Evening star., 1945-02-23
Business Briefs

Bank Clearings in "a leading cities
rose to $11,756, ,466, 900 in the full
week ended January 81, compared
with S9,450, ,188 900 in the preceding
holiday week, and also were well
above S8,449 1868 in the like 1914
week, which included a holiday, re-
ported Dun & Bradstreet, Inc.
Freight Loadings in the week
ended February II totaled 783,73e
cars, a gain of 3.7%s from the
previous week and VIZ above 6
year ago, the Association of Amer.
lean Railroads announced.
Net Railway Incomes in Januar,
and a year ago: Union Pacific, ST.
874,867 VS.. S2,269, ,155; Nickel Plate
S6l4,921 VS., S523,074: Texas g. Pa.
ciflc, s535,955 VS.. $311,296; Erie
$l23,023 VS.. s452,712.
General Electric Co. declared 6
quarterly dividend of 40 cents 6
common share, payable April Is
placing the stock on an annua
basis of S1.60 VS.. $1.40 last year.
Pan American Always stock.
holders approved a 2-for-1 stocl
splitup and an increase in author.
lied capital stock from 100000 tt
100000 shares.
American Telephone & TELEGRAPH
Co. earned $163, 1854 or 1884 9
share in 1914 VS.. $168, $50, ,764 or S.
in 1943. Including subsidiaries, net
was S169,856,561 or $3.50 VS.. s177,.
10000 or $3.50.
Ohio Bell Telephone Co. earned
s9,665,317 in 1914 VS.. $a,74S, ,S99 ir
1943.
American Rolling Mill Co. net for
1914 was $5.065,000 or S1.O5 VS.. S.
098,074 or $1.42 in the previous year
Engineers Public Service Co. and
subsidiaries earned $6,947,677 or
$3.50 in 1914 VS.. SIS ,595, ,123 or SITS in
1943.
Virginia ElectricNPower Co. net for
1914 was $5,675,256 VS.. $4,546,841 in
the previous year.
Eastern Gas e. Fuel Associates
earned S3,073,372 or $525 on second
preferred stock in 1914 VS.. $3,11e, ,725
or $5.38 in 1943.
Standard Oil Co. (Kentucky) re-
ported profit of So ,009 1893 or ST is in
1914 VS.. $3,056,366 or SLIT in the
preceding year.
Raybestos Manhattan, Inc,
earned s1,677, ,465 or $2.67 in 1914 VS..
$1,651 ,160 or $3.50 in 1943.
Robert Gair Co., Inc, net for 1914
was s916.100 or 81 cents VS.. 81 ,064,-
486 or IA cents in the previous year
Bayuk Cigars earned ST 1,245,733 or
$3.17 in 1914 VS.. 81 ,318 1865 or $3.35 in
1943.
Mohawk Carpet Mills net for 1914
was 81 ,240,000 or $233 VS.. S1,274,617
or $2.40 in the previous year.
Durham Hosiery Mills earned
S249 056 or $180 in 1914 VS.. $3.50, ,OO2
or $182 in 1943.
National Acme Co. net for 1914
was $l,731 ,780 or $346 VS.. $2,035, 1897
or $4.07 in the previous year.
Chicago Milwaukee, st. Paul &
Pacific Railroad reorganization plan
was confirmed by Federal Judge
Michael L. Igoe at Chicago.
New York Life Insurance Co. as
sets at the end of 1914 totaled S.
57O,738,940, a gain of 1927, 1872 ,5lO
IroIn q year earlier, insurance in
force, $7,644, ,7o3, ,430, an increase OF
1904, ,12I ,6S6.
Continental Gas e. Electric Corn.
sale OF all interest in Iowa Nebraska
Light q Power Co. to Central Elec-
tric q Gas Co. for a base price of
$4,325. 900 was approved by the SEC,
General Time Instrument Corp
acquired a substantial interest in
Hayden Mfg. Corp.
Chicago, Rock Island & Pacific
Railroad was authorized by Federal
Court at Chicago to buy 10 steam
locomotives from American Loco
motive Co. for $4,000
Illinois Central Railroad elected
Wayne A. Johnston president to
succeed the late John L. Beven.