Evening star., 1946-05-10
Business Briefs

Money in Circulation increased
$7O,0OO,OO0 during the week ended
May 8, the Federal Reserve Board
reported
Department Store Sales through
out the United States increased %
per cent during the week ended
May over the corresponding period
q year ago.
Output of Steel Ingots and steel
for castings in April was 5,876,998
net tons, compared with 6,507,047 in
March and 1921 1926 in April, 1945.
The industry operated at TIT per
cent of capacity last month, against
1873 per cent in March, and 92.S per
cent year ago.
Aviation Corp, showed net profit
of IS, 5,746,8 ,846, equal to SO cents, COM
pared with $3,147 ,005, or 54 cents
in the preceding fiscal year.
Paramount Pictures, Inc, re-
ported quarterly earnings at SILL
$4,000, equal to $500 a share.
United Corporation, has asked
the SEC for permission to sell
maximum of $4,000 shares of capital
stock of the United Gas Improve
ment Company for cash on the
New York stock exchange.
/. Retail Sales for the Nation this
week rose slightly above the pre-
ceding week and were 81 to 25 per
cent over the corresponding week
a year ago, Dun & Bradstreet re-
ported today.
American Public Service Co. and
Central and South West Utilities Co.
merger plan has been approved by
the Securities and Exchange Com
mission. Both companies are sub
salaries of the Middle West Corp
Burlington Mills Corp. reported for
profit of S5049, ,983, or S273 COM
mon share, compared with $2,398, ,725,
equal to $1.30 a share in the like
period year ago.
: Charles Pfizer & Co. have declared
a quarterly dividend of so cents
share on common, payable June S
to stock of record May %, an in
crease of 25 cents over previous
quarterly disbursement.
Barium Steel Corp. stockholders
have approved merger with Central
Iron and Steel Co.
Hartman Ripley & Co. head a
group offering $13,000,0OO first mort
gage "a per cent bonds, due 1876,
of Central Maine Power Co. at 102
and accrued interest.
First Boston Corp. offered 373,o32
shares of Central Maine Power Co.
common stock at $28 a share.
Creole Petroleum Corp, sub
sidiary of the Standard Oil IN. j.,
reported today first quarter earnings
of S24,000,000, equal to 80 cents
share. compared with $18,O00,000 or
go cents a share in the similar 1945
period.
Gasoline Stocks in the week ended
May were 9S,548,O00 barrels, de-
cline of 1888 900 from the 99,631 900
barrels in the preceding week
Association of American Railroads
estimated today that railroad oper-
ating revenues declined 28.8 per
cent in April, compared with the
same month of 1945. Freight rev.
enues in April were 325 per cent less
than in April, 1945, while estimated
passenger revenues were down ia
per cent.
Parke Davis & Co. reported net
profit of $500 ,297, equal to $1.80
share, against S7,570,680, or Sl.55
share in the preceding period.
Norwalk Tire & Rubber Co. re-
ported six months net profit of
s$220,196, or $10l a common share.
against $l16,987, equal to so cents a
share in the like l945 period.
Sunray Oil Corp. reported quar-
terly net of S448,283, equal to 13
cents4a share, compared with s413,-
s823, or IL cents share in the 1945
first quarter.
Plan for liquidation and dissolu-
tion Of Electric Power & Light Corp.
was filed today with the Securities
and Exchange Commission by Elec-
Wig Bond and Share Co., the parent.