Evening star., 1945-09-20
Business Briefs
Bank Clearings in "a leading

Bank ClearlngS IN "A ledQlng Clues
totaled s11 ,483 ,529, 900 in the week
ended September 10. highest mark
in more than 2 months, and COM
pared with $9,733, 100000 in the
previous week and $10,859 236, 900 in
the like 1914 week. Dun g. Brad
street, Inc. reported
Freight Loadings in the week end
ed September Is totaled $50, los cars,
gain of 1929 from the previous
week, but Az below a year ago. the
Association of American Railroads
disclosed
Gasoline Stocks of civilian grade
totaled 50,105 900 barrels on Septem-
Der Is VS.. 49,112000 a week earlier
and 40,213,000 a year ago, the
American Petroleum Institute an
nounced. Both gasoline and crude
oil production increased slightly in
the latest week.
Short Interest in listed stocks on
the New York Stock Exchange to-
tailed 1927 ,109 shares on September
IA VS.. 1905, ,780 on August IA. Largest
gains we're in aircrafts, while de-
clines were recorded in some rails
and motors.
Wickwire Spencer Steel Co. stock
holders approved merger with Colo
RADIO Fuel & Iron Co. Colorado Fuel
holders will vote September 25.
KaiserFrazer Corp. will offer
publicly between s18,00O,O0O and
S22,000,000 of securities to finance
manufacture of two types of auto
mobiles at the Willow Run plant
under 5-year lease, which is ex-
pected to be announced shortly. The
new securities may be registered
with the SEC tomorrow. The lease
will not include landing fields
hangers, nor all of the warehouses
at Willow Run
Pan American Airways ordered
% 4-engine clippers from Lockheed
Aircraft at cost of Sl7,000000 for
delivery in November. Each will
carry so passengers. Giant trans
ports with capacity of 100 to more
than 200 passengers have been Or
dered for delivery in 1946.
Mid-Continent AirlineS announced
that holders of more than 500
of its common stock had approved
merger with American Airlines.
Eastern Air lines awarded con-
tracts for 20 Lockheed Constella-
tion planes TO innaugurate faster
service
Motor Wheel Corp. profit for II
months ended June 80 was 50 ,204, 767
OF $2.6l share VS.. $1,97l ,911 or 81 SO
III the preceding fiscal year.
Chesapeake & Ohio Railway
earned S17,46O,76s or s2.2S a share
In months ended August 81 VS.
$18,557,l58 or $242 a year ago.
New York, Chicago g. St. Louis
Railroad net for months ended
August 81 was $8,834,927 or $24.50 a
preferred share VS.. s4,756,534 OF
Sl3.l9 in the same 1914 period
Pere Marquette Railway earned
$3,652.07l or $32.61 on first preferred
stock in 8 months ended August 81
or $2,054,l82 or 1884 a wear ago
Detroit Edison Co. net for /:
months ended August 81 was s6,l43,.
GIT or 81 cents VS.. s8.347,578 O,
Sl31 in the preceding fiscal period
Electrical Power & Light Corn
earned s2,370,l98 or $3.08 on com.
bined preferred stock in 8 month.
ended July 81 VS.. s1,210,80o or SIS
year ago.
International Telephone g. Tele.
graph Co. net for the first half O.
1945 was $4,231 ,278 VS.. $4, ,735, ,122 ir
the same 1914 period.
Pennsylvania Central Airline.
earned 1886, ,343 or 81 cents in eight
months ended August 81 VS.. $272 ,38:
or 81 cents year ago.
General Electric Co. announced l:
models of radio sets will be on ths
market in time for Christmas buy.
ing. Production will start October
/ and sets will appear on dealers
shelves in November.