Evening star., 1945-03-08
Business Briefs

Bank CIearings in "a leading cit
les expanded to S10,928, $50 600 in the
week ended March 7, compared with
SO, All 1925 900 in the previous week
and $9,417 $4,000 in the like 1914
week, reported Dun g. Bradstreet
Inc.
Freight LOadings in the week end
ed March 3 totaled 1856 ,264 cars, a
gain OF l.79o from the previous week,
but 30 below year ago, the Asso-
citation OF American Railroads dis
closed.
Textile Fiber Consumption in the
United States totaled 6,109 600 ,00C
pounds in 1914 VS.. 6,542 100000 in
l943, a drop of $50, the magazine
Rayon Organon estimated. Cotton
accounted for 1880 of the total;
rayon, 11.59o, and wool, 1929.
Chain Store Volumes for February
and changes from year ago:
Montgomery Ward, $44, ,561 ,921, ur
1916; S. S. Kresge Co., S14,698 ,599
up 14%o; Western Auto Supply Co.
S3,325,0O0, up 18.4%; G. c. Murphy
Co.. $6,330,243, up 1885,; Walgreen
Co., Sc, ,805 1902, down 1870; Mcclellan
Stores. $2,7l3,l00, up 12.7%o.
East Tennessee Light & Power Co.
was purchased by iva for around
s9,6OO,00O, including $3,680,0O0 for
holdings of Cities Service Power &
Light Co. and $4,800,000 for bond
holdings of an insurance company
Observation-Disclosures Railroad
stockholders were informed by Pres
ident Matthew Sloan that E. N.
Claughton of Miami will seek to
elect of directors to be chosen
at the annual meeting April 6.
National Tea Co. directors accept
ed the resignation of John McKin-
lay as chairman and recommended
John F. Cuneo as chairman of the
Executive Committee, climaxing a
controversy between Mr.. McKinlay
and a stockholder group headed by
Mr.. Cuneo. Profit for 1914 was ST.
066,663 or Sl59 a share VS.. 1851 1892
or A cents in the previous year.
Celanese Corp. earned $7,235, 100
or $2.86 share in 1914 VS.. $6,275 ,593
or $2.83 on fewer shares in 1943.
Niagara Hudson Power Corp. net
for 1914 was $3.50, ,306 or $14.20 on
first preferred stock vs. $5, ,583 $50 or
$14.75 in the previous year.
North American Aviation, Inc,
earned $8,389,967 or .$2.44 in IL
months ended September 80 VS.. So
790,323 or $198 in the preceding
fiscal period.
Link-Belt Co. net for 1914 wa.
$3,264,142 or $431 VS.. $3,312,410 OF
S433 in the previous year.
Glen Alden Coal Co. earned $4,.
411,330 or $254 in 1914 VS.. S3,328, ,773
or s1.90 in l943. -. =.
General Baking Co. net for 1914
was 81, 1872 1926 or II cents VS.. 81 ,729,-
119 or 81 cents In the previous year
Foster Wheeler Corp. earned ST.
1927 or $521 in 1914 VS.. $2,741, Is.
or $8.71 in l943.
Trane Co. net for 1914 was $40S,.
214 or $1-55 VS.. $401, ,136 or $152 IL
the previous year.
Adams Mills Corp. earned $565,
935 or 1882 in 1914 VS.. $403, ,474 O.
$2.58 in 1943.
Marion Steam Shovel Co. net fol
1914 was $482,971 or $18.27 a pre-
ferred share VS.. $473,851 or $17.92 il
the previous year.
Bush Terminal Building Co
earned $455,824 or $6.51 d preferres
share in 1914 VS.. $641,5 or $9.1l
in 1943.
Dallas Power e.. Light Co. asked
SEC permission to issue 1871 new
preferred shares in exchange fol
outstanding To and go preferred
shares.
Special Offering of 28,571 share.
OF Twentieth Century Fox Film Co
common was quickly oversubscribec
at 26as.
National Aviation Corp. net asseI
value as of March was $3.50 {
share VS.. $19.03 at the end OF 1914