Evening star., 1943-09-09
Business Briefs

Bank Clearings in % leading cities
totaled s6,552.442 900 in the holiday
week ended September 8, well be-
low s7,74o, ,6s6, 900 in the previous
full week. but 29.les above S5.075.-
$4,000 in the corresponding holi-
day period of last year, Dun &
Bradstreet, Inc, reported. Impor-
tant city gains over a year ago ::
Atlanta, 44.4eo; Buffalo, 1885,:
Minneapolis. 33.2ee; Omaha, 32.2eo:
Baltimore, 20.1es; Chicago, 1926; !;
Kansas City, 1857.
Electric Power Production in the
week ended September 4 totaled
4,350,51l 900 kilowatt hours, new
peak, which compared with 4,322,-
$4,000 in the preceding week. and
was 18.4eo above 3,672, ,921 900 in
the similar 1912 period, the Edison
Electric Institute announced. Re-
gional gains over year ago. South,
22.49o; New England, $50; Mid
Atlantic, 1867; Central Industrial,
1885,; West Central, 1885,; Rocky
Mountain, 17.7%; Pacific Coast,
224%o.
Increased Steel Payrolls contrast
ed with smaller earnings and divi-
dends in the first half of 1943. the
American Iron 81 Steel Institute
disclosed after survey Payrolls of
reporting companies, including non-
steel-producing subsidiaries, totaled
81 .236, ABS, 900, nearly 800 above a
year ago. Net earnings declined to
S94 4,522 900 from S102, ,743,OG0 a year
ago. dividends we're reduced from
S72,a46,0 900 to s69, ,372 900.
Greyhound Corp. earned $4,923,-
997 or STA share in six months
ended June 30, compared with a
revised net of $103 a share in the
same 1912 period. President G. f.
Wickman said the net of SPAS, ,421
or n cents share actually reported
by the company for the first half
of 1912 included a provision for
Federal income and excess profits
taxes at rates substantially in ex-
cess of those finally fixed by the
1912 Revenue Act
American Tobacco Co. earned S23,-
Ola, 4,331, or SAB a share in IL months
ended June 80. No comparison with
a year ago was given, but for the
year ended Decembef 81, 1912, net
income was $22, 2,339.7 1872, or $4.28 a
share.
Superheater Co. earned 81 ,093, TAG.
or $1.26s share, In six months
ended June 80, compared with $685.
396. or 73 cents share. in the
same 1912 period Latest results
were before provision for renegotia-
ton OF war contracts.
Yellow Truck & Coach Mfg. Co.
stockholders approved stock ex-
change plan under which the COM
pany would be acquired by General
Motors Corp. Actual acquisition will
be effected September 80.
Allied Mills, Inc, is negotiating
for sale of its subsidiary, Century
Dlstllling Co., to a large distilling
firm, President John B. De Haven
told stockholders. Negotiations are
far from complete, he said, and the
distilling firm seeking the purchase
was not identified. Century an
nually contributes about third of
the total profits of Allied Mills, Mr..
De. Haven added.
Duke Power Co. purchase of Dur
ham Cities Service Co. for So ,962 900
was approved by the North Caro-
lima Utilities Commission. The
Durham company formerly was
owned by Cities Service Co.
Maine Central Railroad k
holders authorized purchase ne
Portland & Ogdensburg Ra.. DAD
property and franchises for $685.
800, equivalent to s18.75 a share
on the Portland roads capital stock
The Portland's line has been leased
by the Maine Central since 1888.