Evening star., 1951-10-19
Business Briefs

SsssSSS SsASb
Money in Circulation declinedl
500 million in the week ended
Wednesday to a total Of $28, 1885, "A
100000. which still was $l,157,-l
100000 above the correspondence
date last year.-Federal Reserved
Board. sg
Short Interest on the New York
Stock Exchange increased FROM
2,638.186 shares on September l4I
to 1851, l,473 shares on October Isl
The October total was the highestl
since May s. 1882.
Fire Losses In September we're
estimated at 53,398, 900, down 3.6l
per cent from August but up 1851
per cent from September, 1850
National Board Of Fire Under
writer's.
Bituminous Production in the
week ended October 13 was TO-
965 900 tons, compared with 10,-I
865,000 the week before and H.
$4,000 in similar week last year.
National Coal Association.
Rail Freight Volume in the
week ended October 13 amountedI
Ito 868. .683 cars. an increase of l.2l
per cent over the preceding week
but decrease of 2.3 per cent
from the similar week last year.
Association of American Rail-
roads.
Primary Aluminium Production
in August totaled 1886 short
tons. an increase of 1.l18 tons
lover July.-Bureau Of Mines.
Heavy Construction Contracts
awarded in the week ended Mon
day aggregated $195, ,220, 900, COM
pared with 1920, TOP 900 the previ-
GUS week and $3.50, ,750, 900 in the
comparable 1850 week.-Engi-
|neering News-Record.
Wichita River Oil Corp. and Oil
Exploration Co. directors have
Iagreed in principle on a statutory
merger. with Wichita River Oil
Corp. to be the surviving COM
|pany.
Kaiser-Frazer Corp. announced
the appointment of T. A. Bedford
as vice president in charge of
manufacturing, which comprises
Iall the company's automotive and
defense operations at Willow Run,
Detroit and Dowagiac. Mich. and
Oakland and Richmond, Calf.
U. S. Plywood Corp. has taken
over management of the Panama
Forest Products Corp. in Panama
City. 5.s
Philadelphia Electric Co. has ex-
tended its postwar construction
program through 1856 and raised
planned expenditures over the
next five years to 1865 million.
The company already has spent
$2l7 million on expansion since
1916. ~
Marine Midland Corp. has ac-
qulred control of the National
Chautauqua Bank of jamestown,
IN. Y.
M. A. Hanna Co. reports net
income for the nine months ended
september 80 Of SO, ,666 $50 or s9.1l|
a share. VS.. $8.571.522 or $s.04 in
the like period last year.
Pennsylvania Salt Manufactur-
ing Co. earned $3.149,129 or S3.l5
after preferred dividend retire
ment in the nine months ended
with September. VS.. $1,254,642 or
I$2.65.
Standard Steel Spring Co.
earned s5.l57.141 Oh $3.50 in the
nine months ended September 30.
VS.. $6,946,393 or S3.87.
Davoe g. Reynolds Co. earned
S1.565,234 or s2.72 per class A
share in the nine months ended
August 81. VS.. $1,852,167 or $3.50.
Emsco Derrick & Equipment Co.
learned $832,499 or $1.81 in the
nine months ended September, VS..
l$4l2,226 or $l.02.
Penn-Dixie Cement Corp. earned
$80l. .418 or $1.33 in the Septem-
Der 80 quarter. VS.. $l.284,598 or
$2.18.
General Baking Co. earned ST.
589, 1888 or So cents in the SO weeks
ended September 20. VS. $1,7s7, ,582
|or 8 cents.
Elliott Co. earned $l.S44,57s or
$3.50 in the nine months ended
with September 30. VS.. $6,946, 1893
or $3.87.
Associates Investment Co. earned
s8.769,4 ,45l or s8.l1 in the nine
months ended with September. VS..
$8,004.095 or $7.65.
American Zinc, Lead & Smelt-
ing Co. earned $2,32l, ,722 or s3.07
in the nine months ended with
September. VS.. $685. 1921 or $3.50.
observation-disclosures Co. earned
|s9,545,548 or $7.23 in the August
81 fiscal year. VS.. $s,813,163 or
$7.44.
United Paramount Theatres
earned $s,723. 900 or $2.ss in the
nine months ended September 80.
IuS co cor nm -, An ap