Evening star., 1944-12-28
Business Briefs

Electric Power Consumption set
an all-time record of 4,616,975 900
kiloWatt hours in the week ended
December % and compared with
1853 079 900 in the previous week
and 4.2e5 100000 in the like 1943
week, the Edison Electric Institute
announced.
Bank Clearings in "a leading cities
declined sharply to S9.816,231 900 in
the week ended December 81. COM
pared with $4,000 in the
previous week, but were well above
S8,936 ,435 900 in the corresponding
week last year, reported Dun &
Bradstreet, Inc.
Output of the Radio Industry in
1914 climbed 20cs above 1943 levels
in terms of dollars, but the gain
was even greater in physical terms
because of price cuts on war con-
tracts, said President John Ballan-
tyne of Philco Corp.
Westinghouse Electric & Mfg. Co
stockholders will vote April II on g
proposed 4-for-1 splitup in both
common and preferred stocks. Di-
rectors approved the plan intended
to broaded distribution of the shares
Genii Corp. registered with the
SEC l 1868 common shares to be solo
at S100 share to increase working
capital.
New York, Chicago & st. Louis
Railroad was authorized by the ICC
to issue S42 100000 of 334eo series D
refunding mortgage bonds to be sold
at 100529 and accrued interest.
United Merchants & Manufac-
turers, Inc, stockholders will vote
February IA on a proposed increase
in authorized common stock from
100000 to 100000 shares. A stock
dividend of 100000 shares would be
declared at the rate of one for each
share now held.
Dresser Industries, Inc, estimated
earnings for IL months ended Octo-
Der 81 were $1656,000 or S473 a
share VS.. S1.851 900 or $3.50 in the
previous year.
American Distilling Co. net for IL
months ended September 80 was
s776,428 or S3.10 VS.. 1888 1874 or
S5.01 in the preceding fiscal period.
Western Tablet & Stationery
Corp. earned $624,986 or $3.50 in 12
months ended October 81 VS.. $500, ,7S7
or $500 in the previous year.
New York, New Haven & Hartford
Railroad net income for II months
ended November 80 was $12,415 SIG
VS.. S22,937 407 in the like 1943
period. Gross was $167 ,413, ,223 vs.
$164, ,468,871 a year ago.
Southern Pacific Railroad set new
freight and passenger records In
1914, but earnings were less than
half 1912 marks, President A. T
Mercier reported.
Wisconsin Central Railway reor-
ganization plan was submitted to the
ICC by a bondholders committee
capitalization would be 48,127 100, a
cut of 1906, $780,
Celanese Corp. purchase of @
acres of Grassy Sprain golf course
for $4,000 was approved by the COM
mon council of YonkerS, N, Y. The
firm will build a S1,O00,O0O central
research laboratory.
Schenley Distillers Corp. acquired
full ownership of Louisville Cooper
age Co. by purchase of 90,997 more
common shares. 1t .already owned
1926.
American Encaustic Thing Co
stockholders will vote January % on
proposed sale of the Perth Amboy
N. j., plant for S250,0O0. Operations
are being concentrated at Lansdale
Pa
Air Reduction Co. elected Keith
Stratton McHugh a director. He is
vice president of AT. & T.
Universal Oil Products Co. elected
four directors: Thomas w. Bowers.
Guy E. Reed, Ralph S. Harris and
Kenneth H. Rockey.
Borg Warner Corp. appointed Paul
H. Puffer as vice president in charge
OF employe and public relations of
Its Norge Division.