Evening star., 1944-08-30
Business Briefs

Electric Power Production de-
clined to 4,418, 8,298 900 kilowatt hours
in the week ended August 26, com
pared with 4,45l 076 900 in the prev
ious week, but remained above A.
322, 1875 900 in the like l943 week. the
Edison Electric Institute reported
Demand Deposits of member
banks in l0l leading cities totaleo
34,400 100000 on August %, a gair
OF $506 100000 from a week earlier
but s745,000000 below a year ago
the Federal Reserve Board disclosed
Farm Price Index of the Agricul-
tural Department rose to 1887 OF
the 1909-14 average in August
gain of l point from a month
earlier. and the highest August in.
dex since 1920.
Mississippi Power g. Light Co
offering of $l2,0O0,0OO 3lseo frs
mortgage bonds, due 1874, were
marketed by Nation wide syndi.
cate headed by White, Weld & Co
at a price of l04 44877 to yield 29Oea
Derby Gas g. Electric Corp. offer.
ing of 54054 common shares at S2(
share was marketed by Allen &
Co. Proceeds will be used with Other
funds to purchase interest of Cite!
Service Power & Light Co. in Dan.
bury e. Bethel Comm Gas & Elec.
trio Co.
New York Central Railroad wa.
authorized by the ICC to issue SIS.
100000 of Is % equipment trust Ger.
tiflcates to be sold at 99539l ano
accrued dividends.
Bethlehem Steel Corp. called the
last S22,871 900 of its 3,2 % convert
ible debentures, due 1852, for retire.
ment on October 2.
National Can Co. received con-
tract for 155-millimeter high explo-
sive shells totaling approximately
$4,000
Federal Water & Gas Corp. plan
for liquidation of Alabama Water
Service Co. and sale of it's electric
properties was approved by the
SEC.
Pennsylvania Central Airlines flew
43,856 persons in July, a gain OF
72.7qo over 25,401 a year ago. Oper-
ating revenues totaled S6l9,864, re-
sulting in net profit Of s93Ol4 or
20 cents share.
Goodyear Tire & Rubber Co. net
for the first half of 1914. was S7.491.-
078 or s2.89 share VS.. $7,348,529 O,
S282 year ago.
American Hawaiian Steamship Co
earned $589.087 or $140 a share ir
the first half, compared with SIPS,
060 or $l.70 in the same l943 period
Eastern Airlines, Inc. net for thu
half was s438,4l3 or "a cents VS.. $637,.
454 or S1.08 year ago.
Keystone Steel & Wire Co. earned
sl,467,3 ,30l or $194 share in /.
months ended June 80. compared
with $l092, ,143 or $144 in the pre-.
viouS year
Missouri Pacific Railroad reported
net income of $8,983218 in 7 month.
ended July 81, compared with $14,.
Ol0,402 a year ago.
Virginian Railway net for month,
ended July 81 was $2,978,72l VS.. $2,.
943,349 in the same l943 period.
Chicago e. North Western Rail.
road asked bids on S5,0O0.O0O pal
value of equipment trust certifi.
Gates.
Pullman-S Standard Car Mfg. Co
announced plans for a postwar din.
Ing car embodying a new principle
of diagonal eating.
Studebaker Corp. will be produc
ing passenger cars within 6 month
after Germany su"renders. declared
President Paul G. Hoffman at
newspaper conference in Soutf
Bend.
United Whelan Corp. stockholder
reelected 5 directors and named
new ones: Henry c. Brunie, Franz
M. Head, Joseph l. Lubin, Harr,
Rubenon and John Whitney.
Gulf, Mobile e. Ohio Railroad
elected r. G. Wallace and A. B
Campbell directors.