Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-05-11
Business Briefs

Gold Stock of the Nation on May
9 totaled $40 1852 900 900, a decline of
S2200000 from a week earlier and
81 ,023 100000 below year ago the
Federal Reserve Board disclosed.
Money in circulation totaled S26,-
3l2,000,000. a gain of sl08,000,0 900
from week earlier and 81 ,587, 000,-
coo above a year ago.
Steel Production in April totaled
7,308,579 tons VS.. 7,707,965 in
the previous month and 1888 ,688 a
year ago, the American Iron & Steel
institute revealed.
Denver G. Rio Grande Western
Railroad reorganization plan drafted
by the ICC was termed inherently
lnequitable and unfair" in a deci-
sion by the United States Tenth
Circuit Court of Appeals reversing
Federal District Court approval of
the plan.
Sterling Drug, Inc, stockholders
will vote June IA on proposed capt.
tai changes involving new pre-
split in common stock.
Great Northern Railway declared
a dividend of S1.50 on preferred
stock. payable June 81. The road
has paid 81 dividends in June and
December for years.
City of Baltimore awarded $14,-
$4,000 of various bonds held in it's
sinking fund to Bankers Trust Co.
and associates on a bid averaging
132.5389. Reoffering was at prices
to yield from AZ to 13co.
Western Union Telegraph Co.
earned 1882 ,483 or S193 a share
on class A stock in the March
quarter VS.. S1,78l, 314 or SLAB a class
A share year ago.
Celanese Corp of America report
ed profit of S1,968 587 or 81 cents a
common share in the quarter VS..
Sl.850l01 or 80 cents in the same
1914 period.
Briggs Mfg. Co. earned $1,131 ,234
or So cents in the quarter VS.. 81 AL
299 or IA cents year ago.
Mack Trucks, Inc, profit for the
quarter was $672,299 or Slip VS..
$685. 30 or Sill in the same quarter
last year.
Ex-cell-o Corp. net for the quar-
ter was s477,415 or $120 VS.. S484 ,978
or S1.2l in the same 1914 period
Square ID Co. earned S446,376 or
S1.0l in the quarter VS.. $498, 433 or
$1.13 year ago.
National City Lines profit for the
quarter was S218,345 or 80 cents VS..
$287,581 or 48 cents in the same
1914 period
Liquid Carbonic Corp. earned
S138,662 or ID cents in the quarter
VS.. $4,000 or 20 cents a year ago.
Lane Wells Co. net for the quar-
ter was $4,000 or "a cents VS.. $107,-
400 or 30 cents in the same period
last year.
Great Northern Paper Co. earned
1859 1858 or 81 cents in the quarter
VS.. $448, 426 or As cents year ago.
McGraw Electric Co. profit for IL
months ended March 81 was $751;
626 or SLIT VS.. S1,026,082 or SIT
in the previous year.
Hunt Bros. Packing Co. earned
s619,177 or $377 in IL months ended
February % VS.. 1887, or $223 in
the preceding fiscal period.
Eureka Vacuum Cleaner Co. stock
holders will vote May % on merger
with Williams Oil-o-matic Heating
Corp.
International Harvester Co. sales
in 6 months Of the 1945 fiscal year
were 11.5To above a year ago. The
firm expects. to spend $l00, 000, 900
to Sl5o,00o,0oo on postwar expan-
sion.
J. c. Penney Co. sales for April
totaled $40.168, 1853, a decline of
1880 from year ago; for months,
Sl59,654 .269. a gain of 1885,.
Pennsylvania Central Airlines APP
pointed William D. Ord regional
ground operations supervisor for the
eastern region. with headquarters
here.