Evening star., 1946-02-08
Business Briefs

Money in Circulation expanded to
s27 ,929 900 900 on February 6, gain
Of $15,O00,000 from a week earlier
and s2,51s, 100000 above a year ago,
the Federal Reserve Board an
nounced.
Food Industries Were Shocked by
President Truman's plan to cut
down American food consumption
to aid Europe, declared Paul Willis,
president of Grocery Manufacturers
of America, Inc. 1--WE feel that we
are entitled to more advance in
formation before such drastic steps
are TAKEN" he said.
American Exchanges Will Close
Tuesday for Lincoln's birthday. Va
rious livestock markets will be open.
Southern Pacific Railroad invited
bids on $4,000, 900 of new series F
bonds up to February 18. Proceeds
will be used to retire like amount
of 334% bonds of 1896.
BURY Biscuit Co. stockholders ap-
proved creation Of a 100,000-share
issue of $125 convertible preferred
and an increase in authorized COM
mon from 75o, 900 to 100000 shares.
United States Rubber Co. earned
$13,024,778 or $444 a share in 1945
VS.. $15,832,613 or $604 in the pre-
viots year.
McKesson e. Robbins, Inc, profit
for months ended December 81
was $4,040, ,485 or $2.22 VS.. $685.
1872 or $1.16 in the same 1914 period
Ward Baking Co. earned 81, ,122, $50
in 50 weeks ended December % VS..
81, 1,3O0,282 in the previous So weeks.
Greif Bros. Co-operage profit for
II months ended October 81 was
S718,053 or $5.87 on class A stock VS..
s577,1 or s4.78 in the preceding fis-
cal period.
New York Curb Exchange and af-
filiates armed $317,164 in 1945 VS..
s143, 1863 in the previous year.
Chicago, Rock Island g. Pacific
Railroad reported net operating in
come for 1945 was $22,195, ,944 VS..
s26, 6,079, 500 in 1914.
st. Louis Southwestern Lines
earned $3,993,006 in 1945 VS.. $8,119.-
Uo5 In the previous year.
Alton Railroad net for 1945 was
$573, ,299 VS.. $2,614,884 in 1914.
Walgreen Co. sales for January
totaled $10,583 1858, a gain of 14.49o
from the same 1945 month.
Massachusetts, Mutual Life Insur-
ance Co. reported $2,279 ,068, ,780 of
life insurance n force on December
81, a gain of $81 ,174 ,569 from year
earlier. Assets totaled $1,014, ,155 ,467
or nearly double the total at the
end of 1885. The net rate earned on
investments was 3.259o VS.. 3.40To in
1914.
Chicago & North Western Railway
directors authorized expenditure OF
$28 300, 900 for capital improvements
and new equipment in 1916.
Hotels Statler Co., Inc, is con-
sidering a coast-to-coaSt expansion
program, President Arthur F. Doug
las said at an employees dinner. De-
cision may be made within two
months, he added.
Lockheed Aircraft Corp. received 8
$780, 900 order for fast Constella-
tion transports from British Over
seas, AIRCRAFT corp. IOI tfdIlS-AI'
lantic service.
Continental Can Co. acquired
Fibre Can Machinery Corp. of Rut.
land, VT, for an undisclosed sum.
Solar Aircraft Co. acquired tht
Hubbard Casket Mfg. Co. of Sar
Diego, Calf
Kaiser Frazer Corp. and Graham.
Paige Motors appointed Frank Linl
sales promotion and advertising
manager. He was formerly with
Ford and Packard.
SuZray Oil Co. elected Paul E
Taliaferro vice president and gen.
eral attorney to serve until the mex
election of officers.
Atlantic Refining Co. appointed
Richard Rollins secretary.