Evening star., 1944-09-14
Business Briefs

Bank ClearlngS IN "a leading cities
totaled $9.3ll $4,000 in the week
ended September l3. compared with
S8,034 398,000 in the preceding hol-
lday week, but were we'll below $10,-
429 100000 in the like 1943 period
Dun & BradStreet. Inc. reported.
Cash Dividends in August amount
ed to Sl32 400 900, a drop of $50
from year ago, the Commerce De-
partment reported. In the first 8
months Of this year. payments to-
tailed S2.1l3 900 900. an increase of
28ro over year ago
NewSprint Production in North
America during August totaled 348.-
$50 tons, compared with 326,083 in
the previous month and 349,418 a
year ago. the NeWsprint Service Bu-
bureau disclosed. In months. the
total was 2,634050 tons VS.. 2,653,62O
in the same period last year.
"Nicious and Unfounded" was the
reply of f. R. Breech, president of
BendiX Corp to a statement made
by a Justice Department official that
the German government was a
silent partner" in prewar agree
ments between German industrial
concerns and BendiX,
Sweet Potatoes Yield More AIco-
hol per acre than grain or sugar
cane, the American Chemical Soci-
ETY. was told by scientists of Joseph
E. Seagram & Sons, Sweet potatoes
for industrial alcohol offer a new
possibility for postwar farm and in
dustrial expansion in the South
they said
A New S15,000,o 900 Oil Pipe Line
running 1,100 miles from central
Montana to Seattle will be started
early next year by the North Pacific
Pipe Line Co.
Electric Power & Light Co. and
subsidiaries earned s1.352,5l9 OF
SITS a share on combined preferred
stocks in the June quarter, COM
pared with $1,678,083 or S218 in the
same 1943 period
StOkley Bros. g. CO., Inc, net for
II months ended May 81 was 81
227.200 or $237 share, compared
with $l,080,535 or S1.45 in the pre-
vious year.
United Wall Paper Factories, Inc.
earned S526,907 or Al cents a share
in II months ended June 30. COM
pared with s384.792 or 80 cents in
the previous year.
United Gas Corp. and subsidiaries
earned sl.704,l57 or 1919 a share
on the first preferred in the june
quarter, compared with S1,765 $40 cl
S39 on the first preferred a veal
ago.
Oppenheim. Collins e. Co, Inc.
net for II months ended July 81 was
$340254 or $170 share VS.. 1921 ,23t
or $160 in the preceding fiscal year
Atlantic Coast Line Railroad re-
ported net income of $9,458,149 oil
S1l48 a share for months ended
July 81 VS.. Sll .257,l80 or $13.66 in
the same l943 period.
Rutland Railroad reported net los.
of S2l3,752 for months ended July
81 VS.. deficit of $4,000 year ago
Pathe Industries, Inc, declared ar
initial dividend of ST a share or
the Az cumulative preferred stock
payable October l to holders of rec
ord September 20.
American Gas e. Power Co. plar
to sell Birmingham tAla.) Gas Co
to Southern Natural Gas Co. will be
considered at an SEC hearing Sep
tenber %.
American Gas Association will
spend Sl,400,000 a year for 3 years
for an expanded program of indus
try research, national advertising
and general promotion.
Bethlehem Steel Corp. shipyards
have Navy orders extending into
l947. reported President Eugene G
Grace.
Delaware & Hudson Railroad
merger of the Rensselaer, g. Saratoga
Railroad was approved by the ICC
Nash Kelvinator Corp. will launch
. program aimed at tripling Its
prewar production as soon as re-
conversion is permitted, said Pres
tdent George W. Mason.