Evening star., 1943-07-01
Business Briefs
Gasoline Stocks declined to

| Business Briefs
Gasoline Stocks declined to TO-
$50 900 barrels on June 26, compared
with 1906 900 a week earlier and
SO. .461 900 a year ago. the American
Petroleum Institute announced.
Light fuel oil supplies totaled. 34,-
044 900 barrels, a gain Of 486, 900
from a week earlier, while heavy
fuel oils totaled St .o60, 600, a decline
Of sos 600. The index of civilian
gasoline and fuel oil supplies on
the Eastern seaboard advanced to
2959o Of normal, compared with
2769o on June 10.
Closer Cooperation and Teamwork
among competing companies are
developing on broad scale in vari-
Gus fields, according to the ABA
magazine Banking. IAN this is a
good augury for the health and
safety of independent enterprises
and is something nice to come home
to at time when a good part Of the
business horizon is filled with tax
worries, renegotiation Of Govern
ment contracts, regulations that are
hard to understand, priority confu-
sion. manpower losses and problems
of every kind" the magazine de-
clared.
Freight Loadings in the week
ended June 26 totaled 760,844 cars,
a drop Of lot ,397 cars or 124%o from
the preceding week and 92,574 cars
or 1887 below the same period last
year, the Association Of American
Railroads reported.
Regional Stock Exchanges Face
Suspension unless they are per-
mitted to trade in any and all Sc
curities, declared Howard r. Taylor.
president of the Baltimore Stock
Exchange, IN letter to Maryland
members of Congress. He said &C
ton should be taken to permit trad
ing in all shares, whether listed or
unlisted.
Cash Balance of sIs,081 ,985. SO
was in the Mississippi State Treas
ury at the close OF the fiscal year,
officials reported.
Slightly Higher Wholesale Food
Prices were reflected by the Dun &
Bradstreet index. which stood at
s4O5 on June %, compared with
s4O4 a week earlier and $3.50 year
ago. The small upturn reversed the
downward movement of the last
six weeks.
The First Bale Of 1894 Cotton
was acquired by Jerome Levine of
H. Eeintz e. Co., on a bid of $500 600
in war bonds at an auction on the
floor of the New York Cotton Ex-
change. Mr.. Levine Immediately
donated the cotton to the USO.
Runner up in the auction was Har-
old Bates of Bates & Co., who bid
100000.
Need for Record Sugar Produc-
ton in 1914 was stressed by William
B. Craig. president Of the New York
Coffee and Sugar Exchange, in let
ters to War Food Administrator
Marvin Jones and Vice President
Henry Wallace, chairman of the
BEW. Mr.. Craig told the Govern
ment authorities that increased
sugar output would help avert a
serious shortage Of energy food and
would aid economies of the Carib-
bean republics and Puerto Rico.
Secondary Distribution of 30,500
shares of the capital stock of Sterl-
ing Drug, Inc, was made by Shields
& Co. at 6ll4 a share and COM
mission of 81 share to dealers.
The offering was oversubscribed i'm
mediately.
North American Light & Power
Co. was prohibited by the SEC from
paying to the North American Co.
or it's representatives the interest
due July l on debentures of North
American Light held by North
American. North American Light
was ordered to set aside a sum
equal to the withheld interest and
invest it in Government obligations.
Milwaukee Electric Railway g.
Transport Co. was authorized by the
SEC to purchase 5000 shares of it's
common stock held by it's parent,
Wisconsin Electric Co., at 500 a
share. Milwaukee will retire the
shares on completion Of the trans
action.