Evening star., 1944-09-26
Business Briefs
\ 500, 100000 Credit Pool

SlOO,O0O0OO Credit Pool to aid
small and medium sized business in
the reconversion and postwar pc
RODS was organized by group of %
New York banks Credit will be
made available to borrowers all over
the country through participation
by local banks.
Structural Steel Bookings in Au-
gust totaled 4O,299 tons, compared
with 1871 in July and 81 .563 a year
ago. reported the American Institute
of Steel Construction.
Gulf States Utilities Co. offering
If the unsubscribed portion of l20,-
100 shares of 50 preferred stock was
)laced on the market at sl06 share
by Stone &, Webster and Blodgett.
Virginian Railway Co. is consider
ing refunding S60000000 of first lien
and refunding 81 CO bonds of 1866
which are callable at lO6 Groups
we're reported being formed by Har-
.iman Ripley g. Co. and Halsey.
stuart g. Co. to bid on the proposed
.SSue.
Erie Railroad received a high bid
# 99l59 for Sl3000000 first and
Consolidated 81 = bonds from First
5oston Corp.
Pittsburgh. Cincinnati. Chicago &
It. Louis Railroad asked ICC au-
hority to issue S23, 735 900 of general
mortgage series E bonds. and the
Cleveland & Pittsburgh filed SIM
liar application to issue $ll 100000
vt series Cs, both for redemption
purposes. The lines are leased by
he PENNSYLVANIA Railroad, which
9sked permission to assume obliga-
ion and liability for the two issues.
Standard Accident Insurance Co.
registered with the SEC IT'S 938
hares of $40 par value common
lock to be sold to holders of record
October 9 on share-for- share
basis.
Continental Motors Corp. earned
75074.757 or sl69 share in
months ended July 81, compared
With s4275.627 or sl.46 III the same
l943 period.
New York Central Railroad net
for 8 months ended August 81 was
s25, ,45o, 1876 or 1896 a share VS.. s43,-
1865 or S674 a year ago
Southern Railway Co. reported net
income of S3,O11,570 for August VS..
1928 .482 a year ago. Balance after
charges was $2002,277 VS.. $2,l98,273
Norfolk & Western Railway re-
ported net income of s2,695 ,498 for
August VS.. $2,573.352 in the previous
month and sl,879,605 year ago
Directors declared dividend of 81
IN adjustment preferred shares, pay
,nlo Noucp,hor IN 70 hn1Inrc Nf
ord October 81.
d. A. Schultz. Inc, declared a
regular $3.50 dividend on the pre-
ferred and an additional $3.50 a
share on account of arrears, both
payable November ! to holders OF
record October 10.
Special Offering of 10000 common
shares of Parke. Davis e. Co. was
made on the floor of the stock ex-
change at 29s4 by Smith, Barney
e. Co.
American Airlines set new all-time
highs in passenger mail and express
volumes during August Nearly
$4,000 more revenue passengers were
carried in the first eight months OF
1914 than in the same l943 period,
Corning Glass Works has pur-
chased a substantial interest in
Brazil's leading glass company, Vid-
raria Santa Marina of Sac Paulo
South American owners will keep
control but Corning will be repre-
sented on the board.
Kimberly Clark Corp. stockhold.
ers will vote October II on a plan tt
create a new class of preferred stock
to replace 99,630 shares of s6 pre-.
ferred outstanding.
Baltimore 4 Ohio Railroad car
loadings in the week ended Septem-
ber % totaled 74,449 VS. 1854 in the
previous week and 75,432 in the like
1943 week
Bell Telephone Laboratories an
nounced DR.. Frank B. Jewett would
retire as board chairman on Sep.
tember 30.