Evening star., 1944-07-06
Business Briefs

Bank Clearings in % leading
cities totaled S9,644,237 900 in the
holiday week ended July 5, COM
pared with a l4-year record of Sl2.-
322,0l500 set in the previous full
week, but were 276eo above S7,557,-
$4,000 in the like 1943 week, re-
ported Dun & Bradstreet, Inc.
Electric Power Production in the
week ended July rose to 1927 1853. :
600 kilowatt hours, compared with
4325,4l7,000 in the previous week
and was So about 4,110,7 1893 900 in
the like 1943 week, according to the
Edison Electric Institute.
General Motors Corp. is planning
an s18,0000 900 war plant for its SUBJ
sidiary, Fisher Body Co., at Cincin.
natl, it was disclosed when the
Pennsylvania Railroad asked the
city's permission to build an under
pass in the east end of Cincinnati
GIN officials declined comment, bu,
indicated an announcement might
be made later this week.
Potomac Edison Co. filed with the
SEC a plan to purchase all securi-
ties of four Republic Service Corp
subsidiaries, Page Power Co., Madi-
son Power Co., Massanutten Powe,
Corp, and Massanutten Water Corp.
for base price of $1,936 ,069.
New York Bank Earnings in.
cluded: Chase National Bank, sl.2;
a share in the first half VS.. SO cents
share a year ago; Bankers Trust
Co., S1.92 a share in half vs. $164
a year ago: New Yro kTrust Co.
S3.4l share VS.. $286.
American Potash g. Chemical
Corp. properties are being appraised
and American investors soon NAV
be able to buy stock in the concern
declared Francis j. Mcnamara, as
slstant alien property custodian.
National Automotive Fibres, Inc
registered with the SEC IS, $40 shares
OF 81 par value common stock to in
crease working capital and provide
funds for reconversion. Underwriters
will be headed by Reynolds & Co.
Firestone Tire & Rubber Co
earned S6,626,652 or S288 a share in
six months ended April 30, compared
with s6,387, ,797 or $3.50 in the same
period year ago.
Schenley Distillers Corp. net for
nine months ended May 81 was sll.-
9l8,684 or $895 share VS.. S6.954, ,73s
or SIS a share in the same months
last year
New England Telephone & Tele-
graph Co. net for five months ended
May 81 was $3.805 ,942 VS.. S3,932, lbs
in the same 1943 period.
Southwestern Bell TELEPHONE Co
earned s6,396,430 in five months
ended May 81 VS.. $6,580,825 a yeal
ago.
Bulova Watch Co. net for l.
months ended March 81 was 1921.
849 or $591 a share VS.. s1.287 O6(
or S3.96 in the preceding fsca
period.
Ell Paso Natural Gas Co. earned
s2,333, ,236 or $370 a share in Il
months ended May 81, compared
with $2,337,165 or s371 in the pre-
vious year.
Selby Shoe Co. net for IL months
ended April 80 was $3.50, $50 or $l51
a share. before renegotiation, COM
pared with $332,078 or SLAP in the
previous IL months.
Greif Bros. Co0perage Corn
earned s326,456 or $50 share on
class A stock in six months ended
April 80, compared with $l94,819 OF
$304 on class A stock.
E. G. Budd Mfg. Co. received a
large Army contract for heavy ar
tillery shells.
Chicago Corp. has purchased from
Salt Dome OH Corp. and Pan Amer
ican Production Co. a 50To interest
IN leases covering 6,400 acres in the
Menefee gas field of Texas.
Phillips Petroleum Corp. reported
1t had opened what promises to be
an outstanding oil pool with the
start OF production at its No. Nc
MINI well, five miles south of Tyler