Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-10-11
Business Briefs
Electric Power Consumption rose

Electric Power Consumption rose
to 4,375, 079 900 kilowatt hours in the
week ended october 7, compared
with 1855, 9o7 900 in the preceding
week and 4,341, 754,000 in the like
1943 period, reported the Edison
Electric Institution.
Demand Deposits of member
banks in 101 leading cities totaled
S35 1888 900 900 on october 4, a drop
of S52,000000 from a week earlier,
but $5,061 10000 above a year ago,
the Federal Reserve Board dis
closed.
Tubize Rayon Corp. registered
with the SEC 10000 shares of $100
par value preferred stock. Proceeds
will be used to redeem 81, 450 900 of
312To debentures at 1881 and IL, 1895
shares of TO preferred stock at $110
a share, and add to general funds.
Underwriters are Kidder, Peabody
& Co. and Union Securities Corp.
Pittsburgh, Cincinnati, Chicago &
St. Louis Railroad Co. offering of
S23,735, 900 series E 33s% bonds was
marketed by Kidder. Peabody & Co.
and associates at 102. Cleveland &
Pittsburgh Railroad Co. issue of
S11,00o,0oO go bonds, which was
awarded yesterday to Auchincloss,
Parker & Redpath will be placed
privately, it was indicated.
Dow Chemical Co. and subsidiaries
earned $2,229, 700 or $1.54 share in
three months ended August 81 VS..
S1,649,151 or SIPS a year ago.
United Corp. of Delaware reported
net profit of $1,033,755 or Al cents
a share in months ended Septem-
Der 30, compared with 81 ,038 ,632 or
AZ cents in the same 1943 period.
E. r. Squibb & Sons earned So
389,716 or $4.01 a share in IL months
ended June 80, compared with ST.
455,388 or $481 in the previous year.
New York Air Brake Co. net for 8
months ended September 80 was
S742 500 or $2.87 a share VS.. 1898 BOT
or s267 in the like 1943 period.
r. G. lie Tourneau, Inc, earned
S1,093 ,507 or $2.29 a share in 6
months ended June &c., compared
with $1,139.116 or $3.50 year ago.
r. H. Macy g. Co. profit for IL
months ended July 81 was $4,118,810
or $2.49 a share VS.. So, 546,776 or $2.14
in the previous year.
Western Union Telegraph Co.
earned $4,768,843 or 1892 a share on
class A stock in 8 months ended
August 81, compared with $4,734 1902
or. $4.53 on old capital stock a
year ago.
North American Rayon Corp. net
for So weeks ended September 8 was
S1,150,966 or $2.12 share VS.. $1,156,-
1863 or $2.13 in the like 1943 period.
Marine Midland Corp. earned So,
3l0551 or So cents a share in
months ended September 80, COM
pared with $1,000, IA or 81 cents a
year ago.
Engineers Public Service Co. and
subsidiaries reported net income OF
S6,233,602 or $500 a share in IL
months ended August 81 VS.. IS 49,
LOG or $155 in the preceding year.
j. c. Penney Co. sales for Sep
tember totaled $47, 624,713, a gain OF
1922 over a year ago; for 8 months
1856, $40 1895, an increase Of 1867.
S. HI. Kress g. Co. sales for Sep
TENDER were $10,215, 765, q gain Of
8.9% per cent over year ago; for 8
months, $87 PAS, 468, an increase Of
3.8%.
Bond Stores, Inc, sales for Sep.
TENDER totaled $4,740 1873, an in
crease of 31qo over year ago; for
months, $33, 460,712, a gain of 1857
Cupboard Marine b Mfg. Co. de.
clared a dividend Of rs cents 8
common share, payable November
Is to holders Of record November
Previous payment was so cents II
August.
General Motors Corp. announced
its Packard Electric Division had
drafted $500 900 postwar expan-
sion program.
PennIoil Co. was authorized By
the WPB to construct $l.400, 00(
aifition at on City. Pa