Evening star., 1950-09-29
Business Briefs

Money in circulation decreast


$2l 100000 in the week ended
Wednesday to a total of S27,O60,-
600. .000.-Federal Reserve Board.
Department Store sales over the
nation last week were 1870 lower
than the week before, but topped
the year-ago level by 1917. The
new consumer credit controls were
announced September 8 with an
effective date of September 18.-
Federal Reserve Board.
Loans to Brokers and dealers in
securities held by New York mem
Der banks totaled $1,217, ,O00, 900
on September %, up $92, 900 900
from a week ago and down $751;
100000 from a year ago.-Federal
Reserve Board.
BituminOus Production in the
week ended September % was es-
timated at 11.4 million tons. Only
1.984,000 tons were mined in the
like week of last year because of
the UNIV strike
Association Of American Rail-
roads announced election of John
P. Kiley, president of Chicago,
Milwaukee, st. Paul and Pacific
Railroad. to the board of the as
sociation.
United States Steel Corp. an
nounced plans for facilities to add
100000 tons Of ingot capacity at
its Southern subsidiary. Tennes-
see Coal, Iron and Railroad Co.
An Eastern seaboard mill also will
be built at Morrisville, on the Del
aware River.
Pennsylvania Railroad an
nounced orders for 5000 box cars,
gondolas and fiat cars costing
$50. 100000. Earning for 8 months
ended August 81 were $16,706,3 1894
or $1.27 share VS.. $3,446,241 or
26 cents in 1949.
Chicago, Burlington and Quincy
Railroad and subsidiaries an
nounced plans to buy 2,70O new
freight cars and $4,000 tons of
new steel rails and fittings, cost
ing more than $21 200, 900.
National Cash Register Co. will
ask stockholders to authorize an
additional 179.080 shares to cover
a 10To stock dividend, expected to
be distributed December 20.
Diana Stores Corp. reported
oversubscription of 100000 shares
of common stock offered at So a
share by the investment banking
firm of Van Alstyne, Noel & Co.
Coca-Cola International COM
mon sold in New York for $4,000.
for 10 shares, highest price this
year.
Mcintyre Porcupine Mines an
nounced an extra dividend of
$1.0012 in addition to the regular
50A cents payable January 2.
Lee Rubber G. Tire Corp. an
nounced an extra dividend of
$3.50 share and the regular quar-
terly of SO cents on the common
both payable October 80.
Union Pacific Railroad System
in months ended August 81
earned $35, ,444, ,694 or $7.37 a share
VS.. $22 2,509, TAG or $4.46 in 1949.
Seaboard Air Line Railroad in
8 months ended August 81 earned
$6,079,015 or $3.50 a share VS..
$3,092 ,203 or $305 in 1949.
Louisville & Nashville Railroad
in 8 months ended August 81
earned $11, ,783. .586 or $5.04 a share
VS.. $6,293,357 or $3.50 in 1949.
Eastern Gas & Fuel Association
in year ended August 81 earned
1851 1868 or $6.58 a share VS.. ST.
644.396 or Stat in 1949.
Hellinger Cons. Gold Mines in g.
months ended June 80 earned ST.
422,102 or 20 cents a share VS..
$850,224 or II cents in 1949.
Jersey Central Lines in 81
months ended Angst 81 earned
$1.378,593 compared with a loss
of $733,641 a year ago.
Mcdonnell Aircraft Corp. in
year ended June 80 earned $2,-
815.219 VS.. $1,731 1892 a year ago.
Eversharp, Inc, in months
ended August 81 earned $1,106,-
319 or $1.14 a share VS.. 0913,088
or SO cents in. 1949.
Warren Petroleum Corp. in year
ended June 80 earned $4,476, $50 |
or $3.50 a share VS.. $6,965, $50 or
$4.10 in 1949.