Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-02-28
Business Briefs

at work and the amount and quality
Of food, clothing, shelter and services
that the citizen can buy for his dol
lar is steadily declining, President
w. Randolph Burgess of the Amer
lean Bankers Association told the
Senate Banking Committee.
Electric Power Consumption rose
to S4,473, 1862 900 kilowatt hours in
the week ended February "a, COM
pared with 4,472 ,298, 900 In the pre-
vious week and 4,444, $3.50 900 in the
like 1914 week, the Edison Electric
Institute announced.
Demand Deposits of member banks
in 101 leading cities totaled $50 631-
600 900 on February 81, a jump of
$685., 900 900 from week earlier and
$4,735, 900, 900 above year ago, the
Federal Reserve Board reported.
Virginia Electric & Power Co. re-
ceived separate bids aggregating
81 .229, 100 for transit properties at
Portsmouth, Newport News and Pc
tersburg and the Richmond Peters,
burg interurban. A combined offer of
$805 600 was received from Beneficial
Industrial Loan Corp. High bid for
the Portsmouth system alone was
S611 500 offered by A. A. Allen and
Equitable Securities Corp, recent
purchasers of the Richmond and
Norfolk properties.
Colorado Fuel & Iron Corp. called
for redemption on April l at par and
interest its 1,035 900 of SO bonds
Funds will be supplied by a 10-year
bank loan.
Westinghouse Electric & Mfg. Co.
purchased Atlantic Elevator Co. of
Philadelphia.
Eagle-Picher Lead Co. acquired
production and distribution facili-
ties Of Southern Lead Co. of Dallas.
American Locomotive Co. de-
clared a dividend of IS cents q
common share, payable April %.
Last year, the firm paid Is cents
each quarter and q year-end divi-
dend of 80 cents.
Continental Motors Corp. de-
clared dividend of 20 cents a COM
mon share, payable March 80. Pre-
vious payments were Is cents.
Food Machinery Corp. stockhold-
ers approved an increase in author
lied common stock from 100000 to
1,500, 900 shares.
New York Central Railroad net
for January was $3.50 ,436 VS.. $2,856,-
227 q year ago. Loss of traffic and
higher costs resulted from severe
weather.
Pennsylvania Railroad net fol-
January was $3,372,873 on gross OF
.6,283,661 VS.. $7.730, 800 on SIS, $685.
3 a year ago.
International Harvester Co. profit
)r 1914 was $25, 200, TOO or 1851 q
lare, before renegotiation, VS.. $685.
)2,944 or $4.70 in the previous year
B. F. Goodrich Co. earned $12, 015,-
II or S7.64 a share in 1914 VS.. $11,-
-4,501 or $7.31 in 1913.
Electric Bond & Share Co. net for
1914 was $4,622,479 or $3.50 on COM
bined preferred stocks VS.. $5,441, LOT
or SASS preferred share in the
previous year.
Mesta Machine Go. earned ST.
957, 1893 or 1896 in 1914 VS.. $2,761 sos
or $2.76 In 1913.
Lima Locomotive Works profit for
1914 was 81 ,436, 922 or 1851 VS.. ST.
567, 648 or STAB in the preceding year.
Bush Terminal Co. net for 1914
was Sic, 1888 or $1.20 VS.. $670, 028 or
$1.13 in the previous year.
Puget Sound Pulp & Timber Co
earned $408,713 or $1.04 in 1914 vs.,
$456, $50 or $1.19 in 1913.
Ryan Aeronautical Co. net for Il
months ended October 81 was $703,-
346 or $160 VS.. $597 1913 or $1.36 in
the preceding fiscal period.
Sharon Steel Corp. profit for 1914
was 81 ,070, 1923 or 1,97 VS.. 1891 OBS OF
el.51 in the previous year.
Aaeron Mfg. Corp. registered with
the SEC 10000 shares cumulative
convertible preferred stock to be
offered at $11 375 share to increase
working capital.