Evening star., 1946-09-05
Business Briefs
Bank CIearinxs In "a leading ri

Bank CIearings in "a leading cities
declined to $10.053, 1873, 900 in the
holiday week ended September 4, a
drop Of 9.2To from the preceding
full week, but 22.9eo above the like
l945 week.-Dun g. Bradstreet.
Electric Power Consumption in the
week ended August 81 declined to
4,404, 1872 900 kilowatt hours VS.. 4,444,-
04o,000 in the previous week, but re-
manned $50 above 4,137,313,000 a
year ago.-Edison Electric Institute
Railway Net Income of class
carriers in July amounted to $685..
00o,0 VS.. $62, $780, ,16l a year ago.
Association of American Railroads
IN seven months, net was $l1 900 ,00(
vs.. 1892 1881 ,957 a year ago.
Demand Deposits of member bank.
in 10l cities totaled $39, 1903 900 900 or
August %, a gain of $133 ,000, 900 from
& week earlier and sl,163. .000, ,00(
2bove year ago.-Federal Reserve
3oard.
Meat Production in Federally in.
pected plants rose to 269 900 ,00t
pounds in the week ended August 81
gain of 1870 from the previou!
eek. but 40 per cent below a yeal
go.-Agriculture Department.
Higher Crude Oil Prices for Penn.
@ylvania grade oil were posted b.
Joseph Seep Purchasing Agency o
South Penn Oil Co. Increases ranget
from 20 to 26 cents barrel and wer'
retroactive to September !.
Mead johnson & Co. declared an
extra dividend of Is cents and a
regular quarterly of Is cents. both
payable October 1. Extras of cents
were paid in preceding quarters.
Cuban American Sugar Co. de-
clared q dividend of IS cents q com.
mon share, payable September 30
lifting the fiscal years payments to
5l50 VS.. 81 in the preceding period
General Motors Corp. output oi
passenger cars totaled 25,460 last
week VS.. 23,677 in the previous week
This lifted the total for the year to
date to 342,o75 VS.. 1,386,l55 in the
same period of prewar 194l.
Westinghouse Electric Corp. offer
ing Of $4,000 900 Of 2Skes deben-
lures, due 1871, was marketed at
1907 by q group headed by Kuhn
Loeb G Co.
Creole Petroleum Corp. earned
s48, 800 900 or $1.82 share in the
first half OF 1916 VS.. $37 800 900 OF
Sl.41 q year agO.
City Stores Co. and subsidiaries
reported net profit of $2,460,05 In
six months ended July 81 vs.. 1891 ,3is
in the same 1945 period.
Dresser Industries, Inc, loss fol
nine months ended July 81 was ST..
049 ,973 vs.. profit Of $2,l67,735 q yeal
ago.
Franklin Simon e. Co. earnet
s49i, ,765 or $l.99 In six months endet
July 81 VS.. $244,l34 or So cents.
Burroughs Adding Machine ca
profit for the first half Of 1916 wa
1851 ,3I5 or IL cents VS.. $24,246 u
the same 1945 period.
Clorox Chemical Co. earnes
$63s, ,704 or $l.e4 in IL months end
ed June 80 VS.. $363.4l7 or $1.10 II
the previous year.
United States Plywood Corp
stockholders were told that earn
ings for three months ended Jul.
81 were $1.46 a share and should ex
ceed So q share for six months end
ed October 81.
Mcclellan Stores Co. sales TO
August totaled $4,l49,493, up 1850
from a year ago; for seven month
ended August 81, s25, 5,5l3,993. a gail
Of 14.2%.
Buda Co. will turn out six-cylin
der Diesel engine generating as higl
! as 225 horsepower and an eight-cyl
Stn6er with q maximum OF 800 horse
lower. The new models will mar
firms return to the truck en-