Evening star., 1944-06-14
Business Briefs
Electric Power Production r

Electric Power Production rose to
4,264 900 900 kilowatt hours in the
week ended June 10; compared with
4,l44, 100000 in the previous week
and $50 above 4,040,376 900 in the
like 1943 week, reported the Edison
Electric Institute. Z. i
Demand Deposits in banks of 101
leading cities totaled $50, ,879, ,000, 900
on June z, an increase og $67I, 900, :
600 from a week earlier and $4,818,-
000, 900 above q year ago, the Fed
eral Reserve Board disclosed.
Cotton Consumption in May
totaled. 831 ,889 bales of lint and
120,83l bales Of linters, compared
with 902 ,301 and 90, ,586 year ago
the Census Bureau disclosed. Con-
sumption in 10 months ended May
81 was 8,412,16 and l,106,706 VS.
9,341. .781 and 1,096, ,952 a year ago.
Piano Makers Have Lost Contracts
for wooden plane parts, and as ma.
terials for pianos are not available
at least 800 of plant capacity will
be idle in the immediate future, sale
George Stapley, president of the
Piano Manufacturers Association.
Greyhound Corp. earned 5000, ,65s
or "a cents share in the March
quarter, compared with $l,941 ,405 OF
SO cents in the same 1943 period.
Arundel Corp. reported net income
Of $170,765, before income taxes, in
fiye months ended May 81. compared
with $782,5I5 in the same period a
year ago.
New England Power Association
earned 81, ,127,9 or $1.70 share on
the $6 preferred in the March quar-
ter. compared with $1,064,5 or
81.61 a preferred share in the same
1943 period.
City Ice & Fuel Co. will redeem
its 1888 preferred shares on Sep
tember at sl06.621a a share.
Z. 6. Budd Mfg. Co. was notified
by the Navy. of a further cutback
in its contract for cargo planes, leav-
ing only Is units to be produced
Army contracts are expected tc
avert a layoff Of several Thousand
workers
New York State Natural Gas Co
plan to issue 10000 shares of sl0t
par capital stock to Consolidated
Natural Gas Co. for $1,000 900 cash
was approved by SEC.
FL Paso Natural Gas Co. stock.
holders authorized issuance of ST..
100000 additional bonds to finance
war construction.
Community Gas e. Power Co. plar
to sell all common stock of st. Au-
gustine Gas Co. to H. Hansell Lill-
yer OF st. Louis for a base price OF
100000 was approved by the SEC
Goodyear Tire g. Rubber Co
awarded the contract for construc.
ton OF fabric manufacturing plant
at Decatur, Ala, to Rust Engineer.
ing Co, The building will cost near.
ly 100000.
Consolidated Vultee Aircraft Corp
declared a quarterly dividend OF 81
cents a common share, payable Au.
gust Is to holders of record August
7, and dividend of 31A cents or
the preferred payable September
TO holders of record August 18
Maryland Trust Co. declared &
semiannual dividend of 60 cents {
share, payable June 80 to holder,
Of record June %.
American Brake Shoe Il Foundr,
60. declared a dividend of Is cent
and an extra Of Is cents a common
share, payable June 80 to holders o
record June %. On March 81 al
extra OF 10 cents paid
Baltimore Stock EXCHANGE direc
fors reelected J. Dorsey Brown vic
president and F. Granger Marbur,
treasurer. Howard T. Taylor wa.
fe-elected president at the annua
meeting
Saturday Evening Post name,
Glenn Gundell advertising and pro
motion manager.
Doremus e. Co. elected John r
Broderick vice president. He wa
with the Wall Street journal for
merly and was director Of publicit,
fog the second war loan drive.