Evening star., 1943-12-08
Business Briefs
Electric Power Production set


Electric Power Production set 4
new record Of 1850, ,158, 900 kilowatt
hours In the week ended Decem-
Der 4, compared with 4,403, 81, 900 In
the preceding week, and was 1857
above 1888, ,534 900 in the like 1912
week, the Edison Electric Institute
reported.
Listed Stock Values on the New
York Stock Exchange totaled 345,-
10l, ,778,943 at the end Of November,
an average Of $50 .33, compared with
sac, ,178, ,040 1863 and an average of
1924 at the end Of October, the
exchange announced.
Retail Hardware Sales of 1872
independent stores in October
showed an average of so over the
preceding month, but were SO below
the same 1912 month, Hardware Age
disclosed. Sales in the first To-
months of this year averaged 80
below a year ago.
Final Cotton Crop Estimate for
this year was 1l,478 900 bales of 500
pounds gross weight, compared with
an estimate Of 1l,442, 900 a month
ago, a production Of 1887, 900 bales
in 1912 and a ls32-1e41 average OF
l2,474 900 bales year, the Agricul-
ture Department announced.
Meat Production in the last week
totaled 419 900 900 pounds, a jump OF
1870 from the previous week, the
War Meat Board reported. Slaughter
Of 1859 900 head OF hogs taxed plant
capacity. Pork production was 23%
above the preceding week, beef out
put was up l0Ho, veal output ad-
vanced so, and lamb and mutton
showed a gain of 22To.
A Good Winter Harvest of Florida
vegetables is in prospect, the Agri-
culture Department said. Outlook
is favorable for lima beans. snap
beans, celery cucumbers. escarole
lettuce, peppers and potatoes. The
strawberry crop was reported late.
National Refining Co. stockholders
approved sale of the company's
Cof1eyville (Kans) refinery to the
Cooperative Refining Association
and sale of 100 service stations to
Smell Oil Co., Inc. Proceeds will
approximate 100000.
Chase National Bank stockholders
Will vote January II on a proposal to
increase capital from 500, O,270 900 to
Sill 100000 by transferring S10,730,-
600 from surplus for that purpose.
The action would round out par
value OF each share by increasing it
from the odd amount of $l3.55 to SIS.
but the number of shares would re-
main unchanged at 100000.
Allied Mills. Inc. MANAGEMENT
reported that ratification of the
companys contract to sell Century
Dlstllllng Co. to the National Dis
tlllers Products Corp. was virtually
assured by receipt of 62l,495 stock
holders proxies in support of the
plan.
Utah Power & Light Co. awarded
s42,000,00o first mortgage bond
issue to syndicate of SO members
headed by First Boston Corp. on a
high bid OF 99.l717 as 3As. II the
SEC approves, the bonds will be re-
offered Monday at l0Oss. Halsey,
Stuart e. Co. was runnerup with
bid Of 99is as As.
S. S. Kresge Co. sales in Noyem-
Der totaled $ls,050,254. against ST.
1922 a year ago. gain of To
In II months sales were $176 626,65l,
against .68,30l ,53l a year ago. an
increase Of Sc.
>. II. kress 4 Co. reported No
vember sales Of S11,3l9,14l, against
Sll,O46338 a year ago, a gain of
2.5ce. Sales for II months were
slo5,86l 1876, against 1851 1896 In
the same l942 period.
|. Western Auto Supply Co. of Kansas
City, Mo. reported November sales
OF S4,l39 900 against $4,0l0, 900 a year
ago, a gain Of 32T. Sales in II
months were $4l ,o79 900 against $751;
224 900, a drop Of 1857.
6. c. Murphy Co. sales in No.
vember totaled s6,8o2 l23 against
s6,7l9,36l a year ago, an increase
of 1.2fe. In IL months sales were
s70.5730l3 against $64,7l8, ,4O8 a year
ago. gain of 90.
McCrory Stores Corp. sales for
November were s6,114,38O against
S. ,648 00l year ago, a gain of 8.2G.
Sales in II months were $57 7.567 .Ool
against s52,l48.S1o a year ago, an
increase OF 10.4Tc.
Interstate Department Stores, Inc,
reported November sales of $3.9O1.-
727, compared with $3,57l ,02l in No
vember last year, gain Of 9.3T.
Sales for 10 months ended Novem-
Der 80 totaled $33.545,743 against
$50 ,l25, TAO a year ago, gain of
114%.
Edison Brothers Stores, Inc, re-
ported November sales of $3,179.s39
compared with 1871 SAB in the same
1912 month, a drop Of 1917. Sales
IN IL months totaled $35 1885, 1854
against s4o,s35, ,795 a year ago, a de-
cline of l24T.
American Gas & Electric Co.
earned s12,00l ,272 or $3.50 a share
in II months ended October 81, COM
pared with $11,356.578 or $2.l5 a
share in the preceding year
Chicago Pneumatic Tool Co.
earned 1882 ,s06 or s404 a share in
nine months ended September 80,
compared with $2,04o,532 or $4.5l
share IN the same period OF last
year
General Steel Castings Corp. in
two months ended November 80 ac-
quired $677,000 additional first
mortgage bonds, 5la e, series A, due
July l, 1949, reducing the amount
outstanding on November 80 to
s9.477,000, exclusive Of s5,323,0oO
principal amount held in the treas
ury.
Crown Cork e. Seal Co. has COM
pleted renegotiation proceedings on
1912 earnings. No refund to the
Government was required.
Bendix Aviation Corp. declared a
dividend of IS cents share, payable
December 81 to holders of record
December II. The payment is the
same AS for previous quarters this
year. The total for 1943 will be 50
against $375 last wear