Evening star., 1943-08-25
Business Briefs
Electric Power Production in

Electric Power Production in the
week ended August 2l declined to
4,264 1875 900 kilowatt hours, COM
pared with the all-time record of
4,287 .827 900 in the previous week.
but was 1917 above 3,673,7i7.000 in
the like l942 period, the Edison
Electric Institute reported. Re-
gional gains over year ago:
South, 2o.5q5; New England. 5.lTs;
Mid-Atlantic, 1885,; Central Indus
trial. l4T; West Central, 145ec:
Rocky Mountain. 177%; Pacific
Coast, 1857.
A New Peak in Industrial OUTPUT
was recorded in July following
June's slight decline, according to
the Federal Reserve Board. which
ascribed both changes largely to
fluctuations in coal production as a
result OF the June work stoppage.
Crude oil output increased and iron
ore shipments set a new record in
July, the board also revealed.
Big Postwar Changes in Business
were forecast in a survey by Nc
kinsey & Co., who found that one
OF every five companies plans to
invade new fields, while two out of
three intend to increase develop
ment in related lines.
Meat Production In the week
ended August 81 was 316 600 600
pounds, compared with 327 900. 600 in
the preceding week and 274. .000. 600 a
year ago, the War Meat Board an
nounced. Beef output was l21 .000.-
| o0o pounds against 1l9 900 900 In the
preceding week. but was far below
l33,000,O00 year ago. Pork produc-
tion was 160.000,000 pounds. COM
pared with 176,000 900 in the pre-
v1ous week and 100000 a year
ago.
Warner Brothers Pictures earned
s5,7l4,392 or s146 a share In 3s
weeks ended May 20, compared with
S5,371 ,875 or $137 a share in the
same period last year. Results In
the latest period were after loss of
$4,000, 900 on sale of fixed assets and
taxes of $1l 100000.
! Mckesson & Robbins earned "a
9O5,590 or $2.73 a share in twelve
months ended June 30 Because of
accounting changes. no comparisons
with year ago were available. For
the June quarter, net was 81, ,06O .583
or So cents a share, compared with
S652,0l2 or "a cents share a wear
! ago.
Middle West Corp. earned s736 .024
or 20 cents a share in the June
quarter. compared with $648,267 or
20 cents share in the same 1912
period.
Zenith Radio Corp. earned S1.507.-
97O or $3.06 a share in the fiscal
year ended June 30, compared with
s1,637,o49 or 1882 a share in the
precerding year.
Sloss- Sheffield Steel & Iron Co.
earned $478 2l1 or 70 cents a share
in the first half of 1943, compared
with s543,970 or 90 cents a share a
year ago.
Time. Inc, earned s1,898, ,41O- or 50
a capital snare in six months end
ed June 80, compared with 81 ,642,4l4
or $l.73 share year ago.
Eaton Mfg. Co. notified stock
holders conclusion of renegotiations
with the Government had resulted in
reducing the company's net profit
IN 1912 from $3.481 900 or s4.94 a
share to s3,o30,618 or 4.3o a share. g
American Stores Co. earned $755,-
208 or So cents share in six months
ended July 81, compared with s728,-
535 or 56 cents a share in the samr
1912 period.
Eureka Maryland Assurance Corn.
stock control has been acquired by
the Farm Bureau Insurance Group
OF Columbus, Ohio The Baltimore
insurance concern, in operation
1 since 1882, had in force approx
mately s100,000,000 worth of busi-
ness at the end of last June.
Gotham Hosiery Co. earned 1929. =
855 or 68 cents share in the first
half, compared with $391 1896 or 80
cents a share in the same period last
year.
American Export Airlines, Inc,
registered with the SEC 43,888 SO
shares Of SO par value capital stock,
1ssuable upon exercise of the COM
pany's capital stock purchase war
rants attached to 1900 shares of the
so cumulative preferred stock of it's
| parent, American Export Lines, Inc.