Evening star., 1943-05-19
Business Briefs
Electric Power product;or

Electric Power Production shot up
to 3,969, ,16l 900 kilowatt hours in
the week ended May Is, close to the
all-time peak set earlier this year
and 1927 above year ago, the
Edison Electric Institute reported
The latest total compared with
3,903, 1913 900 in the preceding week,
a record of 3976,844 900 set in Janu-
ary of this year and 1856, ,921 900 a
year ago. Regional gains over a
year ago: Pacific Coast, 3293e !;
Rocky Mountain, III; South. I'll;
Mid-Atlantic. 167; Central Indus
trial, 1853; West Central, 14.2; New
England, go.
Gasoline and Fuel Oil Supplies
for civilians on the Eastern sea-
board improved slightly in the week
ended May IS and shifted the index
of the American Petroleum Insti-
tute to 27.1Wo of normal. A week
earlier, the index was at record
low of 1857. For the Nation as a
whole gasoline stocks declined
ZIG, 900 barrels, heavy fuel oil
supplies were down 266 900 barrels
and light fuel oil supplies increased
228 900 barrels.
A Stiff OPA Warning was given
to $50 garment manufacturers, who
were told that unless they kept
proper cost records their licenses
TO do business would be sus-
pended. OPA said a check of 500
garment establishments. mostly in
New York, showed that 609o of them
were not keeping the types of
records required by price control
regulations.
A Special Offering bv Shields &
Co. included 5000 shares of Jones
IL Laughlin Steel Corp common
stock at 24l4 less a commission of
S. cents. $500 shares Of preferred
"A" at 61ss with a commission of
81 share, and 1900 shares of pre-
ferred "B' stock at IS with a COM
mission of 81 share
Chesapeake & Ohio Railway re-
ported April net income of 81 ,681 ,789
or "a cents share. against 81 .996. 1872
or Is cents share a year ago. Net
for four months was Sl0.4089l9 or
81 .33 share. against $1,000 .295 or
SO cents share in the same 1912
period. Directors declared a quar-
terly common stock dividend of IS
cents a share. payable July to
holders of record June 8.
Wartime Railroad Earnings are
transitory. declared President En-
nest E. Norris at the annual meet
ing Of the Southern Railway System
The security holders are cautioned
that, even with equal gross revenues
In 1913, in view of increased ex-
pense and still higher Federal taxes.
due to extinction Of excess profits
credits, the property cannot ap-
proach the net income realized in
1922 he said.
Consolidated Oil Corp. holders
approved changing its name to SIN
clair OIL Corp. President H. F.. Sim
clair said earnings so far this wear
were around levels of a wear ago
and added that a Butadiene plant
the company is building in Texas
should be in production in two or
three months I'VE are a bit ahea d
OF the rubber business" he said.
Anaconda Copper Co. earned So
OBS, 1853. or sl.05 a share in the first
1s43 quarter. compared with So. $780,
SIG. $1.15 share a year ago.
Pullman Co. reported operating
income for March totaled $3.50. 300
against s377 5S1 year ago. Operat-
ing income for the first quarter was
s1,31S,s94, against s1,44s ,2O5 a veal
ago
American President Lines earned
81 .135, ,583 in 1912, after subsidy re-
capture, compared with s3,706 ,24e
in 194l and S4,602 ,048 in 1910. Sub
sidy recapture in 1912 amounted to
H,115. .4S5. against s4,653,541 in 194l
and 81 ,321 ,696 in 1910.