Evening star., 1944-12-13
Business Briefs

Electric Power Consumption rose
to 4,538,012,0O0 kilowatt hours in the
week ended December 9, compared
with 4,524,257 900 in the previous
week. but was below 1856 ,905 900 in
the like 1943 week, the Edison Elec-
trio Institute announced. p
Demand Deposits of member
bank in 101 leading cities totaled
s35, ,S24,OO0, 900 on December 6, a de-
cline of s2,715 100000 from a week
earlier. but s1,749 100000 above a
year ago, the Federal Reserve Board
reported.
IL Taxes Penalize those who I'M
dertake to produce and serve. there
will be fewer jobs to be done and
we shall present to the returning
soldier land of decreasing and not
increasing opportunity, declared
Enders M. Voorhees, of United
States Steel Corp, before the Illinois
Manufacturers Association.
New Production Processes will
compete with prewar processes, said
Dr.. Harvey N. Davis. president of
Stevens Institute of Technology, at
a New York luncheon A vast
amount of industrial research will
be necessary for postwar prosperity
he added.
Mesta Machine Co. is building an
13,000-ton magnesium forging press
for Defense Plant Corp. to produce
larger forgings for the aircraft pro-
gram. Largest presses so far have a
capacity of 10000 tons
Northwest Airlines, Inc, earned
S257, ,161 or 70 cents a share in
months ended September 80, COM
pared with S312.830 or S1.33 on fewer
shares in the same 1943 period.
Outboard Marine & Mfg. Co. net
for u months ended September 80
was $1087,013 or 1886 a share VS..
S1,171 ,058 or 1894 in the previous
year
Kroger Grocery Baking Co. sales
for weeks ended December 2 to-
tailed S35,814,l53, a gain of 1O.5Go
over a year ago; for 48 weeks ended
the same date, $409, BIT 1874, an in
crease of $3.50.
Lone Star Gas Co. will have new
dividend policy next year, including
quarterly payments of Is cents a
share and an extra dividend at the
year end if earnings warrant.
Lerner Stores Corp. declared an
initial quarterly dividend of as cents
on new common shares created by a
3-for-l split, payable January Is.
This places the stock on ST annual
basis. equivalent to So on old stock
which paid $3.50 year.
MARYLAND Trust Co. declared a
dividend of go cents a share, payable
December %, lifting 1914 payments
to $1.20 VS.. Sl10 last year.
Snerwin- Williams Co. stockhold-
ers were told volume in months
ended November 80 was 1850 above
a year ago.
Derby Oil & Refining Co. of New
Jersey stockholders approved disso-
luton and merger, with Derby Oil
Co. of Kansas, into a new firm,
Derby Oil Co. Holders of the Kan
sas firm have not voted on the
merger.
United Drug, Inc, purchased 4S
Sontag drugstores in California for
an undisclosed price.
Brewing Corp. of America stock
holders approved new employees
pension plan and reelected all di-
rectors.
Juillard Cockcroft Corp, large
California wholesale grocery and
liquor firm, was purchased by Jay
Levine Associates of New York.
Chicago Mail Order Co. elected
Robert w. Jackson president to sue
ceed Edgar L. Schnadig, who be-
came board chairman.
Luscombe Airplane Corp. elected
Leopold H. P. Klotz president to
succeed A. c. Hastings. jr., who
retired.
Fruehauf Trailer Co. appointed A.
& T1ce vice president and sales
director.