Evening star., 1945-05-18
Business Briefs

Money in Circulation jumped tx
$26, ,372, ,000, 900 on May 16, a further
gain of $50 o,00o, 900 from a week ear.
lier and $4,526, 900 600 above a veal
ago, the Federal Reserve Board re.
ported.
Cash Dividends announced in Apri
totaled s298, ,000. 900, q drop of 3.1%
from $307 100000 a year ago, tn,
Commerce Department announced
In 4 months of this year they wer,
1.7re above year ago.
Packard Motor Car Co. announced
new models would be available to tn,
public by October and November ant
scheduled production of $4,000 tt
10000 for the first postwar year.
Aluminium Co. of Canada received
cancellation from the Unite.
States slashing an aluminium orde
placed in March from 250,000, ,00(
pounds to 100,0o0,000 pounds.
Gimbk Brothers, Inc, sold S25,
100000 of 16,year 80 sinking funt
debentures to Equitable Life Assur
ance Society.
City Stores Co. offering of 100, 90,
common shares was marketed at 13
Michigan Bell Telephone Co. viii
not have to rebate $3,500,000 to 1874.
customers, the Lansing Circuit
Court decided in invalidating {
State Public Service Commission
order.
North American Co. and subsidia.
ries earned $5,091, ,579 or 48 cents Z
share in the March quarter VS.. $4,.
s25, 1872 or As cents a year ago.
Pennsylvania Railroad net for thu
quarter was $40, ,631 ,907 or 81 cents VS.
s15,263, ,9o1 or s1.16 in the same 1914
period.
Reading Co. earned $1,s76, 1866 o,
"a cents in the quarter VS.. 50, ,347, ,66s
or $1.18 year ago.
Seaboard Air Line Railway net TO,
the quarter was $1,466,411 in the
quarter VS.. $2,76s, ,109 in the same pc.
riod last year.
Pullman, Inc, profit for the quar-.
ter was $2,433,747 or rs cents VS.
$685., ,187 or 81 cents in the same
1914 period.
Noranda Mines, Ltd, earned $2,.
380.147 or $1O6 in the quarter VS.
$685., ,627 or $1.04 a year ago.
United StateS Freight Co. net fol
the quarter was $188 1856 or So cent.
VS.. $86,l97 or % cents in the sam.
seaboard Oil Co. of Delavar,
earned $738,271 or 60 cents in thu
quarter VS.. $454,7 ,726 or 81 cents 3
wear ago.
Industrial Rayon Corp. profit fol
the quarter was $455, lot or IS cents
after dividends on preferred nov
outstanding, VS.. $402, 1853 or 5S cent.
in the same period last year.
Puget Sound Pulp e. Timber Co
earned $295, ,295 or IS cents In tn,
quarter VS.. $133,245 or IS cents !,
year ago.
Pennsylvania Glass Sand Corr
net for the quarter was $131 $40 o
20 cents VS.. $134,586 or 30 cents IL
the same 1914 period.
Delaware e. Hudson Railroaa
earned $521 ,299 in the quarter VS.
$1,774, ,046 year ago.
Florida East Coast Railway ne
for the quarter was $685., ,192 VS.. 81,
204, 4,448 In the same 1914 period.
Joy Mfg. Co. stockholders author
lied q debt up to 5000, 900, o
which about $500 900 was ear
marked for purchase of $500 share
Of Sullivan Machinery from Adam
Express. An increase in capital stocl
from 100000 to 1000, 900 shares ais
was approved.
Houdaille- Hershey Corp. in tn
first postwar year expects bushes
50% to 1909 larger than in q goo'
prewar year, President Charles Get
ler told stockholders.
American Safety Razor Corr
completed plans to expand plants Il
Brooklyn, Hoboken and London.
Richmond Radiator Corp. &C
quired the General Ceramics CO
plant at Metuchen, N. J.