Evening star., 1944-08-18
Business Briefs

Money in Circulation rose to $23,-
020,000,000 on August 16, a gain OF
$110,OO0,000 from week earlier and
S4,806,000,000 above year ago, the
Federal Reserve Board reported.
Department Store Sales in the
week ended August II were 1870
above a year ago, while those for
four weeks ended the same date
were up 10eo, the Reserve Board
disclosed
Mid Continent Petroleum Corp.
earned S3,317,111 or Sl.79 a share in
the first half of this year, compared
with S3,O56135 or sl64 in the same
1943 period.
Great Northern Paper Co. net for
the half was $941 1863 or "a cents VS..
650,793 or IS cents a year ago.
Gaylord Container Corp. reported
profit of s522,62O or 70 cents a share
for the half VS.. $497, ,524 or 68 cents
in the same period last year.
Graham Paige Motors Corp.
earned $814,16l in the first half of
1914, compared with $646,0l0 in the
same 1943 period
Best Foods, Inc, net for IL
months ended June 80 was $3,379,-
676 or $2.25 a share VS.. $2,460,704 or
$l.64 in the previous year.
J. c. Penney Co. earned $7,703,7 ,702
or $281 a share in the first half of
this year VS.. $8,l80,95i or S298 a
year ago.
Caterpillar Tractor Co. net for Z
months ended July 81 was S4.3l2,219
or 1929 a share VS.. S4,2o7,66 or
1928 in the same 1943 period.
National Enameling g. Stamping
Co. earned S443,138 or 1886 a share,
before renegotiation, in the first half
vs. S325,883 or S2.84 a year ago.
American Agricultural Chemical
Corp. earned S1,819,418 or $3.50 a
share in IL months ended June 80
compared with $2,024,926 or 1922 in
the previous year.
Chesapeake & Ohio Railway net
for 7 months ended July 81 was $16,-
174,501 or S21l VS.. $18,003,052 or
$3.50 year ago.
Louisville g. Nashville Railroad
net for 6 months ended June 80
was s8,654011 or $7.39 VS.. $9,172, ,39l
or S784 in the same l943 period.
Celanese Corp. of America de-
clared stock dividend en- the COM
mon, payable September 80 to hold
ers of record September IA, at the
rate of one share for each 10 shares
held
American Meter Co. declared a
dividend of so cents a common
share, payable September Is to
holders of record August Is. Pre-
viouS payments were Is cents.
Chesebrough Mfg. Co. declared an
extra dividend of Is cents a share
and a quarterly dividend of 81 a
share on the common, payable Sep
tember Is to holders of record Sep
tember l.
Connecticut Mutual Life Insur.
ance Co. assets reached $521 ,786 ,534
on June 30, compared with $479,-
905 ,234 year ago.
Phoenix Mutual Life Insurance
Co. sales in the first 7 months OF
this year totaled $35, 5000 gair
of $50 over $26, 100000 in the same
1943 period.
Permanente Metals Corp. con.
trolled by the Kaiser interests, vii
launch a magnesium research pro-
gram September l.
Electric Power & Light Corp
asked the SEC to approve its pro-
posed surrender to Arkansas Power
& Light Co. of 1897 shares of Ar.
kansas 81 preferred stock and 1,233,,
638 shares of its no par value com
mon.
General Gas & Electric Corp. plar
Tor simplification will be considered
at an SEC hearing September IL.
Firestone Tire e. Rubber Co
started construction of a Govern
ment-owned tire plant at De
Moines, Iowa.
Lima Locomotive Works received
an order for 8 steam locomotive
from the Virginian Railway.