Evening star., 1944-09-06
Business Briefs

Government Deposits in member
banks of 10l leading cities totaled
s11.146,0O0,0 900 on August 80 drop
of 1888 900 900 from a week earlier
but 5000 ,000000 above a year ago
the Federal Reserve Board reported
Holdings of Government obliga-
tions totaled SAL ,675 100000, de-
cline of 5000 100000 from week
earlier, but S7,575 100000 above a
year ago.
War Cargo Shipments are moving
at the rate of 1.400 month or one
every 80 minutes, the VISA an
nounced With almost 27,000,00C
tons of dry cargo handled in the
first half, the 1914 total may exceed
the record of 47,O0O 900 set in 1943.
Commonwealth & Edison Corp
dividend of sl25 on ,482 900 shares
of preferred stock was authorized by
the SEC, payable October 3 to hold
ers of record September 19.
Edward G. Budd Mfg. Co. offer
ing of $4,000 shares of SIS cumulative
prior preferred stock was marketed
at s67.375 share by a group headed
by Ladenburg, Thalmann & Co.
Western Union Telegraph Co.
stockholders approved issuance of
$24. 100000 of new convertible 90
year debentures to finance retire
ment of S25,0OO000 of SO bonds,
due 1851. New debentures would be
convertible into class A stock at not
more than 20 shares per $1,000 de-
benture in the first 10 years.
H. r. ,zJ- -
refund $130,000, 900 of securities will
be considered at an SEC hearing
September %.
Gulf, Mobile & Ohio Railroad
asked ICC permission to issue $10,-
100000 of series D mortgage bonds
for refunding purposes.
Transamerica Corp. purchase of
Axton-Fisher Tobacco Co. is being
investigated by the SEC. Axton-
Fisher has been ordered by District
Court at Louisville to produce cer-
tain evidence for the commission.
Lerner Stores Corp. earned ST.
229,471 or $3.50 s share in months
ended July 81, compared with ST.
329 ,903 or So IA year ago.
Paraffine Companies, Inc, net for
IL months ended June 80 was ST.
0i5 ,604 or $4.03 share VS.. $780,
08l or $3.04 in the previous year.
Thermoid Co. profit for 6 months
ended June 80 was S324,073 or Al
cents share VS.. $3l9,19 or 81 cents
on fewer shares year ago.
Diana Stores Corp. net for the
fiscal year ended July 81 was $685.
9l3 or $152 a share VS.. $220, ,389 OF
slS9 on fewer shares in the pre-.
vious period.
North American Aviation, Inc.
earned $6,790,323 or $198 a share in
IL months ended September 80, 1943
compared with $7,370,6 ,626 or $2.15 In
the preceding fiscal period.
Fr0edtert Grain g. Mailing Corp
net for IL months ended July 81 was
S790,064 or $1.85 VS.. 1851 $50 or $1.6s
in the previous year.
Southern Pacific System net for ,
months ended July 81 was $26,861, ).
519 or $7.12 a share VS.. $40 9,075 Alb OF
$l3.0l a year ago.
Norfolk Southern Railway net fol
I months ended July 81 was $l58 20:
VS.. $388,902 in the same l943 period
West Coast Power Co. plan to sci
Idaho electric properties to Idaho
Power and water properties at Hal.
ley, Idaho, to that city was approved
by the SEC.
I Sun Oil Co, which has marketed
only one grade of gasoline for years
will offer a premium gasoline IL
most of its sales districts soon. Il
will be called Premium Sunoco.
Cities Investing Co. acquired tn,
Forrest Theater, newest Broadwa,
legitimate house, for $260,000 casf
and will take possession on Angus
81, 1945.
Crown Cork g. Seal Co. acquired 6
2T-acre tract at Atlanta for o new
branch factory.