Evening star., 1943-09-22
Business Briefs
Electric Power Production reacl

Electric Power Production reached
new all-time peak of 4.35s, ,5l2 900
kilowatt hours in the week ended
September Is. compared with 4.22s.-
$4,000 in the preceding holiday
week, and was 1885, above 3,756 ,922.-
600 In the like 1912 period the Edison
Electric Institute reported. Regional
gains over year ago: Pacific Coast.
$780, New England, 4.7e,: Mid
Atlantic. 14.4No: Central Industrial,
1885, West Central, 60: South,
20e,; Rocky Mountain, leet.
State Direction and Control to
take the place of the system of free
enterprise in the United States is
the aim of Federal postwar plan
ners. charged Senator Albert w.
Hawkes.. Republican, of New Jersey,
in an address before the Controllers
Institute Of America at New York.
They are drafting their proposals
along the line OF planned economy
which would revolutionize our eco
nomic and social system in a man.
ner that is alien to our American
way Of life he warned.
Meat Production in the week end
ed September 10 was 15ec above the
previous week. the War Meat Board
announced. Beef output was 127,-
100000 pounds against Ill ,000, 900 in
the previous week: veal output was
100000 against 100000; pork
output, 153.000,000 against 1873 3.OO0.-
600; lamb and mutton production,
$4,000 900 against 100000
New Locomotives put in service
by Glass I railroads in the first
eight months of 1943 totaled 408.
compared with 5l4 in the same 1912
period, the Association of American
Railroads revealed. On September
l, the carriers had 1038 locomotives
and 28.433 new freight cars on Or
der, compared with 861 and 35,O63
respectively on order September l,
1912.
P. Lorillard Co. announced 1t had
registered with the SEC $40 1000 900
Of debentures and 374,39l shares of
common stock to be underwritten
by a group OF firms headed by
Lehman Brothers and Smith, Bar
ney e. Co. Proceeds would be used
to retire s19,000.000 of short term
bank loans and for payment at ma
turity or sooner of 5000 800 of 10
bonds due October /, 1914. Any
balance would be added to work
ing capital.
Celotex Corp. earned $483, ,046 or
So cents a share in nine months
ended July 81, compared with $s37,-
$40 or $114 share in the same
1912 period.
Bulova Watch Co. earned s536 ,654
or s1.65 A share In the June quarter
compared with s495 ,O32 or $1.52 a
share In the second quarter of last
year.
American Shipbuilding Co. earned
S555,3l0 or $4.35 common share
in the fiscal year ended June 80,
compared with S543,S12 or 3425 a
share in the previous IL months
American Viscose Corp. has called
for redemption 1926 shares of so
cumulative preferred stock for hold
ers of record at the close of busi-
ness September II. Redemption
price is Sis a share and accrued
dividends.
Chesa peake g. Ohio Railway re-
ported August net inc me of S2,827,-
743 or SO cents 4 share, compared
with S2,177 $50 or % cents a share
year ago. Gross was &l0,278,Ol3
against 1860 ,536. In the first eight
months OF l943 net was sac, ,930, ,795
or S2.68 q share against $16,332, ,684
or $208 share in the same 1912
period. Gross jumped to $136. 1874, ,197
against s116,756, 122 4 year ago,
National Bellas Hess, Inc, earned
S552.0l or 81 cents a share In the
fiscal year ended July 81. compared
with s141 ,030 or 5 cents share in
the previous year.
McKesson & Robbins. Inc. earned
IS 5,097,370 or $285 common share
in the fiscal year ended June 80
after charges and provision OF S10,-
369 .226 for Federad taxes. Due to a
change in the fiscal year, compari-
sons with a year ago were not avail
able. Sales In the II months totaled
s242. 1862 against $205 ,239.567 in
the preceding period, a gain Of 1870