Evening star., 1944-12-15
Business Briefs

Cotton Consumption in November
totaled 1885, ,541 bales of lint and 122,-
3O4 of linters VS.. 795.379 and 125, ,722
in the previous month and 858.877
and 109,679 a year ago, the Census
Bureau reported. For months end
ed November 80, totals were 1885,
496 bales of lint and 494519 of linters
VS.. 3,421212 and 445.916 a year ago.
Money in Circulation set another
new record of S25 1853 900 900 on De-
cember 13, a jump of $4,000 900
from a week earlier and S4 ,928 ,000,-
900 above a year ago, the Federal
Reserve Board disclosed.
Wall Street Was Cool to reports
that President Roosevelt may ask
for a Secretary of Foreign Trade
with cabinet rank. Perpetuation OF
the Foreign Economic Administra-
ton and more Government control
over private enterprise were feared
Standard Oil Co. New Jersey an
nounced that crude oil pipe line sys-
TENS operated by Standard Oil OF
Louisiana and Oklahoma Pipe Line
Co. will be merged December 81 into
a new firm, Interstate Oil Pipe
Line Co.
Guantanamo Sugar Co. declared a
dividend of $40 on 81 preferred
stock, payable January Is, first pay
ment since January, 1929.
Sinclair Oil Corp. declared quar-
terly dividend of 25 cents common
share, payable February Is. Previ-
Gus payments we're 20 cents in Au-
gust and November.
Pharis Tire g. Rubber Co. placed
common stock on a dividend basis
of Is cents quarterly, the first such
dividend being declared payable
January TO- Last payment was 80
cents in November, 1943.
Liquid Carbonic Corp. earned ST.
747,401 or 1922 a share in II months
ended September 30 VS.. 81 ,309,93 or
$1.6l in the previous period.
Ell Paso Natural Gas Co. earned
S2,282, BAL or 1882 in IL months
ended October 81 VS.. s2.236,928 or
1884 in the preceding year.
New York Telephone Co. net for
10 months ended October 81 was
S22, 2,484,0 VS.. $23, ,970,6 ,627 in the same
1943 period
Southwestern Bell Telephone Co.
earned s13,147,899 in 10 months
ended October 81 VS.. s12, ,726.397 a
year ago.
New England Telephone g. Tele-
graph Co. net for 10 months was ST.
889,821 VS.. $8,000,820 in the same
period last year.
Chicago & North Western Railway
earned $13, ,737 ,961 in 10 months VS..
$20,352,476 in the same 1943 period
Chrysler Corp. has produced large
quantities of reflectors for Navy
searchilghts capable of throwing a
10000, 000-candlepower beam of light
more than 20 miles, President K. T.
Keller told stockholders.
Hewitt Rubber Corp. will enter the
consumer goods field after the war
producing latex foam and nodded
rubber products.
Great Atlantic e. Pacific Tea Co
of New York and other defendants
in an antitrust suit at Danville, Ill.
were granted a postponement OF
trial from January 8 to March 5.
Ell Paso Electric Co. of Delaware
plan for liquidation was approved
by the SEC. 1t is a subholding COM
pany of Engineers Public Service.
Amalgamated Sugar Co. reelected
Mariner S. Eccles chairman of the
board.
General Electric Co. elected DR.,
zay Jeffries, M. l.. Sloan and R. H.
Luebbe vice presidents. j. w. Kew
ley retired as vice president.
Republic Steel Corp. appointed T.
F. Patton vice president and gen.
eral counsel.
National Lumber Mfg. Association
reelected George T. Gerlinger presi-
dent. Appointment of a successor
to Wilson Compton, retiring secre-
tary-manager, was deferred.