Evening star., 1943-12-09
Business Briefs
Bank CIearinas in 22 leadir

Bank Clearings in % leading cities
totaled $3.50, ,376, 900 in the week
ended December 5, in contrast with
$7,675, ,443,0O0 in the preceding holi-
day week, and were 21.52s above
s7,3l4, ,301 900 in the like 1912 period
Dun e. Bradstreet, Inc. reported
Important city gains over a year
ago: Denver, Biz; Omaha, 25.4%
Buffalo, 23.7%; Kansas City, 1857 ;
Atlanta, 181@o.' Boston and Cincin-
natl reported small declines.
November Steel Production OF T.
356,828 net tons failed to equal the
October record of 7,819,061 tons, the
American Iron e. Steel Institute an
nounced. November output was
equivalent to 934tG OF tie industry s
capacity, compared with an October
percentage of 1913. A year ago. No
vsmber production CT 7,1798l2 tons
represented 97.3" OF capacity.
Iron Ore SHIPMENTS from Lake
Superior district docks totaled S4,-
404,652 gross tons this year, it was
revealed with closing Gown of the
shipping season. Last years ship
ments totaled 92,O76,7Sl tons. The
goal for this year was S6 5C0,OG0
Handicap5 were 4 late opening, Sc
we're ice conditions at the start and
cold weather and storms in Ncvem-
ber.
Gasoline Stocks increased anc
stores of light and heavy fuel OF
declined in the week ended Deccm
ber a. the American Petroleum In
stitute disclosed Gasoline supplies
totaled 7l.040.000 compared witt
1880 600 week earlier and H.
$4,000 year ago. Indices Of civil.
ian supplies on the Eastern Sea.
board, compared with normal were
Gasoline, 40!4es; kerosene. 49.4rc
light fuel Oil. $685. heavy fuel Oil
1885,
J. {. Penney Co. reported Novem-
Der sales of SAT Sis ,634 against S49.-
e48,Ol3 a year ago, a decline of 3.9ee
Sales in II months were S429 1856. OF:
against S426,974,8l5 a year ago, al
increase OF U.5o,.
Freight LOadings in the week
ended December totaled 1862, 15s
cars. a gain Of 5.2ro over the pre-
vlous week and 1885,, above the Ike
1912 week. the Association OF
American Railroads disclosed.
Republic Steel Corp. was AWARDED
81 .586,4l5 by Federal Court Jury
IN Cleveland as compensation fol
the taking of its Monroe mich
plant by Defense Plant Corp. under
the War Powers Act. Republic con-
tended the plant is worth s3.357 1854
Brewing Corp. of America paid tc
the Treasury treble damages of s44 :
1925 as g result of Federal Court
action filed by the Detroit district
office of OPA. Judgment was paid
to the Treasury through the court
OPA contended price regulations
were violated in selling 295. .855 cases
of beer from August Is TO November
l8 1943.
FairchiId Aviation Corp. earned
S977,429 or $3.50 a share in ninc
months ended September 80, com
pared with s669.568 or sl.99 a share
in the same 1912 period.
Western Airlines. Inc, earned
sl24.3 .308 or 80 cents a share in nine
months ended September 30. com
pared with S502,835 or Sl.22 a share
in the same period last year. There
was a homecoming income item OF
S243 ,4l0 in 1912.
American Power & Light Co
earned Sl8.l99542 or Sl0.27 a share
on the combined Sc and S. preferred
shares in dividend arrears. durinc
the year ended September 30. com
pared with S6,786,736 or So. SO on the
same shares in the previous year.
Great Atlantic & Pacific Tea Co.