Evening star., 1943-10-20

than 3.
Business Briefs
Electric Power Output set another
record in the week ended October l6,
totaling 1882 1858 900 kiloWatt hours,
compared with 4,341 ,754 900 in the
preceding week and 3,717,360,0O0 a
year ago, the Edison Electric Insti-
tute reported. Regional gains over
a year ago: Pacific Coast, 266%;
South, 222%s; Mid-Atlantic, 1879;
Rocky Mountain, 1897; Central
Industrial. l449o: New England,
8.9oe; West Central, 1870.
Industrial Production has doubled
since the beginning of the defense
program in June, 1910, and has risen
1907 since the outbreak of war in
Europe in 1899, declared the Fed
eral Reserve Board in announcing
broad revision of its index of factory
and mine activity. On the new
basis, the seasonally adjusted index
for July was raised from 2O3 on the
old basis to 239, and the August and
September figures placed at 24l and
243, respectively.
Aluminium Co. of America direc-
tors have called a meeting of stock
holders November II to vote on a
plan for merger of Aluminium Man
ufactures, Inc, into Alcoa and the
conversion of presently outstanding
Alcoa common shares into new COM
mon on the basis of three for one.
The Alcoa preferred would remain
unchanged and the Aluminium Man.
ufactures preferred would be ex-
changed share for share for Alcoa
preferred. Holders of Manufactures
common would be entitled to IL
shares of Alcoa common for each
OF their shares. Alcoa stockholders
are to vote October % on a proposed
increase in common from 10000
to 100000 shares.
Lockheed Aircraft Corp. will alb
sorb Vega Aircraft Corp, effective
about November 80, Robert E. Gross
and CORTLAND S. Gross, presidents
OF the two companies, announced
vega has been entirely owned py
Lockheed for two years.
United Cigar -Whelan Stores Corp.
earned S694,1 or s1097 a preferred
share in nine months ended Septem-
Der 80, compared with $535 ,932 or
S8.42 share in the same 1912 period.
Atlantic Refining Co. earned S.
$4,000 or Sl86 share in nine
months ended September 80, COM
pared with s1,522 900 or 40 cents a
share in the same 1912 period. The
1942 result was after substantial de-
auctions for excessive transportation
costs, later adjusted by price in
creases granted by the Government.
A. o. Smith Corp. earned IS 5,633,-
1913 or Sll.29 share in the fiscal
year ended July 81, compared with
So, 70O,995 or $7.42 share in the
previous year.
Kimberly Clark Corp. earned ST.
625,242 or S241 a share in nine
months ended September 80, COM
pared with $1441,3l9 or S203 a
share in the same 1912 period.
Plymouth Oil Co. earned $685.
494 or $1.59 share in nine months
ended September 30, compared with
81 ,239 ,034 or S120 a share in the
same period last year.
Allegheny Ludlum Steel Corp.
earned s3,634,771, or S275 share, in
nine months ended September 30,
compared with $2,874,626, or s2.17 a
share, in the same 1912 months.
Owens Illinois Glass Co. earned
S9,43l,1 ,148 or 1884 share in 12
months ended September 80 COM
pared with $8439,037 or $317 share
in the preceding year.
Texas Pacific Coal e. Oil Co.
earned 1866, 1888 or Al cents a share
in the September quarter, compared
with $2l0,077 or "a cents a share
in the same 1912 period.
elee Transportation Co.
earned $1,159,758 or s1.6O a share
in nine months ended September 80.
compared with S569,693 or 70 cents
a share in the same period last year.
Public Service Corp. of New Jersey
earned $l1,776,144 or 80 cents a share
In nine months ended September 80,
compared with 1896, 1868 or 81 cents
share year ago.
Pennsylvania Dixie Cement Corp.
earned S654,699 or $540 a share on
the 10 preferred in IL months ended
September 30, compared with S872,-
708 or $7.20 a preferred share in
the preceding year
New England Telephone & Tele-
graph Co. earned S2.462 1852 54 or
S1.58 share in three months ended
September 30, compared with 81 ,332,-
348.57 or $3.50 share year ago.
Net for the year ended the same
date was S9,629 300 or $61.9 a share
against SO, ,4O9, 1886 or 1927 a share In
the preceding year
Caterpillar Tractor Co. earned
S844,009 in September against S972,-
375 in the same 1912 month. Net
for nine months ended September
90 was S5948,l69 against S4,275868
a year ago
Chesapeake e. Ohio Railway re-
ported September net income of So
706,384 on gross of $18,332259,
compared with $2,307 ,022 on s16,214,-
l39 in September, 1912. For nine
months, net was $23,637,179 on a
gross of $154 ,726, ,456, compared with
$18,639,705 on $132,97O, $50 in the
same 1912 period.
Nickel Plate Railroad directors
authorized redemption on December
l OF the remaining $2,7e5 900 par
amount of so debentures now out
standing, at par and accrued in
terest
Liggett & Myers Tobacco Co. de-
clared an extra dividend of so cents
a share on the common and common
B stocks along with the usual quar-
terly payment of Is cents, both
payable December / to holders of
record November IL. Last Decem-
Der ! an extra Of Is cents was de-
clared.
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