Evening star., 1944-12-14
Business Briefs

Bank Clearings in "a leading
cities totaled s10,209 ,557,0 7,00G in the
week ended December 13, drop of
20.4To from the 14-year record of
the previous week, but 1870 above
the like l943 week, reported Dun &
eradstreet, Inc.
Freight Loadings In the week
ended December 9 totaled 793, ,554
cars. a drop of 1870 from the pre-
vious week and 36qo below a year
ago, the Association of American
Railroads revealed.
Gasoline Stocks on December 6
totaled 80,880,000 barrels, compared
With 80,426,000 a week earlier and
Sa,855,0 a year ago, the American
Petroleum Institute disclosed.
Increased War Demand boosted
manufacturers bookings of new
business to new wartime peak o1
S13,700 100000 in October VS.. 313,-
200,0O0,000 in September and S13,-
1O0,000,O0 a year ago, the Com
merce Department announced.
United States Steel Corp. plans NJ
public financing after the war, de-
clared E. M. Voorhees,, Finance
Committee chairman. He revealed
s135, 100000 had been set aside fol
reconversion up to the end of 1943
United States Rubber Co. will re.
tire s29 100000 first mortgage anc
collateral trust 35s bonds, due 1858
on December 27 with funds raised
by sale of $30,000,000 10-year 2%
serial notes to more than 20 banks
Butler Brothers registered with
the SEC 100000 shares of cumula-
tive preferred stock, 41ago series
proceeds from which will be used tc
redeem outstanding convertible pre-
ferred shares and increase working
capital
Pennsylvania Railroad revenues
will reach $1,000,0O0, 5000 this year
for the first time in it's history, but
rising costs and taxes will cut profits
below 1943 and the same trend is
indicated for 1945, declared Presi-
dent M. w. Clement.
Corn Products Refining, Co. will
spend S10,000,000 to $12,000,000 fol
plant improvements in the first
postwar years. Profits for 1914 are
expected to exceed $3.50 a share by
a small margin VS.. $276 in 1943.
A. o. Smith Corp. and subsidiaries
earned ST. 1856 ,534 or $278 a share In
3 months ended October 81 VS.. ST.
229,178 or $2.46 in the same 1943
period
American Power & Light Corp
and subsidiaries reported net in
come of $13,675, 1923 or $772 on COM
bined preferred shares in IL months
ended October 81 VS.. $16,019,6O7 OF
S904 in the previous year
American Gas g. Electric Corp
and subsidiaries earned $12,070, 81;
or S231 in IL months ended Octo.
ber 81 VS.. $4,000, ,272 or $3.50 in the
preceding fiscal period.
American Distilling Co. official.
and other interests identified with
the company have repurchasee
1900 shares of common stock from
the Virginia ABC Board. The State
recently collected a whisky divi.
dend" on the shares.
OutbOard Marine g. Mfg. Co
stockholders will vote at the annua
meeting on proposed 2-for-1 stool
splitup.
Middle West Corp. capital dlstri
button of So a common share OF
December 20 was approved by tn,
SEC.
Republic Aviation Corp. declared
special dividend of Is cents com.
mon share, payable December %
lifting 1914 declarations to so cent.
VS.. Is cents in 1943. Company plants
are returning to a 58-hour week te
meet demand for Thunderbolt
fighter -bombers.
General Precision Equipment
Corp. acquired all stock of Askenis
Regulator Co. for an undisclosec
cash price.
American Hotel Association a
Chicago elected j. E. Frawley o,
Detroit, president to succeed Glen.
wood ]. Sherrard of Boston.