Evening star., 1945-06-15
Business Briefs
Money in Circulation set ano,

Money in Circulation set another
record of S26, ,533 900 900 in the week
ended June 13, gain Of $4,000, 900
from a week earlier and $4 ,0o0,-
600 above year ago, the Federal
Reserve Board disclosed.
Gasoline Stocks of civilian grade
declined to 47,031 900 on June 10.
compared with 48,642,000 a week
earlier and 48,162.000 a year ago,
the American Petroleum Institute
announced.
Steel Ingot Capacity of the Nation
now stands around 95,000,000 tons
a year with wartime expansion vir-
tually complete, the WPB declared.
Expansion since November. 1910. has
been almost equal to the entire steel
industry of the British Isles.
Postwar Government Expenses
will be 2 or times larger than the
average for 10 years preceding the
war, predicted Brig. Gen. Leonard P.
AyreS, economist of the Cleveland
Trust Co.
Carnegie Illinois Steel Corp. will
increase capacity for cold-reduced
tin plate products at Chicago and
Pittsburgh by $4,000 tons annually
as soon as materials and labor are
available. Blast furnaces at Gary
and South Chicago will be rebuilt
and enlarged.
Northrop Aircraft received $25,-
100000 airplane contract that will
require peak production through
1916. 1t was the first major plane
order for any major United States
firm since We day Northrop makes
the Black Widow night fighter.
Diamond Shoe Corp. stock control
will be purchased by a group headed
by Wetheim & Co. and Lehman
Brothers, and including Schiff Co..
, Diamond will be merged with it's
subsidiary, A. S. Beck Shoe Corp.
Philip Morris & Co. earned S.
803 ,625 or S594 a share in II months
ended March 81 vs. Sc ,650,664 or S5.81
in the previous year. Il
American Power & Light Co. net
for 1914 was $14,9n, ITO or s8.41 a
preferred share VS.. s15,09O,55o OF
S0,51 a preferred share in l943.
Radio Keith Orpheum Co.p'
earned 1,141,0 ,044 or 33 cents sarcb co
mon share in 13 weeks endeo Mat aear s
81 VS.. s1,557, ,4O4 or 48 Genus ~
ago. ..orbolders
Sterling Drug, Inc, stoekmoiaers toe ooo e,ar:
oor,nal ian to issue 125,oo0 new
aLit appi oveG d Ipares p and split the COM
mon p.h,shem .Jr n steel Corp: will spend
oetninnf nnn for expansion of its
SIo OOoueo OO'ue point, Md plant. Mesta
Spaii;,e Co. was awarded an order
Macitn tandem cold mill to cost several
,,o;llion nj dollars.
Alas Corp. purchased $4,000 COM
mon shares OF Walt Disney Pro-
auctions from the firms treasury
for $40 a share and acquired the
right to buy another $4,000 shares
Of treasury stock at $3.50 up to the
END of 1949.
Delaware e. Hudson Railroad was
authorized by the ICC to merge the
Albany & Susquehanna. Stock
holders approved the plan June 7.
F. L. Jacobs Co. will construct a
new plant at Danville, ILL.,, for the
manufacture of auto cushions, seats
and back springs, all new products
for the firm.
Ecko Products Co. acquired 99%
of the stock of Massillon Aluminium
Co. and will concentrate cooking
utensil manufacturing at its plant.
tennessee Gas e. Transmission
Co. was authorized by the FPC to
pipe 6O,00000 additional cubic feet
OF natural gas daily into the Appa-
lachlan area as a war emergency
measure. Five new compressor sta
tions to be built by DPC and other
new facilities were authorized.
Falrchild Aircraft Division at
hgerstown. Md, announced its
army contracts for the C-82 cargo
plane had been doubled and changed
W a fixed price basis.
Alngs County Lighting Co. called
m retirement on July / all of its
'sano 6a% first mortgage bonds.