Evening star., 1945-07-26
Business Briefs

Bank Clearings in "a leading cities
declined to S10.551 .827.000 in the
week ended July 25 VS.. $11 ,849 ,9l9 ,000
in the previous week, but remained
5.9eo above $9.961 ,244 900 in the like
1914 week, reported Dun & Brad
street, Inc.
Freight Loadings for the week
ended July 81 totaled 882, 1923 cars, a
drop of 10 from the previous week
AND 229o behind the like 1874 week,
the Association of American Rail
roads disclosed.
Railroad Earnings for the first half
of 1945 compared with a year ago
as follows: New York Central, SIS
687, ,437 VS.. $18,619, ,372; st. Paul, $4,-
558,657 VS.. $4,961 ,809; Illinois Gen.
tral. $10,056, ,694 VS.. $10,264 ,597; C. 81
E. l., $1,5l3,6 VS.. 81 ,966, ,097.
Graham-Paige Motors Corp. an
nounced a partnership with Henry
j. Kaiser for production of new
lightweight, low-priced automobile.
A new firm, Kaiser Frazier Corp,
will be owned jointly by Kaiser in
terests and Grahsm-Paige.
Pittsburgh Coal Co. stockholders
approved merger with Consolidation
Coal Co., but there we're so many OBJ
iections from stockholders it was
doubtful the merger would go
through.
National Distillers Products Corp.
profit for the first half was IS 500,-
SIS or SAL VS.. $5.071,113 or $2.48
in the same 1914 period.
Minneapolis Honeywell Regulator
Co. earned $l,894, ,391 or $1.38 in the
half VS.. 81 ,629, ,504 or $l20 a year ago.
Ward Baking Co. net for 27 weeks
ended July was S667, 1888 or S2.61
a preferred share VS.. $638,044 or
$2.49 in the same 1914 period.
General Foods Corp. earned So
033,051 or $144 a share in the first
half VS.. $5,526,317 or SO cents year
ago.
Inland Steel Co. net for the June
quarter was S2,943,4 400 or S1.8l VS..
$2,472,734 or $1.51 in the same 1914
period.
Freeport Sulphur Co. earned ST.
569,385 or S1.96 in the first half VS..
81 ,265 1862 or $1.58 q year ago.
Air Reduction, Inc, profit for the
half was $2,804, ,768 or Sl02 VS.. 81
> 862,623 or $l.05 in the same 1914
period.
United Drug, Inc, earned $940, $50
or 81 cents in the half VS.. $1,O33 .842
or IA cents year ago.
Hershey Chocolate Corp. profit for
the June quarter was $1,058,835 or
$108 VS.. $1,101,788 or $l.14 in the
same 1914 period.
American Chicle Co. earned ST.
406,709 or $325 in the first half VS..
$1541,774 or $3.56 a year ago.
Kimberly Clark Corp. net for the
half was $1,398, ,493 or $195 VS.. ST.
346, ITO or $2l4 in the same 1914 Pc
riod.
Congoleum Nairn, Inc, earned
S379,740 or 10 cents In the half VS..
$349 1862 or So cents year ago.
Lehigh Portland Cement Co. net
for IL months ended June 80 was
$685. or 81 cents VS.. S808,472 OF
80 cents in the previous year.
international Silver Co. earned
$271, ,252 or $2.01 in the June quarter
VS.. 1854, 500 or s304 a year ago.
Republic Steel Corp. will expand
capacity. for cold rolled strip and
sheet steel at its Cleveland plant,
including nearly $4,000 square feet
of additional floor space.
Welch Grape Juice Co. leased its
Westheld and Silver Greek, N. Y.
plants to growers cooperative for
81 years with rent to be so of gross
sales.
Tishman Realty q Construction
Co. announced plans for SIS 900,
900 industrial building in downtown
Manhattan.
Socony- Vacuum Oil Co. has devel-
oped a new method to extract petro-
Ieum from oil shale at q cost of less
than 81 @ barrel.