Evening star., 1945-02-02
Business Briefs

Money In Circulation rose to $50
290,000,000 on January 81, gain of
100000 from week earlier and
S4,756, 100000 above year ago, the
Federal Reserve Board reported.
Peace Threatens to Let Loose the
greatest concentrated spending by
States and municipalities in history,
declared the National City Bank
States have accumulated surpluses
aggrega ting more than $4,000, 900 900
and are planning some S13 900, ,000,-
600 of postwar projects, the bank
said.
Average Weekly Wages in 25 in
duStries surveyed by the National
Industrial Conference Board set a
record of $4946 in November.
American & Foreign Power Co.
subsidiaries in Argentina should be
dissolved, a commission at Buenos
Aires recommended. The commits
sion proposed eventual nationaliza-
ton of the properties.
Central Illinois Public Service Co.
asked SEC permission to change
350,000 authorized shares of $40 par
value common stock into 100000
SndreS OF no Par Vdlue.
Purity Bakeries Corp. earned ST.
079,901 or $3.50 a share in 1914 VS..
$2,210,010 or S286 in 1943.
Walter E. Heller g. Co. net for
1914 was $483,125 or $1.38 VS.. $472,-
585 or $144 in the previous year.
A. M. Castle & Co. earned $601,-
267 or $3.50 in 1914, after reserve for
renegotiation, compared with $602,-
191 or S251 in 1943.
Consumers Power Co. net for 1914
was $7,049, ,440 or 50 VS.. 1885 ,224 or
s2.44 in the preceding year.
Allied Mills, Inc, earned 81, ,163, ,450
or $145 in 1914 VS.. 50 ,023 $50 or 81 SO
in 1943.
Atlas Plywood Corp. net for
months ended December 81 was
S560,804 or $121 vs. S318,286 or IS
cents year ago.
Continental Baking Co. earned
1886 ,499 or 95 cents in II months
ended December 80 vs. S3,623,272 or
$157 in the previous year.
Acme Steel Co. net for 1914 was
$1,909,6 ,663 or $5.82 VS.. S1,994, ,646 or
$500 in 1943.
Southern Pacific Transportation
System earned SAL ,847,065 or Sl1.09
in 1914 vs. $67,133,187 or $l7.80 in
the previous year.
Van Raalte Co. declared a divi-
dend of 40 cents payable March / on
common stock which was recently
doubled by offering holders the right
to buy for $40 new share for each
one held. Previously so cents quar-
terly was paid
National Dairy Products Corp. de-
clared quarterly dividend of IS
cents a common share, payable
March 10.
Fundamental Investors, Inc, net
assets on December 81 totaled $12,-
420, ,423 or $24.73 a share VS.. 1852,
BOT or $20.89 year earlier.
State Street Investment Corp. as.
sets on December 81 totaled $685..
ats, 1892 or $44.96 a share VS.. S46,
865, ,526 or 1890 at the end of 1943
New York Central Railroad
ordered Is of the most powerful
coal-fired steam locomotives eve
used by the road from American
Locomotive Co.
AliuuIph LApAVSANcS, AuC., OlIcC'
tors approved purchase of .sK-I
Lamp Co. of Cincinnati for arounc
100000 cash.
Universal Atlas Cement Co.,
subsidiary of United States Steel
purchased physical assets of Wabash
Portland Cement Co. at Osborn
Ohio.
Dresser Industries, Inc, purchas
of Payne Furnace g. Supply Co. O
Beverly Hills, Calf, for 22,077 share
Of Dresser stock was approved b.
Payne stockholders.
Armstrong Cork Co. elected W
Gibson Carey, jr., to the board. H
is president of Yale g. Towne Mfg
Co.
Associated Electric Co. electe,
Stanley Clarke board chairman.