Evening star., 1946-07-07
Business Briefs
Non.v in CircuIaticr rose IN s2s

sos, 100000 on July 3. gain OF
$3.50, 900 900 from a week earlier anc
81 ,56l 100000 above a year ago
Federal Reserve Board.
Automobile Production in the
United States last week was esti-
mated by Automotive News at AZ
234 units vs. $3.50 in the preceding
week. Combined United States and
Canadian output was placed at As
468 VS.. 67,703. Combined output of
more than 100000 was forecast for
July.
Maryland Factory Employment
decreased 14oo and combined week
ly payrolls declined 7.6eo from April
to May-State Department of Labor
Brokers Loans of New York City
member banks totaled $1,477 900 ,00O
Wednesday, a drop of $l48, 600, ,00o
from week earlier and a drop of
s7O7 100000 from a year ago-Fed-
eral Reserve Board.
Listed Stock Prices on the New
York Stock Exchange averaged
$4799 a share on June 28 VS.. $50.44
on May 81
Pacific Telephone g. Telegraph
Co. expects to raise SLOT 100000 of
new capital this fall through public
sale of $75 100000 of debentures and
an Offering of 328,l25 common
shares to present common and pre-
ferred holders.
Abbott Laboratories, Inc, is re-
ported planning the sale of addi-
tional common stock to increase
working capital and retire 10000
shares of 40 preferred stock
Koppers Co. stockholders approved
issuance of 10000 shares of new
500 par preferred stock already
registered with the SAC. Holders of
present A.. % preferred will be asked
to exchange their shares on share
for-share basis.
Coro, Inc, will offer common
stockholders rights to subscribe for
an additional share for each seven
held. The price is to be determined
shortly before the offering.
American Power e. Light Co. and
subsidiaries earned $7,373, ,704 in the
March quarter VS.. $3,962,008 a year
ago
Public Service Co. of Indiana re-
ported net income of $2,307, ,671 in
five months ended May 81 VS.. 81 ,496,-
ISL in the same 1945 period.
National Pressure Cooker Co.
earned $l,292,923 or $5.l7 share
in six months ended March 81 VS.
1896, SOB or $l35 a year ago.
Industrial Rayon Corp. has leased
$4,000 square feet in a Cleveland
plant formerly occupied by Cleve-
land Graphite Bronze Co. The new
plant viii make spindles and other
parts of spinning machines for
export.
John b. Stetson Co. is negotiating
for the purchase of Mallory Hat Co
Of Danbury. Conn. and plans to
borrow s2,500,0OO to finance the pur-
chase and other expansion.
Tucker Corp, new automobile
company, hopes to begin production
in six or eight months in the former
Dodge plant at Chicago, which has
been leased from the Government
The firms car is a rear-engine
model weighing about 2,190 pounds.
National Cash Register Co. will
erect a History building in Rio de
Janeiro and tWo-story building in
Montevideo.
Waltham Watch Co. announced
watch production was behind sched
ule, but hopes to be turning out
1900 watches day by the end OF
the year.
Chicago & Southern Ali Lines re-
ported revenue passenger miles in
the first half of 1916 totaled 81. .160,-
600. a jump of 8lao from year
ago.
Consolidated Ice Co. elected H.
Stewart Dunn president and H. j.
Wagner board chairman
Radio Corp. named Meade Brunei
managing director of its r. C. A.
international Division. He has been
vice president Of the r. C. A. Vic
tor Division.
Branif Always elected Thomas
H. Lockett vice president. He has
resigned as counselor of embassy at
Bogota.