Evening star., 1943-08-10
Business Briefs

Bank Loans for commerce. indus
try and agriculture in member banks
OF 1O1 leading cities totaled $5,678,-
100000 on August 4, a gain of s5O.-
100000 from week earlier, but
$1057 900, 900 below a year ago, the
Federal Reserve Board reported
Holdings of Government obligations
both direct and guaranteed, totaled
$34, ,464 100000, gain of 1892 900, 900
from a week earlier, and SIS 023 ,OOo.-
600 above a year ago. Holdings of
Treasury bills declined S240 900 900
in the latest week. At New York
City, the drop was $4,000 900; at
Chicago 1t amounted to $4,000 900.
United States Steel Corp. reported
shipments of subsidiaries in July
totaled 1,660,762 net tons. compared
with 1,552,663 in July and 1,765, TAG
IN July, 1912. In the first seven
a943 months, they totaled 11,70O,77
against 12,269,256 a year ago.
Port of New York Authority
awarded s14,281 900 general refund
ing "a % bonds to C. j. Devine &
Co. on bid of 1888. The bonds
were reoffered at 1922 and interest.
American WooIen Co. earned S4,-
290,431 or Sl226 a share on the 7qo
preferred stock, in arrears, compared
with $1,659, ,401 or $4.74 a preferred
share In the same 1912 period. In
the 1943 period, the firm set aside
S14 100000 for Federal taxes after
deducting $1,5O0,o00 postwar credit.
A contingency reserve of $1,000 900
also was set aside. Last year, taxes
called for sf3,100,000 and $1,000 900
went into the reserve fund.
Western Union Telegraph Co.
earned S3,619,122 or s3.46 a share in
the first half, compared with
$3,695, OLA or 1888 a share year
ago. The company set aside So 2,34S,-
900 for Federal income taxes, COM
pared with $2,l44, 900 year ago. In
IL months ended June 80 net was
S9,278,550 or S8.87 a share, COM
pared with $7,625 1855 or $729
share in the preceding year. Presi-
dent A. NJ Williams said gross reve-
nues SO far this year have estab-
lished new record.
American Locomotive Co. earned
S4,618,125 or $l312 a share on the
10 preferred stock, in arrears, in
six months ended June 30, compared
with $2,551,7 ,732 or $725 a preferred
share in the first half of 1912. The
company set aside $2,40oOO0 for
postwar adjustments and 0,730, 900
for Federal taxes in the latest
period. In the first half of 1912,
taxes called for $11,945,000.
Briggs e. Stratton Corp. earned
1921 ,312 or SITS a share in the first
half, compared with $53l, ,576 or LTD
share year ago.
Electric Storage Battery Co. and
subsidiaries earned $1,O12245 or
Sill share in six months ended
June 80, compared with 1892 ,593 or
S103 share in the same 1912
period.
Lion Oil Refining Co. earned
S6576 624 or s1.51 share in the first
half, compared with $563,362 or $129
a share year ago.
American Hawaiian Steamship
Co. earned $725,060 in the first half,
compared with $1,096,819 in the
same period last year.
Packard Motor Car Co. earned
81 ,974 ,489 in the first half, after pro-
sion of $9,913,411 for normal income
and surtax, and excess profits taxes.
Net for the same 1912 period was
SO 966, ISL. Shipments in the first
half totaled S168,622,3O8 against
$86, ,435 1858 a year ago. Untitled or
sers on July l totaled $3.50 100000
ThermOid Co. earned S482,90l or
90 cents a share in six months ended
June 80, compared with S38l,751 or
70 cents a share in the same 1912
period
Van Raalte Co. earned $406,269 or
S277 a share in the first half, COM
pared with S43l ,258 or $3.50 a share
a year ago
Cudahy Packing Co. declared a
dividend of S6 share on the 60
cumulative preferred stock and ST a
share on the ST cumulative preferred
stock, payable August 25, to holders
of record August 49, Payments will
leave arrearages of 50 share on
the So shares and $3.50 share on
the TO issue.