Evening star., 1945-04-04
Business Briefs
Electric Power Consumption ir

Electric Power Consumption in the
week ended March 81 declined to T.
32S ,47s 900 kilowatt hours, COM
pared with 4,40l ,716 900 in the pre-
vious week and 4,408, ,703 900 in the
like 1914 week, the Edison Electric
Institute announced.
Demand Deposits of member
banks in 1o1 leading cities totaled
$37 7,347, 600 900 on March 20, drop
Of 3238 900 900 from a week earlier
but $4,6s7 900 900 above q year ago
reported the Federal Reserve Board
Canmakers Lack Sufficient Steel
to meet Army and Navy require
ments for food containers and sup
ply cans for perishable products
which the WPB permits to be packed
in metal, warned President D. W.
Fggis Of American Can Co.
New York Bank Earnings for the
f1rst ls45 quarter included: Chase
National, $1.02 a share VS.. II cents
q year ago; National City, $l.14 VS.
SO cents: First National, s27.10 vs.
$23.66; Marine Midland Trust, 81
cents VS.. 81 cents; Guaranty Trust
$625 vs.. $6.19
Pennsylvania Railroad asked the
1CC for public hearing on the re.
organization plan for the New York
New Haven d. Hartford Railroad. OF
which 1t is 4 common stockholder
A hearing was declared necessary to
learn fully Of any changes in the
New Haven's financial position
May Department Stores stock
holders approved a 2-for-1 split-up
in common stock and authorized
$50, 900 new preferred shares of
which 10000 are to be marketed
soon.
New York Power T. Light Co. in
vited bids on $50, ,000.0O of first
mortgage bonds, due 1875. Bids will
be opened April 10 Proceeds will be
used with other funds to retire
3Ho bonds
Wheeling Steel Co. profit for 1914
was $4,384, ,789 VS.. $4,339,246 in the
previous year.
Midland Steel Products Co. earned
81, ,722 ,448 or 1852 in 1914 VS.. 81 ,670,-
507 or $40 in 1943.
Kelsey Hayes Wheel Co. net for q
months ended February 70 was 81
157,l74 or $ls7 on combined A and
B stocks VS.. $994, 4,003 or $l.61 4 year
earlier. a.,
Stone 4 Webster, Inc, earned ST.
873,053 or SO cents q share In 1914
vs.. 31,733, ,343 or 81 cents in 1s43.
Nevadel-Asene Corp. net for 1914
was $l,116,884 or $238 VS.. 81, ,039, ,593
or 32.21 in the previous year.
Life Savers Corp. earned S1,244,-
05S.or S3.55 in 1914 VS.. 81 1877 ,667 or
aS.47 in 1943.
Ferro Enamel Corp. profit for 1914
was S3S5, 800 or S1.70 VS.. 345s, 100 or
Sl.T in the preceding year.
Chesbrough Mfg Co. net for 1914
was $S67.851 or 37.23 VS.. 1898 ,0S3 or
a7.81 in the previous year.
Lily-Tulip Cup Corp. earned $685.
10 or $3.52 in 1914 VS.. $730,825 OF
$3s5 In ls43.
Kroger Grocery 4 Baking Co.
sales for 4 weeks ended March "A
totaled 33,729,3 a gain OF 1.5%
from . year ago; for II weeks ended
the same date. $10l, ,737 ,376, an in
crease Of 3.6To.
Sunbeam Electric Mfg. Co. stock
holders will vote April Is on q pro-
posed merger with Seeger Refrigera-
tor Co. Of st. Paul.
kaybestos- Manhattan, Inc., stock
holders were told postwar repairs
and replacements might cost 81 OO0,-
900 to $2,500, 900.
National Gypsum Co. sales were
81 to 1917 above a year ago in the
first quarter, while. profits showed
little change.
DeccaN Records, Inc. sales 30 far
this year are around 109e above a
year ago. while profit in the first
quarter showed little change, said
President Jack Kapp.
Chrysler Corp. elected L. J. Purdy
director and vice president in charge
Of trucks Of the Dodge Corp. Divi.
sion.