Evening star., 1944-12-27
! |sBusinessB Briefs

Demand Deposits of member
banks in 101 leading cities totaled
$35l04, 600 900 on December 20,
droE of $1,000 900 from a week
earlier, but. s9l9, 900 900 above a
year ago. the Federal Reserve Board
reported. Government deposits in
creased 1878. 1000, 900 in the latest
week.
November Strikes cost 10000
man-days of idleness, compared with
100000 in October and 2862,607 in
November. 1943, the Bureau of Labor
Statistics announced.
North American Airport Corp, a
subsidiary of Gulf Oil, was awarded
the concession to operate the new
$4,000 900 airport near Purchase. N
Y, by the Westchester County
BoSrd. The firm will spend 1888,
400: on hangers.
Aerovox Corp. was sold to a grouI
Of industrialists headed by w. Myron
Owen, vice president of Detroi
Harvester Co.
Weatherhead Co. of CLEVELAND
registered with the SEC 20O,0Ot
shares of cumulative preferred stocl
to finance payment of 81 900 .00l
notes to banks and add to genera
funds. ;s,
Nebraska Power Co. common stock
was transferred by American Power
6 Eight Co. to nonprofit company
formed by Omaha residents. Amer
ican received s14421 900 for the
shares.
United Fruit Co. asked the CAB
permission to withdraw its applica-
ton for air routes between New Or
leans and Caribbean points
Bnrlingt ton Mills Corp earned So
934 930 or S4.20 share in II months
ended September 80 VS.. S3,778, ,456
or 1897 in the previous year.
Champion Paper g. Fibre Co. net
for s28 weeks ended November IL
was 81 ,072 ,937 or s128 VS.. s1,198 ,221
or 81 66.in the like 1943 period.
Chain Belt Co. profit for IL
months ended October 81 was $685.
969 @or $170 VS.. 1868 ,625 or SLIT in
theSprevious year.
New York Central Railroad Sys-
tenn earned $33,652 900 OF $5.22 in
II months ended November 80 VS..
$54,574,l82 or $8.46 a year ago.
Southern Pacific System net for II
months was SAT 1893, ,349 VS.. $76, ,483,-
287 in the same l943 period
Western Maryland Railway net
for II months was s3,656,137 OF
$2061 on first preferred stock VS.
$4,481 ,098 or s25.26 on the first pre-
ferred In the same 1943 period.
Niagara Share Corp. of Maryland
stockholders will vote January IL
on . proposed change in capital
structure to permit issuance of
new Az 20 preferred to replace out
standing 60 preferred stock
National City Bank of New York
declared a dividend of IS cents a
share, payable February l. Pre-
vious semiannual dividends were
so cents.
Philco Corp. will start production
OF household freezer units for proc
essing and preserving frozen foods
as soon as war conditions permit.
Goodyear Tire & Rubber Co. has
developed a new synthetic resin,
which makes synthetic rubber usa-
BILE In many products formerly re-
stricted to natural rubber.
Atlas Corp. acquired an interest in
Societe de Gerance de Radio I'M
perial Of Tangiers, which operates
a radio station in the international
zone at Tangiers.
Elastic Stop Nut Corp. notified
the SEC of the resignation of r.
Miles Warner as director and i'm
pending designations of Harry K.
WeHt as vice president in charge
OF manufacturing on January 81
andSof Walter r. Dreves as vice
presMent and comptroller on
MaHth1 l. ;.
W(Tthington Pump & Machinery
Corp elected Clarence e. Searle
president to succeed Harry c.
BeaIer. who became vice chairman.