Evening star., 1945-10-05
Business Briefs

Money in Circulation expanded tC
s27 1853 100000 on October 3, a gain
of S124, 100000 from a week earlier
and $3,972 ,0O0,000 above a year ago
the Federal Reserve Board an
nounced.
Otis & Co. filed an offer in United
States District Court at Philadelphia
to purchase the entire capital stock
OF Pullman Co. for around $75,-
100000.
Consolidated Cigar Corp. regis
tered with the SEC 100000 of 90
year 314 % debentures to finance re-
demption of $475 cumulative pre-
ferred stock at 10215.
Columbus & Southern Ohio Elec-
trio Co. registered with the SEC
l33,745 shares of 500 par value
cumulative Az % preferred to be Of
fered in exchange for SO and 61a %
preferred on share-for share basis
Kaiser-Fraser Corp. will start pro-
duction at the Willow Run plant
about October Is and hopes to turn
out 10000 cars monthly by early
summer.
Niagara Hudson Power Corp. and
Buffalo, Niagara & Eastern Power
Corp. received SEC approval of their
amended reorganization plan.
F. w. WOolworth Co. sales for Sep
tember totaled S35,731 ,42S, a drop
of 1870 from a year ago; for
months, s322,034, ,176, a gain of 3.4qo.
McCrory Stores Corp. sales for
September totaled $5,126,O13, a de-
cline of 1870 from year ago; for
months, $47,973,644, a rise of 50.
Champion Paper & Fibre Co. and
subsidiaries reported profit of $527,-
044 or SO cents share in Is weeks
ended August 10 VS.. $611, ,435 or 73
cents in the same 1914 period
Marine Midland Corp. earned S3,-
262, 200 or 81 cents a share in 8
months ended September 80 VS.. So
310,551 or So cents year ago.
Great American Industries, Inc,
profit for 6 months ended June 80
was $3.50, ,224 or go cents VS.. SITS, ,446
or 79 cents in the same 1914 period.
United Electric Coal Companies
earned 1904, 100 or $1.65 in II months
ended July 81 VS.. 1887 ,208 or $1.53 in
the previous year.
New York Telephone Co. net for
8 months ended August 81 was $18,-
513,A84 VS.. $17,868, 1922 in the same
1914 period
Illinois Bell Telephone Co. earned
$7,249, $40 in months ended August
81 VS.. $780,, ,629 a year ago.
Standard Oil Co. of Ohio will
purchase substantially all assets of
Garfield Oil Co. under a merger
plan approved by directors of both
firms. Garfield holders will vote
late this month.
Crown Cork g. Seal Co. declared
a dividend of so cents common
share, payable November Is. Pre-
VionS payments were Is cents.
Franklin Stores Corp. declared a
quarterly dividend of IS cents a
common share and an extra of S
cents, both payable October %,
raising 1916 payments to IS cents VS..
25 cents for all of 1914.
Chemical Bank 81 Trust Co. stock
holders will vote October 81 on a
plan to increase capital stock from
$4,000, 900 to $25, 900, 900, distribute a
stock dividend.
Continental Can Co. will begin
construction of large general line
plant early next year on a site ac-
quired from Carnegie Illinois Steel
Corp. 10 miles southeast of Pitts
burgh.
Union Pacific Railroad was au-
thorized by the ICC to issue and
sell $8l ,602 900 of series B refund
ing mortgage bonds at 1o3.3599 and
accrued interest for refunding pur-
poses.
Seaboard Air Line was authorized
by the ICC to issue $3,810,000 of
equipment trust certificates to help
finance purchase of IA Diesel loco
motives and 80 steel passenger cars.
American Water Works e. Electric
Co. elected Gilbert W. Chapman vice
president and ]. Lee Rice, jr, treas
urer.