Evening star., 1944-08-17
Business Briefs

Bank Clearings in "a leading cities
totaled S8,988, ,525 900 in the week
ended August IS, compared with
S8,867 .568 900 in the preceding week
and were $50 above S8,688.2ll ,00O
in the like 1943 period, reported
Dun & Bradstreet, Inc.
Freight Loadings in the week
ended August II totaled 1896 l72 cars.
gain of go from the previous
week and 10 above year ago, the
Association of American Railroads
disclosed.
Government Expenditures and re-
ceipts are expected to continue al
about the same levels as in recent
months after a steady rise since the
start of the war according to the
Federal Reserve Board. Because OF
a large Treasury cash balance, bor-
rowing needs in the present hscaI
wear should decline to around S50,-
600 900 900, compared with $62.OO0,-
600 900 last year, the board said.
Gasoline Stocks on August II TO-
tailed 8l,2O3.O0O barrels, compared
with 8O,8Ol 900 a week earlier ano
II ,248.000 year ago, the American
Petroleum Institute revealed. Fue
oil supplies also increased moder-
ately. Gasoline production decreased
while crude oil output was uI
slightly.
Safeway Stores, Inc. reported net
income of s6,O62, PAT in the first half
of 1914. before provision for income
or excess profits taxes, compared
with S6,166,09l in the same l943
period.
International Nickel Co. of Can
ada, Ltd, earned Sl3 3686.390 or 81
cents share in the half VS.. Sl6,-
155, 5,457 or S104 year ago.
Crane Co. net for II months ended
June 80 was $5,725,83 VS.. 81, ,403, TAT
in the preceding year.
Raybestos Manhattan, Inc, earned
S88O,927 or ST 40 share in the half
vs.. $811,525 or S129 in, the same l943
period.
Associates Investment Co. net for
the half was S1,878,7 ,721 or $4.24 VS..
el516,173 or SO 18 year ago.
Commercial Credit Co. earned So
D40,059 or $151 share in the half
vs. $3,281049 or $164 in the same
l943 period
PENNSYLVANIA Railroad reported
net income of $29 1874 094 or 1927 a
share in six months ended June 80
VS.. $39,221, ,72l or $298 year ago.
Seaboard Air Line Railway net for
the half was s5.103.703 VS.. Sl3, ,778,-
BO8 in the same 1943 months.
West Penn Electric Co. earned So.
1882 in the half VS.. s2,708.178 a
year ago.
Philco Corp. net for the half was
s1,907,7l0 or $l39, after reserve fol
renegotiation, compared with ST.
526.282 or Sill in the same 1874;
period.
Thompson Starrett Co. reported
net loss of $73,622 in three months
ended July 81, compared with q
deficit of $18943 year ago.
Universal Cyclops Steel Corp
earned S465, $40 or SO cents in thu
half VS.. $594,565 or $l19 in the same
l943 period.
Mutual Telephone Co. of Honolul,
registered with the SEC 100000
shares of $40 par value capital stocE
20 be offered on the basis of one fol
zach five shares presently held.
Curtiss- Wright Corp. announced
is subsidiary L. G. S. Spring
Clutches Corp. had purchased l.
). S. Spring Clutches. Inc, In
Annapolis.
Continental Industries. Inc. &C
luired Franklin Machinery & Foun-
Try Co. and A, w. Harris Oil Co
If Providence, r. L.; Kensington
Shipyard & Drydock Corp, Phila.
ielphia: Walsh Holyoke Steam Boil
r Works, Holyoke, Mass, and Lii
Dert Motors 6S Engineering Corp.
Baltimore. Chester A. Bolles is
toard chairman.
Crucible Steel Co. directors elect
ID w. P. Snyder. jr, board chair
nan to succeed F. B. Hufnagel
rho resigned.