Evening star., 1945-10-10
Business Briefs

Electric Power Consumption de-
clined to 4,028, ,286,000 kiloWatt hours
in the week ended october VS.. A.
038, ,542 900 in the previous week and
4,375,079,000 a year ago, the Edison
Electric Institute announced.
Demand Deposits of member banks
totaled 8,690,000,000 on October 3,
a decline Of $l27, 100000 from a week
earlier, but S3,307, 100000 above a
year ago, reported the Federal Re-
serve Board
Steel Production in September,
first full month after the war, to-
tailed 5000, ,403 tons VS.. 5,736,376 in
the preceding month and 7,235,11l a
year ago, the American Iron & Steel
Institute disclosed. In 9 months, it
totaled 81 1885, ,532 tons VS.. 67,375,801 a
year ago.
In Observance of Columbus Day,
financial and commodity exchanges
will be closed Friday. Canadian and
British exchanges will remain open.
United States Steel Corp. sub
sidiaries shipped 1.321.576 tons of
finished steel products in September
VS.. 1882 ,l80 in the previous month
and 1,733,602 year ago. Shipments
in months totaled 14367,709 VS.. 15.-
86s 1855 a year ago.
Terminal Railroad Association of
st. Louis received a high bid of
101 629 for $40,312 900 of 37sec bonds
from First Boston Corp and asso-
ciates. Reoffering was planned at
l02.53.
Bank of America laid claim to
being the worlds largest banking
institution, with S5,037, 100000 of as
sets. The total for Chase National,
leader for many years, was $72, ,000,
900 smaller.
Carnegie Illinois Steel Corp. blew
out another blast furnace at
Youngstown, further reducing the
districts curtailed iron output.
NaSh-Kelvinator Corp. reported
assembly of 1e46 Nash cars had
been delayed at least 30 days be-
cause suppliers' strikes prevented
delivery of parts.
Washington Steel Corp. of Wash
ington, Pa, registered with the SEC
158,110 common shares and sub
scription warrants for purchase of
79,055 shares. The new firm plans
to roll and finish stainless steel.
Champion Paper g. Fibre Co.
declared an extra of 25 cents and
4 regular quarterly dividend of 25
cents common share, both pay
able December TO-
Gaumont- British Pictures Corp,
Ltd, announced a record high divi-
dend of 712@6 on ordinary stock
for the year ended last March 81.
Cerr0 de PascO Copper Corp. de-
clared dividend of so cents a COM
mon share, payable November /.
Previous payments were rs cents
quarterly
Pittsburgh Coal Co. preferred
stockholders. who objected to a pro-
posed merger with Consolidation
CoalsCo. were offered s100 a share
cash as an alternative to securities
they contended were worth only S91
a share.
New England Public Service Co.
counsel denied the firm had sold
Seaboard Paper Co. to Time, Inc, as
reported by the New York journal
of Commerce.
Chicago, Rock I~land & Pacific
Railway trustees will distribute S34,-
279,750 on october II to bondholderS
and general creditors in reorganiz-
ing the road.
Bell Telephone Co. of Pennsyl-
vania reported net income of $685.
564 for s months ended August 81
VS.. S6,076,599 in the like 1914 period.
Southwestern Bell Telephone Co
profit for months ended August
81 was $11,O44,616 VS.. $10,412,121 in
the same months last year.
United Dyewood Corp. earned
S22, ,321 or rs cents a preferred share
in months ended June 80 VS.. S37.-
160 or $1.27 a year ago.
Miller Wohl Co., Inc, profit fo,
IL months ended July 81 was S54O..
507 or S2.33 a common share VS.
S436,697 or $181 in the preceding
fiscal period.
Third Avenue Transit Co. direc.
tors voted to l to remove Victor
McQuslon as president and elected
Henry E. Peelle, director, to sue.
ceed him.
Sinclair Petroleum Corp. an
nounced that D. A. McDougald, as
sistant to the president, had left fol
Ethiopia to open an Office in Adds
Ababa
United Air Lines announced the
return of Col Richard E. Pfennie
as regional vice president for East
ern operations.