Evening star., 1949-12-15
Business Briefs

Bank Clearings in Is leading
cities rose to $13, GOT sos 900 In the
week ended December IA vs.. $13.-
902. .311. 900 in the previous week
and $l4,85S,149, 900 in the like
l94S week-Dun & Bradstreet.
Business Loans Of member banks
in leading cities expanded to $13,-
807 900 900 on December 7. a gain
Of $32, 900 900 from a week earlier.
but remained 81. .668, 100000 below
a year earlier-Federal Reserve
Board.
New Passenger Car Registra-
tions in the United States may set
q record of 100000 for this, year
R. L. Polk & Co. For ten
months Of 1949, they totaled f.
|0l4,061 and the November total is
estimated at 100000. The previous
record was 1857, 400 in 1929.
Automobile Production in the
United States this week will in
clude SIS. .222 cars and 1856 trucks
VS.. 40,073 and 10,033 last week
Automotive News. The total for
1919 through this week will come
to 6.02S ,909 units. .
Freight Loadings In the week
ended December 10 totaled $685.
|825 cars, a drop of $3.50 from the
previous week and 1867 below
the like 194s week-Association Of
American Railroads.
Crude Oil Production in the
United States averaged 4,979, 800
barrels daily last week VS.. 5.1o5.9 $50
in the previous week and 5,671. $50
in the like 1948 week-American
Petroleum Institute.
New York City Housing Au-
thority awarded $41. 100000 Of
bonds to q group headed by Chase
National Bank and National City
Bank of New York on bid pro-
ducing 4 net interest cost Of
|2.6223%. Subscription books were
closed in less than four hours at
reoffering prices yielding .s% to
|2.7%.
New York Central Railroad re-
|ceived ICC permission to issue
50 SOC, 900 Of equipment trust GER
tificates. Great Northern Rail-
way received permission to issue
SIC. $50. 900 of certificates.
General Foods Corr. stock
holders approved the merger Of
Igleheart Bros. Inc. principal
flour milling subsidiary, with the
parent company.
Bendix Home Appliances, Inc,
declared a dividend of Is cents a
common share. payable January
|10. Last previous payment was
37h cents on January IL, 1s49.
American Zinc, Lead & Smelt-
ling Co. directors deferred action
lon a common dividend until q
later meeting "in view Of current
working capital requirements"
Mahoning Coal Railroad de-
clared an extra dividend Of $12.50
IA share and a regular quarterly
|of $3.50, both payable December
80. No extra was paid In pre-
vious years. .-
Noxema Chemical Co. declared
an extra dividend Of Is cents q
common share. and a regular
semi i-annual Of 80 cents, both
payable December %. No extra
was declared a year ago.
Atlantic Gulf & West Indies
Steamship Lines directors took no
action on q common dividend. The
company made one payment Of 81
in 1948.
A. o. Smith Corp. earned ST.
916,376 or $1.02 q share In three
months ended October 81 VS.. ST.
687, 100 or $1.69 a year, earlier.
international Telephone d Tele-
graph Corp. and subsidiaries had
net income Of $2,973,240 In nine
months ended September %, ex-
elusive Of foreign exchange losses.
VS.. $6,05l,622 on the same basis
in the s1948 period.
National Battery Co. earned ST.
398, 900 Or SALT in six months,
ended October 81 VS.. $1.525. 900 or
$4.55 q year, earlier.
Rie9el Paper Corp. net income
for 40 weeks ended October 8 was
|$643,121 Or 1884 VS.. $618,306 or
|$2.53 In the like 1948 period.
Crowley, Miner & Co. earned
$50 ,9o9 IN nine months ended Oc-
tober 81 vs.. $336,343 a year earlier.