Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-07-13
Business Briefs

Money in Circulation continued its
long climb in the week ended July
IL and totaled SIG 1872 900 900 on that
date, gain of $98,000,0o0 from a
week earlier and $4,37l ,000, 900 above
a year ago, the Federal Reserve
Board reported.
totaled 47,047 900 barrels on July Z,
a decline of 142, 900 from week ear
lier, the American Petroleum Insti-
tute announced. Fuel oil stocks in
creased moderately in the week.
Steel Company Payrolls in May
totaled $154,035, 100, second highest
monthly total on record, and COM
pared with $146.954, 300 in the pre-
vious month and $145, 426, 900 a year
ago, the American Iron & Steel In
Stitute disclosed. Employment sank
to $4,000 VS.. SGT 200 in the previous
month and $685. 100 a year ago.
New Securities Marketed Today
included: $7,500,000 of first mortgage
go per cent bonds of Mountain
States Power Co. at 101.95 and in
terest; S39,000,oo0 of general and
refunding 37s % bonds, series E, OF
Texas & Pacific Railway at zoos and
interest.
Western Pacific Railroad asked
ICC permission to sell $10,000,000 of
first mortgage go bonds, due 1874
to refinance a similar amount of 40
bonds. Competitive bids will be re-
quested.
Fuller Brush Co. issued manda-
tory call for preferred stockholders
to turn in their shares by October
l at par of 500 plus the third
quarterly dividend of SITS. The
shares will be placed in the COM
pany treasury.
Pennsylvania Central Airlines de-
clared an initial dividend of rs
cents a common share, payable
August 8.
Warner Brothers announced sale
of it's entire holdings of 43,759 shares
IN Decca Records, Inc, to Kuhn,
Loeb g. Co. and associates for more
than $l,800000 to further its policy
of divesting itself of holdings not
directly connected with motion pic
lures.
Union Trust Co. of Maryland
moved to acquire control of the Bal
timore Commercial Bank under a
plan approved by State and Federal
authorities, offering Baltimore Com
merclal holders 5000 a share.
North American Rayon Corp.
earned $S34,217 or $155 a share in
"a weeks ended June l6 VS.. $769, 1884
or $ly46 year ago
National Power e. Light Co. net
for IL months ended March 81 was
S4,272,875 or rs cents VS.. $4,3l0 ,223
or rs cents in the preceding year.
Chase National Bank earned $l.l4
a share in 6 months ended June 80
VS.. $l23 year ago. Deposits on
June 80 set a record of 81 1852 627 900
VS.. $4,497, $50, 900 on March 81 and
$4,677, 873 900 a year ago.
Truax-Traer Coal Co. profit for IL
months ended April 80 was 81, 135, 166
or $2.88 VS.. $1,133,50 or $2.31 on
fewer shares in the previous year.
Idaho Power Co. earned 81 1892 1856
or 1888 in IL months ended June 80
VS.. 81, 370,845 or $2.16 in the preced-
ing fiscal period.
Missouri Pacific Lines and the
Texas g. Pacific Railroad placed Or
ders for more than $4,000, 900 worth
of new lightweight trains and Diesel
electric locomotives. Pullman Mfg
and American Car & Foundry re-
ceived orders for 100 sleeping cars
and Electro Motive Corp. will buil6
2 locomotives.
Erie Railroad awarded Bethlehem
Steel Co. contracts for the construc-
ton of 600 all-steel lotion drop ano
gondola cars and the Greenville
Steel Car Co. an order for 100 hop
per cars.
Baltimore e. Ohio Railroad In
vited bids for the purchase of 1,00(
to 1000 steel hopper cars.
Borg Warner Corp. announced it:
Pesco Products division had adapted
aircraft type hydraulic controls Il
farm tractors