Evening star., 1944-06-23
Business Briefs


totaled $22 ,293 900 600, a decline of
$4,000 600 from a. week earlier, but
$3.50 100000 above a year ago, re-
ported the Federal Reserve Board
in its weekly summary of member
banks. Gold stock totaled $21, ,201, :
10000, drop of $10,000,000 from a
week earlier and 81 ,l86, 900 900 below
a year ago.
Department Store Sales in the
a year ago, while those for fouI
weeks ended the same date were ur
SO, the Reserve Board also dis
closed
To Meet War Needs the PAW
. called for record petroleum pro-
duction in July averaging 4,907 ,70(
barrels daily, an increase Of 20,60(
barrels a day over the previous peal
set this month.
Chicago Transit Merger Plan
were approved by the local trans
portation committee of the city
council. Under agreement with rep.
resentatives of bond holders, the
city's purchase price for street cal
lines would be around S75 100000
and for elevated lines, between
s13,650,000 and Sl4,500,000.
State Street Investment Corp.
with assets of about $50,000,0 900, has
entered into an agreement to ac-
Quire assets of Spencer Trask Fund
totaling about s1,750,00O, subject tt
approval of the latters stockholders
New Orleans Public Service, Inc.
subsidiary of Electric Bond g. Share
Co, asked the SEC to authorize is
surance and competitive sale of $34,
100000 Of first mortgage bonds, due
1874, and 77.798 shares of Sl00 par
value preferred stock for refunding
purposes.
Beatrice Creamery Co. called for
redemption on August l at $l05.5C
and accrued dividends, one-third of
it's outstanding cumulative pre-
ferred stock.
Walter Z. Heller e. Co. offering OF
27,500 shares of 5l2Go cumulative
preferred stock will be placed on the
market after the war loan drive by
F. Eberstadt g. Co.
Eastern Gas g. Fuel Association
earned 1927 800 or s5.66 share on
the second preferred stock in II
months ended May 81, compared
with s3,158,39 or $5.48 a second pre-
ferred share in the previous year.
Behn Aluminium & Brass Corp
net for the March quarter was S655,
993 or $1.86 a share VS.. $648,2 psf ol
Sl84 in the same l943 period,
United States Industrial Chem
icaIs, Inc, earned 81 ,680,279 or $44
a share in IL months ended Marcf
81, compared with sl,l52,675 or $50
In the preceding year.
Union Pacific Railroad net for fiy
months ended May 81 was sl3,652,
1876 or $3.50 a share VS.. S2l 1894 ,256 o
$9l5 year ago.
Pere Marquette Railway net 70
five months ended May 81 was ST.,
052.98 or $940 share on the frs
preferred. compared with $2,0l5. II.
or $18 on the first preferred in tn
same 1943 period
Consumers Power Co. earned 81,
663,792 in II months ended May 3
VS.. $7.750,52l in the previous year.
Sperry Corp. declared dividend
of 81 share. payable July Is u
holders of record July 3. Last yea
two payments of rs cents each wer
made.
Chicago g. Illinois Midland r.. r
was authorized by the Illinois Com
merce Commission to deliver 1000
redeemable shares of capital stoc
in payment of s1,000,000 cash ad
vance to be made to the railroa
by the Commonwealth Edison Co.
General Electric Co. director
elected John S. Farrar comptrolle
to succeed the late Ira D. LIE Fevre
Wright Aeronautical Corp. an
nounced the resignation of Myrol
B. Gordon as vice president an,
general manager of its engine com
pany.