Evening star., 1943-10-27
Business Briefs
Electric Power Production reaC

DuSfIIGSS DTcIS
Electric Power Production reached
a new l943 peak of 4,415,4
900 kilowatt hours in the week
ended October %, compared with
4 1882 ,268, 900 in the preceding week,
and was 17.7qo above 3,752,5 ST. 900 in
the corresponding 1912 period, the
Edison Electric Institute reported.
Industrial Activity showed little
change in September and the first
half of October, according to the
Federal Reserve Board, which an
nounced its revised index for Sep
tember was 243fo of the 1885, 1899
average, up point from the pre-
viouS month.
J. l. Case Co. directors approved
plan for four -for-one split up of
the companys common stock and
will submit 1t to stockholders on
December 9. Stockholders also will
consider a proposal that the pre-
ferred stock shall be entitled to four
votes per share rather than one.
Royal Typewriter Co. stockhold-
ers authorized an increase in COM
mon stock from 269, 704 to 1.O78.8l6
shares. The increase will be distrib-
uted as a stock dividend on the
basis of three shares of new 81 par
value common for each outstanding
share
Frankfort Distilleries, Inc. will be
controlled SO by the Joseph Sea-
gram & Sons Co. and the Calvert
Distilling Co. it was announced after
Circuit Court at Louisville approved
sales TO the two companies of 1866
8l6 shares owned by the estate of
the late Lawrence Jones. The ap-
proved contract provided for sale at
S43.50 share with $50 being ac-
quired by Seagrams and So by
Calvert. The entire deal involved
about S43000.000 and according to
latest figures, about 400 900 barrels
of whisky.
Western Electric Co. is negotiat-
ing with group of banks for a
$3.50, 100000 credit. primarily as a
protection against termination of
war contracts when the conflict
ends, it was disclosed in New York.
Republic Steel Corp. earned s2,452-
869 in the third quarter, compared
with s2,58l 100 a year ago. Net for
nine months ended September 30
was S8456.60l against S10.653 .22l in
the same 1912 period.
National Refining Co. earned
S676,7l9 or $113S a share of prior
preferred stock in the nine months
compared with s3l2.304 or sl2.63 a
preferred share in the same period
last year.
Youngstown Sheet & Tube Co.
earned s2,098,786 in the September
quarter, compared with s2.257.424 in
the preceding quarter. Gross earn
ings of s10,832,972 compared with
ll,902,3l2 in the preceding quarter
and Sl2, 5,845 in the same 1912
period.
Wheeling Steel Corp. earned s843.-
l65, or SO cents share. in the Sep
tember quarter, compared with
1888, $50, or 68 cents a share. a year
ago.
Commercial Solvents Co. earned
S760 ,305, or 20 cents a share. in the
september quarter. compared with
s527,Ol6, or 20 cents share, in the
same period last year.
United States Steel Corp. earned
S5O,252 ,649 or $3.50 a share in nine
months ended September 30, COM
pared with S46495,743 or s3.16 a
share a year ago. Net for the Sep
tember quarter was S19166 .596 or
SLAB a share. compared with SIS
679,456 or sl08 share in the pre-
ceding quarter and s12,628.836 or 10
cents a share in the same 1912
period.
Westinghouse Air Brake Co.
earned $1,107,729 or 35 cents a share
in the September quarter, compared
with S609,989 or Is cents a share in
the same 1912 period,
Sylvania Electric Products, Inc,
earned 81 ,0O5 ,697, or $1.13 a share in
nine months ended September 30.
compared with $636,225 or sl.O2
share q year ago.
Lion Oil Refining Co. earned ST.
095,045 or $252 a share in nine
months ended September 30, COM
pared with $685., POI or Sl.51 a share
IN the same period last year.
Jones & Laughlin Steel Corp.
earned $2,249, 1854 or 80 cents a share
IN the September quarter. compared
with s2,539,716 or s1.49 a share in
the same l942 period.
Butler Bros. earned $572,723 or Al
cents a share in the September
quarter, compared with S493 ,4O7 OF
80 cents share a year ago.
Commonwealth & Southern Corn.
earned $9,653,l46 or S6.51 a share on
the Sc preferred stock in nine
months ended September 30. COM
pared with revised net of s6 .259 1929
or SAT- preferred share in the
same 1912 period.
Continental Can Co. earned
s4,644,167 or $163 a share in twelve
months ended September 80, COM
pared with S5,353,762 or $167 a
share in the preceding year.
General Refractories Co. earned
$190,634 or Al cents a share in the
September quarter, compared with
$243957 or So cents a share year
ago.
American Machine e. Metals, Inc,
earned $430,7l1 or $157 a share in
nine months ended September 80,
compared with an adjusted net of
$413,262 or S134 a share in the same
period last year.
Pennsylvania Central Airlines re-
ported revenue plane miles in Sep
tember totaled 230,113, a gain of 26 Oh