Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-03-08
Business Briefs

ncS~u ArAue III tQe last week was
above the preceding week and aver
aged 1870 to l7R above year ago
Dun g. Bradstreet.
Money In Circulation rose to S27.-
$4,000 900 on March 6, a gain of
SIG, 900 900 from a week earlier and
s2.093 100000 above year ago-Fed-
eral Reserve Board.
Commercial Loans of large New
York banks have been expanding
since last August and jumped an
other $4,000, 900 in the week ended
March 6 to reach $2s76,00o 000-
Federal Reserve Bank of New York,
Automobile Production in the
United States and Canada totaIed
23,050 cars, trucks and buses this
week VS.. 17,575 last week-Ward's
Automotive Reports.
Mercantile Stores Co. declared a
quarterly dividend of Is cents a
common share, payable March Is.
The new rate Is equivalent to $40 a
year on old stock split 10 for / in
December.
Mead, Johnson g. Co. declared a
quarterly dividend of IS cents and
an extra of cents common share,
payable April /. The stock was re-
Gently split 10 for /. Payments on
old common last year totaled Sc.
General Foods Corp. annual re-
port revealed plans for a s17,000,-
600 expansion program, including
SA.0O0,000 for quick-freezing plants.
E. w. Bliss Co. stockholders will
vote April ! on proposed issuance of
1000 shares of $225 convertible
preferred stock to finance expan-
sion.
Pacific Gas e. Electric Corp.
earned $21 ,952,014 or $2.16 a share
in 1s45 VS.. $22,037 1899 or s2.ls in
the previous year.
Niagara Hudson Power Corn, con-
solidated net for 1945 was $8,146, 900
VS.. $3.50, 900 in 1914.
Western Union Telegraph Co.
earned $4,434,505 in l945 after
charging retroactive wages for that
year. Net for 1914, restated for
comparative purposes to include
retroactive wages, indicates a def
cit of $4,000.
Crucible Steel Co. reported net
addition of $4,813, 1897 to earned sur
plus in 1945 after special items
credited or charged of for the year.
Before the special items, net loss
was s1,565,847 Profit for 1914 was
$3,926,8s3.
Northern Natural Gas Co. net for
1945 was $4,000 ,644 or 81 a share VS..
$3,764,127 or $3.71 in 1914.
Congoleum- Marin, Inc, earned ST.
617,2l4 or $130 in 1945 VS.. $1,843 .283
or $l.48 In the previous year.
Moore Corp, Ltd, profit for 1945
was 81 ,602, 140 or $3.12 VS.. $1,507,O52
or $298 in 1914.
International Silver Co. earned
$l,277,973 or $l0.18 in 1945 VS.. ST.
45l ,264 or $12.07 In the previous year.
Joy Mfg. Co. net for three months
ended December 81 was $500, 800 or
Sc cents VS.. S176,655 or as cents in
the same 1914 period.
Marlin Rockwell Corp. earned
81 1893 ,802 or SAIL In 1945 VS.. ST.
279.7o5 or $3.77 in the previous year
Arden Farms Co. net for 1945 was
s1.2l8,911 VS.. $1,1l4,181 in 1914.
American Snuff Co. earned ST.
034,357 or $1.84 In l945 VS.. $1,154,47l
or $2.12 in the previous year.
Cream of Wheat Corp. profit fol-
1945 was $1,019,333 or $1.70 VS.. ST.
OBS, 1924 or $l.73 in 1914
Gardner Denver Co. earned s877,-
414 or $1.39 in 1945 VS.. $1,0O5, 947 O,
$l.62 in the previous year.
American Colortype Co. profit fol-
1945 was SAC, 023 or $2.26 VS.. 1894,
604 or $2.21 in 1894.
Montgomery Ward & Co. sales In
February totaled SIS ,230, 760, a gain
of 1880 from year ago.
J. C. Penney Co. sales for Febru-
airy totaled $37, ,045, gain OF
$50 from a year ago; for months
$73,94l,153, an increase of $50.