Evening star., 1945-03-15
Business Briefs

Bank Clearings in "a leading cities
declined to $10,498 ,999, 900 in the
week ended March IA. compared
with l0,92S $50 900 in the previous
week, but remained 1870 above So
373, 3,903, 900 year ago, Dun g. Brad
street, Inc, reported.
New Life Insurance written In
February amounted to $739 ,162 900, q
gain OF 40 from year ago, the Life
Insurance Association announced.
In two months of 1914 the total was
81 ,487,014,000, a drop of $50 from a
year ago.
Cotton Consumption by domestic
mills in February totaled 781 $50
bales of lint and 119,308 of lnters
VS.. 849,945 and 128,781 in the pre-
vious month and Bill ,062 and lot ,262
a year ago. the Census Bureau re-
vealed. For seven months ended
February %, it totaled 5,658, TAO of
lint and 863,106 of linters VS.. $780,
178 and 759,433 year ago.
Freight Loadings in the week
ended March 10 totaled 766 ,290 cars,
a drop of 24% from the previous
week and 1.8% below year ago, the
Association of American Railroads
disclosed.
Virginia Electric e. Power Co.
asked SEC permission to sell at COM
petitive bidding $33, 900 900 of series
E first and refunding mortgage
bonds. Proceeds would be used with
other funds to redeem $37, 500 900 OF
series B 31aSo bonds.
Marshall Field g. Co. recapitaliza-
plan has been approved by the SEC
An exchange proposal fixing the
offering price of new 4AGo cumu-
lative preferred stock at 1914, has
been mailed to all preferred holders
Texas Co. earned $54,516,819 or
$4.85 q share in 1914 VS.. S42, 1886, ,979
or 1888 in 1943.
Phillips Petroleum Co. net for 1914
was $20, ,952 ,0S8 or $4.26 VS.. $14, ,168,-
422 or $3.04 in the previous year.
Allied Chemical e. Dye Corp.
earned $18 8,025, OTIS or 1914 in 1914 VS..
$19,023, ,679 or $3.50 in 1943.>
Transamerica Corp. net for 1914
was $l6,241 $40 or $163 VS.. SIS, 49,
TIC or $1.55 in the previous year.
Pittsburgh Plate Glass Co. earned
$13,450, ,636 or $6.O8 in 1914 VS.. $13,-
1896, ,588 or 1905 in 1943.
Atlantic Refining Co. net for 1914
was $14,710,913 or $3.50 VS.. $40, $685.
AS Or $3.79 In the previous year..
American Gas & Electric Co.
earned $12,242,884 or $2.35 in Il
months ended January 81 VS.. $11.-
563 1879 or 1920 in the preceding fis-
cal period. :
Standard Brands, Inc,s profit for
1914 was 1906, 1872 or $3.50 VS.. So
218,l87 or s2.63 in the previous yeay.
Remington Arms Co. net for 1914
was So, ,l57 or 80 cents VS.. $3,-
578, 8,342 or A cents in the previous
year.
Abbott Laboratories profit for 1874
was $3.039,513 or $3.4a VS.. So ,285 SOC
or $4.19 on fewer shares in the pre-
ceding year.
United Engineering & Foundry
Co. earned 81 ,35O, ,35l or $3.50 in 1914
IS. $2,754,5l7 or 1929 in I943,
Merck 4 Co. net for 1914 was $2,-
2S5,4s2 or $1.75 VS.. $3,592,019 or $3.l1
III the previous year.
Electric Storage Battery Co
earned $l,1dj ,U06 or $l.l6 IN 1874 vs.
$2,056, ,l06 or $226 tn 1913.
Stanley Works profit for 1914 was
$1,s76, 40 or $3.79 VS.. $2,02o, TAI OF
$3.50 in the previous year.
Federal Mining 4 Smelling Co
earned 81 ,269 ,636 or $5.15 In 1914 VS.
$1.198, ,043 or 1856 in l043.
HAMILTON Watch Co. net for 1914
was $736, ,709 or 4l.39 vs.. $576, ,843 OF
90 cents In the preceding year.
Disna Stores Corp purchased al
stock Of Peggie Hale, Inc. women's
apparel chain, for cash.
Kolynos Co. will start making den
tai cream In Venezuela by April /
Philip Morris = Co, Ltd, elected
Alfred E. Lyon president to succeed
Q. Il. Chalkley, who became board
chaifma1.