Evening star., 1944-10-06
Business Briefs

Money in Circulation rose to $23,-
831 900 900 on October 4, an increase
of 1928 600 900 from a week earlier
and 1898, 900 600 above year ago
the Federal Reserve Board reported
Gold stock totaled $40, 1924 ,000, 900, a
drop OF 81 900 900 from week earlier
and Sl,352, 100000 below year ago
Commonwealth Edison Co. stock
holders approved a refinancing pro-
gram. The firm will reduce out
standing 31zqo series I bonds from
$98, 900 900 to $4,000, 900 with treas
ury cash. The remainder with $780,
10000 of Public Service Co. OF
Northern Illinois 31a9o bonds will
be redeemed through sale of 1885,
100000 new Commonwealth Edison
3% bonds.
Mobile (Ala) Gas Service Corp
registered with the SEC $1,4O0, ,00(
of f1rst-mortgage bonds, 5000 shares
of 500 par value cumulative pre-
fe1red stock and 100000 shares o1
$3.50 par value common.
Sears R0ebuck e. Co. sales in Sep
tember totaled $89, 1862 1856, a gain OF
1887 over a year ago: in months
ended September 30, $609, 1853 ,525, an
increase of 13.4%.
F.W. Woolworth Co. sales for Sep
tember totaled $37,528.776, gain
Of 1887 over year ago; for
months, $311 1,379 PA, an increase OF
3.2T.
Butler Brothers sales for Septem-
Der were s9,958,737. a decline of .16%
from year ago: for nine months
$86, ,233,212, drop of 3.4qc.
Spiegel, Inc, sales for September
totaled $3,851 ,588, a gain of 40.8%
over a year ago: for nine months
S23,318,090, an increase of 1857.
American e. Foreign Power Co
earned $8,056, ,457 or $3.50 a share on
combined preferred stocks in IL
months ended June 30, compared
with s7,757,483 or 1896 on combined
preferreds in the previous year.
Public Service Co.. of Indiana re-
ported net income of 81 ,906 ,068 in IL
months ended June 80 VS.. $2919,81S
in the preceding fiscal period.
Detroit Michigan Stove Co. earned
$421, $40 or 81 cents share in Il
months ended July 81, before re-
negotiation. compared with $414,-
865 or 70 cents in the previous year
Grand Union Co. net for 6 months
ended August 81 was $245 ,667 or $1.1C
a share VS.. s238, ,465 or SLOT in same
1943 period.
Lehman Corp. net asset value
equaled $4l.78 share on September
80 VS.. $41.55 on June 80 and $37 81
a year ago. Largest concentration
of investments was In utility securi-
ties with market value of $l2,.
783,889.
Florence Stove Co. acquired the
electric and gas range business oi
the Cavalier Corp. of Chattanooga
Tenn, for postwar expansion.
Standard Accident Insurance Co
stockholders approved investment oi
$2,500,000 in stock of a new fire in
surance company to be wholly owned
and operated by Standard.
Railroad Credit Corp. will make
a liquidating distribution of $50 or
October 20. It will amount to $685..
1877 and lift total distribution to $685..
823,178 or 9l% of the original fund.
Pullman Standard Car Mfg. Co
PAoiiV dt oheiCAs Z d.s CClCUl dtCA tllt
making of its 5000. .000th heavy
artillery shell. 1t was revealed :
company process had saved more
than 100 100000 pounds Of steel ir
making the shells.
Midland United Co. and Midland
Utilities CO. were permitted by the
SEC to submit their modified plar
for reorganization for final approval
to the United States District Court
for Delaware.
e. w. Bliss Co. elected A. j. M
Baker vice president. He is former
general manager of Croker
Wheeler Electric Mfg. Co.
Madison Square Garden Corp
elected President N. Peter Rathvon
OF r. K. o. acting chairman in the
absence OF Stanton Grifi1s ON Red
Gross mission.