Evening star., 1944-11-26
Business Briefs

Money In Circulation expanded to|
$24, ,881 ,O00. 900 on November "a, a
gain Of $164 4,0O0, 900 from q week
earlier and 5,155, ,OOO, 600 above al
year ago, the Federal Reserve Board
reported. Gold stock totaled $40 .69a,-
000, 600, q drop Of 81 ,000, 900 from a
week earlier and 81 1888 ,000, 900 below
|a year ago.
General Business Activity has de-
Iclined slightly, according to the
index Of Business Week, which stood
at $500 for the latest week, COM
pared with 1908 In the previous
week, 230.6 month ago and 243.8
a year ago.
State and Municipal Financing
scheduled for the coming week totals
Isl, ,257 900, compared with $5,526 900
last week and weekly average for
the year to date of $22 1855, ,561, the
Daily Bond Buyer disclosed.
Department Store Sales In the
week ended November 18 were IL
week ended November Is were 1879
above year ago, while for the year
to date, they were up 90, the Re-
serve Board revealed.
Passenger Car Registrations have
declined only $4,000 from year
ago, the magazine Automotive and
Aviation Industries estimated. It
fatty contradicted statements that
s, 1000 to 5000 cars are being scrapped
every day.
Protection for Postwar Investors
will be considered November % by
a new national securities commit
tee In the New York Office of the
SEC. John c. Folger of Washing
ton will represent the IBA on the
committee.
Furniture Orders accepted by
manufacturers in October were 22%
above the previous month and $50
above a year ago, Seidman & Seid-
man reported. Anticipation of fur
ther relaxing in Government con-
trolls was cited as the major factor.
Armstrong Cork Co. declared a
year-end dividend of so cents a
common share, payable December
% to holders of record December S,
bringing 1914 payments to $1.50 VS..
$135 in 1943.
Aetna Life Insurance Co. declared
an extra dividend of 80 cents and a
quarterly payment of 80 cents, both
payable January 3 to holders of
record November %, lifting the 1914
total to $l.50 VS.. $140 last year.
Niagara Share Corp. of Maryland
declared dividend of Is cents on
class B common stock, payable De-
cember % to holders of record De-
cember /. Payments for 1914 total
Is cents VS.. 20 cents in 1943.
Briggs & Stratton Corp. earned
$731 1868 or $2.46 share in 8 months
ended September 80 VS.. STAB 1863 OF
$3.50 in the same 1943 period.
Abbott Laboratories profit for 8
months was $2,393, 1882 or $2.71 VS.
50 ,206, ,521 or $3.50 in the same period
last year.
Noranda Mines, Ltd, net for
months was s7,006,5 ,579 or S3.13 in
Canadian currency VS.. $8,613,185 or
$685. year ago.
Murray Corp. of America earned
81, ,435 ,031 or s15l in IL months end
ed August 81 VS.. 81 ,391 ,165 or $1.4
in the previous year.
Federal Light & Traction Co. and
subsidiaries reported net of $1,073,-
744 or 81 SIS in IL months ended Sep
tember 80 VS.. $1,199, ,6O4 or $1.78 in
the preceding fiscal period.
Kansas City Power e. Light Co
earned $3,037 1892 or $3.50 a share
in II months ended September &c
VS.. $2,977,2 ,208 or $5.21 in the previous
year.
United Corp. plan to offer port
folio securities in exchange fol
1,123,374 outstanding shares of Sc
cumulative preference stock was
approved conditionally by the SEC
An increase in cash from IS to S6 q
share and other minor changes were
ordered.
Peoples Natural Gas Co. asked
SEC permission TO sell a gas line in
Western Pennsylvania for $804 ,86t
to New York State Natural Gas
Corp.
United Light & Railways Co. plan
to liquidate and dissolve American
Light & Traction Co. will be heard
by the SEC December IA.
Klearfiax Linen Looms, Inc, OF
America was charged with violation
of antitrust laws in an attempt tc
monopolize sales on linen carpets tc
the Government, in a suit filed by
the Justice Department in Federal
Court at Duluth.
National Broadcasting Co. named
John F. Royal vice president in
charge of its new teleyision depart.
ment.