Evening star., 1943-11-17
Business Briefs
Electric Power product,


vember 13. compared with 4,413,863,-
600 in the preceding week and was
1879 above 1878 900 in the like
1912 week, the Edison Electric In
stltute reported. Regional gains over
year ago: Pacific Coast, $780,.
New England, 8.3%; Mid-Atlantic.
1870: Central Industrial, l5.l%:
West Central, 1857; South, 20.3%:
Rocky Mountain, 1897.
States Have Cut Their Debts s617.-
2o7 600 in the last three years, the
Council of State Governments an
nounced. The total now stands at
81 2,9O9, 10000, compared with So
526 ,407 900 in 1910. The reduction
was attributed to increased revenues
and smaller expenditures, especially
on construction.
Sharp Rise in Fire Losses was
disclosed by the National Board of
Fire Underwriters, who said losses of
s3O0,872 900 for the first 10 months
OF this year were s46 6.636 900 greater
in the same 1912 period and were not
lar below the total of $3l4,849 900 for
all OF 1912. October losses of S29, ,66l,-
900 were s3,173.O0 larger than in the
preceding month and S7,04O, 900
above October, 1912
Atlanta & Charlotte Air Line
Railway Co. first mortgage bonds
were placed on the market by a svn-
dlcate headed by Halsey, Stuart e.
Co. The sl5,0000OO 3M q issue was
priced at l00i2 The Atlanta & Char
lotte, part of the Southern Rail-
way system, awarded the issue at a
competitive sale Monday.
Commonwealth Edison Co. direc-
tors authorized redemption of ST.
0O0, 900 or first mortgage 31a % bonds.
series ]. on December % at 1857
Bonds to be called will be selected
by lot to satisfy the sinking fund
provision of the mortgage.
Idaho Power Co. has sold an issue
OF sl8O00,000 first mortgage 3Isg
ponds to a group of life insurance
companies. Due in 1878, the bonds
were sold at price of 1O3.464 Pro-
ceeds will be applied to redemption
OF $4,000 900 334 9e bonds due in
1867, which have been called for
payment December II.
American Stores Co. sales in Oc-
tober totaled SIG 1886, 1872 against $40
2lo,4l8 year ago. drop of l.4G.
sales in 10 months ended October
81, We're $l68,020224 against sl7o-
1854 1897 in the same 1912 period, a
decline of 1.6fc.
United Air Lines reported new
record of l,0l7,5l8 ton-miles of mail
carried in October, 1912. Express
ton-mlles were II above the pre-
cedlng month, but loqo below Octo-
Der. 1912.
Anaconda Copper Mining Co.
earned S25 1854 ,242 or 50 SO a share In
nine months ended September 30.
compared with s27,5l4,66s or s3l7
share a year ago.
United States Freight Co. earned
81 ,065 099 or s355 share in nine
months ended September 30. COM
pared with Sl,016,745 or So. SO a share
IN the same 1912 period, exclusive
of a loss of around S2,387 900 from
sale OF interest in steamship lines in
october, 1912.
Reading Co. earned S8.37l,387 or
SAB a share in nine months ended
September 3d. compared with s10.-
800, ,344 or $5.92 a share in the same
period last year.
Addressograph- -Multigraph Corn.
and Canadian subsidy, but eXclud-
ing English and European subsidi-
aries, earned Sl,l28,349 or s1.5O
share in the year ended July 81,
compared with 81 $3.50, $50 or $3.50 a
share in the preceding II months.
International Business Machines
Corp. elected Miss Ruth Leach
vice president-first women ever to
hold corporate Office with IBM.
Miss Leach formerly was manager
of systems service. Miss Mary
Schultz, assistant systems service
manager, was promoted to assistant
vice president.
DR.. Pepper Co. declared dividend
of IS cents share, payable Decem-
Der to holders of record Novem-
ber 20. Dividends of Is cents share
were voted in three previous quar-
ters this year.
Republic Steel Corp. declared a
dividend of Is cents common share,
payable December 20 to holders of
record December l. This will bring
1943 payments to 81 against SIPS In
1912.
Safety Car Heating & Lighting
Co. declared an extra dividend of
$l,50 and the regular dividend of 81
on common shares, both payable
December % to holders of record
December 4. Payments in 1943 will
total $3.50 against S. in 1912.
1nterlake Iron Corp. declared a
dividend of IS cents a share, payable
December 10 to holders of record
Sales
Stock and Add pr,v