Evening star., 1945-01-11
Business Briefs

Bank Clearings in "a leading cities
totaled S11 ,544 ,803 900 in the week
ended January 10, compared with
S11 .374 ,345 900 in the previous week
and S9,327 ,995 900 in the like 1914
week, reported Dun & Bradstreet,
Inc.
Freight Loadings in the week end
ed January 6 totaled 682 967 cars, a
gain of 1857 over the previous
week, but 11.3fo below a year ago
the Association of American Rail-
roads revealed.
Gasoline Stocks on January
totaled 86,616,000 barrels VS.. 86614,-
900 a week earlier and 76,824,000 a
year earlier, the American Petroleum
Institute announced.
Armour & Co. is considering re-
funding its S31 100000 of 70 de-
bentures, issued in exchange for the
Delaware companys 7qo preferred
in 1943.
Manufacturers Trust Co. of New
York plans to retire its preferred
stock and improve the ratio of the
banks capital to deposits.
General Motors Corp. is expand
ing shell production sharply. Chev-
rolets December output was three
times original estimates.
Republic Aviation Corp. has cut
production costs on its PAT Thun-
derbolt from S63,750 to $45 800. The
firm turned out its 10,000th Thun-
derbolt in September.
Colgate Palmolive- -Peet Co. de-
clared dividend of 25 cents a COM
mon share, payable February Is.
Previous quarterly payments were
1912 cents.
Engineers Public Service Co. and
subsidiaries earned S6,781,188 or
S2.41 a share in II months ended
November 80 VS.. $5,444,852 or S1.67
in the previous year.
Ell ;Paso Natural Gas Co. net for
II months ended November 80 was
$2,227 ,804 or 1888 VS.. $2,242 ,542 or
1855 in the preceding fiscal period.
Virginia Electric & Power Co.
earned S. ,493 ,221 in IL months ended
November 80 vs.. $4,515,924 in the
previous year.
Western Union Telegraph Co. net
for IL months ended November 30
was $6,039 800 or 1854 on class A
stock VS.. S6,0S1 ,460 or S490 on class
A stock year ago.
r. Hoe & Co. earned $500 .879 or
$4.97 on class A stock in II months
ended September 80 VS.. 1854 ,354 or
S6.6l on class A stock in the previous
year.
General Shoe Corp. profit for IL
months ended October 81 was ST.
007 All or $1.54, before renegotiation
compared with 81 ,229, ,136 or S1.eO in
the preceding period.
Warner Bros. Pictures, Inc,
earned s6,953, ,462 or $1.S7 in Il
months ended August 81 VS.. $8,238,-
483 or S2.12 in the previous year
Inventories on August 81 were S8,-
966,24l above year earlier.
j. c. Penney g. Co. sales in Decem-
Der totaled S69,848,002, a gain o.
15.4go over a year earlier: in 1914
$685., ,319,37l, an increase of 9.3qe ovel
1943
S.. H. Kress e. Co. sales for De.
cember totaled $l7,969 1863, a drop o.
1.l%o from year earlier: for 1914
Sl27955 ,060, an increase of 3.29o ovel
1S43.
]. ]. Newberry Co. sales in De.
cember were s15,7l5,445, jump o.
769o over year earlier; in 1914
$95, 1865 ,634, gain of $50 over tht
previous year.
Panhandle Producing & Refining
Co. acquired all capital stock o,
Miller Marine Decking, Inc, ship.
builders, with plants in Savannah
Ga, and Duluth, MINI.
Columbia Gas G. Electric Corn
reorganization plan will be consid.
cred at SEC hearings starting Feb.
ruary 6.
Hanover Fire Insurance Co. anc
Its affiliate. Fulton Fire Insurance
Co, elected F. Elmer Sammons pres,
iderlt to succeed Fred A. Hubbard
who retired.