Evening star., 1944-01-18
Business Briefs
Demand Deposits in banks of

DeHdHu DcpoSltS III DdNkS Oh lUl
leading cities totaled S34 1903 600, 900
on January 70, an increase of S576,-
100000 from a week earlier and
S5,344 100000 above a year ago, the
Federal Reserve Board reported.
Loans for commerce. industry and
agriculture totaled $6,360 100000, a
gain of S25 100000 from week
earlier and S177 100000 above a year
ago. Holdings of Government obli-
cations totaled S36,044 100000 a
rise of Sl1 100000 from a week earlier
and s7,902 100000 above year ago.
Steel Production scheduled for the
present week represents 99ro of
capacity operations. compared with
1857 in the last week, the American
Iron g. Steel Institute estimated.
This indicates an output of 1,72O,9OO
tons against l,731000 last week.
A Wheat Shortage Is Predicted by
President Philip R. O'Brien of the
Chicago Board of Trade, unless the
food production program is changed
drastically. Warning that livestock
and poultry numbers were zoo great
for the feed supply" he added
should our production this year be
average or below average we might
AS we'll face a serious condition with
respect to supplies for domestic use
and for the armed forces abroad"
Anticipating Postwar Trade, six
Swedish industrialists have arrived
in Philadelphia to confer with
American importers and exporters
on resumption of business when the
conflict ends.
The Future of Banking will de-
pend on the manner in which banks
absorb the financing job after the
war, the New York Bankers Asso-
citation was told by Leo T. Crowley
foreign economic administrator and
chairman of the Federal Deposit
Insurance Corp. The job will de-
pend on the way banks contribute
to the maintenance of wartime pro-
duction standards in peacetime and
the way in which bank managers
go about the business of making both
their banks and businesses in their
communities profitable and service
able. he said.
American Airlines, Inc, appointed
Roger Williamson assistant to O.
M Mosier, vice president. and as
signed him to the Washington Of
flee. Morris Shipley also was as
signed to the Office here under Mr.
Mosier
United States Rubber Co. will
complete a $25 100000 expansion OF
tire-building facilities later this
year, lifting tonnage capacity more
than 30es above previous peak levels
said President Herbert E. Smith
Much of the expansion will result
from reconversion of the Eau Claire
ordnance plant from the making oi
ammunition to tire production.
Pullman Co. reported operating
income of S523,44l for November
compared with an adjusted income
of S65l $40 for November, 1912. Op.
Grating income for II months ended
November 30 was S5,728,O36 agains,
$8,521 ,439 in the same 1912 period
United Air Lines completed its
50,0O0th coast-to-coast flight yes
terday and set what officials believed
to be new record for long distance
air transport operation. The COM
pany made its first transcontinental
flight July and 2, 1927.
United States Steel Corp. and
subsidiaries will purchase $75,000,-
600 worth of Government securities
in the Fourth War Loan Drive
Chairman Irving S. Olds announced
Subscriptions will be allocated to
the various districts of the country
In which the Companies operate.