Evening star., 1944-08-31
Business Briefs

Bank Clearings in "a leading cities
declined to $3.50 1884 900 in the week
ended August 30, compared with So
793,092 900 in the previous week, but
we're 6.7fe above S8,097 523 900 in the
like 1943 week, reported Dun G.
Bradstreet, Inc.
Gasoline Stocks declined to 30
100000 barrels on August 26, COM
pared with 81,477,00 a week earlier.
but remained above II ,636 900 a wear
ago, the American Petroleum Insti-
tute announced.
Freight Loading in the week end
ed August 26 totaled 9O5, ,724 cars, a
gain OF 2lfc over the previous week
and 30 above year ago, the Asso-
citation of American Railroads re-
vealed.
Steel Earnings, including firms
with 90oa of total capacity, aggre-
gated $4,000 900 in the first half of
1914 VS.. $94, $4,000 a year ago and
s159.054,000 in the same 1887 period
When output was 30cc below pres
ent levels, the American Iron &
Steel Institute disclosed.
Oregon Washington Railroad &
Navigation Co. asked ICC permis-
lion to issue S72,194,00O of 80 re-
funding mortgage bonds to finance
retirement of a like amount of 40
bonds on January l, l945, at 1O5 and
accrued interest. The new issue
would include S54,750,0O0 of series A
bonds to be offered at competitive
bidding and S17,444,OO0 of series B
bonds to be sold to the Union Pacific
Railroad which owns all but IS
shares of the capital stock.
Air Reduction, Inc. sold s25. .OOO,-
200 OF 20-year 234Gc debentures to 4
life insurance companies and will
use proceeds for postwar expansion.
Gulf, Mobile & Ohio Railroad di-
rectors approved sale of $10,500O00
G5-year first and refunding mort
sage bonds. Proceeds will be used
to retire s2000000 series A 3a4 %
collateral trust bonds held by the
public and $8,6O0,000 of series B 4eo
collateral trust bonds held by the
RFC.
Radio Keith Orpheum Corp.
earned $2,588, ,493 in 26 weeks ended
July /, compared with $3,22O,583 a
year ago.
Miami Copper Co. earned S439, ,S2s
or SO cents a share in the half VS.
5534, ,889 or II cents a year ago.
F. E. Myers & Bro. Co. net for
nine months ended July 81 was
S513,472 or $2.57 share VS.. $384,41
or S192 in the same 1943 period.
Indiana g. Michigan Electric Co
invited proposals for purchase OF
10000 shares of cumulative pre-
ferred stock, par value $100, the div
idend to be specified by the bidder
Deadiine on proposals will be Sep
tember II.
Federal Water. & Gas Corp. plan
for liquidation of its subsidiary, Ala
bama Water Service Co., and sale OF
Alabama electric properties was ap-
proved by the SEC.
Gray Marine Motor Co., a subsid.
iary of Continental Motor Corp, ar
ranged with group of banks for q
regulation v loan of S12,000,OO0.
Park e. Tilford, Inc, president
David A. Schultz, informed the SEC
he had paid the company $264,928
representing profits on sales of its
common stock purchased from
october 81 to May 81, 1914.
American Cyanamid Co. stock
holders will vote October at Port
land, Me, on board recommended
ton that cbss B stock be given
voting rights.
Upgrade Food Products Corp. has
acquired Baker Importing Co.,
makers of soluble coffee, and meat
packing plant at youngstown, Ohio
General Precision Instrument
Corp. acquired for cash the Ampro
Corp. OF Chicago, makers of movie
projectors.
Texas Co. elected Ernest c.
Breeding comptroller to succeed Ira
Mcfarland, who will retire.