Evening star., 1947-07-24
Business Briefs
Bank Clearings in "a leading

Bank CIearings in "a leading cities
in the week ended July % totaled
s12,s36, 100000 a drop of .049a from
the preceding week and only 1.6eo
above q year earlier.-Dun 81 Brad
street.
Freight Loadings in the week
ended July 10 totaled 9l9.734 cars,
a gain of 14%o from the preceding
week. but 02%o below year ago
Association of American Railroads.
Commercial, Industrial and Farm
Loans of member banks in 101 lead
ing cities rose to s11,848, ,000. 900 on
July Is. an increase of $57 1000, ,00O
from a week earlier and $3,154 ,000,-
O00- above q year earlier.-Federal
Reserve Board
New Securities Marketed Today
included: $26 600, 900 of Pacific Pow
er A Light Co. first mortgage 3l4@o
bonds, due 1877. at 1O291 and in
terest; 400, 900 shares of Dow Chem
ical Co. 1925 second preferred stock
at sl02 so a share; 100000 COM
mon shares of Tucker Corp. at S.
Butler Brothers declared a dlvl-
dend of Is cents a common share
payable September 1. Previous pay
ments were 25 cents. The firm had
a loss of $158.900 for the first hall
OF >1s47 VS.. profit of s2,O65, ,526 in
the same 1916 period.
Shell Union Oil Corp. profit for
the rrst half of 1947 was 23,325,
$50 or $1.73 a share VS.. SIS ,090 ,38s
or SLIP in the same 1916 period
Net for the June quarter was $12,-
44s,ss8 or 90 cents VS.. 1882 1856 OF
IS cents.
National Distillers Products Corp
earned $l9 ,259. .199 or $2.41 in the
first half VS.. s17,393,328 or $2.18 a
year earlier.
Continental Can Co. profit for Il
months ended June 80 was $8,677,-
$40 or $275 VS.. $3,014,263 or $l.05 in
the preceding fiscal period.
Phillips Petroleum Co. and SUBJ
sidiaries earned SIS, ,459, ,699 or S3l4
a share in the first half of 1o47 vs.
5000, ,17s or 81 SO year earlier.
Nash -Kelvinator Corp. profit fol-
nine months ended June 80 was
S17,617,350 or $3.50 VS.. deficit OF
$5l7,106 in the same 1916 period.
Standard Brands. Inc, earned
s3,834,537 or $l09 in the first halt
VS.. $6,440, ,2O9 or $1.89 year earlier
American g. Foreign Power Co
and subsidiaries reported net income
of S10,681 ,543 in IL months ended
March 81 VS.. sl0,27l,8l in the pre-
ceding fiscal period.
Avco Mfg. Corp. earned $3,175, 1886
or a cents in six months ended MAY
81. Comparisons with year earlier
were not available.
BIaw-Knox Co. profit for the frs
half of 1947 was 81, ,382, ,283 or 81 o;
VS.. 81 O54, ,064 or 78 cents in the same
l946 period.
Pennsylvania Central Airiines re-
ported a loss of 100000 for June
compared with a profit of $4,000 ir
the preceding month. A decline
in passengers was ascribed to
series of plane accidents.
United States Pipe e. Foundry Co
earned s1,955.29l or S2.8l in the
first half VS.. 1881 oil or 81 cents g
year earlier.
Hawaiian Pineapple Co. profit fol
IL months ended May 81 was 81 1913.
900 or $1.25 VS.. 2,366, 1886 or SLIT in
the preceding fisca! period.
Diamond T Motor Car Co. earned
$s4l, ,449 or 50 in the first half OF
ls47 VS.. deficit of $38,255 year
earlier.
General Portland Cement Co
profit for the first half was 81 ,058 SOC
tor 81 .O6 VS.. $3.50 800 or IS cents in ths
same 1916 period. :
Freeport Sulphur Co. earned ST.
LOT .s8 or s17e in the first half VS.
S2.oo1. .s43 or $3.50 a year earlier.