Evening star., 1945-10-03
Business Briefs

LiCSAiC IOWcT Consumption rose
to 4,038 ,542 900 kilowatt hours in the
week ended September % VS.. 4,018,-
$4,000 III the preceding week, but
remained 7.59o below 1855, ,907 600 in
the like 1914 week, the Edison Elec-
trio Institute reported.
Demand Deposits of member
banks in 101 leading cities totaled
100000 on September 26. a
drop of S200,000,000 from week
earlier, but S3,382, 100000 above a
year ago, the Federal Reserve Board
announced. 81
Retail Store Sales in 3 months
ended September 80 were so above
a year ago, but go below peak VOL
ume OF the first 1945 quarter, the
Commerce Department estimated.
August sales were So above a year
ago.
Pulpwood Receipts of domestic
mills in August totaled 1885 1863
rough cords VS.. $3.50, ,423 in July and
l,754,806 year ago, the WPB dis
closed.
Consolidated Grocers Corp. offer
ing Of $6,000O00 15-year 31a % de-
bentures, 10000 shares of SO cumu-
lative preferred stock and 100000
common shares was marketed at lOl
plus interest, $102 a share and S17.25
a share, respectively.
International Telephone g. Teie-
graph Co. is negotiating with bank
group headed by the National City
Bank for 21a % loan of $4,000, 900
to help finance retirement of So
debentures of 1855 at los.
DevOe & Reynolds Co. stock
holders approved stock splitup of
class A stock on the basis of 81
shares of new $3.50 par A stock for
each class A share now held.
Peter Fox Brewing Co. plans to
. exchange 10000 shares of capital
stock for common of Fox De Luxe
Brewing Co. at the rate of 8 shares
OF the former for each 10 of the lat
ter.
Wilson & Co. stockholders were
told the recapitalization plan has
peen postponed indefinitely because
directors believe it is not the most
advantageous time to make an ex-
change offer and complete financ-
ing.
st. LOuiS-San Francisco Railway
trustees asked Federal Court at st.
Louis for authority to spend 1921. :
1884 for new equipment, including 3
new diesel streamliners.
Wisconsin Power g. Light Co. reg
fstered with the SEC 10000 shares
OF 500 par value cumulative Az Oh
preferred stock to be offered in ex-
change for Sc and ia preferred
shares
Chase National Bank earnings for
. months ended September %
equaled $3.50 share VS.. S2.15 a
year ago. The latest profit included
Sl.13 share from sale of securi-
tles VS.. 80 cents a year ago.
National City Bank profit for 9
mor.ths ended September 80 was
equal to $209 a share VS.. s1.e3 in
the same 1914 period, excluding sale
Of securities.
Gulf Coast Lines net income for
8 months ended August 81 was
S2,2l4,846 VS.. $3,178,974 in the same
1944 period.
5 Eastern Air Lines carried $4,000
revenue passengers in September
VS.. $4,000 year ago. Passenger
revenues were 45go above a year
ago, despite new low fares.
Missouri Pacific Railroad earned
Sl0,132, ,476 in months ended Au-
gust 81 VS.. s10.814.541 a year ago.
Caterpillar Tractor Co. was
awarded an Oscar of Industry by
the magazine Financial World for
the best corporate annual report
in 1914. Second-place trophy was
awarded to the Chesapeake & Ohio
Railroad.
Cities Service Power g. Light Co.
asked SEC permission to- reduce
annual interest from 2s4e5 to 11a'%
on the, $3,000,0 900 balance of series
A bank loan notes, effective Sep
ssnber Is.