Evening star., 1946-10-04
Business Briefs

h6G6A 1T6US III Gll6 ldSt WGSh QC-
clined slightly from the preceding
weather as cold weather appeared
suddenly In some sections, but sales
remained 24% to 28% ahead Of a
year ago-Dun & Bradstreet.
Money in Circulation rose to $685.
526,000,00 on October 2, a gain of
$78,Q00,O00 from q week earlier and
$673, 100000 above a year ago-Fed-
eral Reserve Board.
Automobile Production in the
United States and Canada was esti-
mated at 90,165 units for this week
VS.. revised total of 86,582 last week
Wards Automotive Reports The
latest total is the largest for any
postwar week, excepting the one
endes August "a.
Rubber Consumption in the
United States was estimated at
1857 long tons in July, a drop Of
4.67% from 1886 in June-Rubber
Manufacturers Association. For
seven months, the estimate set a
record of 569,675 tons VS.. 491 1928 a
year 4ago.
New York Silver Price was re-
stored to 90h cents an ounce today
It was lowered yesterday from that
level to SO cents.
Barber Asphalt Corp. stockholders
approved sale of it's Venezuelan oil
royalties to Shell Petroleum Co.,
Ltd, for $25, 100000. This will add
s21, 10000 to $22.00o,oo0 to current
assets.
Aviation Corp. announced it will
acquire Crosley Corp, New Idea,
Inc, and American Central Mfp. Co.
Avco now owns 900 of the first two
companies and 61%o OF .lmerican
Central. Directors of all OF affected
firms have approved.
Consolidated Vultee Aircraft Corp.
directors were understood to have
discussed merger with Lockheed
Aircraft at their monthly meeting,
but no announcement was made.
Hoover Co. stockholders will vote
November Z on a recapitalization
plan under which the par value of
common stock would be cut from
IS to $3.50 in 2-for-1 stock split up.
Standard g. Poor,s Corp. stock
holders will vote October "a on a
proposed increase in authorized
common from 10000 to 100000
shares. Directors intend to declare
a stock dividend of two shares for
each share held.
Safe Harbor Water Power Co. an
nounced it has decided to refund
$19,131 900 of 41zeo bonds. A new
series of bonds and serial notes are
planned with registration expected
about October Is.
American Power g. Light Co. and
subsidiaries earned SIS, ,461 ,813 in IL
months ended August 81 VS.. $13,-
775,200 in the previous year.
Southern Pacific System net for
eight months ended August 81 was
$14,319,932 or 1919 VS.. $26 6,343,9 ,911 or
S6e8 in the same 1945 period.
Missouri Pacific Railroad earned
$580,413 in eight months ended
August 81 VS.. $10,132,476 year ago.
Gulf Coast Lines net for eight
months ended August 81 was $3,-
1926 VS.. s2,214,846.
st. Regis Paper Co. earned $2,-
100,299 in six months ended June
80 VS.. 81 ,452,758 a year ago.
Champion Paper g. Fibre Co. profit
for 49, weeks ended August 18 was
81, ,491 ,534 or $2.46 VS.. $705, ,225 or 85
cents in the same 1945 period.
Grand Union Co. earned $692 ,240
or $3.11 in six months ended August
81 VS.. 1922 ,255 or $1.44 a year ago.
Colts Patent Fire Arms Co. re-
ported a deficit of .$649 1882 for 80
weeks ended August IL VS.. profit of
$485,857 or $2.46 in the like 1945
period.
Doubleday & Co. elected Douglas
M. Black president to succeed Mel
son Doubleday. who will remain as
board chairman.