Evening star., 1945-06-22
Business Briefs
,rjvate CAPITAL Expenditures

Private Capital Expenditures in
the fiscal year starting July l are
expected to set a record of S4,500,-
600 900, the Commerce Department
reported after a survey of nearly
1000 firms. The outlay for new
equipment and alterations would be
from 1887 to mid-l940.
Money in Circulation rose to s26,-
100000 on June 20. gain of
only S3000,000 from a week earlier,
but S4243,O00O 900 above a year ago,
the Federal Reserve Board disclosed
Gasoline Stocks of civilian grade
'otaled 46,370000 barrels on June l6
VS.. 47031 900 a week earlier and
47269 900 a year earlier, the Ameri
can Petroleum Institute announced
New York Stock Exchange Will
Close on Saturdays during July and
August and on September !, the
Saturday before Labor Day. the
Board of Governors decided. The
Curb Exchange and Security Deal
erS' Association took similar action
Crosiey Corp. stockholders were
informed by Powell Crosley that he
would offer stock in Crosley Motors
Inc, at IS a share and would ac-
quire all unsold shares himself
Warner Bros. Pictures, Inc, ar.
ranged 10-year bank loan for $37,
100000 to help finance retirement
Of a S17000,000 bank loan and arounc
s2l 100000 of mortgage debt. Profit
for s months ended February "a
was S4.605, ,066 or 1924 share VS.
"a cents year earlier.
Jacob Rupert, New York brewing
firm, registered with the SEC 80, $50
preferred shares and 100000 common
shares, first public offering in the
company's history. Proceeds from
the preferred will be used to retire
SO debentures. The 5 stockholders,
who will offer the common. include
he estate of Jacob Rupert.
Household Finance Corp. registered
With the SEC Sl5,OOO.OO0 or 2&4 %
debentures to finance retirement OF
hank loans
Hearn Department Stores called
its 10000 shares of 60 preferred for
redemption August l at 553a.
Pennsylvania Railroad earned Sl8,-
360,0G7 or s1.39,a share in months
ended April 80 VS.. S18 1872 1858 OF S1,3e
year ago.
Union Pacific Railroad System net
for 5 months ended May 81 was
s15.662, 300 or $500 VS.. S13652, ,l25 OF
$3.50 in the same 1914 period.
Erie Railroad earned $3,109.896 OF
~ cents in 5 months ended May 81
VS.. S3,200,095 or 96 cents a year ago
New York, Chicago g. st. Loui.
Railroad net for months ended
May 81 was s5,510.721 or S1528 E
preferred share VS.. $296i .95l Oh
s82l a preferred share in the same
1914 period
Chicago, indianapolis & LOuisvilI,
Railroad plan for reorganization wa:
approved, as amended, by Fedora
Judge Michael L. Igoe at Chicago.
Adams Express Co. and American
International Corp. purchase 25,00t
common shares of Joy Mfg. Co. from
Chess Lamberton was exempted b,
the SEC from Investment Ac
provisions prohibiting transaction.
among affiliates.
Bowman-B -Biltmore Hotels Corp
ui CLtolo dPp1ONCu n pidlI W Gull
vert 66,024 shares of 7Go first pre-.
ferred into 396,144 common shares
at the rate of for !, convert 1876 ,944
shares of second preferred into 3d.
Sal III common shares at the rate
of for 31a, and convert 399 1888 ole
common shares into 57,O47 At new
common shares at the rate of for 7
TilO Roofing Co. called for re-
demption on September Is all 25,0OC
shares OF $l.40 convertible preferred
at the call price of 27 plus accrued
dividends. Funds will come from
working capital.
Chicago, Milwaukee, st. Paul &
Pacific Railroad ordered 30 addi-
tional Diesel electric locomotives
snd all are expected to be in service
IN October.