Evening star., 1945-12-05
Business Briefs

Electric P0Wer Consumption rose
to 4,042 ,915 900 kilowatt hours in the
week ended December l VS.. 3,841,-
350,000 in the preceding holiday
week, but was 1867 below 1924
257000 year ago, the Edison Elec-
trio Institute announced.
Demand Deposits of member
banks in 10l leading cities totaled
s40,247,000.000 on November %, a
gain of s442,000,o00 from a week
earlier and s1,7o8, ,o00,0 900 above a
year ago, reported the Federal Re-
serve Board.
Net Railway Income of class I
carriers totaled $21 ZOO, 900 in Octo-
Der VS.. $59,821 ,849 a year ago, the
Association of American Railroads
estimated. In 10 months, net income
was S474 900, 900 VS.. $562 ,837 263.
New York, Chicago & st. Louis
Railroad directors voted to purchase
70,l45 common shares of Wheeling
& Lake Erie from Chesapeake &
Ohio Railway at $40 share. They
also resumed dividends on the So
preferred, with declaration of a So
dividend, payable January 2. Pre-
vious payment was in 1881.
McCrory Stores Corp. registered
with the SEC 10000 shares of 500
par value cumulative, convertible
preferred stock, 10000 shares of 81
par value common reserved for con-
version of the preferred, and $50 900
additional common shares. Pro-
ceeds will be used to redeem present
preferred and increase general
funds.
Missouri Pacific Railroad was re-
quested by the RFC to repay its
loan of S23,l34,00o obtained in 1882
and 1888.
National Refining Co. declared a
dividend of so cents common
share, first since 1882, payable De-
cember %.
Warner Bros. Pictures, Inc, de-
clared a quarterly dividend of so
cents a common share, first since
1880, payable January 4.
M. A. Hanna Co. declared a diyi-
dend of $1.15 a common share, pay
able December IA, raising 1945 divi-
oends to 81 VS.. $1.50 last year
White Motor Co. will spend So
ooo,0oO for additions and new equip
ment to double production sched-
ules in the next Is months.
Southern Pacific TRANSPORTATION
System earned $32 283 ,069 or 1855 a
share in 10 months ended October 81
VS.. $36 1884, ,691 or 1854 year ago.
George A. HORNED g. Co. profit for
IL months ended October q was
$l.273,639 or $2.55 VS.. $1,543,313 or
s3.l3 in the previous year.
Cleveland Graphite Bronze Co.
earned $963, ,068 or $3.50 in 9 months
ended September 80 VS.. 81 ,418.492 or
S4.09 a year ago.
United States Plywood Corn. profit
for months ended October 81 was
1868 800 or $1.15 VS.. S519,3OO or 81 So
on fewer shares in the 1914 period
Cuban-American Sugar Co. earned
. $2,578, ,468 or S245 in 12 months end
ed September 80 VS.. $3,976. .485 or
$3.50 in the previous year.
Commonwealth Gas Corn. stock
noiders approved sale of its 451 $50
common shares of Memphis Natural
Gas Co. to other corporations at 50
q share.
Hammermill Paper Co. stockhold-
ers will vote December 10 on a pro-
posed SIS 100000 increase in indebt-
edness to finance expansion.
Prudential Insurance Co. placed a
SAC, 100000 subscription for 2h %
Treasury bonds in the Victory Loan
drive.
H. L, Green Co. sales for Novem-
Der totaled $6,045, ,244, a decline of
6.5ao from year ago; for 10 months
ended November 80, $50 2,532 400, q
decrease of 1872.
Neisner Brothers, Inc., sales in Mo-
vember totaled So, ,466 ,88I, a drop of
49, from year ago; In II months,
S32, 1873 1886, a decline of 1.7To.
.-Eversharp, Inc, acquired controll-
Ing interest in Magazine Repeating
Razor Co.