Evening star., 1948-02-05
Business Briefs

Bank Clearings in "a leading
cities expanded to $l4,265, 10000 in
the week ended February 4, a gain
of 2.4To from the preceding week
and 1876 above the like 1947 week
Dun g. Bradstreet.
Freight Loadings in the week
ended January 81 totaled 727,038
cars, a drop OF 5S%s from the pre-
vious week and 12.99o below the like
1947 week-Association of American
Railroads.
Commercial, Industrial and Farm
Loans of member banks in 101 lead
ing cities declined to $14, ,727, 900 900
on January %, a drop of $34 900 900
from week earlier, but s3,128, ,000,-
900 above a year earlier-Federal
Reserve Board.
Crude Oil Production in the week
ended January 81 averaged 5,31S,237
barrels daily VS. 1886, ,287 in the pre-
vious week and 4,650,150 in the like
1947 week-American Petroleum In
stitute.
Emerson Radio & Photograph
Corp. stockholders have approved an
increase in authorized capital stock
to 1000, 900 shares from 100000. Par
will remain at $5 a share. Directors
are expected to declare 1000 STOCK
dividend tomorrow.
Ohio Power & Light Co. received
SEC permission to sell $1,000, 900 Of
bonds at competitive bidding and
10000 additional common shares to
the company's parent, Continental
Gas & Electric Corp, for 81 SOC, 900.
Kaiser-Fraser Corp. offering OF l.
100000 common shares hit snag
Yesterday. Underwriters closed sub
scription books after 100000 shares
had been sold at $13 share.
Standard Gas & Electric Co. an
nounced that warning factions had
settled all major disputes. including
selection of a slate of directors to be
submitted to stockholders March IL.
Ncma Electric Corp. declared an
extra dividend of 20 cents and a
regular quarterly of 80 cents, both
payable March 81.
Fajardo Sugar Co. declared divi-
dend Of $3.50 a common share, pay
able March /. The company paid
IS cents last March, so cents in July,
so cents and 81 extra In Septem-
Der and so cents in December.
McCrory Stores Corp. sales in
January totaled $5,876,444, a gain OF
4.8% from the same 1947 month.
Flintkote Co. earned $7,S02,37s or
xs27 a share in 1947 VS.. S3,710, ,723
or $2.81 in the previous year.
Sharon Steel Corp. net income for
ls47 was $6,722, 900 or slo.89 VS.. 81
s57,856 or $4.39 in 1946.
Columbia Broadcasting System
earned $500, 100 or $3.45 in SO weeks
ended January 8 VS.. $5,7s5 900 or
1887 in the preceding So weeks.
Bristol l-Myers Co. profit for l947
was $3,942,81 or $2.66 VS.. $7,045 ,62l
or $3.50 in 1916
Wick Chemical Co. earned So $685.
0s1 or $217 in six months ended De-
cember 81 VS.. $3,672,537 or $25S a
year earlier.
Blaw-Knox Co. net income for
1s47 was $1,000 1853 or 1923 VS.. So
352,o71 or $2.4s in 1916, when special
credits Of 50 1923 ,841 were included.
York Corp. earned $927,721 or
90 cents in three months ended De-
cember 81 VS.. SAIL 1888 or "A cents
O year earlier.
Gerber Products Co. net for nine
months ended December 81 was ST.
359. .598 or $500 share. 1t amounted
to 6.S59o of sales, which were 23qo
above a year earlier.
McGraw-Hill Publishing Co: earn
cd s2,476, ,451 or $4.36 in 1947 VS.. ST.
147,122 or $3.77 in the previous year.
Ohio Brass Co. net for l947 was
&2,043,115 or $58S VS.. sl,136,9s0 or
1927 in 1916.
Reliable Stores Corp. earned ST.
s43,44S or 1925 in l947 VS.. $4,000, 1888
o. $5.36 in the previous year.