Phelps Dodge Corp. estimated net
for the first half was $6,594,777 or
Sl30 VS.. $6,777,740 or $134 in the
same 1943 period.
American Woolen Co. earned $4,-
037.654 or $11.54 preferred share
in the half VS.. $4,290,43 or $12.26 a
preferred share year ago.
Atlantic Refining Co. net for the
half was $7,525, ,4Ol or $2.7l a share
VS.. $2,691 ,097 or 80 cents in the
same 1s43 peeriod.
Federal Motor Truck Co. earned
s553, ,424 or SLIP in the half VS.. $526,
546 or SLOT year ago.
Sylvania Industrial Corp. net fol
the half was $449,829 or $l.08 VS.
$466,152 or 81 IL on fewer shares
in the same 1943 period. o
Amerada Petroleum Corp. earned
$l,340,95T or $1.70 in the June quar-
ter VS.. $7o8, ,239 or 90 cents a year
ago.
General Baking Co. net for q
weeks ended June "a was $788, ,48s
or 28 cents VS.. $843,562 or 80 cents
in the like 1943 period
Cushman's Sons, Inc, earned
&3lo,632 in 28 weeks ended July II
VS.. $333, ,724 year ago. Net for Il
weeks ended the same date was $82,-
1853 VS.. $102.610.
first half was 81 ,030, ,972 or 40 cent.
a share VS.. $736.545 or IS cents q
year ago.
Empire Gas & Fuel Co. earnee
$5,812,0l1 in the half VS.. SIS, 400 ,20t
in the same 1943 period.
Braniff Airways, Inc, net for the
half was $319.353 or 80 cents VS.
$425, 1872 or a cents year ago.
Chicago, Burlington e. Quincy
Railroad reported net income of So
966, ,050 in the first half VS.. $18,124,
622 In the same l943 period.
National Dairy Products. Corps
rl3sed the quarterly dividend on the
common stock to 80 cents from q
cents previously paid. The new
payment will be made September II
to holders Of record August 81.