Evening star., 1944-01-14
Business Briefs

Low store STOCKS helped restrict
retail volume this week barely even
to as much as AZ below a year ago.
Dun & Bradstreet, Inc, reported.
Stores holding clearance sales did
better than average. Spring FASH
ion promotions brought a good re-
sponse with women's s wear doing bet
ter than mems wear. Wholesale
demand was heavy,
Money In Circulation on January
IL totaled $40. .404, 100000, a decline
OF $32 100000 from a week earlier
but s5,082, ,000, 900 above a year ago
the Federal Reserve Board disclosed
IN its weekly summary of member
banks condition. Member reserve
balances totaled S12,8O1 ,0OO. 900. a
gain of $l99000,000 from a week
earlier and s479, 100000 below year
ago. Excess reserves stood at ST.
10000 600, gain of s16O 600 OO0
from week earlier.
Cotton Consumption in December
totaled 8520l6 bales of lint and LOT
oos OF hnters, against 935,87O and
iOs,437 respectively. in the same
1912 month. Consumption in five
months ended December 81 was
4,Ii,4O7 bales of lint and 553.751
OF hnters, against 4,706, ,523 and SIS
4o2 In the same 1912 months, the
Census Bureau said.
Engineering Construction Awards
IN l943 declined to s3.O61 .844, 900
from s9,305 1923 900 in the record
year OF 1912, the Engineering News
record announced. The decline was
que mainly to continued restric-
tions on nonessential building and
sharp cuts in war construction
General Electric Co. revealed that
more than $450,OO0,0OO of it's war
orders were Cancelled in 1943 and
That new orders received in the
last three months we're 76qo below
those of the same 1912 quarter.
The cuts left backlog of untitled
orders equivalent to approximately
years output at current rates
and prices, however.
American Airlines, Inc, carried
record volumes in l943. Totals for
the year: 26,163969 pounds of mail
against 14,634,679 in 1912; 2O.976, 100
pounds OF express against 1871
155 in 1912: 26.O39 1898 passenger
miles against 27.645 OCT in 1912.
Under Army contracts. the COM
pany's worldwide operations in
cluded vital trips to New Guinea
and the carrying of nearly 5000, 900
pounds of cargo from India to
China.
Willys-Overland Motors. Inc, re-
ported that production Of the intri-
cate "chest-and-wing' lection for
the Navy's Corsair fighter plane, in
volving the assembly of $4,000 differ
ent parts, had been more than
tripled in tie last three months.
Emerson Electric Mfg. Co. earned
S308,658 or S201 share in the fiscal
year ended September 30. compared
with $67l, ,166 or $l.57 a share in the
previous year Boiling of IAN eX-
traordinarly large amount of peace
time business for the postwar period
WAS reported.
Atlantic Coast Line Railroad re-
ported net income OF $l3.475,967 or
Sl6.35 share in ii months ended
November So compared with ST.
704.S83 or $2l .49 share in the same
1912 period. November net was ST.
666,232 against s2,806, ,086 in the same
1912 mcnth
Rutland Railroad reported net in
come of $145, ,l27 In II months ended
November 80, compared with sass, ,039
in the same 1912 period.
North American Gas & Electric
Co. plan for liquidation and disso-
luton has been approved by Judge
Paul Leahy in United States District
Court at Wilmington, Del. the SEC
announced.