Evening star., 1945-05-24
Business Briefs

Bank Clearings in "a leading cities
rose to $1l ,098, 1895 900 in the week
ended May % VS.. S11 1,009 ,973 900 IN
the previous week and were 28.1%
above $8,666, ,147,o0o in the like 1914
week. reported Dun & Bradstreet
Inc. The year-to-year gain was the
largest for 1915 to date.
Freight Loadings in the week
ended May 19 totaled 1868 634, a
gain of 3.6% from the previous
week, but 40 below the like 1914
week. the Association of American
Railroads announced.
Record Peacetime Travel on the
railroads was forecast by Edward G
Budd. maker of railway passenger
cars. He estimated 2,637 new pas.
senger cars year for five years will
be needed to provide replacements
and modern facilities for 48 8,000, ,000,-
900 passenger miles year.
New York Central Railroad will
require large outlay of capita
funds for postwar modernization
President Gustav Metzman tolo
stockholders.
General Motors Corp. employees
were told by President c. E. Wilson
that the $500, ,000, 900 postwar expan-
sion program would include many
Improvements for workers, such as
better lighting, ventilation, wash
rooms, cafeterias, parking areas ano
still better safety conditions.
Gulf Oil Corp. earnings in the
March quarter were substantially
above year ago and currently are
running at record levels, President
J. F. Drake told stockholders.
TranSwcstern Oil Co. earned
s763,616~ or S102 share in the
March quarter vs.. s536,64S or Il
cents year ago.
Texas g. Pacific Railway net for 4
months ended April 30 was s1.7o6.134
or $3.50 share VS.. 81 ,26e, OCT or S225
in the same 1914 period.
Chicago Pneumatic Tool Corn
earned s495,118 or sc cents in the
March quarter VS.. s5l3 996 or s1.01
a year ago.
Graham-Paiye Motors Corp. profit
for the quarter was S340,s75 VS.
s396,926 In the same 1914 period
Sales totaled S11,S11,252. a lump OF
33.4eo from the same quarter last
year.
Grayson Shops, Inc. earned
s347 1884 or II cents in 6 months
ended March 81 VS.. S226,72 or SC
cents year ago.
Cleveland Graphite Bronze Co
acquired all capital stock of Ex-
truded Metal Products Co. OF
Bridgeport, Ohio, for around sl23,-
900.
The Hub, Henry C. Lytton Co.
purchased the Young Quinlan Co.
large Minneapolis department store
for an undisclosed price.
rbison- Walker Refractories Co
acquired controlling interest in Ca.
madam Refractories, Ltd. of Mon.
treal.
Food Fair Stores, Inc, purchased
a meat packing plant at Elizabeth
N. j., from the Regal Corp.
Greene Cananea Copper Co. de-
clared dividend of Is cents a com
mon share, payable June II. Pre-.
vious quarterly payments we're 81
cents.
Pullman Standard Car Mfg. Co
announced war contracts totalin.
more than $4,000, 900 at the Ham
nond, Ind, works had been cancelec
and substantial reduction in EN-.
ployes will be necessary between
now and late summer.
Detroit Edison Co. was notified
the State Public Service Commission
had affirmed a 1914 order requirin.
a cut of s10.450,000 in gross rev.
enues and ordered similar reduc'
ton for 1945.
Baltimore g. Ohio Railroad re
ceived a high bio of l00073 for 81,
$4,000 of 2eo equipment trust Ger
tificates from Salamon Bros.
Hutzler an dassociates. ReofTerin,
was planned at prices to yield o.
TO 2hI