Evening star., 1949-12-09
Business Briefs
Money in CircuIatior ox,o =

/ DuSlIJcSS DTSTS
Money in Circulation expanded
to $27. sos, ,000, 900 on December 7.
gain Of $157 200, 900 from a week
earlier. but remained $716 ,000, 900
below a year earlier-Federal Re-
serve Board.
Freight Loadings in the week
ended December 3 totaled 693 1928
cars. a gain Of 4.4% from the pre-
eeding holiday week, but 1872
below the like 1948 week-Associa-
ton Of American Railroads.
Engineering Constructs award
ed this week jumped to $302, 49,
600, second highest total since the
war. and was 1870 above last week
and 26195 above the like 1948 week
Engineering News-Record. The
latest total was boosted by a $162,-
100000 award for an atomic
energy commission plant at Oak
Ridge. Tenn.
Business Spending on new
plants and machines, one of the
major factors in promoting en-
|ployment and general prosperity.
will be reduced sharply in the first
1850 quarter. according to a survey
by the Commerce Department and
the SEC. Increased Government
spending and veterans insurance
refunds are expected to Offset the
decline.
Department Store Sales across
the Nation averaged 80 below a
year earlier in the week ended De-
cember 3 and for the year to date
were down 6%-Federa1 Reserve
Board.
California Packing Co. has ar
ranged a $35, 900 credit with
the Equitable Life Assurance So
ciety Of the United States and the
New York Life Insurance Co. The
15-year loan carries an interest
rate Of 2.8%.
Murray Corp. Of America moved
into the household appliance field
with the introduction Of its new
line Of stoves, bathtubs, cabinets.
sinks and other appliances.
VIM. Wrigley, Jr. Co. declared a
special dividend of so cents, pay
able December 28. raising 1949
payments to IS VS.. $3.50 in 1948.
Amerada Petroleum Corp. de-
clared an extra dividend of 81,
payable December ~. This brings
the 1949 total to IS VS.. $6 last
year when an extra Of So was paid.
Reliable Stores Corp. announced
an extra dividend Of so cents and
a. regular quarterly Of 40 cents,
both payable January Is. A SINH
lar extra was paid last January.
Colgate e-Palmolive-Pee Co. de-
clared an extra dividend of 81 a
common share, payable December
%, raising 1949 payments to So.
same as in 1948.
Florence Stove Co. ordered a
dividend of so cents a common
share, payable December 20. The
company paid a like amount last
March and Is cents each in June
and September.
General Baking Co. declared an
extra dividend of Is cents and a
regular. quarterly Of Is cents |
the former payable December "a
and the latter February /. The
company paid an extra Of 40 cents
In December, 1948.
Anchor Hooking Glass Corp. or
dered q year-end extra dividend |
Of SO cents and q regular quar-
terly Of SO cents. both payable
December 80. The company has
paid so cents quarterly since April,
1947, but no extras.
]. C. Penney Co. sales in Novem-
ber totaled $84, ,155,078, a drop Of
5.2% from a year earlier; in II
STAT, ,626 1866, a decline Of
1.2%.
Walgreen Co. sales for Novem-
ber amounted to $12.746,777. a
decrease Of 1.8% from a year
earlier; for II months, $144.332,-t
O26, q drop of 1.5%
American Car & Foundry Co.
earned 50 .267, 1926 or 5000 a share
in six months ended October 81
VS.. $3,6O1,S97 or $4.32 a year
earlier.
Dresser Industries, Inc, net in
come for the year ended October
81 was $685., 900 or $3.02 VS.. $8.-
O38. .422 or STA In the preceding
fiscal period.
Joy Mfg. Co. earned $3.890.813 Il
Or SAL In the year ended Septem-
Der 80 VS.. $6,958. .925 or $8.14 in
;he previous year.
Zenith Radio Corp. profit for
;ix months ended October 81 wasl
il ,066 ,528 or $2.l7 cs. $984,535 orf
q Ia the, same fy48 period; forl
;hree months ended October SILL
1895, 5,581 or $l.82 VS.. $879,566 or
'l.79.