Evening star., 1943-12-15
Business Briefs
Dissatisfied With Price Controls,

OlSSdtiSlitu WIN TllCc SOItTOlS,
Paul S. Willis, president OF the
Grocery Manufacturers Association,
told New York state legislative
committee 1t is imperative that food
INDUSTRY leaders be consulted and a
new, sound, reasonable and realistic
price control act be substituted for
the existing ''makeShift" law.
America has enough food to meet
its needs if handled in an orderly
way he said.
Electric Power Production set a
new record of 1856 ,905,OO0 kilowatt
hours in the week ended December
II, compared with 1850, 0,159 900 in
the previous week and was 16co
above 1897 $4,000 in the like 1912
week, the Edison Electric Institute
reported.
Cotton Consumption in November
totaled 858,613 bales of lint and 109,-
907 bales of linters, compared with
912920 and 113,430 a year ago, the
Census Bureau reported. Totals ir
four months ended November &c
were 3,4l9,391 of lint and 446,192
of linters against 3,770,653 and 467,-
OBS a year ago.
Labor's Attitude toward taperine
off war production is becoming in
creasingly important, said the
magazine Iron Age. The worker
finds it hard to understand why
basic facilities should be curtailee
when they could be shifted into
scarce civilian goods and recent Of
fetal statements seem to have in.
creased rather than lessened the
confusion, the magazine added.
New Life Insurance Sales in No
vember totaled S747356,000, a gair
of 278Tc over the same 1912 month
the Association of Life Insurance
Presidents disclosed. Total for l,
months was S7,709, $4,000, gair
of 94ft.
American Distilling Co. an.
nounced each stockholder will be
allowed to buy, between December
q and next February %, Is cases oi
blended whisky for S24270, includ-
ing Federal taxes. On February 20
each holder also will be allowed tt
buy two cases of bonded whisky, one
rye and one bourbon, for S46.50.
Seaboard Airline Railway COM
promise reorganization plan was
confirmed by Federal Judge Calvir
Chestnut at Baltimore. 1t provide;
for distribution of $5,500000 cash
and S185, 100000 in new securities ir
settlement of $305 100000 claims o.
bondholders.
Deere & Co. announced it planned
to produce cotton pickers under the
Berry patent. and that it expected
to market some of them for use ir
the 1914 season.
American Sugar Refining Co. de.
clared a year-end dividend of So {
common share, payable February
to holders of record January S. Pre-.
vious payment was a year-end divi
dend of S150 last February 2.
Electrical Bond & Share Co
earned $5,611,104 or $446 a share
on combined IS and $6 preferred.
in IL months ended September 80
GU Will OO,OOO,1OO Ol o1.O1 IL
the previous year. Purchases o.
preferred shares under SEC authori.
zation of last July now total $25,.
231,100 par value, at cost of ST..
183,O55, with a cut of il ,459,86 il
dividend requirements.
Atlantic Coast Line Railroad re.
ported net income of $11,810,735 o.
$1433 a share in 10 months ended
october 81, compared with s14.898,.
297 or $1808 a share a year ago.
Bulova Watch Co. earned $491 81:
or s1.51 a share in the September
quarter, compared with $438,965 o.
Si.25 a share year ago.
K-o~cr Grocery & Baking Co
sales in four weeks ended December
4 tctaled S32,328,793, or 2.8 per cen
above a year ago; sales in 48 week.
ended same date, $388, ,657,519. ur
III per cent.