Evening star., 1945-09-05
Business Briefs

Demand Deposits of member banks
In l01 leading cities totaled S38, ,140,-
100000 above a year ago, reported
the Federal Reserve Board
Net Railway Income of class I
carriers approximated S394,000, 900
in the first months of l945 VS..
1919 1885, in the same 1914 period,
the Association of American Rail
around $63 100000 VS.. S57, 1862 ,282.
Uncle Sam Will Keep His Black
list of foreign business firms, ad-
ministration officials said. The aim
is to give pro-Ally concerns a post
war trade advantage over those al
legged to have assisted the Axis dur
ing the war. The blacklist is pub
lished monthly.
War Contract Cancellations re-
ported to the SEC included: Hazel
tine Corp, 28,560,000; Union Oil
Co. of California, S28,500,000; Eu-
reka Vacuum Cleaner, $3,968,315;
Goldfeld Consolidated Mines, ST.
100000; Berkey & Gay Furniture,
S1,186,17l Penn Electric Switch, ST.
279,4 400.
North American Co. will receive
bids to noon September II on 700,-
900 shares OF S25 par value common
stock of Pacific Gas & Electric Co
AS step toward meeting SEC re-
quirements under the holding COM
pany act. Proceeds will be used tc
redeem all So preferred stock at SIS
Sun Oil Co. declared a 1870 stock
dividend, payable December Is anC
asked the New York Stock Exchange
to list the additional 312,277 shares
required by the dividend
Manufa cturers Trust Co. of New
York declared quarterly DIVIDEND
of SO cents share, payable October
/. Previous dividends we're so cents
South West Pennsylvania Pipe
Lines Co. declared a dividend of S.
a share, payable October /. Two pre-.
vious payments of so cents each
were made this year.
Textron, Inc, will operate 25O,O0(
spindles and 1000 looms if negotia-
tions for purchase of Lonsdale Co
are successful, President Royal Little
said. An additional 1000 workers are
needed, despite an intensive adver-
tising campaign. 1t will take at least
a year to get enough workers, Mr.
Little estimated
Southern Pacific System earned
s22,552, ,130 or $598 a share in :
months ended July 81 VS.. S26,661,.
SIG or s7.12 year ago.
st. Louis Southwestern Lines re.
ported net income of $5,004, ,166 fr
7 months ended July 81 VS.. S4,-
O51,811 in the same 1914 period.
Paraffine Companies, Inc, earned
S1,946,481 or $3.50 in II months end.
ed June 80 VS.. $2,015,604 or $40;
in the previous year.
Gaylord Container Corp. will
spend around S4,000,000 in the mex
so to 80 days for construction Of
3 new corrugated and fibre bo,
plants at Milwaukee, Greensboro
N. c., and Lancaster, Pa.
General Motors Corp. plans tt
construct S6,580,00o plant at Kan.
sas City to assemble Buick, Olds.
mobile and Pontiac cars. if tht
WPB approves.
Pepperell Mfg. Co. will spend $2,
100000 to expand its plant-at Ope
hka, Ala.
National Acme Co. order backlof
is sufficient TO maintain production
above 1889 levels for full year
Employees total $500 VS.. 1900 il
1889.
Delay Stores, Inc, purchased the
Nofio1,oI f,1 fo,
cash and will establish 2 additional
branches of its own at St. Joseph
and Joplin, Mo.
Chicago & Eastern Illinois Rail-
road was authorized by the ICC tt
issue 81, ,440,0 900 of equipment trust
certificates to help finance purchase
OF 3 diesel locomotives and 500 coaI
cars.