Evening star., 1944-02-18
Business Briefs

American Business Will Have Re.
serves Of from 10000 900 900 to s20,-
100000 900 left over for plant and
employment expansion after financ-
ing its own s36, 900, 900 900 transition
from war to peacetime production
predicted S. Morris Livingston and
E. T. Weller, Department of Com
merce economists. They emphasized
they were discussing business in the
aggregate and were assuming settle
ment of war contracts with reason
able promptness."
Money in Circulation totaled S20.-
6l0,000,000 on February is, a gain
OF $4,000, 900 from a week earlier
and $4,765, 900 900 above a year ago
the Federal Reserve Board reported
IN Its summary Of member banks
Member reserve balances totaled
$l2 IA, 100000, decline of $685.
100000 from week earlier and
ss49. 900 900 below a year ago.
New Alcohol Supplies will be OBJ
ta1ned under an agreement reached
by the United States with Cuba for
purchase of minimum of IS ,0OO. .OOO
gallons OF Cuban molasses for con-
version into industrial alcohol this
year. Uncle Sam also will buy up
to 12,500,000 gallons OF 100 proof
alcohol.
American Telephone & Telegraph
CO. and principal telephone SUBJ
sidiaries earned SIT, ,769 ,OO9 or $3.50
share in l943, compared with x164 =
3l9,746 or $8.79 a share in 1942
Revenues totaled s1,648077, 900
against 81 1.469 ,263, 900 in the pre-
ceding year; taxes, 1914, ,OOO
against 1898, 1872 900. Telephones at
the end Of 1943 totaled 21246. 600, a
new high, and 1888, 700 above a year
earlier.
American Can Co. reported net in
come of $13,335, ,759 or 1922 a share
In 1s43, compared with $l2,s67, Az or
$4.03 share in 1912
Mohawk Carpet Mills net for 1943
was $l,274,000 or $40 a share
against sl,608,39l or $3.03 in 1912.
Household Finance Corp. earnings
In l943 were $4,88l ,345 or $5.5l a
share VS.. s5,23l ,041 or $3.50.
Continental Steel Corp. earned
S762,6l0 or s3.46 a share in 1943. be-
fore renegotiation, against 1898 1852
or S4.06 after renegotiation in 1912
Noblitt-Sparks Industries net for
1943 was $l,782,932 or $3.50 a share
before renegotiation, against an ad-
justed 1912 net for $823,672 or S3.47
. share.
Piper Aircraft Corp. profit for year
ended September 80 was $3l5,258 O,
S225 share against $500, 1865 or $2.1C
in the previous year.
Mullins Mfg. Co. earned $75l OO(
or 81 a share In 1943, compared with
S547,455 or So cents in 1912.
United Carbon Co. net for 1874:
was $2,047.327 or $5l5 share
gainst a 1912 net of $1,780,52O OF
i4.47.
Fhntkote Co. earned $l,25O.276 O,
Isl share in 1943. compared with
l5l8,154 or $1.88 share in 1912
United Carbon Co. earned $2,O47,.
a27 or $5.15 share in l943, com.
pared with 81, ,780,520 or SAT a share
AA taAO PaCSC0AAA6 yCdI.
McCrory Stores Corp. reported
proa1t of $2,888. .542 or $2.Ol a share
for 1e43, compared with $2,184,75;
or $50 3 share in the previous
period.
Equitable Life Assurance Society
reported assets increased $256, ,79S,-
026 In 1943 to new record of So
189, ,654 1856. Government bond hold
ines increased $458, $3.50, 900 to tota.
$961 ,35l ,265, or 32T of invested
assets. A return OF 3.23T was
realized on total assets In the year.
Eversharp, Inc, declared an extrs
dividend Of Is cents and q regular
dividend OF 80 cents q share on com.
mon stock. payable April Is te
holders Of record April 3.