Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-07-12
Business Briefs

Bank ClearingS in "a leading cities
rose to S1l,647, $4,000 in the week
ended July IL, compared with $l0,-
SOB .901 900 in the preceding holiday
week and were 14.5To above $40, 49,
1872 1000 in the like 1914 week, re-
ported Dun & Bradstreet, Inc.
Freight Loadings in the week end
ed July 7 totaled 726, 404 cars, drop
of 1879 from the previous week and
2.4eo below the like 1914 week, the
Association of American Railroads
announced.
Refined Copper Shipments in June
sank to 94,031 tons, lowest for any
month since Pearl Harbor, and con-
trasted with 139,203 in the previous
month, the Copper Institute an
nounced Stocks totaled 70,738 tons
on June 80 VS.. 63,841 on May 81.
Cold Storage Butter Holdings or
July 7 totaled 108 1861 ,957 pounds, 9
gain of II, 781, 156 from week earlier
ana 19,716,925 above year ago, the
Department Of Agriculture disclosed
New Securities Marketed Today
included: $16,500,000 of 20-year 81
debentureS of Continental Baking
co. at 102 plus interest; $l3,000,QO(
of Champion Paper & Fiber Co. 39t
debentures at 1922 and 100000
shares of $3.50 cumulative preferred
stock of the same firm at los; l6O,-
600 shares of Crane Co. 80 cumula-
tive preferred stock at l62 plus &C
crued dividends; 100000 shares OF
go cumulative preferred of Panhan-
die Eastern Pipe Line Co. at lO4.
Special Offerings on the New York
Stock Exchange today included
1850 shares Of Swift International
at 3234; 1900 shares of Ell Pasc
Natural Gas Co. common at 81;
$500 shares of Atlantic Gulf & West
Indies common at 373s.
New England Public Service Co.
directors will be asked tomorrow to
approve a $15.839,000 bid by Coffin
g. Burr and First Boston Corp. for
stocks of 7 non-utility subsidiaries
including Androsicoggin Mills, Bates
Mfg, Hill Mfg, York Mfg, Edwards
Mfg, Maine Seaboard Paper and
Keyes Fibre. The banking firms
were reported planning to market
the stocks and merge the, 5 textii>
firms into Bates.
Louisville g. Nashville Railroad
was authorized by the ICC to issue
S53119,000 of first and refunding
mortgage 27sqo bonds, series G, and
sell them at 97669 to finance re-
demption of a like amount OF out
standing bonds.
Chesapeake g. Ohio Railway was
authorized by the ICC to issue ST.
100000 of 1l2To equipment trust
certificates.
Remington Rand, Inc, ended wal
production at it's Syracuse, N. Y.
plant and started reconversion tc
the manufacture of standard port
able typewriters, which is to start in
September.
Crown Zellerbach Corp. earned
$7,093,085 or $197 a share in IL
months ended April 80 VS.. $7,603, AL
or $2.19 in the previous year. The
firm announced a $15,000,000 post
war expansion program, including
plans for it's first sulphate plant.
Rayonier, Inc, profit for Il
months ended April 80 was Sl,839,.
126 or 81 cents VS.. 81 ,688, ZOO or Al
cents in the preceding fiscal period
Columbia Pictures Corp. earned
$1,380,00o or $500 in 80 weeks ended
March 81 VS.. 81, AGO, 900 or $3.65 or
few shares year earlier.
National City Bank earned SO
508,372 or $202 in months ended
June 80 VS.. $l3 ,643, 784 or $3.50 a year
ago.
III Paso Natural Gas Co. net fol
May was Sl40,161 or 90 cents VS.
$153, 1876 or Is cents in the same 1914
month.
Fidelity & Deposit of Maryland
declared an extra of 81 share anc
a regular dividend of 81, both pay.
able July II.
Mountain States Power Co. aware
of $7,500.0o0 of go bonds to Kidder
Peabody g. Co. on a bid of Log
was approved by the SEC. Bond
will be reofered at 1915.