Evening star., 1944-06-15
Business e. Briefs

Bank Ca0ar4nG8 In ~ a0A0lnG ciJleS
totaled $8,734, ,086 900 In the week
ended June IA, compared with $8,-
CTS ,535 900 in the preceding week
and $8,585, ,725, 900 In the correspond
ing 1943 period, reported Dun d
Bradstreet. Inc
Freight Loadings In the week end
ed June 10 totaled 874, 1873 cars,
gain OF 1870 over the previous week
and 2.3Go above q year ago, the AS
sociation of American Railroads
disclosed.
Gasoline Stocks on June 10 totaled
86,91I 900 barrels, compared with
S7,O84, 900 q week earlier and 81 ,234,- :
coo q year ago, the American Petro-
leum Institute announced.
Idaho Power Co. registered with
the SEC 60,587 shares of 500 per
value 4T cumulative preferred stock,
which will be offered in exchange
for 32,130 shares of TO preferred
and 28,475s shares of So preferred
on q share-for share basis plus an
unspecifed amount of cash from
July / to %.
Bendix Aircraft Corp. stockhold-
ers were told the order backlog has
been cut to $750. 600 600 from ST.
018,901 900 last September 80 as a
result of Army and Navy cutbacks
and voluntary price reductions
Production Is averaging around SIS,
100000 month.
International Petroleum Co.
earned $15,973,549 or $1.10 share on
combined preferred and common
stocks in 1943, compared with s13,-
61l,825 or "a cents on the combined
stocks in 1912.
Bonwit Teller, Inc, net for the
year ended January 81 was 1919 ,95S
or $173 a. share VS.. $277,026 or $1.0l
in the previous year.
Chesapeake g. Ohio Railway
asked the ICC for authority to pur-
chase an unspecified number OF
shares of Wheeling g. Lake Erie
Railway capital stock, in addition
to the 74.357 already purchased with
the commissions approval.
Gulf, Mobile e. Ohio Railroad dl-
rectors considered plans to issue
$500 900 in 25-year collateral trust
bonds to be offered at competitive
bidding later in the year. Proceeds
would be used to pay of s8,600,00e
in 40 series B collateral trust bonds
due 1853, and held by the RFC.
Amalgamated Leather Cos. de.
clared a dividend of 81 share or
the go convertible preffed stock or
account of arrears, payable Septem-
ber / to holders Of record Angus,
Is. and leaving 81 still due on the
stock.
Columbia Gas e. Electric Corp
plan for compliance with "deatf
sentence" provisions of the Holding
Company Act, presented to the SEC
was Immediately denounced by Johr
j. Burns, counsel for Columbia!
parent, the United Corp. ReclasSi-
fication of preferred and common
into single class of new common
Is unnecessary and perhaps un.
feasible" he said.
Cities Service Power g. Light Co
asked the SEC to approve sale OF
common stock of City Light &
traction Co. of Sedalia, Mo, to Mis-.
souri, Public Service Corp. for q
base price Of Sl,257 900.
Sterling Drug, Inc, announced
that Fletcher's Castoria, which wa.
Withdrawn from public sale May a
1943, when some patches of it wer,
found to cause irritation, has beer
returned to the market in a new
package to distinguish it from tht
old product.
General Gas &, Electric Co. elect.
ed Howard x. Halligan president
He has been vice president since
l941.
Baldwin Locomotive Works elect.
cd Frank K. Metzger vice presiden
In charge Of sales. He was formerl,
divisional vice president of Stand
ara Steel Works division.