Evening star., 1944-07-26
" Business Briefs

Electric Power Production rose to
4,380,930,000 kiloWatt hours in the
week ended July %, compared with
4377, $4,000 in the previous week
and 4,l96,357000 in the like 1943
week, reported the Edison Electric
Institute
Demand Deposits of banks in l01
leading cities totaled S32,945 ,00O, 900
on July 10. a gain of S464, 100000
from a week earlier, but SAL 000,-
600 below year ago.
A S23,750,000 Secondary Offering
Of oil shares owned by Rockefeller
interests will be marketed tomorrow
through Dillon, Read & Co. 1t in
cludes 100000 shares of Socony-
Vacuum, 100000 of Standard Oil
New Jersey, 100000 of Standard
Oil of California and $4,000 of
Standard of Indiana.
Union Electric Co. of Missouri was
authorized conditionally by the
FPC to buy virtually all electric
facilities of Laclede Power & Light
Co. and Laclede Gas Light Co.
Westinghouse Electric & Mfg. Co.
reported net of Sl0,470701 or 1927
a share IN the first half compared
with $9,039,888 or S282 year ago
Firm has agreed to refund S. 055, 1865
to the Government on 1943 business
The years profits will be cut 1888. 1872
to S21 .401 .568 or S667 VS.. SIT 1866, ,841
or S54 in 1912.
International Business Machines
Corp. reported net of S4997,6l7 or
S458 a share in the first half VS.
S4953,273 or S476 on fewer shares
in the same 1943 period
National Lead Co. earned S288l,-
028 or 80 cents in the first half VS.
s2248,954 or 40 cents year ago.
Wheeling Steel Corp. net for the
first half was $2061,6l6 or S203 VS.
S229O, ,40l or $2.43 in the same 1945
period.
Commercial Solvents Corp. net for
the first half was Sl,157 ,428 or "a
cents VS.. s1,22O,324 or 46 cents.
United States Steel Corp. earned
1882, ,533 or S227 in the half VS.
s31 ,O86,05 or S212 a year ago.
Atlas Powder Co. net for the first
half was $69451l or $203 share VS.
$751; 012 or S232 a year ago.
Bliss & Laughiin, Inc, earned
s275 907 or s102 in the first half vs.
S354939 or S131 in the same 1943
period.
Lambert Co. net for the half was
s1,147,127 or s153 VS.. s1,l08,738 or
SLAB a year ago.
Victor Chemical Works earned
1928 $50 or 80 cents share in the
T,,, o,-fo
a year ago.
Penick e. Ford. Ltd, Inc, reported
net of $530.350 or 81 A share in the
first half VS.. $532 800 or $l44 in the
same 1943 period
Pittsburgh Screw & Bolt Corp
earned $438,732 or % cents in the
first half VS.. $376,031 or IS cents a
year ago.
American Machine & Metals, Inc.
net for the half was S352,8 or 81 2s
VS.. S300,563 or S1.07 on more shares
in the same 1943 period,
Gillette Safety Razor Co. earned
81, 821 ,141 or Sc cents in the half VS.
Sl,556,339 or 40 cents year ago.
Parmelee Transportation Co. net
for the half was $803, 1858 or Sill VS.
Si2IO52 Or SlOl in the same 1874;
period.
Mengei Co. earned S413,O00 or &c
cents in the half VS.. 1921 900 or 4e
cents year ago.
Arundel Corp. net for the first halt
was S2l7,63 VS.. Sl,089,42 in the
same l943 period.
New York Central Railroad net
for the first half was S18,6l9,372 or
$2.89 share VS.. $32,023,243 or $4.96
a year ago.
Lehigh Valley Railroad net for
the half was sl,755,OS7 VS.. s3,12S,6l6
in the same l943 period.
Adams Express Co. reported net
assets as of June 80 applicable to
common stock of $24 1892, 1859 or 1894
a share VS.. $24.53o, 729 or 1876 a
year ago.