Evening star., 1945-04-20
Business Briefs
Money in Circulation set anot

Money in Circulation set anothe,
new record of $26,068 900 900 or
April 1e, gain of $129, ,OOO, 900 from
week earlier and Saba, 900 OO(
above year ago, the Federal Re.
serve Board reported. Gold stock
totaled $20,396 100000, a drop Of
,OOo,OO0 from a week earlier ano
sl,073,00O, below year ago.
Cotton Spinning Operations ir
March were at 121.8?o of capacity VS.
l22.2% in the previous month ano
1880 a year ago, the Census Blu.
reau announced.
Minority Stockholders desiring te
file suit against company in Penn
sylvania must own SO or more OF
the stock or post bond to cover the
company's court costs, under a new
State law signed by Gov. Edward
Martin.
Houston Oil Co. of Texas will re.
deem on July l the remaining Is.
year 4A% debentures, of which ST..
$4,000 were outstanding on De-
cember 81.
Lehigh Portland Cement Co. will,
redeem on June l all outstanding
AZ cumulative preferred stock at III
and accrued dividends.
Thompson Products, Inc, stock
holders will vote May 7 on proposed
issuance of $4,000 new preferred
shares with a dividend rate not to
exceed 40. Proceeds would be used
to refund $4,000 SO preferred shares
and increase working capital.
Richmond Radiator Co. stock
holders authorized 100000 of ad-
ditlonal common stock to be offered
present holders at SO a share for
expansion purposes.
International Business Machines
Corp. earned $2.517,637 or S2.20 a
share in the March quarter VS.. 81
494,829 or $229 a year ago.
William Wrigley, Jr., Co. net for
the March quarter was s1,557,725 or
79 cents VS.. S1,543,952 or 78 cents in
the same 1914 period.
Gulf Oil Corp. earned S42,075 513
or $4.64 IN 1914, before renegotia-
ton, VS.. s2e ,301 ,O53 or 1928 in 1s43.
Mission Corp. net for 1914 was
$2,180,800 or $1.59 VS.. s1,S4S, ,OS0 or
sl.a4 in the previous year.
Chesapeake & Ohio Railway
earned $6,637 ,484 or 81 cents a
share in the March quarter VS.. So
906,610 or 80 cents a year ago.
Louisville e. Nashville Railroad
net for 2 months ended February
% was $3.50, ,487 or $153 VS.. $2,957,-
1893 or $1.26 in the same 1914 period
The road called Sill 1,827 900 of L. g.
N.-Southern 'Monon" collateral
joint 40 bonds on July at los and
interest.
Republic Steel Corp. earned s3,.
084,548 or 46 cents in the March
quarter VS.. $2,216.611 or 80 cents a
year ago.
Atlantic Refining Co. net for the
March quarter was 2,707 900 or 96
cents VS.. $4,159, 900 or $1.51 in the
same 1914 period.
Commonwealth & Southern Corn,
earned $3,822, ,421 or $2.58 a pre-
ferred share in the March quarter
VS.. $3.50 800 or $2.26 a year ago.
Kimberly Clark Corp. net for the
March quarter was S702,l73 or go
cents VS.. $708,210 or $1.1A in the
same 1914 period.
Continental Baking Co. earned
$656, ,314 or 16 cents in 13 weeks end
ed March 81 VS.. $815,220 or ~ cents
q year ago.
Colorado Fuel & Iron Corn. net
for 8 months ended March 81 was
$1ys24,025 or 1928 VS.. $1,189, ,166 or
$2.l1 q year earlier.
North American Rayon Corp.
profit for IL weeks ended March "a
was $408, 1856 or 76 cents VS.. 1891 ,947
or u cents in the same 1914 period.
Van Raalte Co. earned $l88, ,106 or
66 cents in the March quarter VS..
$l76,837 or $1.18 year ago.
West Electrical Instrument Corp.
declared dividend of 40 cents, pay.
able June II. Previous payments
were so cents.