Evening star., 1944-10-02
Business Briefs
Consumption of Electricity by 1885,

Consumption of Electricity by 1850
will be about 500 above 1943 levels,
the Edison Electrical Institute pre-
dicted. Individual company gains
are expected to range from $3.50 to
100%. The institute said no large
idle generating capacity would exist
in the postwar transition period.
Motor Freight Shipments in Au-
gust were 1870 above the preceding
month and 800 above a year ago,
reported the American Trucking
Associations. August tonnage was O.
231, ,005 VS.. 2,069, 1863 in July and g.
214,047 year ago.
Arkansas Power & Light Co.
awarded $30,000,000 3lsqo bonds to
Halsey Stuart & Co. on a bid of
102.889. Proceeds will be used to re-
tire outstanding first mortgage
bonds.
Narragansett Electric Co. received
high bid of 10433 for S31 500 900
80 bonds from Halsey Stuart & Co.
Proceeds will retire 31aGo bonds of
1866 at 1861.
Central New York Power Corp.
registered with the SEC $4,000 900
Of go general mortgage bonds, due
1874, to be offered at competitive
bidding. Proceeds would be used
with other funds to redeem S45,-
100000 of 334 bonds of 1862 at
1o4qo and $5 5000, 1000 of 31h% bonds
Of 1865 at 104A %.
Wayne Pump Go. earned 1924 7o1
or S1.8l a share in 9 months ended
August 81, compared with $546, 6,583
or 81. .88 in the same 1943 period
h-Hughes Gold Mines, Ltd,
reported net income of s537 1898 or
II cents a share for months ended
August 81, compared with 1854 ,407
or 18 cents year ago.
Sparks Wilmington Co. earned
S802, 1886 or 81 cents a share in II
months ended June 80, compared
with $520,216 or SIS cents in the pre-
vious year.
Aircraft Accessories Corp. net for
u months ended April 80 was ST.
172,247 or $1.64 a share, before re-
negotiation, compared with $741 ,433
or $1.2l in the preceding fiscal Pc
riod.
Outlet Co. earned $259, ,4S4 or s261
a share in months ended July 81,
compared with $275,44 or S2.77 a
year ago.
Sears Roebuck g. Co. declared a
quarterly dividend of rs cents a
share on the common and an extra
dividend of SIPS, both payable De-
cember II to holders of record No
vember 10.
Burlington Mills Corp. declared an
extra dividend of SO cents common
share, payable December / to holders
of record November Is.
Sum Ray Drug Co. declared diyi-
dend of 30 cents common share.
payable November l to holders of
record October 16, and bringing 1914
payments to $1.10 VS.. 80 cents in all
of 1943.
Seaboard Railway Co. purchase of
properties of the Seaboard- All
Florida Railway, the Florida West
ern g. Northern Railroad and the
East & West Coast Railway was ap-
proved by the SEC.
Minneapolis q St. Louis Railroad
directors authorized purchase of
$500, 900 worth Of Diesel locomo-
tives, passengers and freight cars
and steel rail.
Apex Electrical Mfg. Co. arranged
a $4,000, 900 VT loan with New York
and Cleveland banks to meet re-
conversion needs.
United States Postal Meter Corp.
stockholders approved an agree
ment with Commercial Controls
Corp, whereby the latter will ac-
quire trade marks and the name of
United States Postal Meter.
Western Air Lines will ask CAB
approval of postwar passenger
routes to Tokyo and Singapore.
Barium Steel Corp. appointed
Glenn w. Shelter vice president IN
charge Of operations. He was for
merly with Crucible Steel Corp.