Evening star., 1946-04-05
Business Briefs

Money in Circulation rose to s27.-
9l2,000,oO0 on April 3, a gain of
S70,000,000 from a week earlier and
S2,047, 100000 above a year ago
Federal Reserve Board.
Automobile Production in the
United States and Canada will total
47,735 units this week VS.. 43,O7O last
week and 1926 in the like l94l
Week-Ward Automotive Reports.
Federal Land Banks Will Redeem
all consolidated Federal Farm Loan
80 bonds on May l. Public offering
OF new consolidated bonds and bank
loans will provide funds.
Amerada Petroleum Corp. stock
holders will vote May 6 on a pro-
posed 2-for-1 split in capital stock.
The new stock is expected to be
placed on a 50 annual dividend
bAsiS. A dividend of 81 was de-
cared, payable April 80. Previous
payments were rs cents.
1nternational Minerals & Chemi-
cal Corp. stockholders will vote Nav
20 on a plan to sell 145 1874 common
shares, previously authorized but
unissued. Shares would be offered
present holders on the basis of one
for each five held.
Electric Boat Co. stockholders will
vote May Is on a proposed stock
dividend on the common at the rate
of one share of new 81 convertible
preferred for each common shares.
Southern Pacific Railroad was
authorized by the ICC to issue S25,-
100000 of first mortgage 81 ID series
@ bonds to finance redemption of
series A bonds around June 13 at
1928 and interest.
General Shoe Corp. declared a
dividend of IS cents a common
share, payable April 30. Previous
payments were 25 cents.
Chicago & North Western Railway
ordered 16 lightweight passenger
cars from American Car & Foundry
Co., at a cost of S1,50O,000.
Montgomery Ward g. Co. sales for
March totaled $78,453, 1923, a gain of
1867 from a year ago; for 2 months
ended March 81, $133 ,684 ,588, an in
crease of 21.49s.
w. T. Grant Co. sales in March
totaled $17,096,75O, a decline of 1.3%
from a year ago; in 3 months, S4O,-
564 1888, a gain of 49,.
II. l.. Green Co. sales for March
totaled S5,779,032. a drop of 8.8Gs
from year ago; for 2 months end
ed March 81, $10,5O1 ,674, a decline
of 2.5fo.
Paramount Pictures, Inc, esti-
mated profit for IL months ended
December % was $17,821 900 or S4.75
a share VS.. S16,488,106 or $4.39 in
the preceding fiscal period.
OhIo Oil Co. earned $13,949, 1922 OF
S2.13 in le45 VS.. 15,0S2,127 or $3.50
in the previous year.
aluminium Co. of Canada, Ltd.
profit for 1945 was $11.591,776 OF
$7.23 VS.. $10.332,3 or s6.38 in 1914
Continent Petroleum Corp
earned $8,062, 1872 or s4.34 in 1e45 VS.
s6,942,o3S or 1914 in the previous
year.
Grumman Aircraft Engineerine
Corp. net for 1945 was $5.7l3,528 OF
S1l.24 VS.. $9,550,001 or $3.50 in 1914
zJohns-Manville Corp. earned S..
099,l73 or s5.72 in 1945 VS.. s5,4762l:
or $3.50 in the previous year.
Superheater Co. net for l945 wa:
sl,360,285 or $153 VS.. $1,51O,982 OF
Site in 1914
Quaker State Oil Refining Germ
earned s1274,762 or s1.37 in 1874:
vs.. s1,149,4S0 or $124 in the pre-.
vious year.
Graham-Paige Motors Corp. profit
for sl845 was estimated at sliphtl,
more than s1,000,o 900 VS.. a revised mel
OF $1,827 ,305 for 1914.
Miami Copper Co. earned s1,025..
2SSo $1.37 in 1945 VS.. s7l4,437 O,
So. cents in the previous year.
Dresser Industries, Inc, reported
a deficit of $516,574 for 3 months
ended January 81 VS.. profit of s735,-
l23 or S1.62 a year ago.