Evening star., 1943-08-18
Business Briefs

Electric Power Production set
record for the fifth consecutive time
in the week ended August IA, the
Edison Electric Institute reported.
The new peak of 4,287 ,827 900 kilo-
watt hours compared with 4,240, $685.
600 in the preceding week and was
1872 above 1854 ,795 900 a year ago.
Regional gains over q year ago:
Rocky Mountain, 20.5T; New Eng
land, 5.8%; Mid-Atlantic. 1897:
Central Industrial, 16.3%: West
Central, l7.1%; South, 1917; Pa
cific Coast, 1917.
Sales Of Independent Retailers in
July were 1915 above . year ago,
the Census Bureau reported on the
basis of data from 1880 firms in
"a States. A decline Of 81 from the
seasonal pattern.
Meat Production in Federally in
spected plants during the week
ended August IA totaled 327 ,000, 900
pounds, gain Of 10 over the pre-
ceding week and 1917 above a year
ago, the War Meat Board estimated.
Beef output of 10000 900 pounds
was 80 above the preceding week,
but 1876 below year ago. Pork
production of 176, 900 900 pounds was
SO above the preceding week and
60% above a year ago.
Remarkable" Cooperation of in
dustry in renegotiation of war con-
tracts was praised by Maurice
Karker, chairman Of the War De-
partment Price Adjustment Board.
He declared industry has made com.
mitments for refunds to the Gov.
ernment of nearly $4,000, 900 900 of
excessive profits. Total recoveries
for Is months included 81 l,787, ,923 900
in cash refunds and 81, ,l67 ,922 900 in
price reductions for future deliv-
cries on existing contracts.
Pennsylvania Railroad Co. asked
bids for purchase OF $5,790,O00 of
equipment trust certificates, the re-
mainder OF an aggregate issue of
$12 ,240, 900 Of IN % certificates under
the Pennsylvania Railroad equip
ment trust series N to finance the
construction OF locomotives and cars.
Certificates will be dated March l,
1943, and will mature in IS annual
installments. the last of which will
be on March /. 1858. A previous
issue of $6,450,0O series N certifi-
Gates was sold in February.
American Airlines carried 1891
629 pounds of express in the first
seven months of 1943, a gain of
l02.1% over a year ago. In the
same period, 13,760.970 pounds of
air mail were carried, gain of
89.4%o over year ago. Pound miles
of express totaled 5,370,4l3,648, a
gain of 908T. Pound miles of mail
totaled 8,417,442, $50, an increase of
567%o.
Chesapeake & Ohio Railway re-
ported July net income of $685.
982 or 38 cents share, compared
with $2,067,77l or 26 cents a share
year ago. Net for seven months
was $l8,003,052 or $3.50 share,
compared with $l4,154,725 or 81 80 a
share in the same 1912 period. Di-
rectors authorized redemption on
September 20 of the roads refund
ing and improvement mortgage
.85% series Ga bond issue due
next February l. The issue totals
81 $4,000 and will be paid off with
accrued interest and premium
of .2%.
Goodyear Tire e. Rubber Co.
earned $7,348,529 or s282 a share in
the first half. compared with $4l23.-
96l or 81 "a share year ago. Sales
totaled $3.50. .269, ,545 against s179, 1885,
500 year ago.
Pullman, Inc, earned $4,500,3 1923 or
$l36 share in the first half of
1943, compared with a revised net
of $7088,8 or $2.15 a share in the
same 1912 period. Provision for
Federal income taxes was 1891
388 against $l2,590, 1903 a year ago.
An adjustment of $8,8l7,OO0 was
made in renegotiation of war con-
tracts.
Colgate e-Palmolive-Peet Co. earned
$2,986,773 or 81 80 a share in the six
months, compared with $2,24l ,073 or
sl.0l share year ago. Consoli-
dated sales totaled $67.543,75o
against $58,614,993 a year ago.
b. F. Goodrich Co. earned
$5.573,879 or $3.49 share in the
first half, compared with $3,l03,0S7
or $3.50 share year ago. Direc-
tors declared dividends of so cents
share on the common and $125 a
share on the preferred. the former
payable September Is to holders of
record September 3. and the latter
September 80 to holders of record