Evening star., 1944-07-07
Business Briefs

Money in Circulation totaled S22,-
59s0O0,000 on July 5, gain Of Sl77,-
100000 from a week earlier and
S4,99l, 100000 above a year ago, re-
ported the Federal Reserve Board
in its weekly summary of member
banks condition. Gold stock totaled
s21,133, 100000, drop Of 100000, 900
from a week earlier and ST ,255 900, =
600 below a year ago.
Freight Loadings in the week end
ed July totaled 897 800 cars, gain
Of 1876 from the previous week and
54Ge above year ago, the Associa- :
ton of American Railroads revealed
Gasoline Stocks aggregated 83,-
$4,000 barrels on July !, compared
with 100000 a week earlier and
77,1S5,000 a year ago, the American
Petroleum Institute announced
Light fuel oil supplies increased in
the latest week, while heavy fuel oil
stocks declined.
Marathon Paper Mills Co. stock
holders authorized borrowing OF
$10000,000 on 3A% 15-year deben-
lures and issuance OF $5,000,000 OF
So 500 par value preferred stock
to finance sulphate pulp mill and
other facilities at Peninsula, On
tario.
Firestone Tire & Rubber Co
president, Harvey S. Firestone, said
the firms natural rubber planta-
tions in Liberia should yield about
10000, 900 pounds this year, a gain
OF 14Go over last year
Chesapeake & Potomac Telephone
Co. Of Baltimore reported May net
income of 1923, ,458 VS.. 1921 $50 a year
ago. Maryland telephones at the
end of the month totaled 392,l82, a
gain of 9,477 from year ago.
American e. Foreign Power Corp.
earned $2,306,263 or $2e6 share on
combined first preferred stocks in
the March quarter. compared with
s2005 ,222 or $231 on the combined
stocks in the same l943 period.
Consolidated Laundries Corp. net
for "a weeks ended June II was
S416,790 or $l16 a share VS.. 1894
or l cent a share q year ago.
Crown Zellerbach Corp. earned
S7,603,44l or $2.19 a share, before
renegotiation, in IL months ended
April 80, compared with $7,543,287
or $216 in the previous year.
Lehman Corp. reported net asset
value of $4155 share on June 80,
compared with $3897 month ear
lier and s3735 a year ago.
F. w. Woolworth g. Co. sales In
June totaled $35 1854. .739, an increase
Of 1.4T over $34,686,015 in the same
1943 month.
H. L. Green Co. sales for June
were $5,o61 ,179, a drop of $50 from
a year ago: for five months ended
June 80, S24,S37 ,922. down 1.4qe.
Interstate Department Stores sales
In June totaled $3,279,111, a decline
Of 31To from a year ago; in five
months ended June 80, $16,044, 1885, a
decline of 2.5T.
Mcclellan Stores Co. sales for June
$2,9lS,660, gain of 3.29o from a
year ago: for five months ended
June 80, $14,379,07l, a gain of 6.3%
Spiegel, Inc, sales for June totaled
81 ,0Ol $50. an increase of 10.7oe; for
six months, $4,000, sos, a gain OF
329e.
Chrysler Corp. announced It's
Dodge Truck division had complet-
ed experimental work on a new type
Of Army ambulance with greater
carrying capacity and easier loading
facilities. Up to May /, Dodge had
built more than $4,000 ambulances
for the Army.
Long Bell Lumber Co. stockholders
will vote July IA on plan to merge
three wholly owned subsidiaries with
the parent concern.
Baltimore g. Ohio Railroad named
Arthur w. Conley general supervisor
Of terminals.
Reynolds Metals Co. paid Presi-
dent r. c. Reynolds s138, 900 in the
last fiscal year. its report to the SEC
disclosed. Included was $4,000 as
. bonus or share in profits withheld
pending Government approval. .