Evening star., 1945-09-07
Business Briefs
Money in Circulation totaled 9

Money in Circulation totaled S27,-
750,000,000 on September 5, a gain
OF Sl50,000,000 from a week earlier
and $4,318,000,000 above a year ago
reported the Federal Reserve Board
Electric Power Consumption rose
to 4,l37 ,3l3 900 kilowatt hours in the
week ended September /. compared
with 4,l16,049, 900 in the preceding
week, but was $50 below 4,414, 1885,
10000 in the like 1914 week, the
Edison Electric Institute announced
Freight Loadings in the week end
ed September totaled 800, ,439 cars
a gain of 81 from the previous
week, but 4.1eo below a year ago
the Association of American Rail-
roads disclosed.
Minnesota Power & Light Co. was
authorized by the SEC to issue $685.
100000 of first mortgage bonds and
sell privately s6,0000O0 of seria'
notes for refunding purposes.
Western Light e. Telephone Co
was authorized by the SEC to issue
and sell publicly s6,200,000 of first
mortgage 30-year bonds at 101 90
for refunding purposes. Harris, Hal
d Co. heads underwriters.
Maquire Industries, Inc, stock
holders authorized borrowing of ST.
100000 from Cleveland and Dallas
banks with the firms Texas anC
Kansas oil properties as security
Murray Corp. of America reg
istered with the SEC 104,5 500 shares
of 49o cumulative preferred stock
to be offered at so to common hold
ers at the rate of II preferred shares
for each 100 of common held.
Johns-Manville Corp. started con-
struction of a new research center
near Bound Brook, N. j., as the first
step in s40,000,000 expansion pro-
gram.
Hercules Powder Co. purchased
the nitrocellulose plant in Parlin,
N. j., from the Government and will
use 1t to increase cellulose acetate
output.
Crucible Steel Co. will increase
production of railway car springs at
the recently acquired Pittsburgh
Spring G. Steel Co. plant. Equipment
is being transferred from the works
at McKees Rocks, Pa.
Symin gton-G Gould Corp. an
nounced a S1,000,OO0 rehabilitation
and building program would start
soon. 1t will include a new office
building.
Newport Industries, Inc, signed
contracts with Stone g. Webster En-
gineering Corp. for construction of a
rosin and turpentine plant at Oak
dale, Pa. to cost more than ST.
100000.
Ashland Oil e. Refining Co. will
take over the s6,000,O00 aviation gas.
oline plant at Leach, KY. from the
Government. It will make high oc.
tame gasoline for civilian use.
Lerner Stores Corp. profit for the
first half of 1945 was $l,428, 1929 OF
$1.13 a share VS.. $1,229,47l or 9e
cents in the same 1914 period. July
sales totaled $6,525 ,043, a drop OF
1.69o for a year ago.
New York Telephone Co. earned
s16,427,361 in months ended July
81 VS.. s15,74o,224 a year ago.
National Department Stores Corp
earned s846,173 or $1.60 a share in
6 months ended July 81 VS.. $757,
or $145 a year ago.
Sears, Roebuck & Co. sales for
August totaled $72, 1853, ,785, a drop OF
1870 from year ago; for 7 months
ended August 81, S540, ,264, ,055, a gain
of 40.
F. w. WoolwOrth Co. sales for Au-
gust totaled $35, ,787 ,6S7, a gain of
1.4% from year ago; for months
$286, ,302, TAT, an increase of 4.25%.
w. T. Grant Co. sales in August
totaled s12,942,482, a drop of 6.2%
from year ago; in months, $780,
193.667, gain of 6.8%o.
Kroger Grocery & Baking Co. sold
its Omaha meat-packing plant to
Kinean & Co. of Indianapolis, but
will keep plants at Columbus, Ohio,
and Scots Bluff. Nebr.