Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-04-04
Business Briefs
Bank Clearings in "a cities

\ Bank Clearings in "a cities scared
Ito $4,000, 140, 900 in the week ended
}April 8 VS.. 1900, 100000 in the
previous week and were 2789o above
S10,174,970 in the like 1945 week
Dun g. Bradstreet. The year-to-
year gain was the largest so far in
1916.
Freight Loadings in the week end
ed March 80 totaled 809,142 cars, a
gain of 06% from the previous
week, but 32Gt below year ago
Association of American Railroads
January Imports totaled 1899 ,00O,-
900, jump of 1870 from December
Census Bureau. Furs, coffee, to-
acco and wool accounted for most
f the rise. Exports of $4,000, 900
were go above December.
Gasoline Stocks on March 80 to-
tailed 104,715,000 barrels VS.. 104,-
$4,000 a week earlier and 97,602 ,00C
a year ago-American Petroleum
Institute.
Electric Power Consumption in
the week ended March 80 totaled g.
992 ,283 900 kilowatt hours VS.. 4,017,-
10000 in the previous week and
was 1870 below 1929, 478,000 year
ago-Edison Electric Institute.
New Securities Marketed Today
included $1,000 shares of South
western Public Service Co. cumula-
tive preferred stock, $4,000 common
shares of Mexican Gulf Sulphur Co.
at 3; 10000 shares of Globe Aircraft
Corp. 512G cumulative convertible
preferred stock at 10.
Palmetex Corp. offering of $50, 900
common shares will be marketed
soon by group headed by Floyd
D. Cert Co. Proceeds will be used
to buy a plant and more equip
ment.
Eastern Airlines stockholders will
vote April % on a proposed 4-for-l
crease in authorized shares from
1000,0 900 to 100000. Profit for 1945
was $2,126.294 or 1886 VS.. 81, 499 1897
or 1854 in 1914.
Minneapolis & st. Louis Railway
stockholders approved 4for-1 split
in common stock with an increase
in shares from 10000 to 600, 1000.
Aldens, Inc, stockholders will vote
on proposed issuance of $4,000 shares
of cumulative preferred stock, OF
which 10000 will be included in an
initial Az % series to be offered pub
licly.
Spiegel. Inc, has purchased the
j. & R. Motor Supply Co.. chain
Of 81 retail stores in the Midwest.
American Tobacco Co. sales in
January and February were substan-
TALLY above year ago, stockholders
were told.
Montgomery Ward g. Co. earned
500 1892 OPS or $4.12 a share in IL
months ended January 81 VS.. $21,-
2S5,839 or 1891 in the previous year
Sinclair Oil Corp. profit for 1916
was $15,644,749 or $1.30 VS.. sgt 1867, :
1874 or 1929 in 1914.
Time, Inc, earned $3,040,767 OF
1913 in 1945 VS.. $3,8o3, 21O or 1898 in
the previous year.
Fruehauf Trailer Co. profit for
1945 was $1,873,295 W. $2,0o5, 203 in
1914.
Reliable Stores Corp. net for 1915
was $799.461 or $225 VS.. $745, 1927 or
$207.
Weston Electrical Instrument Co
earned S484699 or $500 in 1945 VS.
$510.890 or $3.18 in the previous wear
Atlas Corp. stockholders author
lied cut in capital by retirement OF
60,532 common shares held in the
treasury.
Marion Steam Shovel Co. stock
holders approved change in name
to Marion Power Shovel Co. and
an increase in common stock from
100000 to 100000 shares.
Jones & Laughlin Steel Corp. ex-
poets to open its McKeesport Works
a former war plant, as a fabricating
dvia ion within so days.