Evening star. [volume] (Washington, D.C.) 1854-1972, 1947-06-01
Business Briefs
Money In Circulation rose TO 1

i Business Briefs
Money In Circulation rose to $685.
I'll ,000, 900 on May 28, gain of $685.
100000 from a week earlier and
Sos, o00. 900 above year ago-Fed-
eral Reserve Board. The weeks
jump was attributed to demands for
cash for the long Memorial Day
weekend
Consumer Credit Volume reached
an alltime high of $1o.256 0O0, 600 on !.
April 80, gain of SCOT 900 900 from
month earlier, $3.50, 900 900 above
year ago and S149, 000, 900 above the
previous record attained on the eve
of Pearl Harbor in 1941-Federal
Reserve Board.
April Exports totaled S1286, o0o,.
600, drop of $31 100000 from the
previous month. while imports
amounted to $4,000, 900, gain Of
$68, 100000 from March-Co Commerce
Department. The excess Of exports
over imports amounted to S784,0o0,-
900 in April VS.. 1888 ,000, 900 in
March.
Farm Price Index, rejecting prices
paid to farmers, dropped slightly to
272S of the 19o9-14 average in mid
May, compared with 1851 in mid
April-Agriculture Department. The
parity index, rejecting prices paid
by farmers, also turned down for
the first time In eight months.
New Passenger Car Sales Of
United States factories totaled L.
$780, $40 in four months of 1e47 VS.,
332,5s2 a year ago-Automobile
Manufacturers Association. Truck
sales totaled 432,237 VS.. 1893 ,463;
motor coach sales, 5,522 VS.. 2,2o7;
total sales, 1867. 1903 VS.. 533, 262.
Finished Leather Stocks of United
States tanners are at a record low
compared with prewar years and
tanners are still struggling to sup
ply customers with wanted grades
and types-Tanners' Council.
Bituminous Coal Production in
the week ended May "a approxi-
mated 12,820,000 tons VS.. 12,970,000
in the previous week and only
1920, 900 a year ago when miners
were on strike-National Coal As
ISOLATION. Production so far this
year is 38ao above year ago.
Commonwealth of Australia reg
istered with the SEC $4,000, 900 Of
10 and 20 year bonds to finance
redemption Of its 20-year SO ex-
ternal loans of 1927.
GkA.I r. L.xl
dend of so cents a common share,
payable June Q. The firm paid Is
cents in March.
Modine Mfg. Co. declared an extra
dividend of as cents and q regular
quarterly of Is cents common
share, both payable June co. This
Is the first extra in several years.
Anaconda Copper Mining Co. and
subsidiaries earned $12,399,572 or
SLAB a share in the March quarter
VS.. $534.626 or 6 cents a year ago
when operations were affected by
a strike.
Electric Auto Lite Co. profit for
the March quarter was s2,095, 1871
or $1.40 VS.. a deficit of 81, 433, 228 in
Tile same 1870 pef1OQ.
Florsheim Shoe Co. earned 81 ,446,-
900 in six months ended April 30
VS.. $708,374 year ago.
Lee Rubber & Tire Co. net for six
months ended April 80 was $780,
636 or $5.76 VS.. $1,146, los or $474 in
the same 1916 period.
United States Leather Co. earned
81 ,275, 442 in six months ended April
80 VS.. $246.474 year ago.
Todd Shipyards Corp. earned
1914, TAO or SOFT in IL months ended
March 81, including a S6,689, 800
carry-back tax credit, VS.. $1,719,768
or $12.33 in the preceding year.
Monogram Pictures profit for 80
weeks ended March 20 was $260991
VS.. $248,976 year earlier.
United States Airconditioninx
Corp. earned $165,855 in six months
ended April 80 VS.. $1S,o77 a year
ago.
Associated Telephone & Telegraph
Co. net for the March quarter was
s61 ,545 VS.. loss Of 1881 IN the
same 1916 period.
sears hOeDuck q 20. mas moor.
porated a Canadian subsidiary and
will open a catalogue order office
in Vancouver, B. c., next month.
Sears currently operates depart
ment stores in Havana and Mexico
City and plans to open others In Rio
de Janeiro and Sac Paulo, Brazil.
Mid Continent Airlines operating
revenues in April totaled S424,68O, a
gain of 544 per cent from q year
ago, but reported a net loss of $19,-
1874 for the month VS.. a profit Of
$20,796 year ago.
Dominion Steel g. Coal Corp,
Ltd, elected to the board Charles
G. Terry, president of American
Securities Corp. and a director Of
Colorado Fuel & Iron Corp, and R.
j. Wysor, metals consultant with the
United States Department of State.
Farnsworth TeIevision g. Radio
Corp, elected D. M. Allgood vice
president. He was formerly sales
manager for the Willard Storage
Battery Co.