Evening star., 1948-07-09
Business Briefs

Money in Circulation expanded te
s28,142 100000 on July I, gain OF
s242 900 900 from a week earlier, ou'
1921 100000 below a year earheF'-
Federal Reserve Board.
Civil Engineering Contra cts
awarded in the holiday week enoeo
july 8 totaled S168,7lS0OO, rise
of s., from the preceding full week
and 114cs above the like 4-day week
IN l947.-Engineering News-Recoro
Automobile Production in the
United States this week Will totaI
92.115 units, including 60,75o cars
and 23257 trucks, VS.. last week
total of 107453, including 77.o3U
cars and 29,823 trucks.-AutomotlVe
News.
Nav Hosiery Shipments totaled
10.974.494 dozen pairs VS.. ll,l99,ool
in the same 1947 month.-Assocla
ton of Hosiery Manufacturers
Five months shipments were 64,-
513.58O dozen pairs VS.. 62O94,299 q
year earlier.
Bethlehem Steel Co. followed the
lead of United States Steel Corp. in
abandoning the multiple baslng
point system of prices.
Punta Allegro Sugar Corp. declared
an extra dividend Of 81 and a
regular of so cents. both payable
July 30
Ashland Oil d Refining Co. de-
clared a quarterly dividend OF 81
cents, payable September Is. Pre-
vlous payments we're 25 cents.
Stockholders will vote July 80 on
the proposed merger of Allied Oh
Co. into Ashland.
Cleveland Pneumatic Tool Co. has
been purchased Ly the TeXtron Pen
sion Fund of Boston for an undls-
closed price, The tool company Is
valued at around S7000,000.
Baltimore d Ohio Railroad was
authorized by the ICC to issue So
100000 of equipment trust certifi-
Gates.
w. T. Grant Co. sales for June
totaled Sl9,314.736, a gain of 80
from a year earlier; for six months,
s9S, ,699,57l. an increase Of 3,2ec.
S. HI. Kress e. Co. sales in June
amounted to $l2,534 900, rise OF
13.7ec from year earlier; In six
months. $50, ISL S39, drop OF 10
from a year earller.
Butler Brothers sales for June to-
tailed s11e45,164, an increase of 24eo
from a wear earlier; for six months,
s72, $3.50. 1853, a rise of l5ec.
Western Auto Supply, Missouri
Gales in June amounted to Sl0.965,-
600, a gain of So from year
earlier; In six months, s55.3O70 900
an increase of 4.7G.
Melville Shoe Corp. sales for June
totaled s7,6O8,798, rise of 1l.6Tc
from a year earlier; for six months
s35, 1888 .829, a gain OF 6.lfe.
McCrory Stores Corp. sales in JUNE
totaled s7,4O4 ,108. an increase o.
l2.9cs from a year earlier; in si'
months, SAL, ,902. 1928. a rise OF SC.
Edison Brothers Stores sales tol
June totaled $6.598,680, a gain o.
e.6cc from a year earlier; for SD
months, s36,901 SAT, Jump of 10eo
A. S. Beck Shoe Corp. sales II
June amounted to s4290,457, a gair
of 3.1To from a year earlier; in si'
months, s2l 1895, decline of 1.6G
Lane Bryant Inc, sales for JUNE
totaled S4,8o7, 1874, rise OF 1895
from year earlier; for six months
s27.205, ,0S8, an increase of 4.7fe.
American Gas g. Electric Co. ane
subsidiaries earned s20,078,lsl OF
s432 a share in IL months ended
May 81 VS.. sl7,824,522 or s3.79 II
the previous year.
Underwood Corp. net profit fol
three months ended July 80 was
s1.487 .3o5 or s2.03 VS.. sl.346,2l5 ol
sl.S3 in the same 1947 period.
Soundview Pulp Co. earned S.,
sse. .7o5 or s2.97 in six months ended
June 80 VS.. s3,07l ,450 or s3.l4 veal
ssIlier.