Evening star., 1944-10-18
Business Briefs

Electric Power Production declined
to 4354.575 900 kilowatt hours in the
week ended October IA, compared
with 4.375 ,079,000 in the previous
week and 1882 ,260 900 in the like
1943 period, reported the Edison
Electric Institute.
Demand Deposits of member
banks in 101 leading cities totaled
S35, 800 100000 on October II, a gain
of S507, 100000 from a week earlier
and S5,148 900, 900 above a year ago,
the Federal Reserve Board dis
closed.
Philadelphia Electric Co. awarded
sl30000,000 of 2a4% bonds to a
group headed jointly by Mellon Sc
curities Corp. and First Boston
Corp. on a bid of 99.44888cc for $685.
100000 maturing in 1867 and
a8.94888oc for an equal amount
maturing in 1874.
Wabash Railroad Co. rejected a
bid of 1000555 submitted by Kuhn
Loen & Co. and associates for Sat-
100000 of 3a4 q bonds.
Commonwealth & Edison Co. Of
fering of S155, 100000 81 bonds
series L. was oversubscribed at lO4 4
and in late trading today was quot
ed l047s bid and 1856 asked, an
nounced the offering syndicate
headed by Halsey, Stuart e. Co.
Johns -Manville Corp. earned ST.
2l7317 or Sl43 a share in the Sep
tember quarter, compared with
S1046, ,607 or Sill in the same period
last year.
Pullman Co. reported net income
of S4.3847 767 for 8 months ended
August 81 VS.. $3,996,613 a year ago.
August net was S769,854 VS.. $6l2 ,720.
Howe Sound Co. earned S573 1853 or
sl24 share in months ended Sep
tember 30, compared with $1,072, asa
or S2.32 year ago.
L. A. Young Spring & Wire Corp.
net for II months ended July 81 was
Sl.002,7 1913 or S245 a share VS.. S827.-
727 or s2O3 in the previous year.
Keystone Steel & Wire Co. profit
for 3 months ended September 80
was 1906, ,45l or 40 cents a share VS..
1896 l52 or 81 cents year ago
Pennsylvania Dixie Cement Corp.
reported net loss of S1O8,737 for Il
months ended September 80 VS..
profit of 1854 699 in the preceding
year.
Detroit Edison Co. net for II
months ended September 80 was
s6.800.766 or S138 VS.. $8.428,635 or
ST l32 in the previous year
Reliable Stores Corp. and subSid-
iaries, exclusive of the firms share
of Frank Corp. profits, earned $780,
800 or S249 a share in II months
ended September 80, compared with
1912, ,657 or $2.82 in the previous year
Sutherland Paper Co. net for
months ended September 80 wa:
$685. 1856 or SLIT share VS.. S544 ,32(
or S189 in the same 1943 period.
EX4cell-o Corp. profit for month:
ended August 81 was sl,440,698 ol
1851 a share VS.. 81 SOC, ,265 or $40.
a year ago
Libby Owens Ford Glass Co
earned S5,513,7l9 or $2.16 a share il
9 months ended September 80, com.
pared with S2,787,7 ,795 or $i.10 in the
same l943 period.
W. A. Sheaffer Pen Co. net for
months ended August 81 was $502,.
659 or 1914 share VS.. $536,26 ol
1888 a year ago.
Mullins Mfg. Co. earned 1904 20,
or 1888 a year ago.
Mullins Mfg. Co. earned 1904 ,20t
or sl,38 a share in months ended
September 30. compared with $429,'
335 or 81 cents in the same 1874;
months.
Paramount Pictures Corp. Dor.
rowed S6000,000 from New Yorl
banks and advanced it's subsidiary
Paramount Broadway Corp, fund.
to retire $5,600,O00 of go bonds.
Doehler Die Casting Co. directors
approved purchase of w. B. Jarvis
Co. through an exchange of stock.
Missouri Pacific Railroad was
authorized by Federal Court at ST
Louis to pay $ls.l94 $50 accrued in.
terest on three bond issues of itseli
aTS subsidiaries.