Evening star., 1945-12-06
Business Briefs

Bank Clearings in a leading cities
jumped to 1880, ,658 900 in the week
ended December S, highest weekly
total in Is years, and compared with
s9,s64 1886, 900 in the previous week
and $12,829, ,2S2, 900 a year ago, re-
ported Dun & Bradstreet, Inc. Part
Of the sharp gain was due to pur-
chases in the Victory Loan drive.
E Bond Redemptions to October
81 amounted to $3.50 ,0O0, 900 OF
22.069o Of the $3s, s,44s, ,o00, 900 total
sold, the Treasury revealed. ON
Gals estimated 3lso Of redenptions
represented distressed selling.
Gasoline Stocks of civilian grade
totaled So, ,4s4 900 barrels on Decem-
Der VS.. 57,53s, 900 a week earlier
and Il, 467 900 year ago, the Aneri-
can Petroleum Institute announced
Freight Loadings for the weel
ended December / totaled s03,7
cars, 1 gain OF 1920 from the pre-.
ceding week, but SO below the hk.
1874 week, the Association Of Amer.
lean Railroads disclosed.
Standard Gas d Electric Co. and
subsidiaries earned $3,s7s, 1893 in 8
months ended September 80 VS.. $3,.
772,642 year ago.
Philadelphia Co. profit for
months was $5,644,333 VI. $5,371. .374
in the same 1914 period.
Chicago Pneumatic Tool Co. earn
ed 1,437,2l1 or $2.73 in 9 months VS.
sl,509, ,657 or $2.95 year ago.
Rayonler, Inc, profit for 6 months
ended October 81 was $758,7S5 or IA
cents VS.. 1851, ,085 or IS cents in the
same 1914 period.
Mergenthaler Linotype Co. earned
s1,442,923 or $6.12 in IL months
ended September 80 VS.. $1,774,351 OF
S753 in the previous year.
National Linen Service Corp. net
for II months ended August 81 was
s73o,519 or $1.1s VS.. $7s3,418 or $1.3l
in the preceding fiscal period.
Ward Baking Co. declared an ini.
tial year end dividend of IS cents a
share on new common, payable De.
cember %, and an initial quarterly
OF $1.371z on new 5hT preferred
payable January /.
Great Western Sugar Co. declared
q dividend of 80 cents a common
share, payable January 2. Previous
quarterly payment was 40 cents.
Gfanite City Steel Co. is unable to
pay p year end dividend In 1945 for
the FIRST time in history, said Presi-
dent Hayward Niedrinshaus. He
blamed rising costs.
Mcclellan Stores Co. sales for No.
vember totaled $3,934,S20, . gain oi
3.4so from a year ago; for 10 months
ended November 80, $33 1906, ,483, an
increase Of 6.5Es.
Union Pacific Railroad offered tc
redeem Immediately SIS, ,9l9, 900 OF
outstanding noncallable funded debt
OF leased lines due in 1916 and 1947
Funds will be provided from cur
rent resources.
Bowman -Biltmore Hotels Corn. re.
organization plan was approved by
common stockholders, but meetingi
OF first and second preferred hold
ers were adjourned until Decem.
ber ~.
American Bantam Car Co. direc.
tors have substituted a new re.
capitalization plan for the ons
recommended in April. The new
plan involves issuance Of rights tx
common holders.
EYersharp, Inc, acquired con.
trolling interest ire Magazine Re-
pcattng Razor Co., makers Of Schick
razofs.
.Fneuhauf Trailer Co. has com.
pleted reconversion and civilian
trailer production Is In full swing
decla&ed President n. c. Fruehauf
Cak4eSie-I Illinois Steel Corp. an.
nounfed the retirement Of Harry r
KnaN, manager of sales, special
accoqts, In the Washington once
He 3 been with United States
Steel Subsidiaries for a years.