Evening star., 1944-06-29
Business Briefs

Bank Clearings in % leading cities
climbed to new 14-year peak of
S12, ,322 ,015,000 in the week ended
June %. compared with $11, ,362,-
114,000 in the previous week, and
were 45.1eo above So, ,4S3 ,538 600 in
the like 1913 week, reported Dun &
Bradstreet, inc.
Coal Production in the year be-
ginning April / will fall 3S 900 900
tons short of requirements and
conservation is the only answer"
said Davis NJ De Bard, deputy di-
rector of WPB's conservation divi-
sion, at conference of Third Serv-
ice Command Army officers at
Frederick, Md.
Crude Oil Output set a new all
time record of 4,583 200 barrels a
day In the week ended June "a.
compared with daily average of
3,954,S00 a year ago. Gasoline
stocks on June "a totaled 86 900 900
barrels, compared with IS 1868, 900 a
week earlier ana 78,96O0OO a year
ago.
Freight Loadings In the week
ended June "a totaled 881 ,267 cars,
a gain of .29o from the previous
week and 1880 above a year ago,
the Association of American Rail-
roads announced.
More than $4,000, ,000,0 vas in
vested by life insurance companies
Of the United States in mortgages
and securities during the first four
months Of this year. the Institute
OF Life Insurance disclosed. Gov
eminent securities represented 76%
OF the total. The companies now
have $3.50 of their assets in Federal
issues.
Guatemala Will PAY it's entire
foreign debt of S8,05O0OO imme-
diately, including S6,150,000 to Brit
lsh bondholders and $1,000 900 to
others believed to be mostly in the
United States.
United Gas Corp. reorganization
plan has been approved by the pub
lie utilities division of the SEC. 1t
providessfor 100000, 900 first mort
gage and collateral trust bonds. to
be issued to the public, and slO6.-
$4,000 par value new common
stock. Electric Bond & Share, par
ent firm, would receive $4,000 900
cash in settlement of all claims.
Todd Shipyards Corp. is handling
more than 100000 tons of ships a
month, compared with 100000 a
month a year ago.
American Power & Light Corp
earned s4.168, 1886 or s2.35 a share
on combined preferred stocks in the
March quarter, compared with $4,-
235.926 or $3.50 on the combined
stocks in the same 1943 period.
Chicago Yellow Cab Co. earned
S93 1855 or SO cents share in the
March quarter, compared with
Sl29,585 or 40 cents a year ago.
New York, New Haven & Hart
ford Railroad net for May was ST..
943,9 VS.. $2,465, ,120 a year ago, fol
five months. $6,925. TAI VS.. 1888 ,654
Virginian Railway net for May was
S424 ,054 VS.. S406, ,063 a year ago; fol
five months, $2,164 951 VS.. So, ,157 ,229
Atlantic Coast Line Railroad ne,
for May was $I,4l2, 1877 VS.. $1,61l TIA
a year ago; for five months, S7,370,-
976 VS.. s9.223,170.
General Aniline & Film Corp
Iion bCCl liloiOuSlIiy hliiGIlCdIllZSC
and has made available for use
against the Nazis two German-dis-
covered war products important in
making electronic equipment, Pres
ident George w. Burpee announced
United States Rubber Co. has de-
veloped wafer thin rubber to replace
wood in separating plates of storage
batteries. Chief advantage is that 6
battery can be fully charged at the
factory and shipped without acid.
United Drug Co. declared quar-
terly dividend of $118A a share or
the ~ % cumulative preferred stock
payable August ! to holders of rec.
ord July Is.
Southern Indiana Gas & Eiectri,
Co. plan to reduce the stated capi.
tai Of 100000 shares from SIS 500 .0Ot
to s3,335 y644 without reducing tn,
number of shares will be considered
at an SEC hearing July 10.