Evening star., 1944-09-28
Business Briefs

Bank CiearingS In "a leading cit
les totaled O40. 734O00 in the week
ended September 81, compared with
Sl0.859 ,236 600 in the previous week,
but 34cc above S9,7l0l8l 900 in the
ike l942 period reported Dun &
BradStreet, Inc.
Gasoline Stocks on September %
stood at 78.372.000 barrels VS.. 78.-
10000 a week earlier and 69.O95 900
a year ago. Production declined
slightly in the week.
Freight Loadings in the week end
"d September % tota!ed 1913 SGT cars,
a gain of r., from the preceding
week. but II below a year ago, the
Association of American Railroads
announced
Sanford Mills and Goodall Wor-
sted Co. will be taken over by
Union Securities Corp. w V. Lang
ley g. Co. ana associates in New
York and Boston, who have agreed
to purchase control. The group will
pay $40 share for Sanford stock
and S55 for Goodall shares.
United States Steel Corp. author
lied redemption on November l OF
remaining serial debentures total
ing S27 100000 and due from l94s
to 1855. No new financing is in
vOlved
City of New York sold S25 900 OOC
If revenue bills to banking group
it an interest cost of 5 per cent
The bills mature in lettle less than
4 month
Utah Radio Products Co.'S offering
If SLID 900 4 : per cent convertible
iebentureS were marketed at 103
plus interest by a group headed by
Crittenden Co
Chesapeake & Ohio Railroad re-
ceived a high bid of 80 807 for 81
100000 equipment trust certificates
on a Il. per cent basis from Ma
tional City Bank of Cleveland.
Van Raalte Co., Inc, registered
with the SEC l292 28l shares of SIC
par value common stock. to be sold
to stockholders OF record October
Is on sharefor-S share basis.
Twin City Rapid Transit Co. reg
istered with the SEC $7,000,0O0 OF
~ collateral trust bonds, due 1864
Tor refQnGlng purposes.
Allied Stores Corp. earned SO l08,-
3l7 or 81 43 a share in months
ended July 81, compared with So
06296l or Sl38 in the same 1874:
period
Consolidated Laundries net fol
Sc weeks ended September wa.
S566424 or 81 63 a share VS.. S75 90;
or Is cents year ago.
G.. r. Kinney Co.. Inc, earned S237,-
863 or 1857 a snare on combined
preferred stocks in months endee
June 80, before renegotiation, com.
pared with S356,428 or $5.35 pre-.
ferred share in the l943 period.
United Electric Coal Companie.
reported net of $837, ,2O8 or sl.53 G
share in II months ended July 81
compared with S742.l33 or SLAP ir
the previous year.
Motor Products Corp. net for l.
months ended June 80 was S11l9,.
861 or $287 vs. $763, ,723 or S196 il
the previous year.
Pennsylvania Gas & Electric Corp
plan to transfer all stock holdings ir
Old Dominion Gas & Electric Corp
TO anOtner SUBSIDIARY, PETERSBURG q
FopeWell VA Gas Co. was ap.
proved by the SEC.
Standard Gas & Electric Co. man.
agement informed the SEC it does
not favor sale of Louisville Gas &
Electric Co. to the city of Louisville
KY, at a price that will yield less
than S25 a share in liquidation or
common stock. An informal offer
of $83.000000 would yield only
around 5000 share, the SEC was
told.
PENNSYLVANIA Central Airlines or
dered Is DC-4 transport planes
from Douglas Aircraft Co. for post
war delivery at cost of nearly $l0,.
100000.
Chase National Bank elected Jere-
mlah Milbank a director.