Evening star., 1945-10-11
Business Briefs

Bank ClearingS in "a leading cities
totaled S10,l39,8 900 in the week
ended October 10, a drop of 11.2%
from the previous week, but 12%
above a year ago. reported Dun &
Bradstreet, Inc.
Freight Loadings in the week
ended October totaled 767,9S5 cars
drop of 7.7Ge from the previous
week and 12.4fo below a year ago.
Gasoline Stocks of civilian grade
totaled 45,426,0 barrels on October
6 VS.. 46,204 900 a week earlier anc
39,447,0 900 a year ago, the American
Petroleum Institute announced
Rayon Shipments in September
totaled 60,600,000 pounds VS.. 63,2O0,.
600 in August, declared Rayon Or
canon. In 19 months they totalee
566 100000, a gain of 106 from yeal
ago.
All Security Exchanges in the Ma.
tion will remain closed both Friday
and Saturday, extending the usual
Columbus Day suspension.
Saturday Closings for all New
York banks throughout the year was
urged by George v. Mclaughlin
president of the Brooklyn Trust Co.
IN a letter to other bank executives
New Securities Marketed Today
include: 89,409 shares of Murray
Corp. cumulative 40 preferred stock
at par of so; 81 ,000, 900 of Washing
ton Suburban Sanitary District
tMaryland) 1871 water bonds at
prices to yield from .5as for 1s46
maturities to 16gs for 1876 ma
turtles.
S. S. Kresge Co. declared an extra
OF 20 cents and regular dividend
OF 80 cents a common share, both
payable December IL. Previous
quarterly payments were Is cents
with 20-cent extras at the end of
1914 and 1943.
F. l.. Jacobs Co. declared a divi-
dend of 20 cents a common share
payable November 10, first since
1887; also an initial quarterly of
62]2 cents on preferred, payable
October 81.
Electric Bond & Share Co. plan l,
calling for a cash payment of $50
share on So and SO stock and a
300 cut in dividends, was approved
by the SEC. The firm earned S624,-
919 in 3 months ended September
30 VS.. $l,l52,94 a year ago.
Z. r.. Squibb G. Sons earned 81
512,595 or SAIL share in u months
ended June 30 VS.. $2,389,816 or S.. go
in the preceding fiscal pericc.
Royal Typewriter Co. profit for l.
months ended July 81 was $1,467,.
962 or Slip a common share VS.. ST.
056,581 or IA cents in the previous
year.
United Corp. Delaware) reported
net income of $387 $50 or 80 cents a
preferred share in 3 months ended
September 80 VS.. $464, ,434 or 38 cents
in the same 1914 period.
Walter E. Heller g. Co, earned
$337, ,845 or 80 cents a common share
in 8 months ended September 80 VS..
S329,776 or 90 cents year ago.
Blue Ridge Corp. failed to receive
the necessary two-thirds vote of
preference shares for its stock re-
classification plan and will aban-
don it.
Minnesota Mining g. Mfg. Co
stockholders will vote November
on proposed 2-for-1 splitup in
common stock
American Bridge Co. announced
plans to modernize its Gary struc-
tural steel plant to meet heavy post
war demand Working area viii be
increased about 10eo.
st. Regis Paper Co. sold SIS 5,0O0,-
600 of 80 20-year debentures to g
group of insurance companies al
an interest cost of 29Go.
Missouri-Kansas Texas Railroad
sold $4,000 of equipment trust GER
ticates to Central Hanover Bank &
Trust Co. on bid of 99.928 for a
1h6 interest rate.
Bond Stores, Inc, sales for Sep
tember totaled $3,782,811, drop OF
20.26 from a year ago; for 9 months,
S32 1874 1923, decline of 3.2qo.