Evening star., 1945-10-04
Business Briefs

Bank Clearings in "a leading
cities declined to $11 ,447, TBS 900 in
the week ended October 3, COM
pared with S11 $50, SAT 900 in the
previous week, but were well above
s10,536, sac, 900 in the like 1914 week,
reported Dun & Bradstreet, Inc.
Net Railway Income of class
carriers in August totaled $51 ,300,-
600 VS.. $50, ,346, ,451 a year ago, the
Association of American Railroads
announced. In months of $1945,
net was s445, ,0o0, 900 VS.. SAT POS PIT
a year ago.
Freight Loadings in the week end
ed September 30 totaled 832 ,263 cars
a drop OF SO from the previous week
and 8.8So below a year ago.
Gasoline Production in the week
ended September % totaled 11,913,-
900 barrels VS.. 14,545 900 in the pre-
vious week, the American Petrole-
um Institute announced. Stocks, OF
civilian grade totaled 1920, 900 bar
rels at the end of the week, a droE
Of 1885,, 900 from a week earlier.
New Securities Offered Today in
eluded: $93,o00,000 Pennsylvania
Power g. Light Co. go bonds at
1919; $6,000,0 900 Consolidated Gro
GERS Corp. 31a4o debentures at 10l
also 10000 of SO preferred shares
ut 102 and 10000 common shares at
17A; 1929 shares of Thrifty Drug
Stores Co. 4l2% preferred at 100
also 900 common shares at 20.
Polaroid Corp. registered with the
SEC 80,075 common shares to be
offered present holders at the rate
of a new share for each 4 now held
Central Railroad of New Jersey
announced it is considering profit
sharing plan under which employees
would be guaranteed a maximum
proportionate share of profits con-
sistent with operation of the busi-
ness.
Southern Pacific transportation
system earned $26, ,343,911 or $6.98 a
share in months ended August 81
VS.. $29,971 1853 or $794 a year ago.
st. Louis Southwestern Railroad
net for months ended August 81
was $685., ,342 VS.. $4,939, ,720 in the
same 1914 period.
American e. Foreign Power Corp.
and subsidiaries earned $2,60l ,634
or So on combined preferreds in 3
months ended June 80 VS.. $2,532 1888
or 1922 a year ago.
r. HI. Macy e. Co., Inc., net for 12
months ended july % was SIS, ,225 1886
or $2.73 common share VS.. $4,118,-
$40 or $2.49 In the previous year.
Childs Co. profit for 8 months
ended August 81 was $567 ,686 VS..
$77S, ZOO in the same 1914 period.
Shamrock Oil q Gas Corp. earned
1926, 800 or 81 cents a share in 8
months ended August 81 VS.. $857, ,750
o1 01 cents a year ago.
Diana Stores Corp. profit for IL
months ended July 81 was 1919 ,389
or $l.89 VS.. $305,913 or $1.52 in the
preceding fiscal period.
Maytag Co. added an automatic
type washer, automatic clothes drier,
gas range and an electric frozen
food locker to its line of appliances.
Phelps Dodge Corp. will retire on
December Is $7,587 900 of 3K% de-
bentures, its entire funded debt, at
103 plus interest.
All American Cables & Radio,
Inc, and Mackay Radio g. Tele-
graph Co. asked FEC authority to
reduce press rates from New York
to Latin America from S to cents
q word.
Corning Glass Works purchased
q substantial interest in Cristalerias
de Chile, largest glass firm in that
country Interests we're previously
acquired In Argentine and Bra
lillian companies.
American Airlines elected L. G.
Fritz vice president in charge of
operations to succeed Hugh L.
Smith, who will remain as vice
president in charge OF special as
signments. Mr.. Fritz formerly held
the same position with TWA.
Atlas Plywood Corp. elected Sin
clair Weeks, former Senator. to the
hoard