Evening star., 1945-01-03
Business Briefs

Dcmdnu DepOSltS OF member DdQK!
In 101 leading cities totaled $35 ,042,.
100000 on December 27, a drop Of
So, ,G00,000 from a week earlier, but
$1,147,000,000 above year ago, the
Federal Reserve Board disclosed.
Conserve Bituminous Coal, warned
Solid Fuels Administrator Harold
Ickes. December consumption ex.
ceeded production, possibly by al
much as 11,500,000 tons, and many
industries will have to depend or
stock piles for a large part of theil
fuel, he said.
Washington Terminal Co. received
a high bid of 100.81 on a 25s % basi
for $11 100000 of bonds, due 1870
from Dillon, Read & Co. and asso
ciates. There were six other bids
Reofering was made at 101.38, sub
ject to formal award.
ASH ,991 900 Offering of short-tern
paper will be made by 10 local hous
ing projects on January 9. On tn,
same day, the Loup River Publ,
Power District of Nebraska will re-
ceive bids for s15,600,o00 revenue
bonds.
International Telephone G. TeIe
graph Co. was allowed $5,0O0,00,
from earnings of its Spanish sub
sidiary. This lifted to SIG, 900 900 tn,
amount transferred by Spain OF
$53, 100000 credits of American firms
Chase National Bank earned 500
a share in 1914 VS.. $3.50 in 1943. Al
the years end, assets totaled $780,.
004,0 900 VS.. $4,679, ,974 900 a year ago
deposits, s4,835, $4,000 VS.. $4,375..
$4,000; Federal securities, $685.
$4,000 VS.. $2,603, ,172, 900.
National City Bank net in 1944
was $3.86 VS.. $283 in 1943. Assets al
the close of 1914 were 81, 4,469, ,686, ,46s
VS.. 1867 ,819,349 year ago; deposits
$4,205 ,072,012 VS.. So, ,733, ,649,246 Fed
eral securities, $2,409 ,240, 200 VS.. ST.
174,265,961.
Guaranty Trust Co. assets at the
end of 1914 totaled $3,826, ,161 1892 VS.
$3,601 ,236 ,269 last June 80; deposits
$3,441 ,036,641 VS.. So, 190,8 BOO, 1862; Fed
eral securities, 1885,, ,481, 1867 VS.. ST.
178,737,313.
Lee Rubber g. Tire Co. earned ST..
299, ,84o or $3.50 share in IL month,
ended October 81 VS.. $1,.c41,934 OF
$514 in the previous year.
Seiberling Rubber Co. net for l;
months ended October 81 was $510,.
las or $1.34 VS.. $609, ,301 or $1.70 in
the preceding fiscal period.
American Power G. Light Corp
earned $13,728, ,443 or SITS on COM
bined preferred stocks in IL months
ended November 80 VS.. $15,844, ,0O9 OF
1894 in the previous year.
Pharis Tire & Rubber Co. net fol-
IL months ended October 81 was
$412,660 or $1.96, before renegotia-
ton, compared with $209, ,991 or 9s
cents in the preceding fiscal period
Missouri Pacific Railroad earned
s15,299 ,921 in IL months ended No
vember 80 VS.. SIG, ,036 500 year ago
F1restone Tire & Rubber Co. will
take over operation of the Jacobs
Aircraft Engine Co. plant at Potts
town, Pa, for manufacture of badly
needed military tires.
Chicago & North Western Rail-
road asked ICC permission to issue
$500, 1000 of 1B% promissory notes
to purchase of Diesel locomotives.
Consolidated-Vultee Aircraft Corn
has turned out 30,159 airplanes anc
equivalent spares since Pearl Har.
Dor, President Harry Woodhead re.
ported. In 1914 alone, 1887 were
produced.
Sterling Drug, Inc, purchased
Hilton-Davis Co. by an exchange O.
stock at the rate of one Sterlins
share for each 3A shares of Hilton.
Davis.
Baltimore & Ohio Railroad di.
rectors authorized purchase of 5O(
steel box cars from Greenyille Stee
Car Co.
Aviation Corp. elected Victor
Emanuel board chairman and Irvine
Babcock to succeed Mr.. Emanuel as
president. Mr.. Babcock resigned as
president of Yellow Truck & Coach
Mfg. Co. and vice president Of Gen.
egal Motors Corp.