Evening star., 1944-12-29
Business Briefs

No Increase in Food Supplies can
be expected as long as the war IN
Europe lasts, and some items sucn
as butter, poultry, pork and bacon
will become increasingly short IN
the next few months, commented
the Great Atlantic & Pacific Tea
Co. in its monthly survey.
Money in Circulation set another
new record of s25 .335 100000 on De-
cember 81, a gain of S55,000,0 900 from
a week earlier and S4907 100000
above a year ago, the Federal Re-
serve Board reported.
Department Store Sales in the
week ended December % were $40
above a year ago, while those for
4 weeks ended the same date were
up 21oo and for the year to date
were 11Go higher, the Reserve Board
also revealed.
Gasoline Stocks totaled 1886, 900
barrels on December %, a gain OF
$4,000 from a week earlier, the
American Petroleum Institute dis
closed.
Federal Farm Loan Bonds total
ing more than S100,000,000 will be
offered probably early next month
by the u Federal Land Banks, the
Farm Credit Administration an
nounced.
Philip Morris & Co. Ltd, reg
istered with the SEC 199,847 shares
of $100 par value cumulative pre-
ferred stock and an equal number
of subscription warrants. Present
common holders will be offered new
shares at the rate of l for each
held. Preferred holders will be Of
fered new shares for old on a share
for share basis plus cash adjust
ment.
Central Ohio Light & Power reg
istered with the SEC 1872 shares
of S100 par value cumulative pre-
ferred stock to be offered in ex-
change for outstanding Sc preferred
shares.
Pennroad Co. stockholders judg-
ment of S22,104,515 against the
Pennsylvania Railroad Co. was set
aside by the United States District
Court of Appeals at Philadelphia.
Beech Aircraft Corp. stockholders
will vote January 25 on a proposed
increase in authorized common
stock from 10000 to 1,5O0,0 900 shares.
Distillers Corp -Seagrams reported
profit of S5,603,094 or $310 share
in 8. months ended October 81 VS..
S4O31 1856 or $2.19 in the same 1943
period.
Consolidated Gas, Electric Light
g. Power Co. of Baltimore earned
$5,687 ,165 or $3.87 in II months end
ed November 80 VS.. SIS ,602 $40 or $3.50
a year ago.
Cuban Sugar Co. net
for II months ended was S3,976, ,485
or $3.50 VS.. 1854, ,359 or SO cents in the
previous year.
WHY'S Overland Motors, Inc,
earned 1886, ,506 or $1.64 in II
months ended September 80 VS.. So
010,901 or S1.32 in the previous year
Beatrice Creamery Co. net for
months ended November 80 was ST.
90,897 or 1924 VS.. 81, ,3O9 ,599 or $2.4O
in the same 1943 period.
Peoples Light & Power Co. plan
for dissolution of subsidiary, Cali
forria Public Service Co., was ap-
proved by the SEC.
Michigan Bell Telephone Co. was
ordered by the Michigan Public
Service Commission to cut bills So
50o,m0 in order to reduce excess
profits taxes.
Bendix Aviation Corp. contingency
funds have been reduced So, ,499 065
In renegotiation of contracts for the
yearyended September 80, 1943.
standard Oil Co. of New Jersey
appointed E. T. Lennon manager
of the Virginia division to succeed
B. L. Bell, who will take Mr.. Lem
mons place as New Jersey manager.
Clinton Co. elected r. E. Clizbe
president of that company and the
National Candy Co. of st. Louis, q
subsidiary.