Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-12-27
Business Briefs
Bank CIearings hal "a Headline

declined to SO $50, 342 600 in the holi
day week ended December, 26 VS.
s13, 756,S25,o00 in the preceding full
week and were 25% below $685..
475,000 in the like 1914 week, re
ported Dun & Bradstreet. Inc.
Demand Deposits of mernbel
banks in 101 leading cities totalet
$37 ,974 ,000, 900 on December 10, {
gain of $685., 100000 from a weel
earlier and $2,870,0 100000 above G
year ago, the Federal Reserve Boare
announced.
Northern Pacific Railway declared
a dividend of 81 a share, payable
February /. Previous payment was
in 1914.
Arnold Constable Corp. declared
an extra of so cents a common
share, payable January Is. Previous
payments were 1919 cents quarterly
Gimbel Brothers directors ap-
proved a 3-for-1 split of common
stock, in the form of stock divi-
dend, and also a 30-cent cash divi-
dend on 1,465 $50 shares outstand-
ing after the split.
Sinclair Oil Corp. registered with
the SEC 100000 common shares to
be offered publicly.
Madison Wis., Gas G. Electric Co
registered $4,500,000 of first mort
gage bonds, due 1876, for redemption
purposes.
Philip Morris g. Co. registered with
the SEC 1888 shares of s100 PAL
value cumulative preferred stock to
be offered common stockholders al
the rate of ~ shares for each &c
common shares held
Standard Gas & Electric Co. asked
SEC permission to retire $58 Sol ,00C
of notes and debentures and obtain
part of the necessary funds by bor-
rowing $5l 100000 from IL banks.
American Crystal Sugar Co. stock
holders will vote January 18 on a
plan to exchange SO preferred stock
for new issue of 4A%o accumula
tive prior preferred on share-for-
share basis plus S. a share in cash
Industrial Rayon Corp. has en-.
larged its engineering staff to plar
new s25 100000 plant.
Pullman-Standard Car Mfg. Co
expects to produce more transit
equipment in 1916 than at any time
in the last Is years.
General Tire e. Rubber Co. exer-
cised a portion of it's option to pur-
chase control of Mansfield Tire 4
Rubber Co. and will become sub.
stantial minority stakeholder OF
Mansfield.
Schenley Distillers Corp. earned
$13,415,695 or $532 a share in 8
months ended November 80 VS.. So
010.159 or $3.07 a year ago.
Commonwealth e. Southern Corp
and subsidiaries reported net of $12,-
294, 172 or 1929 a preferred share in
II months ended November 80 VS.
S12,273,6l4 or 1928.
New York Central Railroad earned
SIC, 500, 466 or $4.12 a share in II
months ended November 80 VS.. $50, :
$4,000 or 1922 a year ago.
Illinois Central Railroad system
net for II months ended November
8 was $14,43s, 1872 or 1888 VS.. $16,-
383, 4l0sor S11.31 in the same 1914
period.
Western Maryland Railway earned
1926, 453 or 1888 on first preferred
stock in IL months ended Novem-
Der 80 VS.. $3.50, 1877 or $2061 year
ago.
w. L. Maxson Corp. organized a
subsidiary, Maxson Food Systems
Inc, and will transfer to it the bust
ness and assets of its food division
Kimberly-Clark Corp. organized q
wholly owned subsidiary, LongLae
Pulp g. Paper Co., Ltd, to develop
a new mill and townsite under q
concession agreement with the
Province of Ontario. ~
Studebaker Corp. notified 5000
employees to return to work January
Q. They were laid on at the start
Of reconversion.
Commercial Solvents Corp. elected
Henry 3. Perry executive vice presi-
dent