Evening star., 1944-11-29
Business Briefs
Electric Power CnnsurnI

Electric Power Consumption de-
clined to 4,368 ,5l9,0 900 kilowatt hours
in the week ended November 25,
compared with 4,450,047 900 in the
previous week and 4,403, $4,000 in
the like 1943 week, the Edison Elec-
trio Institute reported.
Demand Deposits of member banks
in 101 leading cities totaled $50 ,169,-
100000 on November %, a gain of
S752,000.000 from week earlier and
SIS 1868 100000 above year ago, the
Federal Reserve Board disclosed.
Rayon Production in the United
States will set a new record of
around 715,000,000 pounds this year
compared with 663 100000 in 1943 and
33,000,000 in 1912, predicted Ameri-
can Viscose Corp.
The Steel Industry Spent $685.
100000 for plant repairs and mainte-
nance in 1943, an increase of 1890
over 1912 and more than 5000 above
1888, the American Iron & Steel In
stitute estimated.
New York, Chicago e. st. Louis
Railroad directors authorized issu-
ance of s42,000,0 900 3O-year bonds to
be sold at competitive bidding
Slated for retirement: S26,058,00
51as of 1947; s6,50O,000 of T. S. &
w. first As of 1850 and the recently
arranged $10,000,000 collateral loan
Special Offering of 28,O86 shares
of Montgomery Ward & Co. was
marketed by Shields & Co. at 521a.
Westinghouse Electric & Mfg. Co.
reported October shipments of s75,-
02G,866 reached new 1914 high and
compared with S63,113578 a year
ago. Shipments in 10 months totaled
S687, 7,128,45 VS.. $566, 6,650,674 a year
ago.
Commonwealth & Southern Corp.
earned S9,556,795 or S645 a preferred
share in 10 months ended October
81. compared with $10,479,979 or $7.07
a preferred share in the same 1943
period.
National Power e. Light Co. and
subsidiaries reported net of $685.
383 or Is cents a share in the Sep
tember quarter VS.. $1,071, ,975 or 19
cents a year ago.
Spicer Mfg. Corp. earned $2,174,-
$50 or s6.55 in u months ended
August 81 VS.. S2,362 $3.50 or $717 in
the previous year.
ThOmpson-S Starrett Co.. Inc, re-
ported net loss of Sl38,865 in 6
months ended October 81, COM
pared with deficit of $46,702 in
the same 1943 period
Pittsburgh d. Western Virginia
Railway earned $1,083,953 or S3.55
in 10 months ended October 81 VS.
S1,061 1855 or S3.48 year ago
Transcontinental g. Western Air
Inc, reported revenue passenger
miles in October totaled 36,878, ass
a gain of about 48Go over a year
ago. Mail poundage was 43.1%
larger and express poundage was
up 25.9%.
Standard Oil Co. of California an.
nounced its subsidiary, Richmond
Exploration Co. was granted a Ven.
ezuelan oil concession covering
1.750,000 acres on the west side o1
Lake Maracaibo.
Associated Electric Co. sale of its
interest in Missouri General Utilities
Co. to co-operatives and the city o1
Rolla, Mo, for s1,610,000 was ap.
proved by the SEC.
Gillette Safety Razor Co. declared
an extra of 20 cents and a regular
dividend of 20 cents a common
share, both payable January 20 tt
holders of record December II.
Ruberoid Co. declared a year-eno
dividend of 80 cents share, payable
December % to holders of record De-
cember 8, lifting 1914 payments to
SIPS VS.. $1.15 in 1943.
Borden Co. declared a final divi-
dend of SO cents q common share
payable December 20 to holders o1
record December S, raising the 1914
total to $l.70 VS.. $1.50 last year.
Consolidated Vultee Aircraft Corp
named James G. Welsch director OF
private sales for its Stinson Division