Evening star., 1945-07-19
Business Briefs

Bank Clearings in "a leading cities
rose to $1l 1888. .276,000 in the week
ended July 16 VS.. $1l ,656, ,143, 900 in
the previous week and were 749o
above SHOPS, 1888 900 in the like 1914
week, reported Dun & Bradstreet,
Inc.
Freight Loadings in the week end
ed July IA totaled 883,268 cars, a
gain of 21.6fo from the preceding
holiday week, but 23qo below the
like 1914 week, the Association of
american Railroads announced.
Dow Chemical Co. will call for
rayment on September l its out
landing $7,5OO,0O0 of 2AG6 de-
antures, due 1850, and S3,750,000 OF
rial debentures.
F. L. Jacobs Co. stockholders will
tie August 16 on a plan to increase
5mmon stock from 100000 to 1000
10 shares and authorize 100000
mares of $50 par SO cumulative
convertible preferred.
Anchorage Homes, Inc, registered
with the SEC 505,000 shares of class
A 81 par value capital stock and
10000 shares of class B 10-cent par
value capital stock.
Colorado Fuel g. Iron Corp. is in
terested in a tieup with Henry Kai-
5er's Fontana, Calf, steel mill and
possibly the Geneva, Utah, steel
liant, said Chairman Allen.
Loew's, Inc, sold 100000 of 20
year, $3.50 debentures to insurance
companies and arranged a $12,000,-
coo loan at 296 from a bank group
headed by First National of Boston.
Proceeds will be used to retire $13,-
100000 of 80 debentureS and the
S10,850,000 debt of subsidiary, and
Increase working capital.
Pan American Airways traffic is
expanding sharply, President Trippe
told stockholders. A new under
writing agreement with a banking
group will result in total new funds
of about $42,000,000 when the offer
ing to holders is concluded next
week, he said.
Atlantic Coast Line Railroad
placed common dividends on quar-
terly basis with a declaration of 81
a share, payable September 13.
Only payment this year was $1.75 in
June.
Louisville & Nashville Railroad
earned $8,834, ,399 or $3.77 a share in
five months ended May 81 VS.. $7,091,-
63l or $3.03 year ago.
SeabOard Air Line Railway net for
five months ended May 81 was ST.
229, ,069 VS.. $4,437,919 in the same
1914 period.
E. 1. DUPONT de Nemours g. Co.
earned $2.93 share in 6 months
ended June 80 VS.. S2.72 year ago.
WOrthingtOn Pump e. Machinery
Corp. net for 6 months ended June
80 was 81 ,466 1896 or $4.l0 VS.. 2,229,-
265 or $6.79 in the same 1914 period.
Dome Mines, Ltd. profit for G
months ended June 80 was 81, ,162,- :
738 or so cents on common stock
VS.. 81 1,387,270 or II cents. in the
same 1914 period,
Pittsburgh Coal Co. earned $544,-
230 or $156 a preferred share in
months ended June 80 VS.. 1921 ,511 or
S2.53 a year ago.
Magma Copper Co. net for
months ended June 30 was 1886 1854
or "a cents a common share VS..
S280,343 or SO cents in the same
1914 period.
Consolidation Coal Co. earned
$962,093 or $135 in 6 months ended
June 80 VS.. $954,546 or $1.38 a year
ago.
Howe Sound Co. net for months
ended June 80 was $432, ,404 or "a
cents VS.. $432 1866 or "a cents in the
same 1914 period.
West Virginia Coal & Coke Corp
earned $55l ,426 or $1.31 in six months
ended June 30 VS.. $64l ,082 or $1.60 a
year ago.
Atlas Plywood Corp. entered into a
leaSehold arrangement with Tide
water Petroleum & Gas Co. to ex-
plore for oil in its tirnberlands OF
@Rseh Carolina.