Evening star., 1944-08-16
Business Briefs

Il UNNI III lllC
week ended August II increased to
4,415 .368,000 kilowatt hours. COM
pared with 4,399 ,433 900 in the pre-
vious week and 4,287 1927 900 in the
like l943 week, reported the Edison
Electric Institute.
Demand Deposits of member banks
In 10l leading cities totaled S33, $685.
S32 100000 from week earlier and
1921 100000 below a year ago, the
Federal Reserve Board disclosed.
Cotton Consumption in July to-
tailed 724,l67 bales of lint and 1885,
726 of linters, compared with 8O5,-
735 and 1886 in the previous
month. and 839,868 and l06,64O a
year ago, the Census Bureau an
nounced.
Edward G. Budd Mfg Co. regis
tered with the SEC 10000 shares of
S. cumulative prior preferred stock
redeemable at 500 share. Pro-
ceeds will be used for redemption
of ~ preferred shares.
Ohio Edison Co. asked SEC ap-
proval of reflnancing program to
retire $50 446,000 of 4fo bonds and
1882 shares of IS and IS preferred
stocks. To provide funds, the firm
would sell S30,962 900 of 3O-year
bonds and 10000 shares of new
preferred, borrow S10O0O,O0O from
banks and use 100000 of its cash.
American Telephone & Telegraph
Co. declared the usual quarterly
dividend of 1925 a share, payable
October l6 to holders of record
September Is.
Eastern Air Lines will not apply
to the CAB for route across the
North Atlantic to Europe and Asia,
but is planning postwar expansion
to Central and South America.
B. F. Goodrich Co. earned S5,244,-
308 or 1928 a share in the first half
of 1914, compared with $5.573879
or s349 a year ago.
Chrysler Corp. net for the half
was S12,673,147 or S29l a share VS..
s12,537,350 or S288 in the same l943
period.
Reynolds Metals Co. earned ST.
113,603 or S1.93 a share in the half
VS.. 81 906,348 or $173 year ago.
Melville Shoe Corp. net for the
half was S1,l67.O84 or Sl.O1 VS.. ST.
230,264 or S108 in the same period
last year.
Revere Copper & Brass, Inc,
earned S922,993 or At cents in the
half VS.. S914,434 or as cents a year
ago.
Columbian Carbon Co. net for the
half was S1,667,870 or S3.1O VS.. ST.
5023 or $3.50 in the same 1943 pc
riod.
Warner Bros. Pictures, Inc, earned
$5,048,95l or Sl36 a share in nine
months ended May ~, compared
with S5,7l4,392 or 81 As a year earlier.
American Cyanamid Co. net for
the half was S2,222,659 or 68 cents
share VS.. S2,934 ,167 or SO cents in
the same period last year.
American Airlines. Inc, earned ST.
567,239 or $263 in the June quarter
VS.. Sl,675,l42 or $2.82 in the same
1943 period
Inspiration Consolidated Copper
Co. net for the first half of 1914
was 1891 $40 or 81 cents a share VS..
$1,074.84l or 81 cents year ago.
Union Bag & Paper Co. earned
S795,354 or So cents share in the
half VS.. 1894. .298 or 81 cents in the
same 1943 period
Associated Gas g. Electric Corn
trustees reported net of 1929 1888
for the June quarter VS.. S2,579, ,152
a year ago.
Walworth Co. net for the half was
1871 ,104 or 81 cents VS.. 81 LOAF 1898 or
rs cents in the same 1943 period
American Machine g. Foundry Co.
earned S570,588 or 81 cents in the
half VS.. $602,838 or 60 cents a year
ago.
Cerro de Pasco Copper Corp. an
nounced Harold Kingsmill will re-
sign as president September l and
will be succeeded by Frank M. Rus
sell.