Evening star., 1951-12-07
Business Briefs
Money in Circulation increase

by $149 million in the past week
to S28,89l ,0o0,0 900. up $1,193. .00O,-
900 over the same week last year.
Federal Reserve Board.
Heavy Construction Contracts
awarded in the week ended Mon
day amounted to S324,110, 900
compared to 1884 900 last week
and s484,875,000 in the corre-
spending week a year ago.
Department Store Sales last
week were up five per cent over
a similar week last year, thanks
to a So per cent increase in the
Cleveland area. Sales were above
last years levels in five of the
IL Federal Reserve Districts,
Richmond, st. Louis. Kansas City,
and Dallas. besides Cleveland.
The Cleveland area was buried in
a snowstorm in the corresponding
week last year, accounting for the
large rise.
| Rail Freight Loadings totaled
821.776 cars last week, up 15.5 per
cent from the previous holiday
week and II per cent above the
corresponding week last year when
freight movement was sharply cut
by severe weather in the East.
Transworld Airlines announced
today it is already accepting book
tourist rate of SALT for round trip.
The fare was agreed on three days
ago by major airlines at the In
ternational Air Transport Asso-
citation meeting in Nice. Fare in
the peak tourist season was cut
to s486 round trip New York to
London.
Pennsylvania Water e. Power
Co. yesterday declared a dividend
for the fourth quarter of 1851 at
so cents per share on common
stock and SIPS per share on the
SIS cumulative preferred stock for
the quarter ending December 81.
Royal Typewriter Co., Inc,
earned $63l 1884 or So cents a
share in the quarter ended Octo-
ber 81 compared to $l,295,370 or
IS1.14 in the same quarter a year
ago.
Brainard Steel Co. yesterday
named Alver E. Peterson, a native
OF New Britain. Conn. who was
once secretary treasurer of the
United Board g. Carton Corp, as
controller with headquarters in
Warren, Ohio.
Car and Truck Production in the
United States this week will total
1l3,06l units, including 90,416 cars
and 22,645 trucks, compared with
89.762 cars and 23,063 trucks last
week and 129.6S7 cars and 25,O44
trucks a year ago.-Ward's Auto
motive Reports.
Stocks of Domestic and Foreign
Crude Petroleum totaled 260 ,9o1,-
600 barrels on December /, an in
crease of 436,000 barrels for the
week. Domestic crude increased
694, 900. Daily Average produc-
ton was 6,246,000 barrels, an in
crease of 4,000.-Bureau of Mines.
F. w. WOolworth Co. reported
November sales of S6O,542,506, an
increase of 10.1 per cent over the
same month year ago, bringing
total for first eleven months of
1851 to $569.90o. 72O, 9.5 per cent
|ahead of the same 1850 period.
New York City Bank Loans to
business rose $78 million in the
week ended December S, bringing
total loans to 1851 900. 900, a
new high, and 81 1865. 900. 900 above
a similar week year ago.-Fed-
eral Reserve Bank.
Southwestern Public Service Co.
in year ended August 81 earned
$4,665. .283 or $1.31 per share VS..
$4,440,589 or $1.34 in 1850.
Chicago Pneumatic Tool Co., in
the 8 months ending September
80, earned $3,780, ,632 or $9.08 per
share VS.. $2,850,938 or $3.50 in
1850.
General Shoe Corp. earned So
570,939 or $4.51 per share in the
year ended October 81 VS.. 1896.
715 or $5.05 in 1850.
U. S. Smelling, Refining and
Mining in the II months ended
November 80 earned $2,993 ,224 or
$2.82 per share VS.. $1,271,499 or
$2.72 on preferred shares in the
same period of 1850.
Plymouth Cordage Co. in the
year ended September 80 earned
81, ,265,930 or $4.65 per share VS..
$2,213,174 or $8.18 in 1850.
General Realty and Utilities
Corp. in the year ended Septem-
ber 80 earned $1,258.823 or So
cents per share VS.. 81 ,408, 1888 or 90
cents in the previous year. accord
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