Evening star., 1943-08-06
Business Briefs

4 totaled sl8,014, 100000, a gain OF
s2l5, 100000 from a week earlier and
an increase of $5.220, ,000,0 900 over a
year ago, the Federal Reserve Board
reported in its weekly statement on
the condition of member banks
Lendable reserves of the banks in
creased $10,o00,0oO in the latest
week and stood at $1,000 900 900 on
August 4. Holdings of treasury
bills increased s214,0OO0 900 In the
same period.
Freight Loadings in the week
ended July 81 totaled 8S5,5l4 cars,
gain of 30 over the preceding
week and an increase of 2.5oo over a
year ago, the Association of Amer
ican Railroads disclosed.
Further Increases in farm values
brought a warning from the Bu-
reau OF Agricultural Economics that
current developments in the land
market offer a Striking parallel" to
those Of the First World War which,
it said, eliminated in the 1919 land
boom and subsequent collapse.
Farm land values advanced 80 be-
tween March and July, the Bureau
said.
Radio Corp. earned s4918,794 or
23.9 cents a share in the first half
OF l943, compared with $4,996,O17 or
24.4 cents a share in the same 1912
period. Provision for Federal in
come taxes was $l4,204,80O in the
six months, compared with S9. .434, TOO
year ago.
Standard Oil Co. of California
earned $8,726,387 or 81 cents share
in the second l943 quarter, compared
with $7,S67 084 or 60 cents a share a
year ago. Net for the first half was
SIS, 1868 or $1.16 share, COM
pared with $13,324,O36 or s1.02 a
share year ago. Directors declared
dividend of so cents a share, pay
able September Is to holders of rec
ord August 16
Paramount Pictures, Inc, earned
1887 900 or $197 share in six
months ended June 80, compared
with $5,823,000 or $1.88 a share a
year ago.
Proctor & Gamble Co. earned
s20,677,0 ,054 or $3.13 share in the
fiscal year ended June 30 compared
with $21 1924 or 1926 a share in
the preceding year. Sales totaled
$311 ,496,273 a new record, which
compared with the previous peak of
$2S2, ,202,502 set in the preceding
period.
Pure Oil Co. earned approximate
ly $500, 900 or 90 cents a share in
the first half of 1943, compared
with s6,782,o00 or $1.21 a share
year ago.
General American Transportation
Co. earned 81 ,068, ,317 or $1.02 a share
IN the June quarter, compared with
1927 ,849 or so cents a share a year
ago.
Ohio Oil Co. earned $6,432, ,526 or
81 cents share in six months ended
June 80, compared with s5,S43, 1874 or
70 cents a share year ago.
Parke, Davis e. Co. earned $685.
704 or 80 cents a share in the first
half, compared with $3,149,165 or 64
cents share in the same 1912
period.
Pennsylvania Water e. Power Co.
earned $1,074,345 or $2.37 a share in
the first half, compared with s1,O81.-
789 or $3.50 share year ago. Di-
rectors declared dividends of 81 a
share on the common and SIPS a
share on the SIS preferred, both pay
able October to holders of record
September Is.
Briggs Manufacturing Co. and do
mestic subsidiaries earned 81 ,236, $50
or 63 cents share in the second
1943 quarter, compared with s1,OlO,-
995 or So cents a share in the same
1912 period.
Phelps Dodge Corp. earned So
777,739 or $1.34 share in six
months ended June 30, compared
with $5,532 ,999 or s1.os a share a
year ago.
Stone e. Webster and subsidiaries
earned $736,544 or IS cents a share
In the first half, compared with
$685. or 80 cents a share in the
first half of 1912