Evening star., 1945-04-05
Business Briefs
Bank CIearings in "a |

Bank Clearings in "a leading cities
totaled s10,178, ,033,000 in the week
ended April 4, compared with So
748, ,35l 900 in the previous week, but
remained $50 above S9,618, ,421 900
in the like 1914 week, reported Dun
& Bradstreet. Inc.
Freight lOadings in the week end
ed March 81 totaled 835 ,226 cars, a
gain of 2.39o over the previous week
and 6.2fo above the like 1914 week,
the Association OF American Rail-
roads announced
National Bank Of Detroit offering
of 759,550 common shares was mar
keted by syndicate headed by Nor
gan Stanley & Co. at AZ. Most of
the shares represented holdings of
General Motors Corp.
Chicago G. North Western Rail-
way awarded s54,O00,0O0 of 80
bonds to Kuhn, Loeb & Co. on a
bid of 99.31. Reoffered at par, the
bonds were quickly subscribed and
rose TO 102.
uri-KanSaS-TeXaS Railroad
management claimed proxies as
sured an overwhelming majority in
its favor at the annual meeting to-
morrow.
Sinclair Oil Corp. earned $27,367,- =
1874 or 1928 share in 1914 VS.. s23,-
083.7 .709 or $185 in 1943
Reading Co. net for 1914 was ST.
AL ,589 or 1882 VS.. Sl1,82l,311 or
S644 in the previous year.
Eastern Air Lines, Inc. earned
sl,499,3 ,337 or S2.54 in 1914 VS.. 81 ,426,-
859 or S2.42 in 1943.
American Safety Razor Corp. net
for 1914 was 81 ,400,85l or $295 VS..
s1005,934 or $206 in the previous
year.
Hoover Co. earned S1,141,771 or
s252 in 1914 vs. $685. 1898 or S186 in
l943.
Pennsylvania Glass Sand Corp.
profit for 1914 was S570,70S or S1.29
vs.. S613,320 or Sl42 in the preceding
year.
United States Printing g. LithO-
graph Co. earned $501 1874 or So in
1914 VS.. S557,307 or $255 in 1943.
Packard Motor Car Co. expects to
BOOST postwar passenger car produc-
lion to 100000 a year, continue in
production of aircraft and marine
engines and provide jobs for $4,000
workers instead of the 1000 prewar
peak, stockholders were told
Mcguire Industries, Inc, pur-
chased the Thordarson Electric Mfg.
Co from Burgess Battery Co. for
cash.
Hull Dobs Enterprises, Inc, sold
It's 46 eating establishments in IL
Northern and Eastern States to Ma
tional Toddle House Corp. for $780,
900.
American Tobacco Co. sales in the
first quarter were well above a year
ago. stockholders were told. The
armed forces are taking 67% of
cigarette production.
Middle Vest Corp. contracted to
sell 7l.809 common shares Of Ark
Missouri Power Corp. to Gus
B Walton of Little Rock for $685.
600 and 2,400 common shares of
Missouri Edison TO l.. F. Rodgers of
Dallas for $285,000.
Spokane Gas e. Fuel Co. filed with
the SEC a simpliflcation plan under
which its parent, Cities Service
Power & Light, would surrender
bond and share holdings and cancel
Indebtedness in return for new
common with a stated value of
$412, ,720.
United Public Utilities Corp. asked
SEC permission to call for redemp-
ton on July / 50 2,250, 200 of 6% bonds
and $3,241 800 Of 51a% % bonds at 103.
Lima Locomotive Co. stockholders
approved a new pension plan for
employees.
b. r. Goodrich Co. organized a
new division, the B. F. Goodrich
Chemical Co. William S. Richard
son was named president
Pressed Steel Car Co. elevated
President j. F. MaeEnulty to vice
chairman Of the board and Ernest
Murphy was elected to succeed him