Evening star., 1945-04-19
Business Briefs
Bank CIearingS

Bank Clearings in "a leading cit
les declined to s10,190, SAC, 900 in the
week ended April 18 VS.. $10,244,612,-
600 in the previous week, but were
$50 above $9,543, 1877 900 in the like
1874 week, reported Dun & Brad
street. Inc.
Freight LOadings in the week
ended April IA totaled 6,39l cars,
gain of 1917 over the previous
week and 6% above a year ago, the
Association of American Railroads
announced.
New York Central Railroad award
ed s7,500,000 of equipment trust cer-
tif1cates to Solomon Bros. & Hutzler
on bid of 99.3799 for 15a coupon
2eoffering was at prices to yield
from .85%c to 1907.
Joseph E. Seagrams G. Sons, Inc.
registered with the SEC $4,000, ,0oC
of 20-year debentures, guaranteed
Internationally by Distillers Corp
Seagrams, Ltd. Proceeds will be
used to pay $1,000, 900 of bank notes
and increase working capital.
Republic Service Corp. sale of s
Virginia subsidiaries was approved
by the SEC. Potomac Edison is
buying Page Power Co., Madison
Power, Massanutten Power and
Massanutten Water Corp. for ST.
936,069. American Gas & Electric
Co. is paying S68s,189 for Holston
River Power Co.
American Telephone & Telegraph
Co. stockholders we're told by Presi-
dent Walter S. Clifford that more
than $1,000, 100000 worth of new
equipment would be needed quickly
after the war to meet civilian de-
mands.
National Dairy Products Corp.
will spend s50,000,00O to $4,000, 900
for new plants and equipment in the
first five years after the war, Presi-
dent L. A. Van Bomel told stock
holders.
E. I. du Pont de Nemours & Co.
profit for the first 1945 quarter was
equal to $l.52 share VS.. $1.38 a
year ago.
Owens Illinois Glass Co. earned
$6,004,232 or 1901 a share in II
months ended March 81 VS.. $685.
7s7 or 1886 in the preceding fiscal
period.
Pennsylvania Railroad net for
months ended February 28 was ST.
l2o.906 or l6 cents VS.. 1851 ,686 or
73 cents year ago.
Seaboard Air Line Railway earned
1881 ,562 in 2 months ended February
e VS.. $l,718,789 in the same 1914
period.
Flintkote Co. and subsidiaries re-
ported profit of 1924, $50 or % cents
in IL weeks ended March "a VS.
s317.883 or 80 cents on fewer shares
in the like period last year.
Cream Of Wheat Corp. net for II
months ended March 81 was ST.
924, ,446 or $l.7l VS.. 81, ,000,115 or $1.6e
in the previous year.
Conde Mast Publications, Inc
earned $476,997 or 81 40 in the March
quarter VS.. $368,053 or $1.10 in the
same 1914 period.
Colts Patent Fire Arms Mfg. Co
reported net loss of $3,661 $50 fol
1914 VS.. Sill ,295 profit in 1913. Prof,
for the last 20 weeks has been $778,.
Oh. President Anthony said.
Commonwealth & Southern Corp
earned $11,849,536 or S7.99 a pre-.
ferred share in IL months ended
March 81 VS.. $12,011, ,720 or $8.l0 ir
the previous fiscal period.
Devoe & Reynolds Co. acquired
Beckwith- Chandler Co. of Newark
manufacturers of railroad and in.
dustrial finishes.
United States Fidelity & Guar.
antee Co. assets on March 81 totalec
500, ,048, ,752 VS.. $92, 2,052 ,209 a veal
earlier.
Godchaux Sugars, Inc, stock
holders approved creation of new
$3.50 cumulative preferred shares to
replace present 81 preferred on the
basis Of Ia new shares for each old
share.