Evening star., 1945-08-30
Business Briefs

Bank Clearings in "a leading cities
expanded to $9,942 667 900 in the
week ended August % VS.. S9,023, ,214,-
100 in the previous week and So ,639,
$4,000 in the like 1914 week, re-
ported Dun & Bradstreet, Inc.
Freight loadings in the week end
I'd August Is tGtaled 853,426 cars
gain of 30.7e5 from the previous
week, but $40 below a year ago
he Association of American Rail-
oadS announced.
Industrial Rayon Corp. will con-
truct an additional S25 100000 plant
% increase annual yarn production
~ 10000 900 pounds. Present plants
ire at Painesville, Cleveland and
Covington, Va.
Glenn l.. Martin Co. announced
olans for production of a 30-passen-
,er, twin-engine commercial ship,
which promises passenger fares
over than first-claSS rail rates"
Pullman Co. customers. the rail-
OadS, were invited to send eXecu-
ives to an early conference with a
,roup headed by Otis & Co., which
plans to purchase the sleeping cal
service. A new contract to "ade-
luately meet the needs of the fu-
,ure" will be discussed.
Ashland Oil & Refining Co. offer
ng of $5000.000 go debentures was
marketed at 100 and interest. Pro-
leeds will be used to retire a bank
oan and increase working capital
General Finance Corp. of Chicago
registered with the SEC So 900 900 o1
I5-year 334Go debentures for ex-
panSion purposes.
Adams Hat Stores, Inc, registered
With the SEC 100000 shares of ST pei
common stock to be offered to the
public at $3.50 share.
Associated Dry Goods Corp. esti-
mated profit for the first half o1
!945 was 81 100000 or $152 share
VS.. 81, 100000 or IS cents in the same
1914 period.
Pepperell Mfg. Co. earned $1,815,-
203 or $18.15 in II months ended
June 80 VS.. ST 1865, TAG or $1S65 in the
previous year.
Julius Kayser & Co. profit for Il
nonthsTended June 80 was 81, ,155 ,260
or $3.12 vs. 81 ,168,355 or $3.16 in the
preceding fiscal period.
United States PIywood Corp
earned $430,500 or 81 cents in three
months ended July 81 VS.. S252, 500 OF
SO cents year ago.
National Airlines net for Il
months ended June 30 was $169 SIS
or "a cents VS.. 81 1886 in the preceding
fiscal period.
Hecla Mining Co. earned S314,22s
or 81 cents in the June quarter VS.
1927 ,225 or SO cents a year ago.
Gaylord COntainer Corp. profit
for the first half of 1945 was S5i4 34T
Or II cents VS.. $522 500 or 73 cents
In the same 1914 period.
Bullard Co. earned 1882, 1913 or 81 q
In the half VS.. a deficit of $3.50, ,69s
D year ago.
Chesapeake & Potomac Telephone
Co. OF Baltimore City reported net
OF $198,878 for July VS.. $220,525 ir
the same 1874 month.
Warner & Swasey Co. will entel
the textile machinery field as al
hiA0AoAAoA ooSP AL q 101lS tCllA pIO'
gram of product diversification.
AireOn Mfg. Co. purchased firm
in the Midwest for $65Q000 and it.
payrolls will soon be back to theil
wartime peak.
Emerson Radio & Phonograpl
Corp. acquired 1000 of the stock O
Radio Speakers, Inc, of Chicago.
Columbia Gas & Electric Corn
called for redemption on October
all SO debentures, due 1852 at 10.
and interest.
Hotels Statler Co, Inc, elected
John L. Hennessy board chairman t,
succeed Mrs. E. M. Statler, who be.
came honorary chairman. Arthur
F. Douglas was named president.
Erie Railroad elected Brig. Gen
p. w. Johnston vice president.