Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-08-10
Business Briefs

Bank Clearings in "a leading cities
declined to $685., $40 900 in the week
ended August 9, lowest level in II
weeks, and compared with $9,942,-
100000 in the preceding week and
S8,1l7 1854 900 in the like 1943 period,
reported Dun e. Bradstreet, Inc
Crude Oil Production set new
record of 4,650,650 barrels a day in
the week ended August 5, compared
with 4,608,450 in the preceding week
and 4202,600 year ago, the Ameri-
can Petroleum Institute disclosed.
Freight Loadings in the week end
ed August 5 totaled 0,458 cars, a
drop of 22eo from the previous
week, but 2.1oo above the like 1913
week, the Association of American
Railroads announced.
United States Steel Corp. reported
finished steel shipments of subsid-
iaries set new record of 12,387 1873
net tons in the first seven months
of this year, compared with II, 700,-
778 year ago. July shipments to-
tailed 1,754,525 tons VS.. 1,737,769 in
the previous month and 1850, 1852 a
year ago.
Il. ". Duuu Wig. ~. Is considering
sale Of additional SIS prior preferred
stock to retire the balance of 10
preferred. and issuance of bonds to
pay off the present $9,30O,0OO debt
and increase working capital, Pres o
dent Edward G. Budd told stock
holders.
Chicago Union Station Co. asked
tCC permission to issue S37 100000
first mortgage series G bonds and
s6.200,000 guaranteed series notes to
retire $44000,000 of first mortgage
series E 80. % bonds.
Western Union Telegraph Co. will
construct new carrier telegraph sys-
TENS between Chicago and ST Louis,
Los Angeles and San Diego, Oakland
and Portland, and Seattle and Port
land
American Locomotive Co. earned
S3,050,5 or ST .35 share in the first
half of 1914. compared with S4.618.-
l25 or SAL in the same 1943 period
Engineers Public Service Co. re-
ported net income of S5.873 1896 or
S190 a share in Il months ended
June 80 VS.. S497l 1882 or SLAP in the
previous year
United Aircraft Corp. earned So
450l13 or s2.93 share in the first
half of 1914, compared with S.
l20.9l3 or S2.8l in the same 1913
period.
BOhn Aluminium e. Brass Corp.
net for the half was Sl,2O4 $50 or
S342 share VS.. sl,088,029 or $500
a year ago.
Reliance Mfg. Co. earned $527.-
456 or 1924 in the half, before rene
gotiation, compared with s72,207 or
S2.43 in the same period last year
Best & Co. net for the half was
S405 400 or $l.35 VS.. $5l4,699 or $1.72
year ago.
International Paper Co. earned
$3,941 ,273 or 80 cents a share in the
first half before renegotiation, COM
pared with s4,343,20l or Sill in the
same 1943 period.
American Laundry Machinery Co.
earned $523,978 or SO cents a share
in the first half VS.. $614O32 or $1.1a
in the same 1913 period.
United Stores Corp. net for the
first half was 1884 ,498 or $4.02 a pre-
ferred share VS.. $334,523 or $40 a
preferred share a year ago.
Virginia Electric & Power Co.
earned $4,738,318 in II months ended
June 80, compared with $4,339, l60 in
the previous year.
Narragansett Electric Co. asked
the SEC to approve issuance ano
sale of $3l 100000 of go first mort
gage bonds of 1874, series A, to
finance redemption of $31, 1872 00(
3la9o first mortgage bonds, series A
due 1866.
Todd Shipyards Corp. announced
its subsidiary, Todd Houston Ship
building Corp, was awarded a Mari
time Commission contract for IL
tankers.
Graham-Paige Motors Corp. elect
ed Joseph w. Frazer chairman of the
board. He was formerly president OF
WHY'S Overland.