Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-11-10
Business Briefs
Electric Power Produ

week ended November 6 totaled
1883 900 kilowatt hours, COM
pared with the previous weeks
record of 4452 500 900, but was 1897
above 1851 ,96l 900 in the CORE
spending 1912 week, the Edison
Electric Institute reported.
September Income Payments 20
individuals Appropriated Sl2,545,-
100000, gain of 10 over the pre-
ceding month and 20co above a
year ago, the Commerce Depart
ment estimated.
Americans are spending at the UNI
precedented rate of more than SOL
900 900 900 year, the department
added
A Syndicate of More Than 100
Firms has been formed to bid on
Chicago revenue bonds to be issued
If and when proposals to unity the
clty's transit system under public
ownership are finally approved, it
was disclosed in banking quarters in
New York.
Best Bank Earnings Since 1893
were recorded in the first half of
this year, the Federal Reserve Board
announced. For the first time in
history, member banks made more
money from securities than from
loans.
Advertising Lineage in So cities in
the first nine months of this wear
totaied ! zoos 677337 a gain of 1897
over wear ago, Media Records an
nounced More than half of the
gain was IN classified advertising
which was swelled by job offers and
was 338| above a year ago. Dis
play advertising was up 81. Sep
TENDER lineage was 2l3G above
year ago, with general advertising
up 528r,.
A So, Jump in Auto Output after
the war was predicted by Alfred P
Sloan, board chairman of General
Motors Corp. He forecast an an
nual production of 5000 900 to
$4,000 cars, compared with an
average of around 100000 a year
before Pearl Harbor.
York Corp. offering Of $4,000, 900
A. n first mortgage sinking fund
bonds, due 1858. was fully subscribed
by early this afternoon. 1t was an
nOunCed by underwriters headed by
Stone & Webster & Blodget, Inc.
Proceeds will be used TO redeem So
$4,000 OF g. bonds, pay 1918 $50
notes and retire other Indebtedness.
Atlantic Gulf e. West Indies S. S.
Lines has arranged for term bank
loan Of 100000 and will call for
payment on January l all Of its 81
collateral trust bonds. due January
/. 1859. An annual saving of about
$4,000 in interest is expected. The
firm earned sl979254 in nine
months ended September 30. COM
pared with 81 1853, 1855 year ago
New York Central Railroad Co.
declared a common dividend of 81
a share, payable January Is to hold
erS of record November 20. Previous
payments of so cents on July IS and
81 on January IS this year were the
first dividends since 1881.
Eastman Kodak Co. approved pay
ment of the 800 wage dividend to
employees and declared quarterly
dividends of S125 a share on the
common stock and $3.50 on the
preferred, the last two payable Jan
uary 3 to holders of record Deem
Der 4 The wage dividend will be
paid on an unspecified date in
March and will amount to around
S2476 403
REQ Motors, Inc. declared a ST
dividend on the common. payable
December ID to holders of record
December l. The previous payment
was so cents on December %, 1912.
Nickel Plate Railroad awarded
81 ,02500 worth of 1943 special
equipment trust certificates to Hal
sey, Stuart & Co., Inc, of Chi
cago, on high bid of 99.39 for
2'sTo obligations, representing an
interest cost to the carrier of ap-
proximately 22lk.
United States Steel Corp. reported
finished steel shipments of subsid-
iaries in October totaled 1894 966
net tons. a new peak since Deem
ber 1912, which compared with
1854 SIT III the preceding month and
l,787,501 in October. 1912 For ten
months this year, shipments totaled
1864 612 tons against 17,548.977
year ago.
Western Union Telegraph Co.
earned 1921, PA or $5O6 a share in
nine months ended September 30.
compared with S6,519815 or 1923 a
share year ago.
Briggs Manufacturing Co. earned
81 324,436 or 68 cents share in the
September quarter, after provision
for income taxes, renegotiation and
all other charges
International Paper Co earned
S2,279,273 or 81 cents a share in
the September quarter, compared
with 81 ,427,045 or Is cents share
in the game 1910 noriod