Evening star., 1944-06-07
Business Briefs

Electric Power Production de-
clined to 4,144 400 600 kilowatt hours
in the week ended June 3, compared
with 4,291 ,750 900 in the preceding
week, but was Sc per cent above
1925 1898, 900 year ago, the Edison
Electric Institute reported.
Demand deposits of member banks
in 10l leading cities totaled $50, ,208,-
100000 on May 81, gain of $685.
O0e,O00 from a week earlier and
S4,822 ,000, 900 above year ago. the
Federal Reserve Board disclosed.
Commercial, industrial and agricul-
tural loans totaled $5,846, 900 600. a
drop of $4,000, 900 from a week ear
lier, but $184 4,000,00O above a year
ago.
Retail store sales in April approx
mated S5,408 900 900, the Commerce
Department estimated. Combined
March and April sales, considered
together to allow for pretax buying
as well as an earlier Easter this
year, were per cent above the same
two months last year.
Sears, ROebuck e. Co. sales in Nav
totaled $81, 1,810,333 VS.. $66, TAG, ,068 a
year ago; in four months ended Nav
81, 1896 ,007, 1923 VS.. 1854 ,267,874 a
year ago.
Montgomery Ward g. Co. sales for
May totaled $50, ,160 1893 VS.. $54 Oe8.-
702 a year ago; for four months end
ed May 81, l89,306,0 ,068 VS.. $208,-
800, ,4S6.
w. t. Grant Co. sales for Nav to-
tailed $l4,370,291 VS.. $I3.559.225 a
year ago; for five months, $685.
467 VS.. $59,166, 797.
l.. A. Young Spring g. Wire Co.
earned $86I,925 or S2l1 a share in
nine months ended April 80. COM
pared with $509, ,685 or SIPS a year
ago.
F. E. Myers G. Brothers Co. net
Tor six months ended April 80 was
$340,4l6 or $l.70 share VS.. $209, 1895
or $l.05 in the same period last year.
Coty international Corp. earned
$382,5l5 or Is cents share in 1943,
compared with 1927 ,601 or 10 cents
in 1912.
REQ Motors declared a dividend
OF Is cents. payable June 80 to hold
ers Of record June 20. Only pay
ment last year was 81 on Decem-
Der ID.
White Rock Mineral Springs Co.
directors voted to submit to stock
holders a plan for acquisition of the
company by National Distillers
Corp.
New York, New Haven & Hartford
Railroad Co trustees were granted
ICC authority to issue at par $5,-
252 900 of promiSSory notes to
ErSn ENf fvzvr ~avaf
Norfolk Southern Railway report
ed net income was $38,098 in four
months ended April 80, compared
with $l58,56 in the same l943 pc
riod.
Standard Oil Co. New Jersey
stockholders declined for the third
consecutive year to restrict their
company's operations by a prohibi-
ton against foreign production and
marketing agreements. Chester F
Smith and Jay E. Crane were added
TO the board.
Peoples Gas Light e. Coke Co
asked the Illinois Commerce Com.
mission for permission to sell tC
elgnt lie insurance companies $40,
OoO,OO0 OF first and refunding mort.
gage 80, series G, bonds at par, due
1861.
Radio Keith Orpheum Corp. an
nounced formation of a new sub.
sldiary to supply television broad.
casting stations with both filmed
and live talent programs. The new
nrm will be known as RKO Tele.
vision Corp. and will be headed by
President N. Peter Rathvon O.
RKO Corp.
Reading Co. cut its funded debt
and equipment obligations SS.O83.,
4l8 and reduced annual fixed charge
S2!6,73l in 1943, President E. w
Scheer told stockholders.
Adams Express Co. stockholder,
approved an amendment to article
OF Incorporation, extending life O
The company from July !, le4s, t.
Jay /. 1898. !"