Evening star., 1946-07-11
Business Briefs

Bank Clearings in "a leading cities
totaled $40. .730, ,323, 900 in the holiday
week ended July 10 VS.. s14. .203 ,929 900
in the previous week and 81 / ,656, A.
900 ir the full week year ago
Dun 81 Bradstreet.
Steel Output in the first half OF
1916 totaled 27,364,714 net tons, a
drop of 10000, 900 from year ago
American Iron g. Steel Institute.
Tire Production in the first half
Of 1916 approximated $4,000 900, with
June output at an all-time high of
$500 600 castings. The industry has
set a goal of 6e.l50000 for 1916.
Freight Loadinss for the week
ended July 6 totaled $751; cars. a
drop of 22.7eo from the previous
week and $50 below year ago
Association of American Railroads.
Colgat -Palmolive Peet Co. de-
clared a dividend of so cents COM
mon share and an extra of so cents,
both payable August Is. Previous
quarterly payments were 25 cents
plus year-end extra of 81 in De-
cember
Kimberly Clark Corp. stockholders
will vote August 9 on proposed
2-for-1 split in common stock.
National City Lines. Inc, stock
holders approved merger with
American City Lines. Inc, and the
Andover Finance Co. an American
City subsidiary.
United Gas Improvement Co. was
authorized by the SEC TO sell its
stock holdings in Kansas City 'MoJ
Gas Co. and the Wyandotte County
(Kans.) Gas Co. to the respective
companies for s5.150,000.
Beatrice Foods Corp. awarded 1851
unexchanged shares of 3ss % con-
vertible preferred stock to group
headed by Glore. Forgan & Co. The
remaining 55,91l were taken by
holders of old s425 preferred.
New England Gas & Electric Asso-
citation registered with, the SEC
500 100000 of 2O-year collateral trust
bonds and up to 1885, $50 shares to
be sold at competitive bidding
Pacific Power & Light Co. regis
tered with the SEC 100000 shares
of 500 par preferred stock to be
issued in connection with the merger
OF Northwestern Electric Co into
Pacific.
Sears, Roebuck d. Co. sales in
June totaled S126.548. .109, a gain Of
57'5 from year ago: in FIVE months
ended June 30, s606, 1872 ,661, an in
crease Of 53T.
Y. c. Penney Co. sales for June
totaled S53,673 ,506. rise of 1861
from a year ago: for six months,
s284,30l,515, gain of 1885,.
Western Union Telegraph Co. re-
ported net loss of s6124.332 for
FIVE months ended May 81 vs. profit
OF S639 SOB in the same l945 period.
Rayonier, Inc- earned 81 SOB 1873
or rs cents a share in IL months
ended April 80 VS.. 81 1885, ,l26 or 81
cents in the previous year.
Wess0n Oil 4 Snowdrift Co, profit
for nine months ended June / was
So 223, ,125 or $23l VS.. $1,853674 or
sl67 in the same l945 period.
Brown-FOrman DistiiIers Corp,
F"lhcu $E,Iff,ttl VI 5t.UL III IS
months ended April 30 VS.. 81 1850 ,032
or s434 in the previous year.
Chesapeake & Potomac Telephone
Co. Of Baltimore City reported net
income of sl,l09.ll9 for five months
ended May 81 VS.. 81 ,209, 1913 in the
same l945 period.
Baltimore e. Ohio Railroad ex-
poets to operate slightly in the black
for the remainder of 1916, said Presi-
dent White. Carloadings are in
creasing.
international Milling Co. of Min
neapolis, third largest -four producer
in the Nation, has purchased CAPITAL
Flour Mills, Inc, of st. Paul.
w. L. Maxson Corp. acquired ali
outstanding stock of Victor Electric
Products. Inc. of Cincinnati.
Republic Aviation Corp. increased
the price OF its Seabee Amphib1an
personal plane from 1896 to $4,4s5.