Evening star., 1944-08-02
Business Briefs
Electric Power Production in

Electric Power Production in the
week ended July 90 rose to 4.39O.-
1852 900 kilowatt-h hours. compared
with 4,380, 100000 in the previous
week and 1925. .705 900 in the like
l943 week. reported the Edison Elec-
trio Institute.
Demand Deposits of member
banks in 10l leading cities totaled
33.503, 900 900 on July 26, a gain of
S558 900, 900 from a week ago, but
S337 ,000, 900 below a year ago. the
Federal Reserve Board disclosed
Railroad Earnings of Glass car
riefs, approximated 100000. 900 in
June, after interest and rentals.
compared with $7O,626,341 a year
ago, the Association of American
Railroads estimated. Net for the first
half was 10000 900 VS.. SAB, TOO ,268
a year ago.
Southern Pacific System report
ed net of $23.034,l39 or s6.l0 a
share in the first half. compared
with s42,550,95l or $11.2s in the
same 1943 period.
General Motors Corp. earned s82.-
1863 ,895 or $1.78 a share in the first
half VS.. $69, ,390.195 or $l.49 a year
ago. Taxes totaled $139 ,888, 900 VS.
SLOT $4,000.
Union Oil Co. Of California re-
ported net of S3,3O2, 1856 or II cents
in the first half VS.. $3,084, ,563 or sc
cents in the same 1943 period
st. Joseph Lead Co. earned ST.
225,287 or $1.12 in the half VS.. 81
697. 7.084 or l38 a year ago.
White Sewing Machine Co. net
for the June quarter was SlO4,85I
or IA cents a share compared with
a net loss of $5,781 in the same 1874;
period.
Phoenix Hosiery Co. reported net
of $155, 1902 or 81 cents in the hall
vs.. $229,730 or SIPS in the same
period last year.
New York Telephone Co. earned
$3l ,889, ,272 in IL months ended June
30 VS.. $26.156,016 in the previous
year. Net for the June quarter was
$694a000 VS.. $7.150,651 a year ago.
Dennison Mfg. Co. net for the
half was $320,000, compared with a
revised net of $3l5 900 in the same
period last year.
Rheem Mfg. Co. earned 1907 .344
or 81 cents in the half VS.. $598, TBS
or $1.3f year ago.
Abbott Laboratories net for the
six months was SLAP, ,433 or $l.5s
VS.. Sls257,875 or $158 on fewer shares
in1the same 1943 period.
American Water Works g. Electric
CO. earned $3,8e4, TOT or S114 share
in IL months ended June 30, COM
pared with $3,846,883 or $1.13 in the
preceding year.
Park & Tilford, Inc, net for first
half was $595,447 or $3.50 VS.. $783,.
489 or $3.17 year ago.
American Safety Razor Corn
earned s60o,073 or s1.26 in the hall
VS., $5O5 800 or sI.OI in the same
1913 period.
Corp. has reduced outstanding first
and refunding mortgage bonds, due
1886, to less than $25, 600, 900. AROUND
SAT 900, 900 of the bonds were out.
standing in 1943, when the extension
plan became effective.
Murray Corp. Of America com.
pleted arrangements for a $25 5,0OO,-
900 VT revolving credit with 81,
banks in Detroit, New York ane
Chicago
Atlantic Coast Line Railroad Co
called for redemption 100000 oi
its 40 bonds due in 1867 at los ane
interest to November 1.
North American Co. asked SEC
permission to declare a dividend oi
ore share of Pacific Gas & Electric
CD $25 par value common on each
10D shares of North American com.
mon, payable October 2 to holders
Of record September l.
Plymouth OIL Co. declared a stocl
dividend OF 1h% on the common
insadditipn to the regular cash divi.
dend Of rs cents share. both pay.
able september 28 to holders of rec.
ord1Ana1lst Is.