Evening star., 1944-02-02
Business Briefs

Electric Power Production declined
slightly to 4,523,763 900 kilowatt
hours in the week ended January
%, compared with 4,531 ,662 900 in
the preceding week and was 1887
above 3976.844,0 900 in the like 1943
week. the Edison Electric Institute
reported.
Gasoline Stocks on January 2s
totaled 81 ,085 900 barrels, compared
with 79,763,000 a week earlier ano
88,l69,000 a year ago, the American
Petroleum Institute announced
Light fuel oil supplies declined l.
100000 in the last week to 81 ,266 900
while heavy fuel Oil stocks dropped
$4,000 to 52,857000.
A New Worlds Steel Record was
set by January production at the
giant Gary works of Carnegie
nois Steel Corp. The worlds largest
steel mill turned out an average OF
16,400 net tons daily.
Retail Sales of independent stores
except department stores, were 13ft
above last year, the Census Bureau
CoViilldVCo DCPol eiilClle oIolS odlSs
were up 17fe. Wholesale volumes
were AZ above 1912.
Bell Aircraft Corp. has paid in full
a S60,000,000 V loan contracted a
year ago with % banks, and nego-
tiated a new VT loan of S10,000,00C
with six banks. The new credit will
run until December 81, 1916.
Delaware, Lackawanna & Western
Railroad has reached an agreement
on major details of a plan for its
merger of the Morris & Essex Rail-
road, under which NJ & E. stock
holders would receive $50 par
amount of D., L. e. w. collateral
trust bonds for each share of stock
Union Pacific Railroad reported
t943 net income of $35 ,293 ,259, or
sl409 share, against S62 2,083, 1886, or
s26.14 a share, in 1912.
St. Louis San Francisco Railway
reported 1943 net income of S24,O22,
885 against s27,273,92O in 1912
Revenues totaled SIP, ,96l ,746 against
S90079 500 in 1912
Dresser Mfg. Co. earned $1,851,-
A3 or $3.50 a share in the fiscal year
ended October 81, compared with
$i,602,7o2 or $4,78 share in the
previous year.
Pacific Lighting Corp. earned S.
l7l,505 or 1921 share in 1943, COM
pared with s5,645,935 or 1851 a
share in 1912. Gross was $57,008,-
s47 against s54,008,363 in 1942.
lSBlack g. Decker Mfg. Co. earned
S359,S12 or 80 cents a share in the
December quarter, compared with
s214954 or SIS cents a share in the
same 1912 period.
Wilson & Co. cleared up all ar
tearages on the Sc preferred by dec
iaration of a dividend of 50 a share
payable March 10 to holders of rec
BIRD February 81.
Cushman's Sons, Inc, declared a
dividend of 50 a share on the So
cumulative preferred, applicable to
accumulations and payable March
/ to holders of record February Is
1t will be the first payment on this
stock since September, 1885. A regu-
lar dividend of SITS share on the
10 preferred also was declared pay
able on the same date.
United States Realty & Improve
ment Co., with listed assets of S13,-
p75,768, was granted Federal court
permission to reorganize under
chapter 10 of the National Bank
ruptcy Act President Frederick M
Sanders and James j. O'Connell
were named trustees.
Standard Oil Co. of New Jersey is
no longer holding company and its
registration under the Holding Com
pany Act has ceased to be effective,
the SEC ruled.
| Allied Mills, Inc, earned $2,023,-
eoe or $3.50 a share in 1943, COM
pared with 81 ,497 ,524 or $1.87 q share
In 1912.