Evening star., 1943-10-07
Business Briefs

Bank Clearings in % leading cities
totaled $8.912 ,945 900 in the week
ended October 6, compared with
SO 9,320 ,a34,000 in the preceding week.
but were 20.9eo above $3.50 sol 900
in the like l942 period, Dun & Brad
street, Inc, reported. Important
city gains over a year ago: Mime
apolis, 49.3es Atlanta, 4129o Oma-
ha, 31.3%; Seattle, 306%; Cleveland,
28,4%o; San Francisco, 28T.
Gasoline Stocks il the week end
ed October 2 advanced to 70,12S,O 900
barrels, compared with 70,024,O0O a
week earlier, but remained we'll be-
low 78,080,000 of a year ago, the
American Petroleum Institute an
nounced. The index of Eastern Sea-
board civilian supplies of gasoline
and fuel oils advanced to 444qo of
normal from 43To week earlier, but
was below 596eo a year ago.
Railroad Earnings of class I car
riers in August declined to S84, ,6OO,-
900 after interest and rentals, COM
pared with net income of S89,243, ,435
in the same 1912 month, the Associ-
alton OF American Railroads dis
closed. Net operating income, be-
fore interest and rentals, was s124,-
SOL 400 against $135 ,928,942 in Aug
ust, 1912
BituminOus Coal Production in the
week ended october 2 approximated
l2,lO0,000 net tons. compared with
l2,075 900 IN the previous week and
was 4,3oo above II 1904, 900 in the
corresponding week last year, the
National Coal Association estimated
on the basis of incomplete loading
reports. For the year to date, pro-
duction approximated 444,6O5 900
against 436, 1895 900 in the same 1912
period
Freight LOadings in the week end
ed October totaled 910.643 cars, a
gain OF ~ oyer the preceding week
and above year ago by the same
margin, the Association of American
Railroads disclosed.
Westinghouse Electric & Mfg. Co.
will replace the Hudson Motor Car
Co. on October % as operator Of the
S60,0000 900 naval ordnance plant at
Center Line, Mich, the Navy's Bu-
reau Of Ordnance announced More
than 10000 employees were notified
they will be transferred en- masse TO
a new employer without Interrupt
ton Of work or pay.
Industrial Rayon Corp. will ex-
pand its Cleveland plant TO produce
an additional 100000 pounds of
rayon tire yarn a year, President
Hiram S. Rivitz announced. On
completion of the new expansion
which will be financed by the COM
! pany, Industrial RayOn will have a
rayon producing capacity of 70,0O0,-
900 pounds annually, of which A.
900 900 will be tire yarn. Before the
war annual capacity was $4,000, 900
| pounds.
Western Union Telegraph Co. may
soon undertake negotiations with
A. T. IL T. seeking acquisition of its
teletypeWriter and leased wire serv-
ices, it was indicated in New York,
where it was learned the telephone
company is taking an inventory of
such facilities.
Montgomery Ward & Co. sales in
September totaled s54.28O, ,42O, a drop
Of ll7", from s6l 495, ,O48 in the
same 1912 month. Sales for eight
months ended September 80 we're
s404 065 ,80l against s403, ,423,423 a
year ago. an increase of ~.
r. II. Macy & Co., Inc, earned
s3,546,776 or S2l4 a share in the
fiscal year ended July 81, compared
with s3,052 .294 or sl84 a share in
the preceding year.
Ex-Cello-O Corp. earned $1,000 265
or S4.0l a share in nine months
ended August 81. compared with
s2,523,572 or s633 share in the
same period last year.
Lerner Stores Corp. reported Sep
tember sales of s5,565.240 against
s5,2l6, 925 a year ago. gain of &C..
For eight months ended September
30 sales were s47.452O56 against
s40,853,533 year ago, gain of
221oc.
It's Common xsnxe fo ha thrifty