Evening star., 1946-03-21
Business Briefs

BANK ClearlngS IN "a leading
cities jumped to $13,066, 100000 in
the week ended March 20 VS.. SILL
35,072,000 in the previous week and
Sll ,26l $4,000 year ago-Dun &,
5radstreet. The sharp rise reflected
IaSt-mlnute income tax payments.
Cotton Spinning Operations dur
ing February stood at 1917 of
capacity VS.. 1015%o in the previous
month and 122.1fo a>year ago-Cen-
,us Bureau.
Freight Loadings in the week end
ed March Is totaled 799,882 cars, a
,ain of l.7fo from the previous week
0ut 80 below a year ago-Associa- =
lion of American Railroads.
Gasoline Stocks on March 16 to-
aled 104,781 900 barrels VS.. 104 ,90l, =
100 a week earlier and 98,405 900 a
ear ago-American Petroleum In
Stitute.
New Securities Marketed Today
included: S40,000,000 of Northern
Pacific Railway "a % series P bonds
1T lola and $35 100000 of a 25s %
:eries @ bonds at 9625; 100000
shares of Central New York Power
Corp. $40 preferred stock at 101la
Higgins, Inc, named Kobbe, Ger
TART & Co., Newburger & Hano and
Veil & Co. as underwriters for pub
.ic sale of 900, 900 capital shares at II
Nickel Plate Railway directors au-
lhorized offering of SAL 100000 new
40year bonds at competitive bid
ding to finance redemption of SAL
1856 900 of 3a % bonds, due 1875.
Pressed Steel Car Co. registered
Withfhe SEC 100000 common shares
10 finance purchases of Mount Ver-
non Car Co.
Utah Power & Light Co. registered
wiCff the SEC $32,000,000 of first
mortgage bonds, due 1876, for re-
funding purposes.
American Airli1.s stockholders
will vote April II on a plan to raise
$50 GOO 900 through sale of deben-
lures and convertible stock and to
splits stock for l. Pro-
ceedBs would be used for expansion
and retirement of bank loans. The
company has ordered Boeing
Stratecruisers to cost more than
$1,000, 600.
B0eing Airplane Co. declared a
dividend of 81 on capital stock, pay
able April 10. Last October the firm
deferred action on the dividend.
SocOny- Vacuum Oil Co. earned
S42 ,30f 1888 or $1.36 share in 1945
VS.. s62 2,349, $50 or 50 in 1914.
Allied Chemical & Dye Corp.
profit for 1945 was $18,913,6O5 or
1854 VS.. $18,025,075 or 1914.
Detroit Edison Co. earned $7.973.-
$50 or $125 in IL months ended Feb
ruary % VS.. Sc, 6,544,5 or 81 03 in the
previous year.
National Cylinder Gas Co. net for
1945 was $l,822, TAB or $1.28 VS.. ST.
848, ,527 or $1.35 in 1914.
Caterpillar Tractor Co. earned
S548,3l2 or % cents in 2 months
ended February % VS.. $1,405 ,305 or
70 cents a year ago.
United States Smelling & Refin-
ing Co. net for 1945 was S1.701 .3o8
or u cents VS.. $2,025 Sol or 73 cents:
for 2 months ended February 29
$79,412 VS.. $685. 1903 a year ago.
Minnesota e. Ontario Paper Co.
earned $1,549,042 or $1.15 in 1e45
VS.. S1,125, ,287 or 83 cents.
Decca Records, Inc, profit for 1945
was $839,692 or $216 VS.. $1,000. .905
or $258 in 1914.
Schiff Co. earned $618,160 or SAIL
in 1945 VS.. $587,136 or 1913 in the
previous year.
Vulcan DEFINING Co. net for 1945
was s47S,359 or s12 VS.. S454,637 or
S11.26 in 1914.
Westvaco Chlorine Products Corn.
earned $685. ,421 or $1.80 in l945 VS.
$1,072, TAT or $204.
American Machine e. Foundry Co.
net for 1945 was S995 All or ST .02 VS..
$997,786 or $102.
Baltimore g. Ohio Railroad an
nourced joint transcontinental
sleeping car service with the Santa
~ would start March 81.