Evening star., 1945-08-22
Business Briefs
Commercial, Industrial and Farm

Commercial, Industrial and Farm
Loans of member banks in 101 lead
Ing cities totaled S5.949, 100000 on
August Is, gain of S35 100000 from
a week earlier, but $50 900 900 below
8 year ago, the Federal Reserve
Board reported.
Electric Power Consumption in
the week ended August 18 declined
to 1885, $4,000 kilowatt hours VS.
1896, ,337, 900 in the previous week
and 4,451 ,076,000 in the like 1914
week. the Edison Electric Institute
announced. Dow, Jones e. Co. pre-
dicted further decline of unprece-
dented proportions this week.
Grocery Manufacturers Will
Spend more than $600,000,000 in the
next year for new machinery and
other capital equipment, said Presi-
dent Paul S. Willis of the Grocery
Manufacturers of America.
Cotton Spinning Operations in July
were at 1927 of capacity VS.. 1888 ir
the previous month and 1854 yeal
ago, the Census Bureau reported.
Monongahela Power Co. received
high bid from w. C. Langley &
Co. and First Boston Corp. for s22..
100000 of first mortgage go bonds
and 10000 shares of 44% preferred
stock. The firms offered 101 .459 fol
the bonds and 10103 for the pre-.
ferred. The bonds were reofered al
1924 and the shares at 10312.
Crown Cork g. Seal Co. registered
with the SEC 275,000 shares of S.
cumulative preferred stock and &c.
270 common shares. Underwriters
will offer publicly $4,000 of the for
mer and 22,560 of the latter. Pre-
ferred shares will be offered in eX-
change for present preferred anc
common holders will be given rights
to subscribe for the new common al
the rate of for 6.
Curtiss- Wright Corp. closed pro.
peller division plants at Indian.
apolis and Beaver, Pa. In the form
er plant, $3.50 persons were EN-.
ptlyed.
Standard Oil Co. New Jersey
will contruct major petroleum re-
search centers at Linden, N. j., ano
Baton Rouge, La, at cost which
may reach 100000.
B. F. Goodrich Co. earned S5,621,.
544 or 1882 share the first half, Of
1945 VS.. SIS, ,244 1903 or SO % a year ago
Pan American Petroleum &
Transport Co. net for the June quar-.
ter was 50 ,295,977 or 40 cents VS.. ST..
308,970 or % cents.
Transcontinental e. Western Air
Inc, earned 81 SOS, 1853 or s1.73 in thu
first half VS.. s666,253 or 68 cents
year ago.
Walworth Co. profit for the hal
was $600,758 or 43 cents VS.. 1911 TO-
or 81 cents in the same 1914 period
Munsingwear, Inc, earned $121,.
132 or 86 cents in the half VS.. $780,,
1923 or 43 cents year ago.
Homestake Mining Co. reporte,
net loss of S962,071 for the half VS.
deficit of S525, ,049 in the 1914 half
Century Ribbon Mills earned
S151 ,573 or $1.51 in the half VS.. Slo3.
217 or 80 cents year ago.
Kroger Grocery e. Baking Co
sales in 4 weeks ended August IL to-
tailed S34,043, ,473, a drop of 2.6eo from
a year ago; in 80 weeks ended th
same date, s272,7lO,S67, a gain o
0.7T.
United Air Lines flew 459 PSI ton
miles of express in July, a gain O
26To from year ago; also 1869 80
ton-miles of mail, an increase O
12%.
Public Service Corp. of New Jerse,
declared a dividend of 20 cents
common share, payable Septembe,
20. The firm paid Is cents quar-.
ter previously.
Nash -Kelvinator Corp. speedes
up its postwar program, which call
for a tripling of prewar auto pro
duction and doubling of the pre-
war household appliance and re-
frigerator output.