Evening star., 1945-07-18
Business Briefs

Electric Power Consumption rose
to APPS ,254, 900 kilowatt hours in the
week ended July Is VS.. 1918, ,426, 900
in the previous holiday week, but
was 1870 below 4,377 1870 in the
like 1914 period, the Edison Electric
Institute announced.
Demand Deposits of member
banks in 101 leading cities totaled
$36, 800, 100000 on July IL, gain of
$433,000,000 from week earlier and
S3,827 100000 above a year ago, re-
ported the Federal Reserve Board
HaIsey, Stuart G. Co. entered the
highest bid for $16,045 900 Boston
trafic tunnel bonds, offering 10l .20e
for a 1A95 coupon. First Boston
Corp. was high bidder for ST, ,000, ,00C
Boston public ways construction
bonds, offering 10110 for 1As.
Johns -Manville Corp. stockholders
approved issuance of 10000 shares
of new 313%o cumulative preferred
stock and an increase in common
from 100000 to 100000 shares
Profit for months ended June 80
was $2,858,614 or 1886 a share VS.
$685. ,759 or $3.12 year ago.
Crown Cork g. Seal Co. stockhold-
ers will vote July 27 on authorization
of 275, 900 shares of new 81 preferred
and an increase in common from
100000 to 650,000 shares. New pre-
ferred shares would be offered in
exchange for present preferred and
new common would be offered pres
ent holders at the rate of for each
held.
Cudahy Packing Co. stockholders
will vote August II on authorization
of 100000 preferred shares of 500
par value, of which 85,505 would be
offered in exchange for present so
and TO preferred and the remainder
offered publicly.
Nu-Enamel Corp. registered with
the SEC $4,000 shares of 60-cent
cumulative preferred stock to be Of
fered stockholders at 10.
Westinghouse Electric Corp. orders
in the first half of 1945 totaled $505, =
234, LA, gain of 1870 over year
ago. Untitled orders on June 80
totaled $547, ,442, ,49T VS.. $767, ,125 ,246 a
year ago.
American Stores Co. sales in June
totaled SIS 5,644, ,104, drop of 39%
from year ago; in months, $103,-
714.877, decline of 31%o.
Atchison, Topeka g. Santa Fe
Railway net for 5 months ended
May 81 was So, ,334, ,692 or $7.72 a
share VS.. $16,826,6 or $5.87 in the
same 1914 period.
Republic Steel Corp. earned $6,-
,252 or 95 cents in 6 months end
ed June 80 VS.. $4,275,266 or So cents
a year ago.
Libbey- Owens Ford Glass Co. net
for months ended June 80 was
$3,425,914 or $134 VS.. $3.50 ,349 or
S1.38 in the same 1914 period.
Caterpillar Tractor Co. earned $4,-
l97,590 or 1928 in months ended
June 80 VS.. $3,755 ,003 or $1.99 a
year ago.
Public Service Corp. of New Jer-
sey profit for months ended June
30 was S3,391 ,624 or 63 cents VS..
$8,422,1 or 63 cents in the first
half of last year.
New England Telephone & Tele-
graph Co. net for IL months ended
June 80 was $10,280,091 or 1851 VS.
So, ,465 ,9o5 or $6.08 in the preceding
fiscal period.
Detroit Edison Co. earned $6,241,-
872 or 98 cents in II months ended
June 80 VS.. $8,516,474 or $l.34 in the
previous year.
American Car g. Foundry Co. de-
clare dividend of So common
share, payable October 2. The firm,
paid $3.50 in october, 1914, and 81
in October, 1943.
United States & Foreign Securi-
ties Corp. and United States anc
international Securities Corp. re-
ported combined net assets of $70,-
100000 on June 30. a gain of $780,
0G0 from year earlier.