Evening star., 1945-04-26
Business Briefs

Bank Clearings in "a leading
cities declined to s1O.102 ,037 900 in
the week ended April Is VS.. s10,l93,-
100000 in the previous week. but
we're we'll above 347.8l6, 900 in the
like 1914 week, reported Dun &
Bradstreet, Inc.
New York, Chicago & st. Louis
Railroad offering of S58 8,000, 900 34 %
bonds was put on the market at 101
by a group headed by Halsey, Stuart
q Co. The underwriters bid for the
bonds was 99.779.
Household Finance Corp. will issue
100000 shares of new 80. % preferred
in exchange for like number of
81 preferred shares.
Fairbanks Morse e. Co. declared
an extra of Is cents and a quarterly
dividend of 25 cents, both payable
June !.
Tide Water Associated Oil Co.
offered 100000 new $3.75 cumulative
preferred shares in exchange for
$3.50 preferred on share for share
basis up to May 7.
Continental Engineering & Man
agement Corp. purchased about 500
of outstanding stock of Jacobs Air.
craft Engine Co. at S6 a share. less
transfer taxes.
Socony-Vacuum Oil Co. earnings
for the first quarter were estimated
AT $11 10000 after excess profits
laxes. VS.. $4,000 900 a year ago.
New York Central Railroad Co.
net for the quarter was s5.464 ,758 or
s5 cents a share VS. $8,968,181 OF
l39 in the same 1914 period.
Union Pacific Railroad Co. earned
S8.883.224 or $3.55 in the March
quarter vs. s8535.452 or $3.50 a year
ago.
National DistiIlers Products Corp
net for the quarter was S3,089. TOT
or $135 VS.. S2.938. 1874 or s1.44 in the
same 1914 period.
Allied Mills, Inc. earned $1.l72.-
$50 or $l.46 in IL months ended
March 81, VS.. s1,827,748 or 1928 in
the previous year.
Proctor g. Gamble Co. profit for
months ended March 81 was Sl4.-
662,978 or 1922 VS.. $l3,884.013 or
S210 year earlier
FreepOrt Sulphur Co. earned $804,-
988 or s1.0l in the quarter VS.. $60l,-
426 or IS cents year ago.
Air Reduction Co., Inc, net for
the March quarter was 81 ,422, ,947 or
50 cents VS.. $1,430,214 or So cents in
the same 1914 period.
Minneap polls Honeywell Regulator
Co. earned $886.696 or 64 cents in
the quarter VS.. STAT ,229 or 55 cents a
year ago.
REQ Motors, Inc. net for the quar-
ter was $716,756 or SLAB VS.. $4l0,957
or 88 cents in the same 1914 period
Butler Brothers earned S428, ,735 OF
Is cents in the quarter VS.. $316,l l49 0,
l9 cents year ago.
United Drug, Inc, profit for the
quarter was $592.448 or SO cents VS.
$541 ,437 or 10 cents in the same
1914 period.
Worthington Pump & Machinery
Corp. earned $648. 1874 or $1.74 in the
first quarter VS.. 81 ,027 ,316 or $3!08 a
year ago.
Consolidation Coal Co. net for the
quarter was $5O6 ,284 or IA cents VS.
$377922 or IS cents in the same 1914
period.
Cepperweld Steel Co. profit for the
quarter was $253 ,63l or As cents VS.
$242 ,223 or AZ cents in the same
period last year.
Reliable Stores Corp earned STA
$50 or sl.97 in IL months ended
March 81 VS.. $905. .l04 or $3.50 in the
previous year.
Bendix Aviation Corp. sales in
months ended March, 81 totaleo
1868, 100000 VS. $475, 600, 900 a yeal
ago. Lower prices and a drop in wal
orders were factors.
Northwestern Mutual Life In
surance Co. sales in the March
quarter totaled $81 .887 .2l4, gain
al l2% from a year ago.