Evening star., 1946-06-27
Business Briefs

Bank ClearingS in "a leading cities
declined to S12435 .458, 900 in the
week ended June 26, drop of l12oa
from the previous week and 2.4"o
below year ago-Dun & BradStreet
Freight Loadings for the week
ended June % totaled 858,437 cars
a drop of liz from the previous
week and 2.1oc below year ago
Association of American Railroads
Gasoline Stocks totaled 92,894 OOC
barrels on June % VS.. SO ,449, 900 a
week earlier and 87099, 900 a yea,
aeo-American Petroleum Institute
Electric Auto Lite Co. registered
with the SEC 298971 common shares
to be offered present holders on the
basis of new share for each four
held.
American Home Products Corp
stockholders will vote in September
on a plan to split capital stock 3
for !, offer subscription rights to
additional stock and increase the
dividend rate beginning November
A proposed dividend rate of S12C
a year would be equivalent to SO go
on present stock. upon which S24O
is paid.
National Distillers Products Corp
declared an extra dividend of IS
cents and regular quarterly of Is
cents common share, both payable
August l. If holders approve a g.
for-l stock splitup July 2, dividends
will equal 25 cents extra and Is
cents regular on new shares.
WalwOrth Co. deferred action on
a common stock dividend due at
this time. The firm paid 80 cents a
year ago,
Mergenthaler Linotype Co. defer
red consideration of common
stock dividend until the next board
meeting scheduled late in July. Op-
erations have been suspended by a
strike.
S. H. KreSS Co. declared an extra
dividend of ST common share, pay
able July 8, and an, interim payment
Of so cents, payable September 8.
The extra is the first since 1886.
Previous interim payments have
been 40 cents quarter.
United States Industrial Chemi-
Gals. Inc. declared an extra dividend
of 25 cents and a regular quarterly
Of Is cents, both payable August l.
American e. Foreign Power Co.
earned sl0271,81 in II months
ended March 81 VS. S9,776,393 in the
previous year.
Pennsylvania Power e. Light Co.
profit for II months ended May 81
was S6,400.729 VS.. IS .398,524 in the
preceding fiscal period.
Collins & Aikman Corp. earned
S1,070,710 or S185 a share in three
months ended June VS.. SSO7,e46 or
Sl.35 a year ago.
International Telephone & Tele-
graph Co. reported a deficit of
s1,52o,588 for the March quarter VS.
profit of $2,010.4o5 or 81 cents a
share in the same 1945 period.
Beatrice Foods Co. profit for three
months ended May 81 was s6S3, ,627
or S121 VS.. s422.421 or II cents in
the same period last year
Midwest Oil Co. earned S237 1876 or
"a cents in the March quarter VS.
s180,548 or 18 cents a year ago.
Solar Aircraft Co. net income fol-
II months ended April 30 was S470.-
332 Or 86 cents VS.. s640,590 or S165
in the preceding fiscal period.
American Power e. Light Co. was
reported ready to file with the SEC
next week plans for merging two
subsidiaries, Northwestern Electric
Co. and Pacific Power g. Light Co
Baltimore e. Ohio Railroad award
ed $4,060,000 of equipment trust GER
tificates to Philadelphia National
Bank orr bid of 99011 with a IL %
coupon.
Follansbee Steel Corp. merger OF
. subsidiary, Sheet Metal Speciality
60, was authorized by stockholders,
4