Evening star., 1945-12-13
Business Briefs
Bank Clearings in "a leading citi

Bank Clearings in "a leading cities
totaled $13,456, 100000 in the week
ended December II VS.. a record s15,.
264, TAI 900 in the previous week ano
sl0,209 ,557 900 a year ago, reported
Dun & BradStreet, Inc.
Freight Loadings in the week end.
ed December 8 totaled 776,375 cars
a drop of 3.4% from the previous
week and 2.1% below year ago, the
Association of American Railroads
disclosed.
Buffalo Niagara Electric Corp
offering of $56, ,900,0 900 first mortgage
234e6 bonds was placed on the mar
ket at 102.06 by Morgan Stanley &
Co. and associates. The company
registered with the SEC $4,000
shares of 500 par value preferred tc
f1anance redemption Of SO preferred
at los.
Chicago Burlington g. Quincy
Railroad awarded $40, ,765 900 first
mortgage 27s % bonds to Halsey Stu
art g. Co. on a bid of 100 1899. Re.
offering was at 10000.
Consolidated Biscuit Co. regis.
tered with the SEC 80,750 common
shares, 81 par value, to be Of
fered present holders at $40 g
share at the rate of a new share
for each 4 held. Proceeds will be
used for expansion
Sterling Engine Co. registered witt
the SEC 100000 shares of So pal
value 55-cent cumulative convertible
preferred stock to be offered com.
mon holders at $40 share to finance
retirement of 100000 bank notes
and increase working capital.
Automatic Canteen Co. registered
with the SEC l29, 1856 common shares
of IS par value. of which 108,054
we're for the account of certain
stockholders.
New York Central Railroad Or
dered 420 passenger cars represent
ing % streamlined sleeping car
trains at cost OF $4,000, 900, largest
single order for passenger cars ever
placed. Pullman Standard will build
200; E. G. Budd. 112; American Car,
l03.
G.. c. Murphy Co. stockholders will
vote February 26 on proposed dis
tribution of additional common
shares for each share held and an
increase in authorized stock from
100000 to 5000 1000 shares.
Pennsylvania Dixie Cement Corp
stockholders approved a recapital-
ization plan providing for merger
of General Cement Corp, a wholly
owned subsidiary.
Greyhound Corp. was authorized
by the ICC to purchase outstanding
ing capital stock of Penn-OiIiC
Coach Lines of Youngstown, Ohio
for $l,350,000 and stock of Valley
Public Service Co. of Columbus for
$413,0O0.
Panhandle Producing & Refining
Co. acquired 12,168 outstanding COM
mon shares of James Stewart g. Co.
construction engineering company
with Offices in New York and Chi
cago. Purchase price was $4,000, 900
American Stores Co. purchased fol
an undiscloSed amount the majority
stock of Danahy- -Faxon Stores, Inc
of Buffalo, which operates 131 stores
Lerner Stores Corp. declared q
dividend of 31H cents a common
share, payable January Is. Previous
payment was Is cents.
Kaufman Department Stores de-
clared a dividend of 40 cents a COM
mon share, payable January 28
Previous payments were Is cents
quarterly.
American Can Co. will build new
plant at Baltimore at a cost OF
around $4,000, 900. The firm operates
2 other plants there.
American Crystal Sugar Co. stock
holders will vote January 18 on pro-
posed authorization of new class
OF stock. Full details will be an
rlounced shortly.
Northwest Airlines, Inc, earned
1850 $50 or $l.04 a share in 3 months
ended September 80 VS.. $257.16l OF
n cents year ago.