Evening star., 1944-01-19
Business Briefs

Electric Power Production in the
week ended January Is totaled A.
539 083 900 kilowatt hours, compared
with 1857 ,959,0OO in the previous
week, and was 148cs above 3952,-
479,000 in the like 1912 period, the
Edison Electric Institute announced
Cotton Spinning Operations in
December were at 1887 of ca
pacity, on a 2-shift, 8O-hour- week
basis, compared with 1253eo in No
vember and 1887 in December
1912. the Census Bureau reported
Spindles in place December 81 to-
tailed 23,342,922 of which 22,596, ,321
were active some time during the
month, compared with 22,923, ,40e
active in December, 1912.
Favorable Bank Conditions were
hailed by Leo T. Crowley, chairman
of the Federal Deposit Insurance
Corp, in report released by Presi-
dent Roosevelt. Mr.. Crowley said
insured banks today are in the
soundest condition they have ever
enjoyed"
AVN thCAu otdtCS VWCI w. dSkcO
the SEC to authorize sale at COM
petitive bidding of S5OO0,OOO first
mortgage bonds, due 1874, and the
sale to commercial banks of S4,-
100000 of "a ca serial notes. Pro-
ceeds will be used to retire 81 ,999, ,0OC
of st. Paul Gas Light Co. SO bonds
assumed by Northern States and due
March /, and $4,O0O,00O of Northern
States notes due February %.
Central Ohio Light & Power Co.
filed a statement with the SEC COW
ering proposed issuance of $4,30O,0OO
of series A 3l2co first mortgage
bonds, due 1874, to be sold at COM
petitive bidding. Proceeds would be
used to redeem $3,981 900 40 series
c bonds at 1863 % and 1894 900
3laeo series D bonds at 1034 %.
r. ]. Reynolds Tobacco Co. earned
Sl8,562,741 or S185 a share on the
combined common and class B
stocks in 1943, compared with $19,-
860,231 or $l98 share in 1912
Sales set new record of $414,263,-
939. compared with $369,212,044 in
1912
Electric Power & Light Corp
earned 9,456 ,205 or s1229 share on
the combined ST and Sc first pre-
ferred stocks, in arrears, in IL
months ended September 30, COM
pared with S7,926067 or 5000 a
share in the preceding period.
United Gas Corp. earned $3.50,
242 or $18.65 share on the ST first
preferred stock in IL months ended
September 30, compared with ST.
789, ,495 or $l731 a share in the pre-
vious year.
Hiram Walker Gooderham &
Worts earned $1,785.441 or $2.28 q
share in Canadian currency for the
quarter ended November 80, COM
pared with $2,594,529 or $340 a share
in the same 1912 period. Directors
voted the regular common dividend
of 81 share, payable March Is tc
holders of record February IL.
Keystone Steel e. Wire Co. earned
$490, ,568 or IS cents a share in three
months ended December 81, COM
pared with $265,354 or IS cents 6
share in the same 1942 period.
Tri-continental Corp. reported ne
assets on December 81 wer equal tt
$179.65 a share on the preferred
and s4.63 share on the common
These figures compared with $l22.0'
and $1.28, respectively, on Decem.
ber 81, 1912, and $17926 and $4.6.
on September 80, 1943.
American Home Products Corp
announced negotiations were com
p1eted for the merger of the IT
year-old food company of P. Duff
Sons, Inc, of Pittsburgh.
aluminium Co. of America an
nounced plans to resume the manu-
facture of aluminium collapsibl
tubes for tooth pastes and phar
maceutical jellies and ointments a
its Edgewater. N. j., plants.