Evening star., 1945-10-17
Business Briefs
Electric Power Consumption

E1cCtEN TOWcT SOIISuHIptlOn Q6-
clined to 1894 1894 900 kilowatt hours
in the week ended October 13, CON-
pared with 4028, ,286 900 in the previ-
GUS week and 1854 SIS 900 in the like
1914 week, reported the Edison Elec-
trio Institute.
Demand Deposits of member
banks in 10l leading cities totaled
S39 082, 600, 900 on October 10, gain
of 1892 100000 from a week earlier
and 1912, 100000 above year ago,
the Federal Reserve Board an
nounced
Cotton Consumption in Septem-
ber totaled 70l 900 bales of lint and
77439 of linters vs. 1881 and a.
255 in August and 1883 and 122, 1892
year ago, the Census Bureau dis
closed.
Beech Nut Packing Co. declared
a special dividend of so cents a
common share, payable December
Is, and regular quarterly dividend
of ST., payable January g.
Sinclair Oil Corp. borrowed $780,
100000 from Is banking institutions
headed by the National City Bank
of New York, retired 24,050,786 of
Indebtedness and added around S26,-
100000 to working capital.
Sylvania Electric Products Co. Of
fering of 100000 shares of AZ pre-
ferred was marketed today at 104.
Johns Manville Corp. earned ST.
038,867 or $1l3 a share in months
ended September 30 VS.. $l.217,317 or
$l.43 a year ago.
Distiilers Corp -Seagrams, Ltd,
profit Tor II months ended July 81
was 13,S03 300 or $3.50 share VS..
Sll, ,436,782 or $6.l2 in the preceding
fiscal period.
Northrop Aircraft, Inc, earned
STAT sol or $l85 in u months ended
July 81 VS.. $603,5l6 or $3.50 in the
previous year.
Abrahams d Straus, Inc, profit
for IL months ended August was
$l,362,6 STA or $500 VS.. 1888 ,O09 or $5.56
in the preceding fiscal period.
MacAndrews & Forbes Co. net for
9 months ended September 80 was
s456,7Q9 or S1.21 VS.. $471 1881 or 126 a
year ago.
Mullins Mfg. Co. earned S662,066
or "a cents a share in months end
ed September 30 VS.. $690,006 or SO
cents a year ago.
New. York Air Brake Co. profit for
9 months ended September 80 was
S556,516 or S2.l5 VS.. $742 500 or $2.87
in the same 1914 period.
Chrysler Corp. announced its Air
temp division will begin $4,000, 900
expansion program, including new
plant at Dayton, Ohio, upon which
work will start next week.
General Motors Corp. reported its
G. M. C. Truck & Coach division
started construction of a new Pom
tiac plant which would make pos
sible the doubling of production
from Hhe best previous sales year.
Graham-Paige Motors Corp. and
Kaiser-Fra Corp. dealers plan to
invest some $100, ,00o 900 in establish
ments and equipment, declared
Joseph w. Frazier. president of both
firms.
American Airlines reported rev.
enue passenger miles in September
totsled 1888, 1865. a gain Of 27.5%
from a year ago. Mail pound-miies
were 1857 above a year ago. Mere
than 708, 8,000,00 freight pound miles
were carried in the month.
American DistilIing Co. sold its
500 interests IN American Spirits,
Inc, and Compania ron Carioca Dis
tilleria to Schenley Distillers Corp
for more than 81. 100 900. 1t is url-
derstood Schenley is acquiring the
remaining 5oqo from other interests.
Allis- Chalmers Mfg. Co. called for
redemption on November % 100, 1000
shares of 40 cumulative convertible
preferred stock at l04 plus accrued
dividend.
Gar Wood Industries, Inc. pur-
chased 92% of the capital stock of
Buckeye Traction Ditcher Co. Of
Findlay, Ohio.