Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-09-22
Business Briefs

Money in Circulation expanded
further to S23 ,558 100000 on Septem-
Der 20, a gain of S63,0O0,0OO from a
week earlier and S4844 900, 900 above
a year ago, the Federal Reserve
Board reported.
Steel Mill Capacity in the United
States now totals 94054.55 tons a
wear. compared with SO ,652 900 at the
start of 1914, and is more than
l2400000 tons greater than at the
start of 1910. the American Iron &
Steel Institute disclosed.
Christmas and Yearend Bonuses
of New York brokerage houses this
year will be limited to ~, the re-
gional WLB ruled Bonuses up to
around l0eo were permitted last
year.
Crude Oil Prices should be in
creased SO cents barrel, all cost
factors considered, Merle Becker. an
independent producer. testified be-
fore the House Small Business Com
mittee
TeXtrOn, Inc, offering of S2,000.-
900 15-year So, debentureS was mar
keted at 100 plus interest by Blair
e. &C. Firms profit for six months
ended June 80 was S3l3,665 or ST SO
a share VS.. S134,064 or SIS cents a year
ago.
Quaker Oats Co. profit for II
months ended June 30 was S4279, 433
VS. 1859 ,564 in the previous year.
Sales, however, set new record OF
s124,647173 VS. S122 1855 in the
preceding period. Ceilings were put
on company prices without consid-
ering higher prices for raw ma
terials, and some items were sold
below cost, officials reported.
McKeSSOn & Robbins. Inc, earned
s5,l6l ,069 or $275 a share, before
renegotiation, in IL months ended
June 30, compared with S5,097,370 or
$285 in the previous year.
Colorado Fuel & Iron Co. net for
II months ended June 80 was ST.
672,06l or s296 share, before re-
negotiation. compared with $1351,-
529 or 50 40 in the preceding period
United States Smelling, Refining
e. Mining Co. earned $1,569 OFT or
30 cents a share in months ended
August 81, compared with $l,801,-
172 or l.34 year ago
Potash Co. of America net for II
months ended June 80 was 81 ,584,-
900 or 81 88 share VS.. 81 POT ,805 or
$3.50 in the previous period.
Connecticut Light & Power Corp.
earned $3,717,314 or $257 a share
in II months ended August 81, COM
pared with $3,745,419 or 1882 in the
previous fiscal year.
Chesapeake & Ohio Railway net
for months ended August 81 was
S18,557 ,189 or $242 a share VS.. $20,-
930,795 or $3.50 in the same 1943
period.
Johns-Manville Corp. will have a
backlog of orders for civilian needs
to offset cancellation of some war
contracts when fighting ends in Eu-
rope, and will not have to shut down
plants for reconverSion, President
Lewis H. Brown told employees
American Car G. Foundry Co. will
spend $l,50O,O0O for new railroad
passenger car building facilities at
its ST. Charles, Mo- plant.
Gulf States Utilities Co. received
high bid of los, less $4,000 as
compensation for handling an ex-
change offer, for 10000 shares of
s4.40 preferred stock from Stone
e. Webster and Blodgett and asso-
ciates.
Potomac Edison Co. plan to sell
sl6.98l,000 of 3a4pe first mortgage
and collateral trust bonds, due 1874,
will be considered at an SEC hear
ing october 9. Proceeds would be
used for refunding purposes.
WHY'S Overland Motors, Inc,
demonstrated farm version of the
Army Jeep for directors. 1t is in
tended to combine basic qualities of
a light truck, tractor, passenger con-
veyance and independent power
unit.
International Harvester Co. has
handled nearly 100 war contract ter
limitations and is working on about
Is others. c. E. Jarchow. vice presi-
dent and controller, said cutbacks
so far have been offset for farm i'm
plements and machinery.
Atlantic Coast Line and Louisville
e. Nashville boards both elected
Frederick B. Adams chairman to
succeed the late Lyman Delano.
e