Evening star., 1954-10-15
Business Briefs

Money in Circulation in the
week ended october 13 totaled
$30,159. 900, 900. up $108 million
from last week but down $3.50
million from last year.-Federal
Reserve Board.
Rail Freight Loadings in the
week ended October 9 totaled
703,193 cars, down 1880 cars
from the previous week and
down 100,873 cars from last year.
Association of American Rail-
roads.
Heavy Construction Contracts
awarded in the week ended
October IL totaled $3.50. 381 900,
compared with $192,931 900 in
the 4-day week before and $685.
942 900 last year.-Engineering
News and Construction
Daily.
Bank Merger in New York yes
terday joined the Chemical Bank
& Trust Co. and the Corn Ex-
change Bank & Trust Co. into
the Chemical Corn Exchange
Bank, sixth largest in the Nation
with total assets of $28 billion
and deposits of $25 billion.
American Tel. g. Tel. in 3
months ended September 80
earned 100000 or $2.58 a
share VS.. $1O5,O47,086 or $2.54
last year.
The Bell System in IL months
ended August 81 earned $780,
O83,816 or $11.84 a share VS..
S464,844,769 or $11.47 last year.
A. X. U.-United Rayon Corp.
in 9 months ended September
80 earned $1O.20O,0O0 or $4.81 a
share VS.. $6,200,O00 or $3.06
last year.
Continental Can. CO., Inc, in
9 months ended September 80
earned $17,154.345 or $4.63 a
share VS.. $12,463,O00 or $3.45
last year.
Dow Chemical Co. in 3 months
eended August 81 earned $8,544,-
O28 or 36 cents a share VS.. So
762,957 or 43 cents last year.
Flying Tiger Line in year
ended June 80 lost $424.545 VS..
earnings of $1,853,155 or $3.50
last year. Earnings figure in
cludes profit of $1,152,522 on
sale of aircraft.
Florida East Coast Rwy. in 8
months ended August 81 lost
$1,815,368 VS.. loss of $32,659 last
year.
General Electric Co. in 9
months ended September 30
earned $14O,691 900 or $1.62 a
share VS.. $116,386,000 or $1.34
last year.
General instrument Corp. in
months ended August 81 lost
$249, ,946 VS.. earnings of $711,400
or $1.15 a share last year.
Kaiser Steel in 3 months
ended September 80 earned
$969,4O1 or IL cents share VS..
$3,347,978 or 86 cents last year.
Magma Copper Co. in 9
months ended September 80
earned $4,O9O,382 or $4.O9 a
share VS. $3,507,728 or 1851 last
year.
MonsantO Chemical Co. in 9
months ended September 80
earned $16,445.881 or $3.01 a
share VS.. Sl9,687, 800 or $3.65 last
year.
Parker Pen Co. in 6 months
ended August 81 earned $601.2 .289
or IS cents a share VS.. 891,076
or 96 cents last year.
Republic Steel in 9 months
ended September 80 earned $685.
093,946 or 1922 a share VS.. $42.-
758.557 or S7.02 last year.
Hinde & Dauch, Sandusky
(Ohio) manufacturer of CORFU
gated shipping boxes. will build
a factory at Gastonia, N. c., to
employ from 100 to 125 persons
by June l.
Merritt Chapman & Scott
Corp. announced the acquisition
of c. A. Pitts General Contractor
Ltd. of Toronto. Louis E. Wolf
son said major part of the
purchase price was paid in
shares of Merritt Chapman
common stock and the rest in
cash.
Granite City Steel Co. de-
clared a stock dividend of per
cent on the common. This is the
first dividend in 1854. Last year
the company paid stock divi-
dends of 3 per cent in each
quarter.
Granite City Steel Co. in 9
months ended September 80
earned $2,599,747 or $1.36 a
share VS.. $5,474,198 or 1882 last
year.
Neptune Meter Co. voted an
extra dividend of 81 per share,
compared to 50-cent extra divi-
dend voted in previous years.
Directors will submit 2-for-1
stock split plan to stockholders
November 30.
Life Firms Now TotuI 1913