Evening star., 1945-05-31
Business Briefs

Electric Power Consumption in the
week ended May 26 declined to A.
329, sos 900 kilowatt hours VS.. 4,377.-
22l,000 in the previous week, but re-
manned go above year ago, the
Edison Electric Institute reported.
Bank Clearings in "a leading cities
were reduced to $8,497 1884, 900 in the
week ended Memorial Day, COM
pared with $11,109, ,439 900 in the
previous full week, but remained
8,7eo above s7,818 ,593 900 in the like
1914 week, Dun & Bradstreet, Inc,
announced.
Demand Deposits of member banks
in l01 leading cities totaled $4O5l6,-
100000 on May %, an increase of
s616 000,00 from week earlier and
81 547 10000 above year ago, the
Federal Reserve Board disclosed.
Freight Loadings in the week end
ed May 26 totaled 882,437 cars, a
gain OF 1.69o from both the previous
week and year ago, the AsSocia-
ton Of American Railroads revealed
Skelly Oil Co. plans to sell 8,000,.
600 Of serial notes and $4,000 900 OF
debentures to finance postwar ex.
pansion and increase working CAPT.
tai.
Crane Co. stockholders will vote
June 20 on a pa~n to retire 1885
shares of so preferred stock through
new issue of 100000 shares with a
dividend rate of less than 4ee.
, Fairmont Creamery Co. registered
with the SEC $4,000 shares of 40
preferred and 62,773 common shares
Common holders will be offered A.
773 new common shares at the rate
Of ! for each 10 held OF the pre-
ferred, 10000 shares will be used
to retire a like number of present
shares on a share-for- share basis.
Utah Oil Refining Co. registered
with the SEC 198,828 common shares
as an initial step in financing con-
Straetion of a S4,5OO,OOO pipe line.
? American Cable & Radio Corr.
earned 1894 ,529 or Is cents a share
in the March quarter VS.. 1891 ITO or
% cents a year ago.
Middle West Corp. profit for the
quarter was 81 ,l0l ,849 VS.. $918652 in
the same 1914 period.
Hecla Mining Co. earned s207,0
or 81 cents in the quarter VS.. s133,979
or 13 cents year ago.
Mission Corp. net for the quarter
was $256, ,245 or 19 cents VS.. S246. GOT
or 18 cents in the same period last
Year
Briggs g. Stratt0n Corp. earned
s240,317 or 81 cents in the March
quarter VS.. $444,354 or S1.49 a year
ago.
Great Northern Railway net for
months ended April 80 was
S2,524,722 or 81 cents VS.. s3.274 867
or s1.31 in the same 1914 period.
Allied Stores Corp. and SUBJ
sidiaries earned 1920, ,407 or S3.42
in II months ended January 81 VS.,
s6,850,603 or $3.17 in the previous
year.
Phillips Packing Co. net for 70
months ended March 81 was
S750,027 or $1.51 VS.. STA, $3.50 or $1.56
in the preceding fiscal period.
.A0dreSs0graph Multigraph Co.
earned 81 ,235, 1896 or $1.64 in IL
months ended April 80 VS.. $1,106,-
528 or $1.46 in the previous year.
Scott Paper Cd. purchased assets
and property of Automatic Paper
Mact1nery Co., Hoboken, N. j., with
136, 80 shares of no-par value COM
mon stock.
Hupp Motor Car Corp. stockhold-
ers voted to increase common stock
from 100000 to 100000 shares.
Graham-Paige Motors Corp. will
redeem all 7Gs preferred on June
80 at 1924.
National Tea Co. sales in 4 weeks
ended May 10 totaled $7,327 ,056, a
drop of 6% from a year ago; for 20
weeks ended the same date, $36, ,302,-
915, a decline of 3.69s.
Mutual Life Insurance Co. Of New
York appointed L. Durward Badgley
to its research division. He was
chief economist for MIA and later
senior economist for FILA.