Evening star., 1948-07-29
Business Briefs
Commercial, Industrial and Farm

SOHmcTCldl, lHuUStT1di anu r dTIu
Loans of member banks in leading
cities expanded to $14,502, 900 900 on
July IA, a gain of $21 100000 from
week earlier and S2,553,000, 900
above a year earlier.-Federal Re-
serve Board. The weeks increase
was the third in a row.
Rubber Consumption in the Unit
ed States totaled 95,62S tons in
June VS.. 1865 in the previous
month.-Rubber Manufacturer As
sociation. For six months of 1948
the total was 548,77l tons, a drop of
41o from year earlier.
Bank Clearings in 25 leading
cities totaled s13,o15,578,0O0 in the
week ended July %, a drop of 8.7es
from the previous week, but $50
above the like 1947 week-Dun g.
Bradstreet.
Freight Loadings in the week
ended July "a totaled 882,566 cars,
a drop of liz from the preceding
week and 4.1et below the like 1947
week Association of American
Railroads.
Automobile Production in the
United States this week will total
III, ,804 units, including 1854 pas
senger cars and 24240 trucks VS..
1860 units last week. when 86,35O
cars and 1880 trucks were included
-Automotive News.
Federal Water & Gas Corp.
amended plan for dissolution was
approved by the Securities and Ex-
change Commission.
Ohio Edison Co. asked SEC per-
mission to issue sl2,0O0,0O0 of first
mortgage bonds and 285,713 common
shares will be offered to present
holders at $27.50 a share at the
rate of one for each seven held.
General Motors Corp. earned
S206, 1853 ,672. or $4.55 share, in six
months ended June 80 VS.. $137 $50, =
202, or $297, year earlier. Net for
three months ended the same date
was $110,282, ,260. or $243, VS.. $76,-
7660ll, or $1.66.
Pittsburgh Plate Glass Co. profit
for six months ended June 80 was
S14.200,693, or $1.59, VS.. $l4,802, 1854
or s166, in the same 1s47 period.
Consumers Power Co. earned Sl3,-
e0l, ,129, or $277, in II months ended
June 80 VS. s14,797, 7,020, or s299, in
the previous year,
Borden Co. estimated profit for
six months ended June 80 was So
100000 or $2.10 VS.. $9,975 900 or 50 SO
in the same 1947 period.
Rayonier, Inc, earned $5,012, ,25l OF
SAL in six months ended June 81
VS.. s3,845 ,O80 or 1924 year earlier
Hershey Chocolate Corp. profit fol
six months ended June 30 wa!
$4,659,785 or s1.95 VS.. $4,782,803 o.
$202.
Normanda Mines, Ltd, earned 81.
ol2,000 or s1.79 in six months ended
June 30 VS.. s2,13S,O00 or 95 cents.
Fruehauf Trailer Co. net for 81!
months ended June 80 was 1892,
OlS or $2.53 VS.. $2,75e,161 or $206.
Delaware & Hudson Co. earned
S3,244,653 or $60l in six month
ended June 80 VS., s2,7S8,942 Or SSH
Botany Mills profit for six month
ended June 80 was s1,780,431 V.
S1,557.943.
Universal Consolidated Oil CT
earned sl,604.665 or $3.50 in 81
months ended June 30 VS.. $697, ,76
or S3.75.
General Refractories Co. net. fo
six months ended June 30 was 81
312.588 or $279 VS.. $l,372,875 Q
1922.
Houdaille- Hershey Corp. earne
$500, ,254 or SO cents in six month
ended June 30 VS.. $1,746,579 or $19;
Verney Corp. net for six month
ended June 80 was $2,565,956 o
1894 VS.. 81 1885 ,003 or 81 in the sam
1947 period.
BIaw-Knox Co. earned s1,793, Is
or $l.33 in six months ended Jun
80 VS.. 1882 ,283 or $l.03 a yea
earlier.