Evening star., 1945-07-20
Business Briefs

Money in Circulation declined 10
S27, sol 100000 on July l8, drop of
$31, 100000 from week earlier, but
$4,370, 100000 above a year ago, the
Federal Reserve Board reported.
There were no immediate explana-
ton for the interruption to the long
expansion.
Gasoline Production increased
moderately in the week ended July
IA, but both civilian and military
stocks declined, the American Pc
troleum Institute announced. Civil
ian grade stocks dropped 821 ,000
barrels to 46,079, 600, while military
and other stocks declined 100000 to
1892 900.
International DetrOla Corp. direc-
tors and the boards of Utah Radio
Products Co. and Universal Corp
approved a proposal to merge, The
3 firms had combined sales of $l32,-
100000 in the last fiscal year and
had $500 stockholders.
Eastern Stainless Steel Corp
stockholders approved a plan tC
acquire Industrial Steels, Inc, by
exchanging 10000 shares for all OF
the 5000 shares of Industrial.
Matson Navigation Co. announced
a $20,000,000 postwar expansion
program. All prewar freighters will
be sold and replaced by feet of &c
new, fast ships of virtually double
the prewar fleets capacity.
Texas & Pacific Railway plans to
Issue S39 100000 OF 37sqo series E
general and refunding bonds to be
sold at 98.6399 and interest was ap-
proved by the ICC. Proceeds vail
help redeem $40,956,0 900 of so bonds.
Pennsylvania Central Airlines'
profit for six months ended June 80
was $411 SAG or 81 cents a share VS..
S66,463 or IA cents in the same 1914
period. June net was $149,468 VS..
$90,884 Traffic and revenues set new
alltime records in both June and
the six months.
Sun Oil Co. earned $11 ,672, ,439 or
$3.67 in six months ended June 80
VS.. $7,787, 1872 or $2.67 year ago.
William Wrigley, Jr, Co. net for
six months ended June 30 was 3d.
163,726 or SLIGO VS.. 3,149,935 or $1.60
in the same 1914 period.
General Electric Co. earned $24. q
1858 or 86 cents in six months
ended June 80 VS.. $40, ,770,700 or 72
cents year ago.
Standard Oil Co. New Jersey
profit for months ended June 80
was $84,000,000 or $307 VS.. $71 ,000,-
600 or $3.50 in the same 1914 period.
Atlantic Refining Co. earned $4,-
964,000 or $175 in 6 months ended
June 80 VS.. $7,526,000 or $2.7l year
ago.
Douglas Aircraft Co., net for G
months ended May 81 was SO, ,299, 600
on sales of $439 ,845, ,000 Figures for
a year ago were not released, but
profit for all 1914 was S7,685, ,227 on
sales of S1,061, ,407, ,485.
Owens Illinois Glass Co. profit
for IL months ended June 80 was
S8,214,224 or $500 VS.. $8,941,1 ,173 or
1886 in the preceding fiscal period.
Endicott Johnson Corp. earned
S2,274,799 or $3.50 in So weeks ended
May % VS.. $2,203 .672 or $4.58 in the
previous year.
Ferro Enamel Corp. net for 6
mOnJnS eDQeQ JUNE 81 was Szol 900
or $i.15 VS.. $200,008 or 86 cents in
the same 1914 period.
Continental Steel Corp. earned
$3.50 SOS or $l.30 in months ended
June 80 VS., $685. $50 or s1.61 year
ago.
Erie Railroad profit for months
ended June 80 was $3,932,721 OF
s1.19 VS.. $3,077, ,354 or "a cents in
first half of 1914.
Pere Marquette Railway net for 6
months ended June 80 was $3,075.-
$50 VS.. 81 ,233,2l2 in the same 1914
period.
Massachusetts, Investors Trust as
sets on June 30 totaled $l84, ,483 ,535
or $25,93 a share, a gain of 1917
over $22.22 a share a year ago.