Evening star., 1944-11-02
Business Briefs

Bank Clearings in "a leading cit
les expanded to Sl0,629 1856 900 in the
week ended November ! compared
with S9,412573 900 in the previous
week ard $4,000. .353 900 in the like
l943 period, reported Dun & Brad
street. Inc.
Freight Loadings in the week
ended October % totaled 916,446
cars, gain of 12', from the pre-
vlous week and 3.7oo above year
ago. the Association of American
Railroads disclosed
Gasoline Stocks on October % to-
tailed 79053 900 barrels VS.. 1886. .OOO
a week earlier and SO O92 900 a year
ago, the American Petroleum InSti-
tute announced.
Chicago, Burlington & Quincy
Railroad awarded S40O0O000 of re-
funding bonds to Morgan Stanley
& Co. on bid Of SO 1877 for 3a4s. The
issue was reoffered at 100$l.
United. Light & Power Co. plans
to construct S70,000,000 natural gas
pipeline from the Hugoton fields OF
Kansas and Oklahoma to cities il
Iowa, Illinois. Wisconsin and Mich
ipan. The project will be under
taken providing the SEC approves
proposed liquidation and dissolution
Of a subsidiary, American Light &
Traction.
Standard Oil Co. OF Indiana elect
cd Robert E. Wilson chairman OF the
board and chief executive officer
effective January l, when Edward G
Seubert will retire as president. A
w. Peake was promoted from vice
president to the presidency.
F. l. du Pont de NemOurs & Co.
reported net profit of S57 ,805, 1929 OF
S469 a share in 9 months ended
September 30, after reserve for rene
gotlation, compared with S44 .489, ,789
or S3.49 a year ago.
Union Oil Co. of California earned
S5,604,97l or Sl20 a share in 9
months VS.. S. 5386,41l or $1l5 in the
same l943 period.
Skelly Oil Co. net for 9 months
Was S5,280,669 or s5.38 VS.. $3,864, STA
or 1898 a wear ago.
Monsanto Chemical Co. earned
So 3,574,156 in months VS.. S4.l45, ,7O5
in the same l943 period.
BarnSdaIl Oil Co. net for 9 months
was S2745,694 or S124 VS.. S2,674,648
or $l.20 a year ago.
Pittsburgh Plate Glass Co. earned
50 1868 900 or $45l in months VS..
SO, ,732 900 or S395 in the same l943
period.
New York Telephone Co. net for
the September quarter was S6.467,-
440 vs.. S8,072.127 a year ago. A tax
adjustment increased 1943 figures
about S1,500O00.
Parke-Davis & Co. earned $5,634.-
Sl8 or S1,15 in 9 months VS.. S5.785,-
572 or $l.l8 in the same 1943 period
Mack Trucks, Inc, net for .
months was S2,185, ,595 or $3.65 VS.
S2.033,578 or So 40 a year ago.
Sullivan Machinery Co. profit for
9 months was S445,36 or s238 VS.
S546259 or 1922 in the same 1943
period.
Square ID Co. earned $1.239,431 or
$3.50 in months ended September
so VS.. 81 309 006 or S296 in the same
period last year.
bristol-Myers Co. net for 9 months
vas Sl88,947 or $3.50 VS.. S2,013,043 or
S30l year ago
General Telephone Co. earned ST.
326,O30 or Sl.56 in months VS.. ST.
457 PIT or $l.78 in the same 1943
period
WeStvacO Chlorine Products Corp.
profit for 9 months was s787,745 or
S1.52 VS.. $759,867 or Sl.6l on fewer
shares a year ago.
American Light e. Traction Co.
net for II months ended September
30 was S4,551 ,604 or $1.35 VS.. S4.938,-
SGT or $1.49 in the previous fiscal
period
Denver & Rio Grande Western
Railroad reorganization plan drafted
oy the ICC was approved by Fed
eral Court at Denver.
Westinghouse Electric Supply Co.
elected David M. Salisbury vice pres
dent.