Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-08-11
Business Briefs

money III -SHCulAtlOH IOtdlcu plI,-
9l0,000y000 on August 8, gain OF
5000 900 from a week earlier and
$4,000 100000 above year ago, re-
ported the Federal Reserve Board
in its summary of member banks.
Income Payments to individuals
reached 75,700,000000 in the first
half of 1914, compared with S67,-
100000 a year ago and $34, 1917
100000 in the same 1889 period,
the Commerce Department esti-
mated. June payments OF Sl3,496,-
100000 set a new record.
Department Store Sales in the
week ended August 5 were 40 above
a year ago, while those for four
weeks ended the same date were
1919 higher, the Federal Reserve
Board disclosed.
Union Pacific Railroad was au-
thorized by the ISIS to issue So
10000 equipment trust certificates
to help finance purchase of sl0,-
1854, 800 of new equipment.
United Air Lines reported revenue
passenger miles in July totaled
42,776,50O, a new record and $3.50
above a year ago Return of addi-
tional planes by the Army was the
chief factor in the rise.
Standard Oil Co. of Indiana
earned s27,868,559 or s182 in the
first half VS.. s22,079,417 or s1.44/a
year ago.
American Gas e. Electric Co. ne,
for IL months ended June 80 was
Sl1.8l8.983 or $225 VS.. Sll,44l OH
or salt in the previous year.
Square d Co. earned $920.854 OF
500 in the first half vs. $l,l55,l73 OF
s2.65 IN the same 1943 period.
General Shoe Corp. net for three
months ended July 81 was $216,27l
or 80 cents VS. $240,152 or 81 cents
year ago.
Pittston Co. earned $587,3l3 in the
first half VS.. 1857 ,l09 in the same
l943 period.
Link Belt Co. net for the first hall
was 1902 $50 or $l.33 share VS.
$l181,216 or $1.53 year ago.
Paramount Pictures. Inc, net for
six months ended July was esti-
mated at $7,S95, 900 or s2.10 a share
VS.. 1887 900 or sl97 a year ago.
Loew's, Inc, earned $l0,5l4646 or
1924 q share in 40 weeks ended June
8, compared with S9,453,838 or $5.67
in the like 1943 period.
Sterling Drug, Inc, net for the
first half of 1914 was S4,504,907 or
S257 a share VS. $3,934,2ll or 1924
a year ago.
Commercial Investment Trust
Corp. earned $3,779,74o or s1.05 a
share in the half VS.. S6288,238 OF
S172 in the same l943 period.
Celanese Corp. net for the halt
was $3,737,125 or $1.59 share VS.
$3.0s5,82 or $l.37 year ago.
Briggs Mfg. Co. earned $l,257,-
342 or IS cents share in the June
quarter VS.. 81 ,236,580 or So cents in
the same 1913 period.
Tidewater Associated Oil Co. net
for the half was s6,878,342 or sc
cents a share VS.. $6,255,584 or &c
cents q year ago.
Monsanto Chemical Co. earned
$2,412, PAT in the half, compared with
$2.877,630 in the same l943 period
Potomac Edison Co. net for the
half was $461332 VS.. $432, 135 a year
ago; net for IL months ended June
80 was 1894, 062 VS.. s932,126 in the
previous year.
Sinclair Oil Co. announced its
subsidiary, Sinclair OH Refining Co.,
has started surveys in Venezuela
for construction of a $4,000 barrel
refinery.
Mackay Radio e. Telegraph Co.
opened the first direct commercial
radio telegraph circuit between New
York and a station in liberated
France.
Western Pacifis Railroad will
spend $6,500,000 on Improvements
and equipment this year and has
an excellent chance" to complete
its reorganization before the end
of the year, said President Charles
Elsey.