Evening star., 1945-04-18
Business Briefs

Electric Power Consumption rose
to 4,332, 100000 kilowatt hours in the
week ended April IA, compared with
4,321, ,794,OO in the previous week and
4,307, $4,000 in the like 1914 week,
the Edison Electric Institute an
nounced.
Demand Deposits of member banks
in 101 leading cities totaled S38,037, :
100000 on April IL, jump Of $685.
100000 from a week earlier and S4,-
271,000O00 above a year ago, the
Federal Reserve Board reported.
Securities Marketed Today in
cluded: 10000 common shares OF
Bell g. Howell Co. at Is, also 10000
4i4G preferred shares at 1903; 10000
preferred shares of Kendall Co. at
1903; S4,400,000 of York Corp. 3l4 e
bonds at 1922.
American Zinc. Lead e. Smelling
Co. declared a dividend of $1.25 or
S5 prior preferred stock, payable
June /, clearing all arrearages.
Hercules Powder Co. stockholders
will vote June % on proposed
charter change whereby the pre-
ferred dividend rate would be re-
duced from SO to Sc.
United States Hoffman Ma
chinery Corp. declared a common
dividend of 40 cents, payable June
/. The firm paid rs cents at the
end of 1943 and 1914, but officials
said recently dividends might be
placed on a semiannual basis.
Johns Manville Corp. earned ST.
395 ,598 or S164 a share In the first
quarter VS.. S1,451 ,566 or $1.66 in the
same 1914 period.
Caterpillar Tractor Co. net for the
first quarter was $2,l08,835 or Sl.1G
VS. $l,887,805 or ST a year ago.
ed S1069,513 or "a cents in the March
quarter VS.. Sl,285, 1897 or Al cents In
the like 1914 period.
Rheem Mfg. Co. net for the first
quarter was S561,20O or 73 cents VS.
1868 or SIS cents year ago.
Eaton Mfg. Co. earned s976,565, OF
$1.39 in the first quarter VS.. 1925, ,l9l
or S1.35 in the same 1914 period.
Murray Corp. of America profit
for months ended February %, was
S6l3,582 or 64 cents VS.. S722, TBS OF
rs cents year ago.
Texas Pacific Coal e. Oil Co
earned $525,5l9 or SO cents in the
March quarter VS.. $42S,254 or 4s
cents in the same 1914 quarter.
Emerson Radio e. Phonograph Co
net for 13 weeks ended February
was $276,709 or 50 cents before re-
negotiation VS.. S2l5,l79 or 81 cents q
year ago.
Mullins Mfg. Co. earned 1888 SIS
or SIS cents in the March quarter VS.
S287,269 or 43 cents in the same 1914
period.
United Cigar-Whelan Corp. profit
for the first quarter was $3.50, 0,791 VS.
1922, 2,655 year ago.
Superheater Co. earned 1921 $50 II
the March quarter VS.. 1851 ,763 in tht
same period last year.
National Tea Co. net for months
ended March "a was 1922 POI or 8:
cents VS.. $45,879 or 4 cents a yea,
ago.
REQ Motors, Inc, earned 81 1892 go
or s4,16 in 1914 VS.. $87o.927 or $l.8
in 1943.
Garrett & Co. purchased contro
of italian Vineyard Co. for report
ed $5,000,000. The vineyard firm ha
large acreages in California, New
York and North Carolina.
Cavalier Hotel Corp. at Norfoll
will sell the well known hotel ther
for 100000 to a group includin,
Sidney Banks, Fred Watkins ant
State Senator Y. M. Hodges i
holders of two-thirds of the pre-
ferred stock approve.
General Water Gas g. Electric c.
notified the SEC it plans to redeem
67,957 shares of So preferred stocl
at 521z plus dividends.
Potomac Edison Co. preferre,
stock exchange offer will be con
adered at an SEC hearing April 81