Evening star., 1946-10-03
Business Briefs
CIearinrs in "a lea

Bank Clearings in "a leading cities
expanded to 81, ,429, ,384,0 in the
week ended October 2 VS.. $12, ,424 $685.
600 in the preceding week and were
8.8To above $11 ,424, ,927 900 in the like
1945 week-Dun g. Bradstreet. -
Freight Loadings in the week
ended September % totaled 916,-
483 cars, a gain OF 1870 from the
previous week and 1919 above a
ear ago-ASsociation of American
railroads.
Saturday Stock Dealings will be
resumed this week by major mar
zets, including the New York Stock
and Curb Exchanges.
Member Firm Borrowing, exclud-
ing borrowing from other members
of national securities exchanges, de-
clined to S407 ,924,764 on September
80 VS.. $508 ,946, ,845 on August 31-NeW
York Stock Exchange.
Schenley Distillers Corp. has ar
ranged with Al banks for a $125,-
100000 bank credit, of (which $79,-
ATS, 1000 will be for nine years at go
and $45 ,525 900 for five years at134%.
Goodall-Sanford, Inc, steckhold-
ers will vote October 20 on pro-
posed creation of 5000 new shares
of 500 par preferred stock to re-
place $4,3oooOO of 312ao sinking fund
debentures.
American Woolen Co. extended to
october % the period in which de-
posits of TO preferred stock will be
accepted under the recapitalizatlon
plan.
General Motors Corp. reported
shortages of materials such as pig
iron, fiat rolled steel, copper and
lead, reduced its passenger car out
put to 23,284 units last week VS.
27374 in the preceding week.
International Telephone e. Tele-
graph Corp. in a consolidated re-
port, excluding European, Mexican
and Shanghai subsidiaries, showed
a net loss of ST ,230,611 for six months
ended June 80 VS.. net income OF
s2,231, ,278 or 66 cents a share in the
same 1945 period.
Columbia Pictures Corp. earned
S3,450, AGO or $5.25 a share in Il
months ended June 80 VS.. 81 ,945, ,16o
or SAB on fewer shares in the pre-
vious year. .-
Shamrock Oil & Gas Corp. profit
for nine months ended August 81
was s837 1888 or 62 cents VS.. 1926, sol
OF 81 cents in the same 1945 period.
Diana Stores Corp. earned $780,
213 or S113 in II months ended July
81 VS.. S379,3 or $1.89 in the pre-
vious year prior to a 2-for-1 splitup
Delay Stores, Inc, profit for six
months ended July 81 was $193,542
OF 10 cents VS.. $112,124 or As cents
in the same 1945 period.
National City Bank became New
York's largest bank with deposits
on September 80 totaling $4,853,-
743,078 VS.. $5,033, 1852, ,518 on June 80
Earnings in nine months of 1916
reached $17,830,O50 or $2.87 a share
VS.. $17,470,12O or $2.82 year ago.
Chase National Bank deposits on
September 80 totaled $4,642, ,025, ,00O
VS.. $5O39, ,709 900 on June 80. A drop
in the war loan deposit account was
the chief factor.
Stokely-Van Camp, Inc, declared
a.59o dividend on common, payable
November TO- An initial cash divi-
dend of Is cents also was declared
payable January l.
Colonial Mills, Inc, declared an
extra dividend of 25 cents and reg
ular quarterly of Is cents, both pay
able october %.
American Visc0se Co. announced
DR.. Frank H. Reichel, board chair
man, will serve also as president,
a position from which William C.
Appleton resigned. William B. Ohm
stead and George M. Allen were
named vice presidents.