Evening star., 1944-06-09
Business Briefs

Money in Circulation SCARED fur
ther to S22, ,256o00, 900 ON June Z. a
gain of $143,000, 900 from a week
earlier and $5,018. 600 900 above a
year ago, the Federal Reserve Board
reported in its weekly summary of
member banks. Gold stock totaled
$21 ,2l2, 900 900, q decrease of $52,-
000O 300 from week earlier and ST.
1876. GOO, 900 below year ago.
Bituminous Coal Production ap-
proMmated 11.870, 900 net tons in the
week ended june 8, compared with
1850 900 in the previous week and
was far. above 3,015 900 In the like
1943 week when a strike cut output
sharply, the National Coal Associa-
tion estimated. Production for the
year to date Appropriated 272, ,332,-
600 VS.. 250, 1853 900 a year ago.
Department Store Sales in the
week ended June 3 were TO above
a year ago, while those for four
weeks ended the same date were
1879 above year ago, the Reserve
Board also disclosed.
Insurance Companies Were AS
sured the Government does not plar
any immediate new prosecutions
under the Sherman Antitrust Act
even though the Supreme Court
has ruled they are subject to the
act. Attorney General Biddle said
the companies will be given chance
to change their practices.
j. C. Penney Co. sales in May
tota1ed s45,30l ,295, up 1857 from
S38.568, ,599 a year ago; in five
months, $188, ,372, 1862, an increase oi
6.2% from s177 1924 .308 a year ago.
S. III. Kress G. Co. sales for Nav
totaled S10,080,601 VS.. S9,609,6 SIG 9
year ago; for five months, $47, ,731 ,351
VS.. SAC, ,068,68 a year ago.
Walgreen Co. sales in Nav were
s9,579,79l vs. S9,252,873 a year ago;
in Ave months, $47,637, ,728 VS.. $44,-
579,620.
j. j. Newberry Co. sales in Nav
totaled $7836 $50 VS.. $7,200,350 a year
ago; in five months, $34, ,l21 ,468 VS.
s31, ,797 ,943.
A. o. Smith Corp. reported net
of $2,034,017 or $408 a share for
three months ended April 80, COM
pared with S3,921 ,87S or $786 in the
same 1943 period
Engineers Public Service Corp
and subsidiaries earned $5,671,2l6 OF
Sl.79 a share in II months ended
April 80, compared with 81 4,641 ,277 Oh
$l.25 In the previous year.
Virginia Electric e. Power Co. net
for IL months ended April 80 wa.
S4,587,679 VS.. $4,137,186 in the pre-.
ceding fiscal period.
American Hawaiian STEAMSHIP
Co. earned S295, TAG in the March
quarter, compared with 1895 $50 il
the same l943 period.
Sinclair Oil Corp. declared {
quarterly dividend of 20 cents &
share, payable August IS to holders
OF record July Is. In the preceding
quarter the dividend was increased
from l2l2 cents to Is cents.
National Enameling g. Stamping
Co. declared a dividend of 62la cent,
share, payable June 80 to holders
OF record June 10. Previous pay.
ment was so cents on March 81.
Curtiss- Wright Corp. declared q
dividend of so cents a share on class
A stock, payable June 80 to holder,
OF record June 10.
Ailis Chalmers Mfg. Co. elected
ernest Mailer to the board He Is
executive vice president of Kim.
berly-Clark Corp.
Radio Manufacturers Association
elected as vice presidents: E. A
Nicholas of FarnsWorth Televisior
d Radio Corp; David r. Schultz O,
Newton, Mass; Walter A. Evans OF
Baltimore; r. C. Sprague of Nortf
Adams, Mass. Bond Geddes O.
Washington was reelected executiv
vice president, general manager ant
secretary.
Allegheny Corp. notified holder
Of its 20-year collateral trust con
vertible SO bonds, due l949-195C
that they will be redeemed Angus
8 az the principal amount and ac
crued interest plus a premium O
2i2%.