Evening star., 1945-04-12
Business Briefs

Bank Clearings in "a leading cit
les rose to $40 ,243 ,481 900 in the week
ended April IL VS.. sl0,l74, ,970, 900 in
the previous week and 214qo above
s8,437 ,0l2,000 in the like 1914 week
reported Dun g. Bradstreet, Inc,
Freight Loadings in the week end
cd April 7 totaled 764,763 cars, a
drop of $40 from the previous
week and 2.9oo below a year ago, the
Association of American Railroads
announced.
Reading Co. awarded $4,000, ,00C
of series D first and refunding mort
gage bonds to Halsey, Stuart g. Co
on a bid of 100.59 for a $50 cou-
pom. The bonds we're reoffered at
l0l.87 Morgan Stanley g. Co. bic
l00.635 for a 3i4 coupon.
Virginia Electric e. Power Co. will
Use $4,036791 in escrow funds held
by Chase National and S3,450,000 OF
general funds with proceeds from
its proposed s59,00o,O0O issue OF
series E bonds to redeem all out
standing bonds, the SEC was tolc
by Donald c. Barnes, president ol
Engineers Public Service Co.. par
ent firm.
B. F. Goodrich Co. registered with
the SEC S35 100000 of first mortgage
bonds, due 1865, to be offered by
Goldman, Sachs g. Co. Proceeds
will be used to redeem A. e bonds
at lO3 and go bonds at lO3a4. and
increase working capital,
Graham-Paige Motors Corp. reg
lstered with the SEC 100000 So
preferred shares to be marketed by
Allen 81 Co.
Distillers Corp -Seagrams, Ltd.
earned $9,386,675 or $5.l6 in 6
months ended January 81 VS.. S7,2l0,-
G95 or 1892 year earlier.
American Gas e. Electric Co. net
for IL months ended February %
was $12,337,74l or $237 VS. 1884,
$40 or 1921 in the preceding fiscal
period.
Libbey-O Owens Ford Glass Co.
earned $1,903,4 or rs cents in the
first 1945 quarter VS.. $2,412,471 or
IS cents a year ago.
Northern Pacific Railway profit
tor months ended February %
was ST 1,228,l2 or 40 cents VS.. $l,109.-
425 or As cents in the same 1914
period.
Ward Baking Co. earned 1924 1892
or s115 a preferred share in IL
weeks ended March "a VS.. 1924, 4,576
or al.11 I'M the like l3-week period
Of 1914.
Sloss- Sheffield Steel e. Iron Corp.
net for months ended March 81
was $l92, ,703 or 80 cents VS.. $l70,522
or Is cents a year ago.
Noranda Mines, Ltd, earned So
238,374 or $4.12 in 1914 VS.. $11, ,601, ,74s
or $5.18 in 1943.
Consolidated Mining & Smelling
Co. of Canada reported net of &c.
10000 or $3.50 for 1914 VS.. $685.
$50 or $2.78 in the previous year.
Fruehauf Trailer Co. earned ST.
OO5 POS or $429 in 1914 VS.. 2,237 ,841
Or S5.22 in 1943.
Superheater Co. net for 1914 was
81 ,52l ,484 or $1.76 VS.. sl,680,49 OF
sl95 in the previous year.
Chesapeake Corp. Of Virginia
earned s142,240 or 81 cents in Il
weeks ended March "a VS.. 80 cents
share year ago.
Campbell, Wyant a. Cannon
Foundry Co. net for 1914 was $74O,-
452 or $215 VS.. 1912 ,262 or $2.82 In
the previous year.
General Foods Corp. is in the best
cash position in its history with
S6,374 ,239 reserves set aside, Chair
man Clarence Francis told stock
holders.
r. Hoe & Co. reported shipments
In March were the highest for any
month on record.
Chicago e. North Western Railway
asked ICC authority to issue So
10000 of equipment trust certifi-
Gates to help finance purchase of
1000 freight cars and 20 passenger
. 4ches.