Evening star., 1945-01-24
Lee Addresses Controllers.
Business Briefs

Electric Power Consumption de-
clined to 4,586 ,214 900 kilowatt hours
in the week ended January 20, COM
pared with 4,614,344, 900 in the pre-
vious week, but remained 1870
above 4,531 $50 900 in the like 1914
week, the Edison Electric Institute
announced.
Demand Deposits of member
banks in 101 leading cities totaled
S35 ,686, 100000 on January II, gain
of S574 100000 from a week earlier
and 1924 100000 above a year ago,
the Federal Reserve Board reported.
Meat Production in Federally in
spected plants appropriated 340,-
100000 pounds in the week ended
January 20, compared with 379 ,000,-
000 in the previous week and AS
100000 in the corresponding 1914
week, the War Meat Board esti-
mated.
Today's Offerings included: So
100000 Of South Carolina Power Co.
$50 bonds marketed at 1925 by a
group headed bv First Boston Corp. /;
,00G,000,000 of New York City
: serial bonds marketed by a bank
group headed by Chase National.
Pullman, Inc, informed the SEC
that its acquisition of M. w. Kellogg
Co. shares involved SIS, ,200, 900 cash
General Tire g. Rubber Co. will
spend S1,500,000 expanding its Waco
(Tex) plant to double tire output.
Liggett & Myers Tobacco Co
earned S14, 1893 ,459 or 81 SO share in
1914 VS.. SIS 5,656,410 or $4.52 in 1943
Motor Products Corp. net for 6
months ended December 81 was
S351,772 or 80 cents VS.. S568,749 or
$1.46 year earlier.
Rose Cable Corp. earned $4O2 ,662
or S212 in months ended Decem-
ber 81 VS.. s426,112 or 1925 in the
same 1943 period.
McInyre Porcupine Mines, Ltd.
net for 9 months ended Decem-
Der 81 was S1,775,774 or 1928 VS.
$2,175,5l2 or $2.73 year earlier.
New England Telephone g. TeIe-
graph Co. earned S9,801 SIT or $3.50
in 1914 VS.. $9,645,971 or $500 in 1943
Caterpillar Tractor Co. net fol
1914 was $7,663,913 or $4.70 VS.. $8,-
216,354 or $4.37 in the previous year
Reading Co. profit for 1914 was
$13,372,o53 VS.. S17,924, ,982 in 1943.
Massachusetts Investors Trust as
set value on December 81 amounted
to $2339 share VS.. 5000 a year
earlier.
Illinois Central Railroad Co.
equipment trust certificates, 80
series S, aggregating 100000, 900,
were sold by the RFC to Kidder
Peabody & Co. and associates at
l04604 and accrued interest, which
is on basis of 90.
New York Central Railroad cut its
debt $33, 100000 in 1914 to total of
$685., 900, 900.
Remington Rand, Inc, declared 6
stock dividend of so in common or
common stock and the usual interim
quarterly of 80 cents in cash, botf
payable April g A similar stocl
dividend was declared last June.
Union Pacific Railroad placed ar
order for 1000 50-ton boxcars with
Mount Vernon Car Mfg.-Co. at {
cost Of nearly s4,00o,000.
Missouri Pacific Railroad was au.
thorized by Federal Court at st
Louis to spend an additional $9,107,.
It's for l945 improvements, raising
total allowance for the year to $12,.
247, ,465.
Standard Oil Co. New Jersey an.
noInced the resignation of Wallac,
E. Pratt, internationally known ge.
ologist as vice president and cleo
tion of John R. Suman as vice preSi.
dent and director. Mr.. Suman vii
resign as vice president and direc.
tor of Humble Oil Co., subsidiary
Mr.. Pratt will continue as director
and member of the Executive Com.
.rnittee. /.