Evening star., 1944-11-08
Business Briefs

Demand Deposits in member
banks of 101 leading cities totaled
S37 ,587 ,000,00 on November /, a
gain of $149 100000 from a week
earlier and $5,813 100000 above a
year ago, the Federal Reserve Board
reported.
Phillips Petroleum Co. granted ar
option until November 20 on Its
holdings of 202,1 shares OF Pan
handle Eastern Pipe Line Co. COM
mon stock to w. A. Mcguire, chair
man of Panhandle, and Hy Bird
vice president, at $50 a share, or 9
total of $40, ,108,150.
New York Central Railroad direc.
tors authorized redemption of $32,.
646,800 3H % bonds of 1852 on De.
cember 27 at 102l2, and declared G
dividend OF 81 share, payable Jan.
uary Is to holders Of record Novem.
Der IS.
Gulf Oil Corp declared specia
dividend of SO cents and regular
payment Of Is cents, bringing 1884,
payments to 50 share VS.. $l.5O IL
1943.
Central New York Power Corn
will open bids November IA on $4s,.
100000 new general mortgage bonds
due 1874.
Continental Oil Co. earned $8,767,.
OFT or $1.87 a share in months
ended September 30 VS.. $10,453 051
or 1928 in the same 1943 period.
Timken Roller Bearing Co. net fol
8 months was $4,611 ,926 or $1.90 VS.
$4,9l2,525 or $2.03 a year ago.
American Viscose Corp. earned $3,,
097, ,784 or $127 in months VS.. s4,.
121,547 or $1.86 in the same perioe
last year.
Youngstown Sheet e. Tube Co. me-
for 8 months was $5,253,154 or $2.7t
VS.. $6,503, ,233 or 1881 year ago.
American Bosch Corp. earned ST..
253,53l or $1.81 in months, aftel
reserve for renegotiation, compared
with 1901 $40 or $l.l5 in the same
l943 period.
Pennsylvania Central Airiines mel
for 8 months was 1854 ,296 or 70 cents
vs.. $260,013 or 81 cents year ago
Creameries of America, Inc.
earned $846 ,203 or $174 in 8 months
4 VS.. $828,568 or $158 in the same
1943 period.
Archer-Daniels Midland Co. net
for the September quarter was
$685., ,566 or $1.03 VS.. .$S4S ,O46 or 81 S.
q year ago.
Sears Roebuck & Co. sales for Oc
tober totaled $102 ,023 Dos, a gain O
15eo over year ago; for 8 months
ended October 81, $71l 1882 $3.50, an in
crease of 1879.
Montgomery Ward & Co. sales TO
October totaled $7o.475,011, rise O
1921 from wear ago; for 8 month
ended October 81, s466, ,66S ,975, gail
Of 40.
F. w. Woolworth Co. sales in Oc
tober totaled $39, ,788, 1893, up 79
from year ago; in 10 months, 1851,
l67.443, a gain Of 3.6%.
w. T. Grant Co. sales for Octobe
totaled $15,902,37 an increase O
TO over year ago; for 10 months
$3.50, ,745 900, a rise Of 40.
s. s. Kresge Co. sales for Octobe
totaled $l8,834, Ito, a gain of sic
from q year ago: for 10 months
$l63, ,406, ,007, an increase Of 4.3qs.
Lerner Stores Corp. sales In Oc
tober totaled $7,159,8l3, q rise o
12.7% from year ago: In month
ended October 81, $61 1,546,232, ,
gain of l4.4%.
McKesson 4 RobbinA Inc, &C
quited the business and name o
Brannon q Carson Co.. Of Colum
bus, Ga.
Briggs Mfg. Co. purchased tn,
John Dougles Co. Of Cincinnati
manufacturers Of plumbing fixtures
Burlington Mills Corp. has &C
quired an interest In Hartman Hos
iery Mills, makers Of seamless hos
lery.
Baltimore q Ohio Railroad car
loadings In October totalcd 333 .27
vaTe3l5;025 In the previous mont
q s7S. 80 : year ago.