Evening star., 1945-05-23
Business Briefs

Electric Power Consumption rose
TO 4.37722l,00 kilowatt hours in
the week ended May 19 VS.. 4,302.-
38l 900 in the preceding week and
was $40 above 4.245. $4,000 in the
like period last year, the Edison
Electric Institute disclosed.
Demand Deposits of member
banks in 10 Heading cities climbed
to a new high of S39 .9OO,O 900 900 on
May is, gain Of S41O.000.00O from
week earlier and S4.53O 900 .OOC
above A year ago. the Federal Re-
serve Board reported.
Westinghouse Electric e. Mfg. Co,
reported about $1,000 900 of war
contracts were Cancelled in the first
Two weeks of May. Under recon-
version plans. electric irons will be
produced first. Radio sets will be-
gin leaving assembly lines two or
three months after authorization
and retrlgeratOrS within five or six
months
North American Co awarded 700,
900 shares of Pacific Gas & Electric
Co. to Blyth & Co. on a bid of S36, ,761
share. A secondary offering of the
shares was planned at S38 .25 a share
Texas Power & Light Co. offerine
of S26,600,000 first mortgage %. n
bonds was marketed by a grolIr
headed by First Boston Corp. at lOoa,
plus accrued interest.
Chesapeake &, Ohio Railway de-
rlared regular cash dividend of Is
cents and special dividend PAYABLE
IN PlttSton Co. common at the rate
OF l share for each 40 shares of C. &
O.. Net for 4 months ended April
30 was So 684277 or $1.l3 a share VS.
S9,l99,4l9 or Sl20 in the same l944
period.
Creole Petroleum Corp. earned
Sl8025 ,802 or SO cents a share in the
March quarter VS.. $14 1862 ,299 or Sd
cents year ago.
American Cyanamid Co. profit for
The March quarter was 81. .463 .063 or
~ cents VS.. 81 ,445 ,626 or Sd cents in
the same period last year.
Twin Coach Co. earned Sl68. 900 or
Rs cents in the quarter VS.. s143,82
or 30 cents year ago.
Fl0rSheim Shoe Co. net for s
months ended April 80 was S5O3. .735
or $l.26 on class A stock VS. S5O2 ST.
or SIPS on class A stock in the same
1914 period
United States Leather Co. earned
$500 1863 or STAG on class stock in
six months ended April 80 VS.. 1856, =
l25 or S1.15 on class A stock d yeal
ago.
l.. A. Young Spring & Wire Corp
profit for nine months ended April
20 was S784325 or 1892 common
share VS.. 1851 ,925 or S2ll year
earlier.
United Merchant e. Manufac-
turers, Inc. declared an extra divi-
dend of 30 cents and a regular
quarterly dividend of 30 cents 2
common shares, both payable June
13.
ZOnite Products Corp. declared q
dividend of 25 cents share. pay-
able June 20. The firm paid Il
cents last July and 20 cents in De-
cember.
Pennsylvania Central Airlines will
start New York-to-C Chicago anc
New York Birmingham service
July 2.
Shttaso, "hWdukee, 81 faul q
Pacific Railroad bondholders viii
receive s52,03S.036 under a Fedora
court order at Chicago approving
the ICC ruling for distribution oi
the bankrupt roads funds. Distri-
nution will start June l.
state of South Carolina awarded
s4,000,000 of 10 highway certificates
to National City Bank of New York
and associates on a bid of 100.07.
United Corp. was told by the SEC
that its plan to exchange 2 shares
of Delaware Power & Light Co
common for each share of its own
So preference stock would be ap-
proved if United would increase
from SIS to Sc the cash allowance
accompanying the offer.
American Ice Co. elected Peter A
Buehrman president to succeed
Charles c. Small. who became board
ehcyman.