Evening star., 1947-08-07
Business Briefs

Bank Clearings in "a leading
cities totaled sl2041 .s24, 900 in the
week ended August s. gain of 80
from the previous week and 2.1%
above the like l946 week.-Dun Il
Bradstreet.
Commercial. Industrial and Farm
Loa ms of member banks in 101 lead
ing cities totalee s11 1857 900, 900 on
July 30. an increase of S84 ,000, 900
from a week earlier and $3,051 ,000,-
600 above year earlier-Federal
Reserve bank.
Auto Production in the United
States will total 1851 units this
week VS. 95.71l last week.-Automo-
tive News For the year to date,
output has reached 2.843 1884.
Freight Loadings for the week
ended August toatled 92l .591 cars,
gain of .4To from the previous
week and 2.6%c above year earlier.
-Associs tion OF American Rail-
roads
Hartman Tobacco Co. declared an
initial dividend Of so cents COM
mon share. with 25 cents payable
September and Is cents Janu-
srv Is. 1948.
Aluminium Industries, Inc. de-
clared dividend of Is cents a
common share, payable September
IS. Previous payments were IS cents.
Cluett Pea body & Co. stockholders
will vote September l9 on plan to
authorize 10000 shares Of 500 par
second preferred stock. One share
Of second preferred would be offered
for each six common shares.
Duke Power Co. was authorized by
the North Carolina Utilities Com
mission to issue 10000. 900 OF FIRST
and refunding mortgage bonds and
252,S12 common shares.
Sears, Roebuck & Co. sales for July
totaled Sat 626, 1856. a jump Of 21.2To
from a wear earlier: for six months
ended July 81, $909 .6sl 1926, gain
Of 24.99o, Both figures were new
records.
F.w. Wooiworth Co. sales in July
totsled $40 .408 .279, a gain OF 81
from year earlier: in seven
months. s2e3. .50o,617, an increase OF
49,.
8. s. Kresge Co. sales in July
totaled sla,147.140. gain OF so
from q year earlier; in seven months
s134.430433. an increase Of 10.
S.H. Kress Co. sales for July were
sto,720 1913. a drop of 1870 from a
wear earlier. for seven months, $751;
157.160. gain of 5.9oo.
G. C. Murphy Co. sales in July
totsled ss,530,533. gain Of 2S9s
from a year ago: in seven months
s5s,S4O. 1894. an increase of $780,.
Sinclair Oil Corp. reported profit
Of s2o,476,207 or sl.S6 share in the
first half of l947. excluding Vene-
zuelan Petroleum Co.. VS.. sl2 ,051 20;
or 81 in the same 1916 period.
American Viscose Corp. earned
sS.7o5. .S01 or 1926 in the first hall
vs.. S6.101 .3s3 or $500 year earlier
American Woolen Co. net income
for the first half was S7,890. 1893 OF
$3.50 VS.. s10,884, $40 or sll.19.
Columbia Broadcssting System
earned $Z,SlS.oul or SI.fu III 20 ~eehs
ended June % VS.. S3.200716 or 1856
Lone Star Gas Corp. profit for the
flrst half was s7.430,s12 or s1.35 VS.
s49S2.T46 or 81 cents.
United Light d. Railway Go
earned $1l,7l5.416 or 1891 in l.
months ended June 30 VS.. $40 07O6 so;
or s2.99 in the previous year.
Crane Co. net income for l.
months ended June 80 was sl0,7SS,'
1876 or 1892 VS.. s7.0l7.586 or $2.7:
in the preceding fiscal period.
Simmons Co. earned $4.385.723 ol
ss.7a in the first half of lS47 VS.
s2.1s7. .726 nr 100 year earlier.
Moore Mccormack Lines. Inc.
net income for the first half was
s3.ss7.49s or s5.35 US. sl.22e,3S3 OF
sl.65 in the same 1916 period. 4.