Evening star., 1950-04-14
Business Briefs
Money in Circulation declir

Money in Circulation declined
to $27.072,ooo 900 on April IL, a
drop Of SOL ,000,o from a week
earlier and $435, 100000 below a
year earlier. - Federal Reserve
Board.
Freight Loadings in the week
ended April 8 totaled 700. .129 cars,
a drop of 28% from the previous
week and T64o below the like l949
week..-Association of American
Railroads.
Department Store Sales in the
week ended April 8. the final pre-
Easter week. were even with a year
earlier when Easter came a week
later.-Federal Reserve Board.
Sales in the New York and Chi
cago districts were down 4%o. and
in the Philadelphia and Cleve-
land districts, down So.
Allied Chemical e. Dye Corp.
stockholders will vote in July on
a plan to split stock 4 for !, di-
rectors announced.
Northwestern Bell Telephone
Co. directors voted to open bids on
$50 million of new debentures in
the first week Of June. Proceeds
will be used to redeem a like
amount of 3l4% debentures of
1879.
Brooklyn Union Gas Co. reg
istered with the SEC $4,000, 900 of
30-year first mortgage bonds and
186.34l shares Of $40 par cumula-
tive convertible preferred stock to
finance construction.
Northern Natural Gas Co. reg
istered with the SEC 3o4 800 shares
Of $40 par common stock to be
sold by subscription to present
stockholders to finance construc-
tion and pay debts.
Atlantic Coast Line Railroad
asked ICC permission to issue
$50 724 900 of new general mort
gage 40 bonds, dated to mature
March /. 1880. New bonds will be
offered in exchange for a like
amount of first consolidated mort
gage 40 bonds, due July /. 1852.
West Point Mfg. Co. earned
$4,504.959 or 1912 a share in six
months ended February Is VS..
$3,837.968 or $2.67 a year earlier.
Sunshine Biscuits. Inc, net in
come for three months ended
March 81 was 1,646,174 or $1.61
VS.. $l,729, 1868 or $l.69 in the same
1949 period.
New England Telephone e. Tele-
graph Co. earned $2,833, ,698 in two
months ended February % VS..
$1,055,473 a year earlier.
Marine Midland Corp. net in
come for three months ended
March 81 was $1,334,623 or "a
cents VS.. $1,373,251 or "a cents in
the same 1949 period.
Mullins Mfg. Corp. earned ST.
285,871 or $1.04 in three months
ended March 81 VS.. $748,051 or 81
cents a year earlier. d,
Flintkote Co. profit for IL weeks
ended March Is was 1851 ,929 or
10 cents VS.. $725.871 or 81 cents
in the like 1949 period.
Briggs & Stratton Corp. earned
$260,271 or A cents in three
months ended March 81 VS.. $773,-
385 crs$1.30 a year earlier.
Gamble Skogmo, Inc, net in
come for three months ended
March 81 was $240,1 or 2 cents
VS.. a deficit of $144.163 in the
same 1949 period.
Walter E. Heller g. Co. earned
$2l7.198 or 50 cents in three
months ended March 81 VS.. SILL
973 or so cents a year earlier.
Underwood Corp. profit for
three months ended March 81
was $605. .348 or 81 cents VS.. $685.
1856 or 81 cents in the same l949
period.
Superior Steel Corp. earned
$134.408 or 48 cents in three
months ended March 81 VS.. a
deficit Of $l04.645 a year earlier.
Royalite Oil Co., Ltd, had a
net income of 81 l,467.476 or 81
cents in 1949 VS.. $l,444,377 or so
cents in l948.
Monogram Pictures Corp. earned
$150,375 or 20 cents a share in 26
weeks ended December 81 VS.. a
loss Of S264,892 a year earlier.
Twin Coach Co. had a deficit of
$905 1929 in 1949 VS.. net income of
$138.043 or 2 cents share In
1913.
r. Hoe a Co. elected Neil p.
Cullom board chairman to sue
ceed H. M. Tillinghast, who re-
tired because of Ill health.