Evening star., 1944-07-13
Business Briefs

Bank Clearings in % leading cities
totaled s9,S32 100000 in the week
ended July u, compared with So
473.l29000 in the previous holiday
shortened week, but were only 3.7c6
above s8,9l6.372 900 in the like l943
week, Dun & Bradstreet, Inc, re-
ported. The gain over a year ago
was much smaller than in recent
weeks.
Freight Loadings in the week end
ed July totaled 745, ,l4l cars. a drop
of IT, from the previous week anc
1870 below a year ago. the Associa
ton of American Railroads revealed
Gasoline Stocks rose to 83.709,00C
barrels on July s, compared with
83,559000 week earlier and 1868
600 a year ago, the American Petro-
leum Institute disclosed. Supplies
of light and heavy fuel oils also in
creased in the latest week
Short Interest on the New York
Stock Exchange on June 80 totalec
1,207970 shares, compared with l.
ISL 293 on May 81, excluding odd lot
accounts. Short interest on odd-lot
dealers accounts was 39,587 VS.. 49,.
699 month earlier. Largest item!
On the former list were 68825 shares
of WHY'S 562 of Pepsi.
Cola, 38,l97 of General Motors.
St. Louis San Francisco RaiIwa,
Co. capitalization would be increased
approximately S7,80O,O00 and fixeo
charges around $1,000, under sup
plement plan for reorganization APP
proved by hte ICC.
Chesapeake & Ohio Railway Co
awarded $2,50O,000 of 1914 serial
equipment trust certificates to Hal
sey, Stuart & Co. on its bid of 100-
0875 for 13,oo obligations, subject
to ICC approval.
Sunray Oil Corp. announced u.s.
695 shares of Az % cumulative con-
vertible preferred had been rendered
for redemption at $40 a share, its
par value.
American Machine & Metals Co.
Offering of $2,000,000 15-year Az e.
marketed by Hornblower & Weeks
and associates at 500 and interest
Proceeds, with funds received from
an offering of $3.50 shares to stock
holders at 50 share, will be used
to pay off bank loan
NJ. A. Hanna Co. announced its
subsidiary, Manganese Ore Co. had
developed the largest open pit de-
posit of good grade manganese ore
available in America at its Three
Kids mine near Las Vegas, Nevada.
Wright AerOnautical Corp. has de.
veloped a new engineering desigr
which permits more power to be
taken from air-cooled aircraft en-
gines and will have 24000,000 pounds
of alloy steel year in the manufac-
ture of Cyclone engines.
Marine Midland Corp. earned ST.
134832 or SO cents a share in six
= months ended June 80, compared
18th sl,649,922 or 81 cents in the
aame 1943 period.
E. G. Budd Manufacturing Co. net
for 1943 was S2,008,137 or $9l20 a
hare on the second preferred, after
provision for renegotiation, COM
pared with a 1912 profit of $l,302,-
20 or s2l 81 on preferred stock then
outstanding, after renegotiation.
Budd Wheel Co. net for 1943 was
s1,4l3,278 or 81 46 share, after pro-
vision for renegotiation, compared
with S142, ,269 or Is cents a share in
1912, after renegotiation.
Transcontinental e. Western Air
set new mail-eXpress record of
493!052 pounds in June, jump of
27Go from year ago. The total
included 258,0l3 pounds of mail and
235 .O32 pounds of express.
Chicago Flexible Shaft Co. stock
holders amended the company S
articles of Incorporation to change
the 10000 shares of IS par value
stock to $4,000 shares Of no par
value. New stock will be distributed
On a three-for-one basis.