Evening star., 1945-04-11
Business Briefs
Electric Power Consumption 6

Electric Power Consumption de-
clined to 1921, ,794,000 kilowatt
hours in the week ended April Z.
compared with 4,32s, ,478,o00 in the
previous week and 1851 ,094 900 In
the like 1914 week, the Edison Elec-
tric Institute announced.
Demand Deposits of member
banks in 101 leading cities totaled
s37,1S4, 900, 900 on April 4, drop of
sl63,0o0,000 from week earlier, but
S4312,OO0,0OO above a year ago, the
Federal Reserve Board reported
Securities Marketed Today includ-
ed: s26,OS9, 900 of Ohio Edison Co.
first mortgage 234fo bonds at 10l +;
S6,967,00 of Central Vermont Pub
lie Service Corp. 234eo bonds at
1915 and $4,000 common shares
of the same company at 20A.
Westinghouse Electric e. Mfg. Co
stockholders approved 4-for-l
splitup of both common and pre-
ferred stocks and authorized change
in name to Westinghouse Electric
Corp. After the 'splitup, 1881 ,264
common shares and 1896 pre-
terred shares will be outstanding
Both classes will have par value
Of $3.50.
New York Power e. Light Corp.
awarded s50,000000 of 234%o first
mortgage bonds to Halsey, Stuart g.
Co. and associates on a bid of 10l 80.
Reoffering was planned at l021a.
Safeway Stores stockholders ap-
proved an increase in authorized So
preferred stock from 282 ,844 to 500,-
200 shares and 3-for-1 splitup IN
common.
American Telephone e. Telegraph
Co. earned $1,300,638 in two months
ended February % VS. S406,617 year
ago and $2,9l7,96 in the same 1943
period.
New York Telephone Co. net for
two months ended February % was
s4.660 ,209 VS.. s4,257,6 ,653 year ago.
Western Union Telegraph Co.
earned $l,221 ,526 or SO cents class
A share in two months ended Feb
ruary % VS.. 81 l,075,926 or 81 cents
in the same 1914 period.
Marine Midland Corp. net for the
first quarter was Sl,050, 400 or Is
cents share VS.. sl,031,777 or 18
cents a year ago.
Dresser Industries, Inc, earned
s735,123 or $162 in three months
ended January 81 VS.. $685. 8,643 or
$l.16 year earlier.
Eagle-Picher Co. net for three
months ended February % was 1853, =
278 or 40 cents VS.. $390,448 or 43
cents year ago.
Mid Continent Petroleum Corp.
earned $6,942 ,038 or S3.74 in 1914 VS..
S6,566,618 or 1888 in l943.
J. J. Newberry Co. net for 1914
was $3,067 ,905 or $3.50 VS.. $3,138,674
or $7.58 In the previous year.
Lone Star Cement Corp. earned
S2O55, ,256 or $2.17 in 1914 VS.. 81, 2,723,-
916 or $287 in 1943.
Hecla Mining Co. profit for 1914
was 81 ,293 ,309 or $1.29 VS.. l,045, III
or $1.04 In the previous year.
Independent Pneumatic Tool Co
earned $1,326,085 or 1888 In 1914
VS.. $2,074,039 or $3.50 In 1943.
Masted Electric Co. net for 1914
was $716,79S or $2.87 VS.. $56s,7S6 OF
$227 In the previous year.
New York Air Brake Co. earned
$19l, 1853 or "a cents in the first 194s
quarter VS.. $203,805 or 10 cents q
year ago.
Hupp Motor Car Corp. net for 1914
was $727,712 or SO cents VS.. $298, ,07s
or 18 cents on fewer shares in the
previous year.
S. H. Kress & CO. sales in March
totaled $1l, l,149, 1866, a gain of 11%
from a year ago; in months
s28,921, Ito, an increase of 4.5%.
Best T. Co. declared a dividend o1
Is cents on new common outstand.
ing after q 2-for-f split, payable
May Is. This equals so cents on ole
common. upon which 10 cents wa
paid quarterly.