Evening star., 1948-01-09
Business Briefs
Money in Circulation dropped

s2s. .e58. 900, 900 on January 7, a de-
cline of s2o5, 100000 from week
earlier and 100000, 900 below a year
earlier.-Federal Reserve Board.
Freight Loadings in the week end
ed January 3 totaled 682,038 cars,
a. gain of 1897 from the previous
week, but 80 below the like week
year earlier-Association OF Amer
ican Railroads.
Automobile Production in the
United States and Canada this week
will total 1929 units VS.. 65,573 last
week and 64,828 year earlier
Wards Automotive Reports.
Engineering Construction Awards
in the five-day week ended Janu-
ary totaled s85,675 900, a drop OF
5os from the like six-day 1947 week
Engineering News-Record.
Bendix Aviation Corp. registered
with the SEC 399,990 shares OF its
common stock, which will be sold
bv General Motors Corp. to Morgan
Stanley g. Co. for public offering.
Budd Co. has sold its Induction
Heating Division to Ohio Crank
shaft Co..
Err. Squibb & Sons has sold 10000
shares of newly authorized 81 curnu-
lative preferred, series A, to an in
stitutional investor, at 500 a share
pl,1s accrued dividend from Novem-
ber l, and paid off sS,ooo,ooO OF term
bank loans.
General Motors Corp. produced
1,925,858 passenger cars and trucks
at its United States and Canadian
plants in 1e47 vs.. 1,1S6,057 in 1946.
Ford produced 1.104,568 in the
United States and Canada last year,
while Chrysler turned out more than
100000.
Universal Pictures, Inc, declared
o dividend of Is cents common
share, payable January 81. Previous
quarterly payments were SO cents.
Sears, Roebuck &, Co. sales In De-
cember totaled $267,572,52 a jump
of 1921 from a year earlier; IN IL
months ended December 81, $685.
792.544 a rise of 25.3oo from a year
earlier.
G. C. Murphy Co. sales for De-
cember totaled s20,603 ,445, a gain OF
1887 from a year earlier; for 1917
Sl1e.356,5so, a rise of 82co over 1916.
Western Auto Supply Co. sales in
December totaled S12,51a,000. an
in-reaze IF 4.4co from year earlier;
in 1947, S121 1,4l5, 900, gain OF 1913 r,
fem 1876.
IcCro2y Stores Corp. sales for
December totaled S16,461 1884, gain
of 1887 from year earlier: Tor
1947, SOL ,225, ,679. an increase of 1870
from 1896
Lerner Stores Corp. sales in De-
cember totaled s15,983,621. a rise of
22.7qo from a year earlier; in II
months ended December 81, $780,
878,883, a gain of 1857.
J. ]. Newberry Co. sales for De-
cember totaled $21 sos, ,546. an in
crease of 11.2qo from a year earlier;
for 1s47, s117,s61.56 rise of 41%
from l946.
Manufacturers Trust Co., New
York, earned S9,735,203 or s4.72 a
share in 1e47 VS.. sl0,8A2 533 or s5.26
In 1916.
Guaranty Trust Co. net income
for 1e47 was sl8,284,755 or $18.28
VS.. s1e,751.1o6 or s1e.75 in 1916.
Dresser Industries, Inc. profit for
II months ended October 81 was S4,-
43e,1S9 or s3.85 VS.. $l,037 ,235 or "a
cents in the preceding fiscal period.
Grand Union Co. earned 1,078, ,765
or S484 in nine months ended No
vember 80 VS.. $1,159,655 or S5.21 a
year earlier when 100000 was set
aside for contingencies.
Curtis Mfg. Co. net income for IL
months ended November 80 was
$872,5 or s451 VS.. $358,91e or $1.S6
In the preceding fiscal period.
Diamond Match Co. elected Jo-
seph E. Duffey vice president in
charge of production.