Evening star., 1944-11-22
Business Briefs

Electric Power Consumption rose
to 4,450, ,047 900 kilowatt hours in the
week ended November 18, compared
with 1896, ,595 900 in the previous
week. but was below 4,513 ,299 900 in
the like 1943 week, reported the
Edison Electric Institute.
Demand Deposits of member
banks in 101 leading cities totaled
S38,417,0O0,000 on November IS, a
gain of $790,O0O,OOO from a week
earlier and S5,768,000, 900 above a
year ago, the Federal Reserve Board
disclosed.
Briggs & Stratton Corp. directors
voted to omit the quarterly dividend
usually paid December Is, ending a
record dating back years of paying
at least rs cents a quarter. The
need for conserving working capital
in uncertain times was cited.
New Haven Clock Co. declared q
dividend of 37h cents a common
share, payable December II to hold
ers of record December /. 1t will
be the first payment since 1887.
Emerson Radio & Phonograph
Corp. declared a yearend dividend OF
30 cents, payable December Is to
holders of record December S. A
yearend payment of 10 cents was
made last year.
Baldwin Locomotive Works is
producing 115 locomotives month,
compared with So a month late last
year, President Ralph Kelly re-
ported.
Radio Keith Orpheum Corp.
earned S3,634,863 or $1.0S a share in
9 months ended September 80, COM
pared with $5,008,075 or $1.54 in the
same 1943 period.
Hudson Motor Car Co. net for 8
months was $1,096,139 or SO cents
VS.. $1,364,101 or &c cents a year ago.
Net for months ended the same
date was $500,5OS VS.. S319,O68.
Chesapeake & Ohio Railway
earned $23,344,7S2 or s3.O5 in 10
months ended October 81 VS.. S26,-
347,752 or 1888 in the same 1943
period.
Middle West Corp. net for 8
months ended September 30 was $3,-
l1O,668 or "a cents VS.. $3,240,173 or
SO cents year ago.
Niagara Hudson Power Corp
earned $5,149,S 1865 or % cents in s
months VS.. $5,530525 or % cents ir
the like 1943 period.
Great Northern Paper Co. net fol
8 months was $1,310,951 or $1.31 VS.
81 ,200,585 or $i.20 a year ago.
Aircraft Accessories Corp. earned
$1,064,0 ,040 or $1.49 in IL months
ended April 30 VS.. $741 ,433 or $1.21
in the previous year.
Colts Patent Fire Arms Mfg. Co
reported net loss of $2,377,710 for A
weeks ended October 8, compared
with profit of 81, ,169, 1852 in the like
1943 period.
Charles E. Hires Co. earned $751;.
301 or $1.81 in IL months ended Sep.
tember 80 VS.. $797 ,845 or $191 in the
previous year.
General Outdoor Advertising Co
net for the September quarter wa!
$200, ,389 or Is cents VS.. $305 ,240 or q
cents on fewer shares a year ago.
National Tube Co. will install
more by-product coke batteries a.
Lorraine, o., lifting coke making ca.
pacity of that plant to 1850, 900 ton.
annually.
Stewart warner Corp. must pay
$225 900 damages to Refrigerator
Patents Corp. and $4,000 to Pottel
Refrigerator Corp, both of Buffalo
for patent infringement, a Fedora
Court jury decided at Chicago.
Delaware, Lackawanna g. Western
Railroad was authorized by the ICC
to merge the Utica, Chenango &
Susquehanna Valley Railroad, Q
leased line.
Bankers Trust Co. of New York
stockholders will vote December II
on a proposed increase in capital
stock from $25,000,000 par value to
$4,000, 600.
Gruen Watch Co. stockholders ap-
proved sale Of 25,000 shares of ~ %
preferred stock Of 500 par value.