Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-03-28
Business Briefs

Demand Deposits of banks in 1O1
leading cities totaled $32, 1850 900, 00C
on March %, decline of $581 ,00O,-
900 from week earlier, but $780,
100000 above year ago, the Federal
Reserve Board reported.
Crude Oil Production dropped
5038 barrels daily in the week end
ed March Is to an average of 1885,
$50 barrels a day. the Oil & Gas
Journal estimated.
Oklahoma Natural Gas Co. re-
ceived a high bid of 101 .0939 for
S10,000,000 first mortgage bonds, on
a rs basis, from Morgan, STAN
ley & Co. and Smith Barney g. Co.
Another group headed by Stone &
Webster and Blodgett bid highest
for 10000 shares of the firms pre-
ferred stock. Their bid was $5005 a
share on a Az % basis.
National Container Corp. has ar
ranged to sell publicly $4,500,000 OF
SO 15-year sinking fund debentures
due April l, 1859, through syndi-
cate headed by Van Alstyne, Noel &
Co. Offering is expected early in
April.
Elliott Co. offered $4,000 shares OF
$50 par 512 % cumulative stock pub
licly through F. Eberstadt & Co. al
$50 a share. Proceeds will be used
to retire two classes of preferred
stock and for general corporate
purposes.
Douglas Aircraft Co. profits OF
S5,952,257 or 1892 a share in 1874;
amounted to only SO on a volume
of 1887 ,687,196, reported President
Donald Douglas. Although volume
was double the 1912 record, profits
were well below $9,229,62O or SIS IS
share earned in the preceding year
Crane Co. earned 5000 1882 OF
S2,53 a share in 1943, compared with
$4,824,603 or 81 "a originally report.
ed for 1912, but later reduced by re.
negotiation to $3,962,927.
PanAmerican Petroleum g. Trans
port Co. earned $4,3oS ,254 or 90 cent
a share in 1943, compared with
S4,047,1 1877 or SO cents in 1912.
Otis Elevator Co. earned S2,498. 40
or $1.05 a share in 1943, compared
with S2,573,030 or $1.09 in 1912.
III. L. Green Co. net for II months
ended January 81 was 1925, 248 Oh
S3,78 a share VS.. $2,162,457 or $685.
in the preceding year.
Duquesne Light Co. earned $1O.-
7l7,283 or S4.34 in 1943 VS.. $11 ,232, 04e
or S4.58 in 1912.
Engineers Public Service Co. and
subsidiaries earned S5,615,698 OF
SITS a share in IL months ended
January 81, compared with S4,l93,-
755 or Sl0l in the previous year.
Virginia Electric G. Power Co. net
for II months ended January 81 was
S4,538,030 VS.. S3,856,377 in the pre-
ceding period.
United Light & Railways Co. and
subsidiaries earned $5,913,44O in
l943 VS.. $8,O61 1905 in 1912. The par
ent company alone reported net of
S3,374,785 VS.. $3,061 ,445.
Monarch Machine Tool Co. re-
ported 1943 net of $8O4, 648 or S383
a share against $1,1O6,030 or S5.27 q
share in 1912.
Universal Pictures Co. net for /;
weeks ended January was 1.214 O01
VS.. sl,225,1S6 in the like period a
year ago.
General Precision Equipment Corp
earned $685. 07 or S2.14 a share Ii
1913, compared with s1,265,518 OF
$2.16 in 1912.
Barber Asphalt Co. net for 1915
was 1868, 1877 or $17O share against
net loss of $3l1,1 in 1912.
William Wrigley, Jr., Co. stock.
holders received the resignation O.
Philip K. Wrigley as president. HI
will be succeeded by James c. Cox
first vice president and treasurer
but will remain as a director.
Aviation Corp. stockholders re-
elected II directors. Arthur YOUNG
& Go. was elected auditor.