Evening star., 1944-11-03
Business Briefs

Money In Circulation expanded
to S24, ,409 ,000, 900 on November /, a
gain of s193, 100000 from a week
earlier and $5,055 100000 above q
year ago, the Federal Reserve Board
reported.
Division of the World Cotton Mar
ket by international agreement was
predicted by the National City
Bank. 1t might resemble the wheat
quota plan and would be an alterna-
tive to subsidized dumping of sur
pluses, the bank said.
More Selling Than Buying of Sc
curities was reported by 30 leading
investment companies for the third
quarter. Cash and Government Sc
curities amounted to go of assets or
September 80 VS.. 80 on June 80
Oil stocks continued to bear the
brunt of the selling.
Chicago, Burlington g. Quincy
Railroad offering of SAC, 1000, 900 32 q
refunding bonds was marketed Al
l00A by Morgan, Stanley g. Co. anc
associates.
Radio Corp. of America earned
S6,734.670 or 81 cents share In
months ended September 80 com.
pared with $7,435. .025 or SO cents ir
the same 1943 period.
L. C. Smith g. Corona Typewriter
Inc, net for the September quarter
was $246,501 or 80 cents VS.. 1892 ,54A
or n cents year ago.
Midland Steel Products Co. earned
S379, ,486 in the September quarter
vs.. 1902, 1853 a year ago. Net for 8
months was $1,132,247 VS.. $1,000, ,73s
in the same 1943 period.
Container Corp. profit for
months was $1,648,044 or Sail VS.
S1,363,58 or $1.74 in the same perioc
last year.
Reynolds Metals Co. net for nine
months was $3,078,166 or $2.S1 VS.
$2,927 ,091 or $266 a year ago.
Amerada Petroleum Corp. earned
Sf,250,327 or $1.59 in the September
quarter vs. $1,016,338 or $1.29 in the
same 1943 period.
Northern Natural Gas Co. net for
q months ended September 80 was
s3,707, 1868 VS.. $3,618,1 1859 in the pre-
viouS year.
Colorado Fuel & Iron Corn.
earned $424,476 or rs cents in the
September quarter VS.. $79,237 or Il
cents in the same 1943 period,
Braniff Always, Inc, net for the
September quarter was $319, 1902 VS..
S199,902 a year ago.
american Safety Razor Corp
earned $931,107 or $1.96 in nine
months ended September 80 VS.
sTl2,068 or SLAB in the same 194a
period.
Sylvania Industrial Corp. net for
nine months was $670,617 or $1.61
vs.. $715,652 or $1.72 a year ago.
Mead Corp. earned s7s5, 100 or "a
cents in 40 weeks ended September
80 VS.. $768,419 or SO cents in the
same 1943 period.
Allegheny Corp. will seek an ICC
ruling on validity OF It's control of
Chesapeake & Ohio Railroad prop
critics in connection with an applica-
ton to operate Norfolk Terminal q
Transportation Co. as an integral
part Of its system rather than as a
wholly owned subsidiary.
Allis Chalmers Mfg. Co. declared q
year emo dividend OF 80 cents COM
mon share, payable December 20 to
holders of record December /, bring
Ing years payments to $1.65 VS.. $1.25
last year.
Chicago & North Western Railway
declared dividends of S. preferred
share and IS a common share, both
payable December 80 to holders Of
record December l and authorized
payment of $5,000,00O on an RFC
loan TO cut 1t to around $6,250,000
Creole Petroleum Corr. declared
81 dividend of Is cents q share
bringing 1914 payments to $1.25 W.
So cents in 1913.
Borg Warner Corp. announced
its Norge Division exercised an op-
ton to buy the Efingham, III, plant
OF Vulcan Corp.