Evening star., 1946-06-02
Business Briefs

business 6HeIS
Money in Circnlatisn expanded to
$2S. .106. .o00, 900 on May 40, Z gain Of
$145, 900 900 from 4 week earlier and
Il 500. .000. 900 above 4 year aso-Fed-
eral Reserve Board.
Consumer Credit Outstanding ut
the end of April approximated ST.
355, ,000. .000, an increase of $40 from
= month earlier and 34ss above 4
year ago-Federal Reserve Board.
About half the April rise was in
charge accounts.
Department Store Sales through
out the country were 34% above 4
year ago in the week ended May Is
Federal Reserve Board.
Wholesale Commodity Prices on
May Is were .2eS below. week
earlier, but remained 4.5% above q
year ago-Bureau Of Labor Statistics.
Declines in farm products accounted
for all of the weeks drop.
Leans to Brokers and Securities
Dealers held by member banks In
New York City totaled 81 ,628, ,000, 900
on Wednesday, q gain of $l16, 900 900
from q week earlier, but $500 900 900
below a year ago-Federal Reserve
Board.
Auto Production in fve months
ended May 81 approximated 800,00
passenger cars and trucks, compared
with :, ,102 500 in the same 1o41 period
Associated Press. Shortages and
labor difdculties have prevented the
industry from meeting the largest
accumulation of unified orders in
It's history.
Paper Output in the week ended
May 20 reached ss2% of capacity
VS.. $3.50 in the previous week and
92% = year ago-American Paper d
Pulp Association.
Jack & Heintz Precision lndns.
tries, Inc, registered with the SEC
so. .228 shares Of ~ cumulative pre-
ferred and 550,000 common shares to
increase working capital. Certain
stockholders Will offer 10000 shares
of the preferred.
Van Norman Co. registered l20,-
900 new common shares to finance
part of the cost of acquiring SSeo Of
the stock of Morse Twist Drill &
Machine Co. at $2l0 a share.
American Brake Shoe Co. will
start construction of q $4,000 900
foundry to produce bronze bearings
and castings at Meadville, Pa, July
l. Its capacity will be 50so greater
than that of an old foundry to be
replaced.
Madison Square Garden Csrp.
stockholders will vote June Fl on 4
proposed 3-for-l splitup in common
stock.
Bsatrice Creamery C. stock
holders approved authorization of
5s,S62 shares of new 500 par value
cumulative convertible preferred
stock to be used in retiring 4 like
amount Of $4.25 preferred. A change
in name to Beatrice Foods Co. also
was approved.
Diamond Match c.. earned $751;
939 or 81 cents a share in the March
quarter VS.. $495, ,097 or SO cents 4
year ago.
Hecla Mining Co. profit for the
March quarter was SITS ,587 or II
cents VS.. $207,018 or 81 cents in the
same 1945 period.
F.E. Myers T. Brothers Co. earned
SITS ,207 or SO cents in three months
ended April 80 VS.. $241 ,489 Or $1.2l
year ago.
Teck- Hukhes Gold Mines net for
four months ended April 30 was
$150,2 or ! cents VS.. 3206, ,127 Or 4
cents in the same 1S45 period.
Cslt's Patent Fire Arms Mt. c..
reported 4 deficit of $454, ,2o1 for Is
weeks ended April 2l vs.. proiit Of
$299, $50 or s1.52 in the same period
last year.
Panhandle Preducins 4 Refining
CO. loss for the March quarter was
$2oe, $40 vs.. profit Of t247.S ~ Or a
cents in the same lS45 period.
American Rhsnslie Cerp. reported
. loss Of $l0e,S1o for the March
quarter W. profit Of 322l, ~ or IS
cents q year ago.
Hayes Industries, Inc, deficit for
nine months ended April 30 was
$5,740 vs.. net income Of 4673 ,758
or $2.o2 in the same period last year.
Micrsnatic Hene Corp. loss for
nine months ended April 80 totaled
$16,282 VS.. proflt Of S3l6,044 or t2.O5
= year ago.
Bseth Fisheries Csrp. profit for IL
months ended April n was $685.
792 W. $4S0,24s In the preceding
fiscal period.
Hunt Feeds, Ins., earned s52s ,e27
In II months ended February 10
vs. SITS in the previous year.
Royal Typewriter Co. and its do
mestic subsidiary reported 4 deficit
of 4l0e. .11S for nine months ended
April 20 W. profit Of $777,s4o Or 81
cents q year ako.