Evening star., 1945-08-02
Business Briefs

Bank clearings in the week ended
yesterday were unchanged from the
preceding week but rose slightly
)ver the 1914 period, Dun & Brad
itreet reports. TranSa actions for "a
major cities totaled $10,476 ,538 900
Up 5.4 per cent from S9,942 ,840, ,00C
n the same 1914 week VS.. $10,551, :
'27,O00 in the preceding period.
Quarterly Figures from 270 COM
lanies show net income after taxes
S higher il the second quarter thar
n the first, and is II per cent above
he second 1914 quarter, the Nae
ional City Bank of New York re-
>orts.
Potomac Edison Co. is authorized
" the Maryland Public Service
Commission to issue Az per cen
cumulative stock in exchange, share
or share, for outstanding 6 and
Yer cent preferred stock not to ex.
;eed $6,378, 400.
Detroit Edison Co. common stock
Which United Light g. Railways Co
will receive on liquidation of Amer
can Light g. Traction Co. will be
old on the Stock Exchange. A pub
ic offering through underwriters Sc
ected by competitive bidding is pro-
,osed for disposal of common stock
n Michigan Consolidated Gas Co.
Milwaukee Gas Light Co. and Madi-
on (Wis.) Gas g. Electric Co.
United States Fidelity e. Guar
.nty Co. reports assets Of $102 ,649,
1876 on June 30, up $7,740, ,686 in a
ear in the company's semiannual
financial statement.
SkeIly Oil Co. had net income OF
,3,269, ,727 for the half ended June sc
rr 1888 VS.. $3,403,365 for the 1914
period or $3.46.
Seaboard Oil Co. for June quarter
lad net profit of S662 ,975, or 54 cents
IS. $685. 1897, or 27 cents in the 1914
quarter.
Hupp Motor Car Corp. for
months to June 30 had net profit OF
i803,3 1888 or 40 cents VS.. S269, ,464, or
6 cents in 1914 half.
Midland Steel Products Co. reports
aet income of $383,015 for the sec
md quarter or 70.3 cents VS.. $751;
Isl or 69.8 cents in the 1914 quarter
Vet earnings for the half were $780,
I'll or $1.38 VS.. S1.35 for 1914 period
Fairbanks, Morse g. Co. conSoli-
lated net profit was $1,788, ,295 fol-
he half ended June 30 VS.. 81 ,856, ,06e
or 1914 period. Net sales for the
half were $51, 1,038,319 VS.. $81, ,722, ,09e
n 1914.
Flintkote Co. reports net income
or % weeks ended July IA of $783,-
I49, or 63 cents VS.. $762, ,073, or II
:ents for 1914 period.
Bigelow- Sanford Carpet Co. re.
oorts for half to June 80 net income
If S532 ,282, or Sl.46 VS.. $516, ,638, OF
H.39 in 1914 half.
Sharp e. Dohme, Inc, reports ne-
profit for year ended June 80, of ST..
It's ,642 or 35 cents VS.. $l,832, ,783 Oh
I1.30 for the 1914 period.
Parke Davis & Co. reports for yeal
snded June 80 net profit of $7,600,.
s66, or S1.55 VS.. 81, ,142 ,635, or 81 .46 ir
preceding year.
Allegheny Ludlum Steel Corp. fol
half to June 80 had net profit OF
.1,963,7 ,787, or $1.55 VS.. 1866, ITS, OF
i1.24 in the 1914 half.
Bristol-M Myers Co. for half to june
10 had net profit of 1897 ,563, OF
i2.02 VS.. Sl,344,136, or S20l in 1914
period.
American Water Works e. EIectri,
Go. reports for year ended June 81
had net profit of s4,482. .526, or 81 Al
rs. $3,864,707. or Sl.l4 in preceding
rear.
Purcell L. Smith of Chicago ha.
resigned as president of Middlewes
Corp. to become president of a nev
association of independent electri,
companies. He will continue as !,
iirector of Middlewest.