Evening star., 1945-09-14
Business Briefs

Money in Circulation totaled SGT.
193,OO0,0O0 on September IL. a fur
ther rise of $43,000,000 from a weel
earlier and $4,298, 100000 above ;
year ago, the Federal Reserve Sys
tenn announced.
japanese Textile Mills should b,
oismantled and sent to China fo,
reparatlons, partly in payment fo
such machinery the Japs stol,
around Shanghai and Tientsin, tn
Textile Export Association declared
Before the war, Japan became tn,
worlds leading cotton textile ex
Quicksilver Imports have praci
cally stopped, trade experts said
Buyers are hanging back becaus,
they know foreign supplies are larg,
and Metals Reserve Corp. is said t,
nave two-year stockpile. Mexican
producers were reported offerin,
mercury as concession.
Lower Financing Rates for auto
mobile dealers and wholesalers wer,
posted by General Motors Accept.
ance Corp. Commercial Credit Co.
c. L. t. Finance Corp, Bank o
America and other leaders in thi.
held. The new rate was go plus S.
a car for insurance.
Pepperen Mfg. Co. stockholder
approved a common stock spIit-ur
Of 5 for l, increasing the number O
shares from 10000 OF $4,000.
Montgomery Ward e. Co. prof
for s months ended July 81 was &c..
4o1 ,102 or SLAB share, VS.. Sc ,846, ,73t
or Sl.18 in the same 1914 period.
w. 7. Grant Co. earned 81 ,373 .43t
or ST share in the first half of l94s
VS.. 81 ,263 1898 or 81 cents a year ago
Northern Pacific Railway net TO,
months ended July 81 was Sc .93o..
81 or $3.50 VS.. $5,112,8I0 or s2.06 ir
the same 1914 period.
Atlantic Coast Line Railroad
earned S6,S90,273 or 1886 in 7 months
ended July 81 VS.. $9,458, ,149 or s1I As
year ago.
International Minerals g. Chem.
tcal Corp. profit for IL months ended
June 80 was $2,038, 1859 or S2.76 VS.
S2,016,037 or S273 in the preceding
fiscal period.
National Steel Car Corr. Ltd.
earned S968,819 or 81. in IL months
ended June 80 VS.. $788, ,627 or 81 % In
the previous year
Dunlap Corp. net for IL months
ended May 81 was $647 ,223 or $3.50
VS.. S497 ,059 or S1.54 in the preceding
fiscal period.
United Wallpaper, Inc, profit for
u months ended June 80 was $685.
857 VS.. $5G6,907 in the preceding fis.
cal period.
Warner Co. registered with the
SEC 137 ,592 common shares of 81
par value to be offered in exchange
for first preferred shares at the
rate OF 6 for l. The Philadelphia
nrm makes construction materials.
American Colortype Co. registered
with the SEC 80 ,221 shares of 4lb%
sou par value cumulative preferred
stock convertible into common on
or before October Is, 1855. Com
mon holders will be given rights to
subscribe for share at par for each
4 shares held.
Standard Oil Co. of Indiana will
reduce its work week to 40 hours
ana raise base pay of all employees
earning not more than $500 a
month 15eo
Standard Oil Co. of Ohio offered
to purchase all assets of Margay OH
Corp. for price reported to be
S4,500. 900.
Evans Products Co. purchased the
Government-owned plant at Plym-
outh, Mich, which was operated
curing the war by Kelsey Hayes
Wheel Co., and will transfer all De-.
trolt operations to Plymouth.
Western Auto Supply Co. mis-
souri, board chairman, D. A. Davis.
retired and sold 100000 shares in
the firm to Gamble Stores. Inc.
which already owned 43,500, and
thus becomes the largest individual
stockholder.