Evening star., 1944-07-14
Business Briefs

Money in Circulation on July IL
totaled s22.561 900 900, a decline Of
S37, 100000 from a week earlier, but
$4,903 100000 above year ago, the
Federal Reserve reported in its
weekly summary of member banks.
Gold stocks totaled $2l ia 900 900,
a drop of s19,000,00 from a week
earlier and 81 ,248,000,000 below a
year ago.
Chicago e. North Western Rail-
way Co. directors voted to pay the
RFC around S35. 700 900 and cut the
debt to the agency to around $11,-
100000. A dividend of SIS share
was declared on the preferred stock,
covering payments due for l94l, 1912
and 1943
Tide Water Associated Oil Co.
has arranged for sale of S24 500, 600
of one to ten year serial notes to
commercial banks and will apply
proceeds to retirement of s16,500, ,00C
of 234oo debentures, due 1855, and
100000 of serial notes.
New Orleans Public Service Co.
a subsidiary of Electric Power &
Light Co. will invite bids before the
END Of the week on a refunding pro-
gram involving $34, 100000 of bonds
and $7,80O,000 of preferred stock
investment bankers reported. Pro.
ceeds will be used to retire outstand.
ing bonds and 81 preferred stock.
Sterling Engine Co. offering o1
204.075 common shares was placed
on the market by a group headed by
Burr e. Co. at $375 share OF the
total, 23,225 were sold by the COM
pany and 180,850 by officers and di-
rectors. Company proceeds will be
added to working capital.
ACF-Brill Motors Co. registered
with the SEC 280,138 shares of $25(
par value common stock to be Of
fered at $3.50 a share to warrant
holders prior to 1850 and at SIS be.
tween 1850 and 1855. Warrants are
to be issued to holders of B stock
OF Brill Corp. and to common hold
ers of American Car g. Foundry Mo.
tors Co.
Underwood Elliott Fisher Co
earned $956,080 or $l30 a share ir
the first half of 1914, compared with
1851 1854 or SLIT in the same 1874;
period.
MathieSon Alkai Works, Inc, net
for the first half was S578.162 or 81
cents a share VS.. S704 ,697 or IS cent.
year ago.
Wesson Oil e. Snowdrift Co
earned 81 ,765 ,635 or $1.52 share ir
nine months ended June 3, com.
pared with s2,338, $50 or $2.5l in tht
same period year ago.
Truax -Traer Coal Co. reported net
of $1,133,504 or s2.31 share in /:
months ended April 30, compared
with $1,025 ,049 or $2.10 in the pre-.
vious year.
North American Rayon Corp
earned S789,934 or $1.46 share or
combined class A and B common
stocks in the first "a weeks of 1874
compared with $772,282 or $l.42 or
the combined stocks a year ago.
Atlantic Coast Line Railroad re.
ported net of $6,494,703 or s7.88 &
share in five months ended May 81
vs.. $s,143,637 or $988 in the same
1943 period.
Baltimore Transit Co. reported ne
income of $353,866 in the first fiv'
months of 1914, compared with $639, )
OBJ year ago. Revenue passenger!
totaled 110,34l, ,436. drop of 1.5T
from year ago.
Pullman Standard Car Mfg. Co
announced program of greatly in.
creased heavy artillery shell pro.
duction at its Butler. Pa, plant
Output of one type will be triplee
in the next two months, that of an.
other increased 1857, while thire
will be stepped up 1l4%.
American Locomotive Co. ap.
pointed Perry T. Egbert vice presi.
dent in charge of Diesel locomotive,
sales, William S. Morris vice presi.
dent In charge of steam locomotive
and divisional sales and James D
Vaughn as controller.