Evening star., 1944-10-19
Business Briefs

Bank Clearings in "a leading cities
totaled S9,417 1868 0G0 in the holiday
week ended September l8. compared
with $9,049, AL 900 in the preceding
full week, but were we'll below $l0,-
221, 1852, 900 in the like 1943 period
reported Dun g. Bradstreet, Inc.
Cotton Spinning Operations ir
September were at 1223ec per cen,
of capacity VS.. 1850 in the previ.
Gus month and 127.5cc year ago
the Census Bureau disclosed.
Freight Loadings in the week end.
ed october IA totaled 898,650 cars. q
gain of 24eo from the previous week
but l5eo below a year ago, the AS
Sociation of American Railroads re-
vealed.
Iron Ore Consumption by Great
Lakes blast furnaces totaled $780,
255 tons in September VS.. 7,493,474 6
year ago, in months, 65,954, ,18.
tons VS.. 66,358,698 a year ago.
Philadelphia Electric Co. accept
ance of a bid by Mellon Securities
Corp. and First Boston Corp. tol
100000 234ec bonds was ap-
proved by the SEC.
General Time Instruments Corp
registered with the SEC 38,38C
shares of Al % sl00 par value cumu.
lative preferred stock to be Offered
in exchange for like amount of 6 6oc
preferred on a Share-for share basis
plus ST cash and accrued dividends
A $4,000 900 Credit Fund to pro-
vide loans for small and medium
sized businesses will be created by
a group of Philadelphia banks.
Houston Lighting & Power Co
registered the SEC s30000,000 OF
first mortgage bonds to be offered
under competitive bidding. Pro-
ceeds will be used to redeem ST.
100000 of 312% bonds and add to
working capital
Industrial Rayon Corp. earned
Sl.397,684 or $163 a share in
months ended September 30. COM
pared with $l.l96,4 451 or $l.58 in the
same l943 period
Dome Mines. Ltd, net for 8 months
ended September 80 was $2.114,1O6 or
Sl09 a share VS.. S2,188,581 or SLIP a
year ago
Copperweld Steel Co. earned $685.
ended September 80, compared with
s691, ,624 or $1.20 in the same 1943
period.
Public Service Corp. of New Jersey
reported net income of S12,220, ,140
or 8S cents share in 9 months
ended September 80, compared with
1921 ,507 or 80 cents a year ago.
Rheem Mfg. Co. earned S908,9 or
sl.36 share in months ended
September 80. compared with $685.
652 or $2.04 in the same 1943 period
Van Raalte Co., Inc. profit was
S523,051 or 1884 share in 8 months
vs., $564,818 or 1891 a year ago.
Motor Products Corp. net for the
September quarter was $193,337 or 81
cents share VS.. $255, ,461 or IS cents
in the same 1943 period
Pennsylvania Railroad net for
months ended August 81 was S48,.
505,375 or $3.68 a share VS.. $68, ,178,.
338 or $5.17 in the same months last
year.
Chesapeake e. Ohio Railway ne
for 9 months ended September 81
was s20,989.0 .088 or $2.74 a shar
VS.. $23,637,179 or $3.O3 in the sam,
1943 peroid.
Seaboard Air Line Railway report
ed net of $6,375.917 for 8 month.
ended August 81 VS.. $15,194, ,435
year ago.
North American Aviation Co. de-
clared dividend of SIPS a share
payable December Is to holders O.
record November Is. Previous pay.
ment was 81 year ago.
Goodall Worsted Co. stockhold.
ers voted to merge the company
and Sanford Mills into a $23..
$4,000 firm to be known a.
Goodall-Sanford, Inc. Sanford
holders were to vote later.
Associated Gas e. Electric Corp
plans to simplify it's capital struc.
ture were approved by the SEC or
condition that NY PA NJ Utilitie.
Co. does not reduce its open-ac.
count indebtedness to the top hold.
Ing company below $24,000,O 900.