Evening star., 1947-05-02
Business Briefs

Money in Circulation expanded to
$28, ,00o, 900 on April 80, a gain of
$l3,000,000 from a week earlier and
$3.50, 100000 above a year ago
Federal Reserve Board. The rise
reversed the general downward
trend since Christmas.
Manufacturers Inventories in
creased in dollar value again during
March, but the rate of increase was
lower than at any time since last
June-Commerce Department. How
ever, they reached a new high of
s21 200, ,000, 900 on March 81, gain
Of $500 100000 from month earlier
Chrysler Corp. declared a dividend
of $3.50 a common share, payable
June 13 Previous payments were
IS cents. Stockholders will be asked
to approve a 2-for-1 stock split.
Profit for the March quarter was
21,502, ,407 or S494 q share VS.. q
deficit of $685. ,929 in the same 1916
period.
Pillsbury Mills declared an extra
dividend of so cents and a regular
quarterly of 40 cents, both payable
June 2, raising the fiscal years pay
merts to 50 VS.. $l6o year ago.
Pepperell Mfg. Co. declared an
extra dividend of 81 and a regular
quarterly of so cents, both pay
able May Is.
American Chicle Co. stockholders
will vote June "a on plan to split
common stock 3 to /.
Sinclair Oil Co. is spending be-
tween S30,000,000 and S35,o00,000 on
expansion of its Houston refinery
as part of national program origi-
nally estimated at 100000. 900. but
now expanded to $3.50, 100000 Harry
F. Sinclair disclosed,
W. T. Grant Co. cut plans for
immediate store construction to
$4,ooo000 from $7,O00,o0o until
more favcrable conditions exist"
Chicago, Rock Island & Pacific
Railroad stockholders elected A. P
Carr, w. P. Carr and Ellis c. Hug
gins of Dallas and Adolphe Boisse-
vain, New York representative of
Dutch financial interest, to the
board. The three Texans replaced
mana agement candidates.
E. /. du Point de Nemours Co. profit
for the March quarter was $780,
833,673 or $3.50 a share VS.. $28,-
925,0l3 or s2.43 in the same 1916
period.
Republic Steel Corp. earned SILL
Si6,795 or s1.96 in the March quar-
ter vs.. a loss of S347,413 q year ago
Niagara Hudson Power Corp. net
for the March quarter was s5.217,-
SAL or 4s cents VS.. s4,736,726 or
43 cents in the same 1916 period.
Tide Water Associated Oil Co
earned s5,18o,274 or n cents in the
March quarter VS.. $3,744,555 OF
81 cents year ago
Sterling Drug, Inc, profit for the
March quarter was s3,6l5,918 OF
s6 cents VS.. s3,s22 ,295 or s1.01.
Parke Davis & Co. net for tn,
March quarter was s3,34o,946 or 81
cents VS.. s2,s67735 or 81 cents.
FrTehalf Trailer Corp. earned ST.
745,5sl or s133 in the March quar-
ter VS.. s75S,594 or So cents.
American Metal Co., Ltd, profit
for. the March quarter was si.564..
266 or sl.2o VS.. sl4e.S66 or 4 cents
in the same 1946 period.
Reynolds Metals Co. earned
S2,12a ,231 or 50 in the March QUAR-.
ter VS.. deficit of s227 $50.
Delaware & Hudson Co. net In.
come for the March quarter wa.
S1,497,642 or $2.T VS.. s1,374,o47 O,
1854 in the same 1916 period.
Warren Petroleum Corp. earned
sf,401 300 or s2.33 in the Marcf
quarter, including operations o
Hanlon Companies, VS.. s3l6,595 o
SO cents a year ago.
International Silver Co. profit TO
the March quarter was s1,l66.S42 o
&2.96 VS.. $569.847 or s1.32.