Evening star., 1944-09-01
Business Briefs

Money In Circulation rose to S23, =
22l 100000 on August 30, a gain of
sl74000000 from week earlier and
s4650,000 900 above year ago, the
Federal Reserve Board revealed in
its weekly member bank summary
Gold stock totaled S2,946 100000, a
drop of ST 100000 from week earlier
and s1.297 900 900 below a year ago.
Retail Sales of l9075 independent
stores in "a States totaled S298 674,-
304 in July drop of o. from the
preceding month, but 60 above a
veal ago the Commerce Depart
ment disclosed In the first seven
months of this year, sales were So
above year ago.
Beef Production in August set a
new record of 60O,00O,000 pounds, a
gain of 28eo over the preceding
month and PIC above year ago
the American Meat Institute an
nounced.
Commonwealth Edison Co. stock
holders will vote October S on a plan
to issue Sl55 100000 in new bones
for reflnancing under simplifica-
tion program started in 1887. Pro-
ceeds with $23 100000 cash would be
used to refund S98000.00O bonds OF
Commonwealth and S8OOOO,OO0 OF
Public Service Co. of Northern Illi-
noiS.
Oregon Washington Railroad &
Navigation Co.. subsidiary OF
Union Pacific. asked ICC permission
to issue S72l94.O0O of go bonds tc
refund like amount of'4es obliga
tions.
Borden Co. earned s4,325.O 900 or
Sl.Ol a share in the first half of
1914. compared with S3,79l,275 or 81
cents in the like l943 period.
American Potash & Chemical
Corp. net for the half was S742.651
or $l40 VS.. $67l 1926 or sl.27 a year
ago.
Mcclellan Stores Co. profit for IL
months ended July 81 was ST. l.244.684
or las vs. $l,377,37l or 81. SO in the
previous year.
Crown Zellerbach Corp. earned
S1,713,300 or 46 cents share in three
months ended July 81 VS.. Sl,839, ,7O1
or 50 cents in the same 1943 period
Diamond Match Co. net for the
first half was $l053,449 or 86 cents
a share VS.. $l,042609 or "a cents g
year ago
City Stores Co. earned S759,l58 OF
SO cents share in six months endee
July 81, compared with $682 2,18O OF
Sc cents in the same period last year
Atlas PlywoOd Corp net for Il
months ended June 80 was $784 ,69l
or sl66 share. before renegotia-
ton. compared with S55O.63O or Sill
in the previous year, after renego-
tiation.
American Power & Light Co. and
subsidiaries earned S3.057 ,O45 or 81. Z;
on combined preferred stocks in the
June quarter. compared with So
660,76l or $2.06 preferred share in
the same l943 period.
American Car e. Foundry Co
backlog of all kinds of work now
totals $226,0O0,0O0 compared with
s190,000,000 on April 80, President
Charles J. Hardy told stockholders
Northern Pacific Railway Co. pur.
chased S5,l30,000 of its refundine
and improvement mortgage 81
series B bonds in monthst this year
reducing the amount outstanding tt
s91 100000 on August l.
Pennsylvania Railroad reduced its
$40 convertible debentures te
SGT, 125,OO0 on July 81 by purchase
Of $4,902,000 of them in the first I
months of this year.
New York Central Railroad pur
chased $2004,000 of its go bond
Of 1852 in July. Bonds still out
standing July 81 totaled $28, ,388, 900
National Airlines filed schedules
with the CAB for Inauguration or
October / of a new coastal rout.
from New York City to Miami
Tampa and New Orleans.
s Barium Steel Corp. has arranged
% buy the Clyde Iron Works, Inc
ct Duluth for around $500, ,O00.'