Evening star., 1945-08-09
Business Briefs
Bank clearings


Bank clearings in "a leading cities
rose to $10,837 100000 in the week
ended August 8 VS.. $40, ,476 ,538 900 in
the previous week and were 222%
above $8,867 ,568 900 in the like 1914
week, reported Dun g. BradStreet
Inc.
Freight Loadings in the week
ended August totaled 863,9l0 cars
a drop of $50 from the previous
week and 2.9%o below year ago
the Association of American Rail-
roads announced.
United States Steel Corp. noti-
fed the Government it will not at
tempt to lease or purchase the &C.
neva steel works in Utah, but will
expand facilities of Columbia Site
Co., it's West Coast subsidiary, at g
reported cost of around S25, 900, 900.
King County Lighting Co. offering
of $4,200,000 first mortgage 31s q
bonds was marketed by Halsey, Stu.
art & Co. at 1924 and interest.
'COca-COla Co. earned $7,673, Ats ol
$1.76 share in the June quarter VS.
S7,680,8 ,899 or $1.81 a year ago.
Sterling Drug, Inc, profit for the
first half was 1858, TOP or ST. 48 VS.
S4,622, ,407 or $l.32 in the same 194H
period.
United Aircraft Corp. earned $6,-
957 $50 or S237 in the half VS.. So
450,113 or $2.93 a year ago
Commercial Credit Co. net for the
half was S2,840, ,242 or S140 VS.. S3,-
040.058 or $l.5l in the same 1914 Pc
riod,
United States Gypsum Co. earned
$2,356.217 or $1.74 in the half VS.
$2,170,266 or $l.58 year ago.
American WoOlen Co. net for the
half was $3,451 PIG or 1896 a pre-
ferred share VS.. $4,037,654 or $11.54
in the same 1914 period.
Columbia Broadcasting System
earned $2,224,170 or S1.30 on COM
bined A and B stocks in 26 weeks
ended June 80 VS.. $2,295 1865 or $134
a year ago
Standard Steel Spring Co. net fol-
the half was $924,829 or SO cents a
share VS.. $6l3, ,289 or AZ cents in the
first half of 1914.
Square ID Co. earned $922,870 o1
S2.09 in the half VS.. $920,854 or $2Os
year ago.
American Gas g. Electric Co. net
for IL months ended June 80 was
Sl2,383,2 ,252 or $2.38 a common share
VS.. $11 ,818,983 or $225 in the preced-
ing fiscal period.
Ruberoid Co. earned $341 TIC or 8t
cents in the first half VS.. 1858 ,33l
or 80 cents year ago.
General Finance Corp. net for SIX
mons ended May 81 was $841 ,64s
or gu cents VS.. $579,023 or go cents
in the same 1914 period.
5. S. Kresge Co. sales for July
totaled $l6.4ll Sal, a gain of 7.3%
from a year ago; for 7 months
$ll6,690,259, an increase of 5.7go.
General Motors Corp. purchased
ESQ acres at Doraville, near Atlanta
Ga, as possible site for a Buick
OldSmobile and Pontiac asSembl,
plant
Goodyear Tire g. Rubber Co. vii
build tire manufacturing plant il
Cape Colony, Union of South Africa
with an initial capacity of 100
tires day.
Solar Mfg. Co. preferred stock
holders authorized issuance of 81.
ooo,uVu VI 90 SINKING IunQ de
bentures, due 1860, with nondetach
able stock purchase warrants.
Warner Co. stockholders will yot
August IA on plan to increase au
thoriseds common from 5000 t.
550,000 Shares and eliminate tn
first and second preferred stocks.
Observation-Disclosures Co. purchase,
Schorn Paint Mfg. Co. and Solasti
Product$ Co. of Seattle to extend it
operations to the Pacific Coast.
National Refining Co. purchase,
the Albert Realty e. Warehous
Corp. at Cleveland. The latter firu
owns 9596 of the stock of William
Whitman Co.
R. H. Macy g. Co. will build a 81,
100000 store in White Plains, N. Y,