Evening star., 1943-08-26
Business Briefs
Bank CIearings in % leading

DAY TO ST AT, ) 181 600 compared with
1885 ,0S2, 900 in the previous week,
but remained 1857 above $685.
341 900 in the corresponding 1912
week, Dun g. Bradstreet, Inc, re-
ported. Important city gains over
a year ago: New Orleans, 57.9%;
Omaha, 52.79e; Minneapolis, 36.3%;
San Francisco, 319%; Houston,
26.7%. Pittsburgh clearings were
down 8.2%s.
Freight Loadings in the week end
ed August 81 totaled Ss1, 1877 cars, a
gain of SO over the preceding week
and an increase of 2.595 over a year
ago, the Association of American
Railroads disclosed.
Gasoline and Fuel Oil Supplies
for civilians on the Eastern Sea-
board were 36.8qo of normal on Au-
gust 81, compared with 34.5% a
week earlier, the American Petro-
leum Institute announced. The
latest figure marked one of the
largest weekly gains for the year to
date. Nationwide gasoline stocks
rose to 72,815,OOO barrels against
72,505, 900 week earlier. PRODUCE
ton for the week increased to 49,
$4,000 barrels, compared with H.
1900 in the preceding week.
West Texas Utilities Co. proposal
to sell $18,000,000 first mortgage
bonds, due 1878, was approved by
the SEC. Proceeds will be used to
redeem West Texas outstanding
34T first mortgage bonds, due 1869.
The commission also permitted the
Today competitive bidding period
to be shortened to six days. The
company is a subsidiary of Ameri-
can Public Service Co.
American Cyanamid Co. earned
1929, ,534 Or $122 a share in six
months ended June 30, compared
with $2,395, 1878 or 81 cents a share in
the same 1912 period
Grumman Aircraft Engineering
Corp. announced tentative net in
come of $1,697,10 for six months
ended June 30, but said the amouat
might be reduced by renegotiatiorr
of Government contracts. Net for
the first half of 1912 was s4,558,944
or $897 share.
Servel, Inc, earned s1,074,358, or
81 cents share in nine months
ended July 81. compared with s58.683
or 3 cents share in the same 1912
period.
Foster-Wheeler Corp. earned ST.
390.578 in six months ended June 30,
compared with 679,55O year ago.
Virginia Carolina Chemical Corp.
earned $978,376 or $3.50 a share on
the SO preferred stock in the fiscal
year ended June 80, compared with
81 ,345, ,703 or $6.31 a preferred share
in the preceding year.
Julius Kayser Co. earned 81, ,035, ,419
or S2.79 a common share in the fiscal
year ended June 30, compared with
$1,110,741 or 1892 a share in the
preceding year.
Tennessee Corp. earned $731 ,322
or "a cents share in six months
ended June 80, compared with $514,-
$40 or 60 cents share year ago.
Sperry Corp. earned $4,242,813 or
$2l1 a share in the first half of
1943, compared with S2,394,237 or
S1.19 q share in the same period last
year.
Chain Belt Co. earned $79S ,376 or
$1.64 a share in the fiscal year
ended July 81, compared with 1884,
497 or $l92 a share in the preceding
year.
Reading Co. reported net railway
operating income of $1,288395 for
July, compared with $1,940,798 a
year ago. Net for seven months was
$11 ,240,370, against $10,s71 ,9s1 year
ago.
Illinois Central announced July
net income of $l,341,4 ,425, against
$2,080,062 in July, 1912.
Meade, Johnson g. Co, earned ST.
055, 5,072 or $5.73 share in six months
ended June &c. compared with $780,
829 or $3.46 share a year ago.
West Virginia Pulp & Paper Co.
earned $2,322,172 or $3.50 a share in
nine months ended July 81, COM
pared with S2,3l4,151 or $1.79 a share
in the same 1912 period.