Evening star., 1945-02-07
Business Briefs
Bwer Consumption de-

Electric bwer Consumption de-
clined to 4,538, $50 900 kilowatt hours
inthe week ended February 3, COM
pared with 4.576, ,713 900 in the pre-
vious week, but remained slightly
above 4,524134,000 in the like 1944
week, the Edison Electric Institute
announced.
Demand Deposits of member
banks in 101 leading cities totaleo
S36, 6,076,000 January 81, a gain Of
$50 900, 900 from a week earlier anc
a, ,203 ,000,0 900 above a year ago, tht
Federal Reserve Board reported.
Net Railway Operating Income O.
class lines sank to 81, LOG ,531 $40, {
drop of 1850 from the previou.
year, due largely to higher wage.
and rising supply prices, the Asso.
clAtion Of American Railroads dis.
closed.
Short Position on the New Yorl
Stock Exchange at the end of Jan
lary totaled 1,475,44 shares VS.. L.
390,713 on December 20. Several rail
roads and utility companies ac.
counted for most of the increase.
Stainless Steel Hosiery may com.
pete with nylons after the war, sale
Walter Tower, president of the
American Iron & Steel Institute
Stainless steel wire comparable tC
silkor nylon is already being pro.
drcd by some companies, he re.
veaAsd.
Sboard Railway Reorganization
Cd3nittee announced more than
75% of securities owned by the pub
licss have been deposited under the
plan.
Collins e. Aikman directors voted
to redeem 109o. or 3,576 shares of the
5eo convertible preferred stock by
lot on May 10 at $11096 share.
Diana Stores Corp. registered with
the SEC 10000 common stock pur-
chase warrants and 10000 shares of
81 par value common stock issuable
under the warrants. Shares will be
offered at 81 share to provide ad-
ditional working capital.
Consolidated Paper Co. profit for
1914 was s1,072,10l or SLAB VS.. ST.
.~22,D48 or $163 in the previous year.
G1GAl AClCHAlUuC w. Vi SdlldOd
earned SIS 1866 1855 or s6.98 canadian
money! in 1914 VS.. S., 1856 ,808 or $685.
ns1e43
Illinois Central Railroad net was
l7,3S5. SIG or $l198 in 1914 VS.. $685.
29.l22 or S17.68 IN the previous year
E. w. Woolworth Co. sales for
.'an1ary totaled $31 ,476 6,258, an In
,rease Of Z per cent over the same
-34x month.
st. Paul Engineering & Mfg. Co
iube taken over by Ralph Maxson
anton (Ohio) industrialist, who
1r1ounced purchase of 95 per cent o.
.ls firms common for 81 ,0O0, 600.
Pafker PEN Co. declared q regular
ivtdend Of so cents q common share
nd an extra of SO cents, payable or
before February "a.
DrAni6 Airways declared divi-
nd Of Is cents a common share
-,yAble February 28, covering the
: It 1914 quarter and raising the
sr's total Z, 80 cents a;sshare.
CuShman's Sons, Inc, declared 9
artery dividend Of SITS on the
q preferred stock payable March l
Park & Tilford, Inc, its president
David A. Schultz, and two stock ex.
change firms. Ira Haupt &. Co. anc
Strauss Phillips g. Co., were namec
defendants in a suit brought by II
stockholders in Federal Court al
New York. The suit charged con-
spithey In the circulation of mis-.
leading statements that the firn
planned a whisky dividend anc
sought recovery Of $110,601.
Corning Glass Co. announced 9
pension plan for more than 5,00t
employees, with the entire cost to bs
paid by the company.
Louisville Gas & Electric Co. Of
Delaware plan for liquidation vii
be considered 1t an SEC hearing
March IA.