Evening star., 1946-02-28
Business Briefs

Bank Clearings in a leading
cities declined to S9,838, ,138 900 in
the holiday week ended February 27
VS.. $13,266 ,O88 900 in the preceding
full week, but were 4.5%o above
S9,411 1925 900 in the like 1945 week,
reported Dun & BradStreet, Inc.
Dividend Payments publicly re-
ported in January totaled $3.50, AGO.
900 VS.. S299, 100000 year ago-Com-
merce Department.
Freight Loadings in the week end
ed February % totaled 723,281 cars
a gain of 2.396 from the preceding
week, but 6.4o6 below a year ago
Association of American Railroads
Gasoline Stocks on February %
totaled 104, 100000 barrels VS.. 105,-
233,000 week earlier and 96,448, 900
a year ago, the American Petroleum
Institute announced.
Electric Power e. Light Co. de-
clared dividends of $3.50 and SITS
respectively, on $6 and ST preferred
stocks. payable April l, first since
1912.
Devoe G. Reynolds Co. doubled
quarterly dividend rates on class A
and B stocks with declarations of &c
cents on the former and 10 cents on
the latter. both payable April /.
Calvin Mfg. Corp. registered with
the SEC 10000 common shares, OF
which 10000 will be sold for certain
stockholders.
Hunt Foods, Inc, registered with
the SEC 175,000 shares of series A
SO cumulative preference stock and
125,000 shares of common for re-
funding and expansion purposes.
Southwestern Public Service Co
registered with the SEC $1,000
shares of one class of cumulative
preferred and $4,000 shares OF
another class. Only $1,000 of the
two classes will be issued and offered
in exchange for Az % preferred,
Standard Gas g. Electric Co. plan
to sell s5l,OO0,00O of unsecured 21a %
promissory notes for refunding pur-
poses was approved by the SEC.
American Potash & Chemical
Corp. stock, amounting to 90.5% of
the total outstanding, will be sold by
the Alien Property Custodian. Bids
will be received until II m, March
27.
American Power G. Light Co. and
subsidiaries earned $13,765, ,060 in
1945 VS.. $13,728,443 in the previous
year.
Kansas City Power e. Light Co.
net for 1945 was S3,136,96 or $5.51 a
share VS.. S2,982 500 or s5.22 in 1914.
Mesta Machine Co. profit for
1945 was S3,153,741 or $3.l5 share
VS.. $2,957,8 1893 or $2.96.
Lone Star Gas Co. earned 1922 :
1913 or 81 cents in 1945 VS.. 81 ,953 ,051
or 80 cents in the previous year.
Lima Locomotive Works profit
for 1945 was 81 1,200,12O or 1888 VS.
$1,436. .922 or $681 in 1914.
Calumet & Hecla Consolidated
Copper Co. earned 1894, ,433 or 43
cents in 1945 VS.. 81 ,069 Sal or 50 cents
in the previous year.
Ruberoid Co. net for 1945 was
$823,118 or $207 VS.. $826,694 OF
s208 in 1914.
B. F. Goodrich Co. purchased the
airplane wheel and brake division
of Hayes Industries, Inc, jackson
Mich.
National Tube Co. will reopen its
Christy Park Works at McKeesport
Pa, on a limited basis.
Sharon Steel Corp. leased a by
product Soke plant at Morgantown
w Va, from the Government for
S years.
Ronson Art Metal Works will ex-
pand plants at Newark, East
Stroudsburg, Pa, and Toronto in
addition to taking over several new
plants in England.
Bethlehem Steel Corp. called for
redemption on April l So, SOC, ,00O
of serial debentures. due 1916 to 1852
at 100 and accrued interest.
Blaw-Knox Co. elected Frank E
WaIling and Charles w. Pearson
vice presidents and directors.