Evening star., 1945-03-16
Business Briefs

Money in Circulation set another
new record of $685. 100000 on
March IA, gain of $24,000, 900 from
week earlier and S4,872 600, ,00C
above q year ago, the Federal Re-
serve Board reported.
Stock Issues Up to S30O,000 coulC
be sold without SEC approval under
a rider tackled to the FILA bill pass
cd by the Senate and sent to the
House. The SEC indicated a will
lngness to give the proposal trial
Secondary Distribution of 369,97;
shares of new Louisville & Nashville
Railroad Co. $50 par value capita
stock was offered on a when-issueC
basis by Morgan Stanley & Co. al
$3.50 a share with a dealers dis;
count of ST.. The shares were pur.
chased from Atlantic Coast Line
Railroad which owns 51Go interest
L. & N. will split its stock 2 for l
A. G. L. will use proceeds to retire
100000 of collateral trust As.
Missouri ri-Kansas-Texas Railroad
proxies received SO far indicate &
very encouraging" trend for the
management in its fight with q
roup of Miami. Fla, stockholders
aid President Matthew S. Sloan.
International Telephone & Tele-
raph Co. reached an agreement fol
ale Of its interest in Spanish Tele-
,hone Co. to the Spanish govern
lent. The deal involves more than
$1,000 900.
Edward G. Budd Mfg. Co. declared
dividend of Is cents common
hare, payable April 6, first common
jividend since 1880.
Kansas City Southern Railroad
declared a dividend of so cents or
% noncumulative preferred, pay
able April Is. Two payments OF
il each were paid last year.
Port of New York Authority plans
an early refunding of it's outstand-
ing $28.422.000 sixth series general
and refunding bonds through sale
Of a new issue of $12,000,000 bonds
I bank loan of S14,000,000 and use
f cash on hand.
Net Railway Incomes for January
nd a year ago: Santa Fe, $4,362 ,42t
5. So, ,355 $685. Northern Pacific, $685..
80 VS.. s4S5,9e7; Gulf. Mobile &
Ohio, S212,732 VS.. $237, 1893.
E. /. du Pont de Nemours & Co
rned S80,870, LOG or Sc go a share il
"A VS.. S69,706,8l or $3.50 in 1943.
Borden Co. net for 1914 was 50,
1894 or $2.35 VS.. 50 ,405, ,705 or S2.1'
the previous year.
Climax Molybdenum Co. earned
455 ,426 or 1886 in 1914 VS.. SO, ,633,
/ or 1882 in 1943.
Armstrong Cork Co. net for 1874
S s4,218,99 or $2.84 VS.. $3,667 ,02
S245 in the previous year.
United Air Lines earned Sc 6,6t4 ,99
1919 in 1914 VS.. $4,203 ,276 or $2.1;
1e43.
Lerner Stores Corp. net for l
nths ended January 81 was So,
I1,464 or $1.62 VS.. 81 2,029 ,045 or SIS
/ the preceding fiscal period.
Columbian Carbon Co. earned So,
1885 or $5.91 in 1914 VS.. So, LOG, IA
r $5.78 in 1943.
National Fuel Gas Co. net for 1874
was $3,087 ,679 or 81 cents VS.. So,
.,88, 100 or 86 cents in the previou
year.
Combustion Engineering Co. earne
S1,353,612 or $8.74 in 1914 VS.. 81 ,294,
TOT or So SO in 1913.
Brunswick Bake Collender CO
net for 1914 was 81, 1,343,72 or $2.7
VS.. l,349, 1926 or $2.73 in the previou
year.
Westvaco Chlorine Products Corr
earned 81 ,073 ,632 or S204 in 1914 v:
$1,176,5 or $3.50 in l943.
Graham Paige Motors Corp. re
ported its subsidiary, Warren Cit
Mfg. Co., increased February ship
ments 1907 over the 1914 peak Sc
in December.
Pacific Gas & Electric Co. aske
SEC exemption from provisions @
the Holding Company Act in sale Q
$50, ,000, 900 of 3%o bonds to hel
finance redemption of $84, 1873 90
series g 40 bonds at los.