Evening star., 1944-07-20
Business Briefs
Bank CIearines in % leading cj

Bank Clearings in % leading cities
totaled $l0,663 1856, 900 in the week
ended July 10. compared with So
1892 100000 in the previous week and
were 239oc above S8,6O7 ,012,00O in
the like 1943 week, reported Dun &
Bradstreet, Inc.
Freight Loadings in the week
ended July IS totaled 9O4,8O4 cars, a
gain of 214oo from the preceding
week and 31os above a year ago,
the Association of American Rail-
roads announced.
Cash Dividends publicly reported
in the United States during June
totaled s444 100000 VS.. $4l5, 100000 a
year ago, the Commerce Depart
ment revealed For the first half,
the total was 100000 VS.. ST.
583 900, 900 year ago.
Pullman, Inc, directors have de-
cided to dispose of the firms sleep
ing car business and will prepare a
plan to submit to Federal Court at
Philadelphia by October 5.
Great Northern Railway will call
for redemption $1l9.887, 700 of bonds
and notes. Funds will be provided
from its treasury and sale at COM
petitive bidding of 100000 900 OF
new general mortgage bonds.
Baltimore e. Ohio Railroad has
arranged to pay off s42,l91 900 OF
publicly held secured notes due on
August /, President Roy B. White
announced after a directors meet
ing.
Cotton Mill Operations in june
we're at 1857 of capacity. COM
pared with 1877 in May ano
1907 a year ago, the Census Blu
reau estimated.
johnson & Johnson Offering oi
1882 common shares and 1921
second preferred shares was mar
keted at $35 and $l06 share, re-
spectively
General Electric Co. profit avail
able for dividends in the first hall
was $20,77O, TOO or 72 cents a COM
mon share VS.. S2l ,O6l ,629 or Z;
cents a year ago Shipments totalec
S693 ,070 838 VS.. $626,87l.7l6; orders
$8ll ,023 900 VS.. S941 529. 300
Loblaw GrOceterias Co. earned
$1.045 400 or 26 in II months end.
ed June 3 VS.. sl,036, ,742 or SIPS ir
the previous year.
Continental Steel Corp: net fol
first half was $323,379 or Sl61 VS.
S334,338 or Sl49 a year ago.
Texas Pacific Coal e. Oil Co
earned $938.990 or sl06 a share ir
the first half VS.. $489 ,951 or SIS cents
a year ago
Brown Forman Distillers Corp
net for IL months ended April 81
was 81 ,073, ,8O8 VS.. $545, ,454 in the pre-.
ceding year.
Allen Industries, Inc, earned
$206, $50 or 70 cents in the first hall
VS.. s167 1888 or 64 cents a year ago.
Loft Candy Corp. earned $448, ,7O(
or 80 cents a share in six months
ended June 80, compared with S378,.
218 or q cents year ago.
Beech-Nut Packing Co. net for 81,
months ended June 80 was $l,267.
402 or $3.50 VS.. $l,325,028 or 5000 {
year ago.
Erie Railroad received a high biz
Of 100.l285 for 17sqo obligations
from the Guaranty Trust Co on al
offering of $3.620,000 equipmen
trust certificates.
Chesapeake e. Ohio Railway wa
authorized by the ICC to ISSUE
S2,500,0O0 Of second equipment trus
certificates to be sold at 100.0875 O.
par and with interest at IA 20.
Marathon Corp. offering of So
900 shares of SO cumulative pre-.
ferred stock was marketed at $103. .7s
share by a group headed by Lee
Higginson Corp.
Union Pacific Railroad purchased
IS new steam locomotives for $10,-
O00, 600.
Massachusetts, Investors Trust re-
ported net assets of $153,547,373 OF
s22.22 share on June 80. compared
with ,34l,829 or $20.95 on
March 81.