Evening star., 1945-06-14
Business Briefs
Rank CIearinsS in "a

Bank Clearings in "a leading cities
declined S1o,s46, ,s0l 900 in the week
ended June 13 VS.. s11, ,582 ,273 900 in
the previous week, but remained
ls.4To above s9,081 ,063, 900 in the
like 1914 week, reported Dun &
Bradstreet, Inc.
Cotton Consumption in May to.
tailed 630,568 bales of lint and 1913 ,94t
Of linters VS.. 769,678 and 125.707 ir
the previous month and 331,813 anc
122,663 a year ago, the Census Blu.
reau announced. In 10 months ended
May 81, the totals were 8,116.67s
bales of lint and 1,248,668 of Inter.
VS.. 8,414, 145 and 1,109 604 a year ago
Freight Loadings in the weel
ended June 9 totaled 884,285 cars, {
gain of $50 from the previous weel
and 1875 above year ago, the AS.
sociation of American Railroads dis.
closed.
All Curbs on Civilian Radio Out.
put. except priorities to insure full
war production, will be lifted by
WPB about October /, predicted r
c. Cosgrove, president of the Radio
Manufacturers Association. Produc.
ton for aircraft, police and safety
services will start next month.
Despite Easing of Aluminium Con.
trols, no large increase in supplies ol
aluminium pots and pans may be ex.
pected for some months yet, WIPE
declared. A shortage of equipment
is the bottleneck.
Diamond Shoe Corp. stock contro
will be purchased by a group head.
ed by Wertheim g. Co. and Lehman
Bros. and including Schiff Co
Diamond will DE merged into it's SUBJ
sidiary, A. S. Beck Shoe Corp,
and Benjamin Daniels, veteran ex-
ecutive of Diamond, will be presi-
dent. Robert w. Schiff. president OF
Schiff Co.. will be board chairman
Aviation Corp. will not issue its
own common in exchange for stock
or property of any other company
said Chairman Victor Emanuel In
response to rumors that Aviation
might buy certain lines of Crosley
Corp, he said several situations were
being considered in connection with
its postwar appliance program, but
no deal has been consummated.
Union Oil Co. of California regis.
tered with the SEC $25 5,000,0 900 oi
2s4 % debentures, due 1870, and ESQ.,.
900 shares of series A $375 cumu.
lative preferred stock to finance re.
tirement of debentures and notes.
Electric Bond g. Share Co. prof
for II months ended March 81 wa.
S4,022, 1872 or 1881 on combined pre-.
ferred stock VS.. s5,331,1 142 or s4.65 il
the previous year.
Atlantic Coast Line Railroa,
earned $4,239,511 or $5.14 a share il
4 months ended April 80 VS.. s5,492,
661 or $685. a year ago.
Masonite Corp. net for 3 month
ended May 81 was $321,184 or 4
cents VS.. $3O491s or A cents in tn,
same 1914 period.
Kobacker Stores declared al
initial quarterly dividend of 131:
cents on new common shares, pay.
able July 81. An initial dividend O.
343s cents also was declared on new
preferred stock, payable August
Continental Aviation g. Engineer,
ing Corp. received a war contract
cancellation for Pratt & Whitne,
engines amounting to about $40 O,00O,.
900 from the Army.
Piedmont Aviation of Winston
Salem, N. c., filed with the CAB al
application to operate regular serv.
ice from Washington, D. c., through
Maryland, Virginia, West Virginia
the Carolinas and Tennessee ovel
routes, and pickup service ovel
Is routes.
Reynolds Metals Co. plans an ex.
tensive postwar building and re.
search program for it's plastics divi.
sion at Gary, Ind.
General American Transportation
Corp. completed negotiations for &C.
ouisitlon of Eclipse Moulded Prod,
ucts Co. Of Milwaukee.