Evening star., 1944-07-19
Business Briefs
Electric Power Production

Electric Power Production in the
week ended July Is rose to 4,377,-
$4,000 kiloWatt hours, compared
with 3.94O854 900 in the preceding
holiday week and Aba l43,0 900 in the
like lo43 week. the Edison Electric
Institute reported,
Demand Deposits of member
banks in l01 leading cities totaled
S32, ,481 100000 on July %, drop of
$4,000 600 from week earlier and
S402 600 900 below a year ago, the
Federal Reserve Board disclosed.
Great Northern Railway was re-
ported considering refunding its
general mortgage bonds, due 1916,
and other debt. which some invest
nent banking quarters estimated
would involve issuance of up to
S100,000000 of new securities. Hal
sey, Stuart & Co. started organiza-
ton of a syndicate to bid on the
issues.
Certain-teed Products Corp. di-
rectors authorized issuance of an
additional 374,660 common shares
to be offered in exchange for 81
prior preference stock on the basis
of 20 shares of common for each
preference share.
Rotary Electric Steel Co. Offering
of 100000 common shares was placed
on the market at Sl3.25 share by
group headed by w. E. Hutton
& Co.
E. l. du POnt de NemOurs & Co.
reported common stock earnings of
S272 share for the first half. COM
pared with $232 in the same 1943
period.
Container Corp of America earned
s1,195.l43 or $1.53 a share in six
months ended June 80, compared
with S633,2l9 or $1O6 a year ago.
Barker Bros. Corp. net for the first
half was S313,291 or $140 a share
vs.. S274,873 or S116 in the same 1943
period.
Chesapeake & Ohio Railway re-
ported net for the first half was
$685. ,781 or Sl80 a share VS.. $15,-
o43,070 or s192 a year ago.
Industrial Rayon Corp. earned
S874,120 or Sl09 a share in six
months ended June 80, compared
with s797849 or $1O5 a year ago.
Caterpillar Tractor Co. earned
S3.669. .2O6 or $195 share in the
first half of 1914, compared with
S3,464925 or S1.84 in the same 1943
period.
Libbey Owens Ford Glass Co. re-
ported net of $3529,348 or S1.38 a
share in six months ended June 30,
compared with ST ,392 .681 or SIS cents
on fewer shares year ago.
Ferro Enamel Corp. net for the
first half was S200,008 or 86 cents a
snare VS.. S152,l33 or IS cents in the
same 1943 period
Bausch & Lomb Optical Co. earned
S411,202 or SO cents a share in six
months ended June 80, compared
with $567,223 or $l.35 in the same
period last year.
New England Telephone & TeIe-
graph Co. reported net of s9,465, ,9O5
or S608 a share in II months ended
June 80 VS.. s9,499, ,7s6 or $611 in the
previous year.
Nickel Plate Railroad net for the
first malt OF 1914 was $3,554, ,7O6 on a
gross of $50.307 ,292, compared with
s4,646,343 on gross of $40 9,668, ,229 a
year ago.
American Stores Co. sales in June
totaled $20,468. .722, a gain of 17.1oa
over S17, ,466.140 a year ago; in six
months. S107,033,891 VS.. $100,570,-
407 a year ago, an increase of 6.4eo
Youngstown Sheet & Tube Co. de-
clared dividends of so cents a COM
mon share, payable September Is to
holders of record August 10. and
sl,37l2 a preferred share, payable
october l to holders of record Sep
tember 9.
Missouri Pacific Railroad would
distribute $30574,095 cash among
senior classes of creditors under a
revised reorganization plan issued
by the ICC. capitalization was
fixed at $500 ,480 900, compared with
1852 ,2eS. 400 in the former plan.