Evening star., 1943-10-28
Business Briefs

Bank Clearings in % leading
cities totaled 1896 ,975, 900 in the
week ended October 27, compared
with $999l 400 900 in the preceding
week, but were 25oo above $7,l20,-
$4,000 in the corresponding week
last year, Dun & Bradstreet, Inc,
announced. Important city gains
over a year ago: Omaha, 336Go;
Minneapolis, 3l2fo; Houston, 272%e;
Denver, 1897; st. Louis, 209qo;
Kansas City, 20ec. Seattle reported
a decline.
Freight Loadings in the week
ended October % totaled 905 ,3l9
cars, drop of 80 from the pre-
ceding week, but 30 above the
corresponding period last year, the
Association of American Railroads
disclosed.
Aluminium Co. of America stock
holders approved an increase from
l 100000 shares to 100000 in capital
stock and authorized directors to
dispose of the new shares for con-
sideration of such character and
value" as the board shall from time
to time fix or determine"
United States Rubber Co. has re-
converted mills at New Bedford,
Mass, and Shelbysville, Tenn, from
manufacturer of duck to tire cord
production. The company now has
four mills producing tire cord in line
with the Governments program for
more tire cord for both military and
civilian needs.
Shell Union Oil Corp. earned
$7,774 029 or So cents share in the
september quarter, compared with
81 $40 693 or 35 cents a share in the
same 1912 period. The latest result
is subject to renegotiation. but after
100000 provision for postwar
adjustments and other contingen-
cieS.
Standard Brands, Inc, earned
s6,860, 1855 or s195 a share in nine
months ended September 80, COM
pared with $4,824,7l4 or S1.3l share
year ago. In the September quar-
ter, net was s2,143868 or so cents
share, compared with S1.959,837
or 55 cents a share a year ago.
United Drug. Inc, earned S1.863.-
GIT or sl33 share in the nine
months. compared with s1.585 ,628
or sll3 a share year ago. In
the last quarter, net equaled 46
cents a share against "A cents in
the same 1912 period.
Freeport Sulphur Co. earned s678,-
280 or IS cents share in the Sep
tember quarter, compared with
s64l,6l9 Or 80 cents a share in the
same quarter of last year.
Air Reduction Co. earned S1,8l9,-
1876 or 81 cents a share in the Sep
tember quarter, compared with
81, TAI ,528 or 81 cents a share a year
ago
Otis Elevator Co. earned s1,973.235
or "a cents share in nine months
ended September 30, compared with
81 2,237 ,588 or 81 cents in the same
1912 period
Libbey Owens Ford Glass Co.
earned s2,787, ,795 or S1l0 a share in
the first nine months of this wear
compared with $1,075.l76 or 43 cents
a share year ago. Dividend action
for the last quarter of 1943 will be
taken at the November board meet
ing.
international Business Machines
Corp. earned $7525,2 ,2O8 or 1924 a.
share in nine months ended Sep
tember 80, compared with s7,096,4
or S7.17 a share year ago.
National Cash Register Co. earned
$2,5l7,93l or $1.54 share in the
nine months. compared with S3,276,-
900 or LAO a share in the same 1912
period.
Remington Rand, Inc, estimated
net income for six months ended
September 80 would approximate
$1,775,0 900 or 78 cents a share, COM
pared with s2,203,OOO or s1o3
share in the same period last year
Profits for the September quarter
were estimated equal to 43 cents a
share against SO cents share a
year ago.
Phillips Petroleum Corp. earned
$3,593,857 or 76 cents a share in
the third quarter of this year. COM
pared with $3,749,913 or "a cents a
share year ago.
Republic Steel Corp. earned 81
52,869 in the third quarter, COM
pared with $2,581 100 a year ago.
Net for nine months ended Septem-
ber 80 was $8,456,60 against $10,-
653 ,221 in the same 1912 period.
Commercial Solvents Corp. earned
$768, ,305, or 20 cents a share, in the
September quarter, compared with
$527 ,0l6, or 20 cents a share, in the
same period last year.
Reliable Stores Corp. earned $249,-
119 in the September quarter, COM
pared with 1888 loss in the same
1912 period. For IL months ended
the same date, net was $972, ,657
against $386,700 in the preceding
year. Sales in the last quarter to-
tailed 81, ,626, against $2,542,561 a |
year ago, while for the IL months
they totaled $13 1892 SAT, against $12,-
808, ,844 in the preceding year.
Dawson Chemical Co. earned
S247186 or 53 cents q share in the