Evening star., 1944-08-23
Business Briefs

Electric Power Production rose to
4.45l ,076,000 kiloWatt- in the
week ended August l9, compared
with 4,4l5 ,368.000 in the previous
week and 4,264,824OO0 in the like
1943 week, reported the Edison E!ec-
trio Institute
Demand Deposits of member banks
in 10l leading cities totaled $33 =
894000,0 900 on August Is, an increase
of 1929 100000 from a week earlier
but $4l7,000000 below year ago
the Federal Reserve Board disclosed
National Cylinder Gas Co. offer
Ing Of $4,000 shares of Az $100 par
cumulative preferred stock was mar
keted at 500 share by a group
headed by Paine, Webber, Jackson
& Curtis and F. S. Moseley e. Co
Proceeds will be used for expansion
Chicago Union Station received a
high bid of l00.639 on 27soo basis
for s37.80O.00O bonds from Kuhn
Loeb & Co. Subject to formal
award. the bonds were reoffered at
101H.
Tom Moore Distillery stock was
ordered removed from the Baltimore
Stock Exchange. effective August 20,
after stockholders approved merger
with Churchill Distilling Co.
Mississippi Power & Light Co. in
vited investment bankers to bid on
a new issue of S12,000,0O0 first mort
gage bonds to be sold on August %.
Vacuum Oil Co. put into
operation at Paulsboro, N. j.. the
first refinery east of the Rocky
Mountains to use the magic bead
catalyst in manufacturing high
octane gasoline.
American Central Mfg. Co. has
signed a contract to build rostwar
model Jeep bodies for whatsoever
land as soon as WPB releases ina
terials.
Oliver Farm Equipment Co. was
reported negotiating with Cleveland
Tractor Co. for merger of The two
firms.
Sunray Oil Corp. has ACQUIRED
1855 shares of its own preferred
stock. or half the outstanding
amount, at $40 a share.
) Safeway Stores announced pur-
chase of Ell Paso Packing Co. E.
2aso, Tex. and Acme Packing &
Provision Co. of Seattle, Wash.
Baltimore & Ohio Railroad or.
dered 1,700 new freight cars at 6
cost of around $5,250,0O0,
r. H. Macy e. Co. declared a com
mon dividend of SO cents a share
payable October to holders of rec
ord September 8, and another OF
40 cents, payable January 2, 1945
to holders of record December 8.
McKessOn & Robbins declared
two regular quarterly dividends o1
IS cents each on common stock, one
payable September Is to holders o.
record September /, and the seconc
payable December Is to holders OF
record December d. They will lift
1914 payments to $l35 VS.. s1.15 ir
1943.
Duauesne Light Co. earned So.
432.448 or $42l a share in IL month:
ended June 30. compared with
$l1,004,455 or SAT- in the previous
year. Net for six months ended
the same date was $5,465 1892 or So.
VS.. $5,581,887 or $227 in the same
1943 period.
i 10TlOCk dChIHS W. Ilct lOT LIlt
first half of 1914 was 1899, 9,583 OF
$190 a share VS.. $405 1868 or $2.1:
q year ago.
Commonwealth & Southern Corp
earned $7,093 1886 or S473 a preferred
share in 7 months ended July 81
compared with $7.928.737 or $5.35 q
preferred share in the same 1874:
period
Norfolk e. Western Railway re.
ported net income of $l2.9O9, ,259 OF
1881 a share in 7 months endec
July 81, compared with $l2.480, ,79S
or $3.50 in the same period last year
Rustless Iron e. Steel Corp. ap.
pointed Peter B. Kline manager ot
eastern sales and Thomas L. Moore
manager of western sales.