Evening star., 1943-05-14
Business Briefs

Cotton Consumption in April
totaled 938,989 bales of lint and 1O5,-
ATS males of linters, compared with
| 999,749 bales of lint and 130929 bales
of linters in April, 1912. For nine
months ended April 80. the total was
8,440,4l1 bales of lint and 998,128
bales of linters, against 8,250,l67
bales of lint and 1,106,838 bales of
linters year ago.
Lendable Reserves of Federal Re-
serve member banks declined S400,-
100000 in the last week and stood
! at $l,730, 100000 on Wednesday, the
! Federal Reserve Board reported.
Banks reduced holdings of Govern
ment securities $3.50, 100000 in the
period. Money in circulation in
creased $58,OO0,000 more
Brokers Loans on securities held
by reporting New York City banks
totaled $1,118,0OO0O0 in the week
ended Wednesday, compared with
81 $3.50 100000 in the preceding week
and only S3l6,000,000 a year ago.
Rising Wholesale Prices in the last
week boosted the Bureau of Labor
Statistics index to a new peak of
l03.7eo of the 1926 average, or 0.29o
over the preceding week The index
was 1887 above the same 1887 week
and $50 above the average for May,
1929.
Construction Awards in the last
week totaled S9l ,019,0OO, against
$72, ,237 900 in the preceding week
and $229, ,877 900 in the corresponding
1912 week, the Engineering News
Record reported
Aggressive Postwar Competition is
being planned by many major COM
panies, declared President Howard
E. Blood of the Norge Division of
Borg Warner Corp. "Techniques
and precision methods learned in
war will perform wonders in the
products of peace" he said.
Bituminous Coal Production ia
the week ended May approximated
! 10,180 900 tons, compared with g.
100000 tons in the preceding week
and II, 1,27l.00 year ago, the Ma
tional Coal Association reported on
the basis of incomplete data. Some
mines were closed early in the week,
the report pointed out
Rails are wearing out faster than
ever under the heavy pounding war
time traffic, declared President Roy
B. White of the Baltimore & Ohio
Railroad, who pointed to Eitlers
neglect of railroads in his war
transportation plans as a mistake.
He warned that deliveries of rails
will nowhere meet the demands of
American railroads.
Smallest Winter Wheat Crop
Since 1872 is indicated by May l
conditions in Maryland, the State
Crop Reporting Service announced.
Acreage remaining for harvest was
estimated at $4,000. smallest total
on record. Cold April weather and
below normal rainfall were cited.
Federated Department Stores, Inc,
earned $2,288,184 or S217 a share in
six months ended January 81, COM
pared with $2,576,818 or S2.47
share in six months ended January
81. 1912.
Columbia Gas & Electric Corp.
cd1lleu oil ,fO1,l OT ~ CenLS
share in twelve months ended March
81, compared with s7,544,47O, or q
cents share in the preceding year
Missouri Pacific Railroad report
ed first quarter net of $6,876,942,
compared with $2,l10495 a year
ago.
Chicago & North Western Rail-
way reported net income of s2,720.-
406 for three months ended March
81 against loss of 1884, ISL in the
same 1912 period
Nashville. Chattanooga e. St.
Louis Railway reported March
quarter net of $1,710302 or s668 a
share, against $276,156 or $108
share a year ago.
Puget Sound Pulp & Timber Co.
earned $110,547 or 10 cents a share
in the first quarter, compared with
S237,522 or SO cents a share a year
ago.