Evening star., 1943-09-29
Business Briefs


Business Briefs
Electric Power Production ad-
vanced to new peak of 4,359,610,-
900 kilowatt hours in the week
ended September Is, compared with
4,358,512,000 in the preceding week,
and was 1927 above 3,720, ,254 900 in
the like 1912 week, the Edison Elec-
trio Institute reported. Regional
gains over year ago: Pacific Coast,
26.5%o; South, 300; Mid-Atlantic,
184%o; Rocky Mountain, 1917;
Central Industrial, 1897; West
Central, 9.2%o; New England, 6.3%.
Weighing Postwar Prospects, Har-
old c. Moulton, president of the
Brookings Institution, told a SEN
ate committee there are more fac
tors indicating that business for the
first two years after the war will be
favorable than there are to support
fear of catastrophe depression"
But on the whole, he added, pros
poets for real prosperity for the
transition period are not as good as
in 1919"
A Warning for the Nations Banks
came from the FDIC annual report,
which said that unless they put
themselves in position to make rea-
sonable risk" loans in the postwar
era, business and agriculture would
have to borrow either from compet-
ing credit institutions or from Gov
ernment agencies. The report urged
banks to increase their capital from
present earnings.
Broader Chicago Grain Trading
Is expected to be result of the sus-
pension of wheat futures dealings
at Winnipeg. Experts at Chicago
pointed out that with Winnipeg
closed, American grain markets are
the only ones in the world that are
now open to free speculative trading.
Crude petroleum stocks totaled
1851 900 barrels on September Is,
a decline of 708,O 600 from a week
earlier, the Bureau of Miles an
nounced. Stocks of domestic oil de-
creased 481 600 and foreign crude
declined 227,0O0.
Pullman Standard Car Mfg. Co,
revealed the War Department had
approved a $60,000,000 regulation
"V" credit agreement, to aid the
company's reconversion to peacetime
production at the end of the war.
Blythe g. Co., Inc, investment
firm, announced it had purchased
$4,000 shares of Wheeling g. Lake
Erie Railway Co. common stock from
the Taplin interests and 10000
shares of the co non stock from
Robert S. McVeign and Mrs. Bonnie
McVeigh. and indicated the $4,000
shares would be reoffered to the
public soon. On August 20, the Nickel
Plate Railroad filed application with
the ICC for authority to buy the
shares, saying it would pay the heirs
of F.. E. Taplin $50 share and the
McVeighs $50 share.
Missouri Pacific Railroad Co. filed
with the ICC proposed reorganiza-
ton plan providing for total capital
ization of $500, 100000 Total fixed
and contingent charges would be
SIS 1863 1886 Dividends on SO series
A preferred stock would me $685.
841, bringing total annual charges to
$13. 3.755 ,677.
Wick Chemical Co. earned 50 2,264,-
889 or 1882 share in the fiscal year
ended June 80, compared with 81
211, ,430 or 1925 a share in the pre-
ceding year.
A. p. w. Paper Co. earned 1876
or Is cents share in the fiscal year
ended June 80, compared with $685.
974 or $1.29 share in the previous
IL months.
Bridgeport Brass Co. earned ST.
405, ,l62 or $l35 share in 1912, after
renegotiation reserves, compared
with ST ,522, ,161 or SLAB a share in
the preceding year
Mueller Brass Co. earned $l.O61,-
513 or 81 share in nine months
ended August 81, compared with
1868 ,029 or So SO share in the same
1912 period.
Walw0rth Co. earned $l041, ,993
or 76 cents a share in six months
ended June 30, The company said
comparison of the net with a year
ago was not feasible because there
was no fixed formula then for COM
putting Federal taxes.
Beatrice Creamery Co. earned
$662,034 or $140 a share in three
months ended August 81, compared
with $539,437 or Sill a share in tie
same 1912 period. Sales totaled $751;
621, $50 against S27 ,645 ,627 a year ago.
New York, New Haven e. Hart
ford Railroad reported August net
income Of $2,504 ,989 on a gross of
Sl5 ,935, ,649, compared with net of
S2,005,0 ,039 on a gross or $14,740,234
in the same 1912 month.
Chicago g. Southern Air Lines,
Inc, filed with the SEC a registra-
ton statement covering lot, ,989 vot-
ing trust certificates for no-par value
common stock, of which $4,000 would
be offered publicly at a proposed
maximum offering price not to ex-
ceed SIG share. and the remaining
47,989 would be sold at SO a share to
group of seven option holders in
cluding Carleton Putnam and Bruce
Braun, president and vice president
of the firm.
United Air Lines announced it
filed with the CAB an application for
a new route, which would link St.
Louis, Indianapolis and five, other
cities to its coast-to- coast routes.
Transportation Securities Corp, a
subsidiary of Commonwealth &
Southern Corp. has sold all capital
stock of the Youngstown, Ohio, Mu-
nicipal Railway Co. and the Akron
Transportation Co. to A. c. Allyn g.
Co. of Chicago and Equitable Secu-
rites Corp. of Nashville, Tenn.