Evening star., 1945-05-02
Business Briefs
Electric Power Consumption rose

Electric Power Consumption rose
to 4,415, 1885 900 kilowatt hours in the
week ended April % VS.. 4411 1925 900
in the previous week and 1886, ,72l.- =
900 in the like 1914 week, reported
the Edison Electric Institute.
Demand Deposits of member
banks in l01 leading cities totaled
$50 .099 100000 on April 25. gain of
$496, 100000 from week earlier and
s4,575 900, 900 above a year ago. the
Federal Reserve Board disclosed
The total is near the all-time record
Of last November.
Virginia Electric & Power Co. Of
fering of $59,000,000 series E 2s4 %
bonds. due 1875. was marketed at
1919 and interest by group head
ed by Stone e. Webster and Blod-
gett, Inc.
Solar Mfg. Co. raised its common
stock dividend rate to so cents year
by declara ton of quarterly divi-
dend of Is cents. payable June II
The previous rate was 40 cents an
nually.
National Tea Co. stockholders will
vote on May 8 on proposed issuance
of 10000 shares of Az % preferred
and a change in common stock to SIC
par value from no par value to
achieve tax saving.
Atlantic Refining Co. earned 81
706,602 or 96 cents a share in the
March quarter VS.. $4,l58,676 or S1.51
year ago.
Radio Corp. Of America profit for
the March quarter was s2,987 900 or
Is cents VS.. S2,401 .234 or II cents in
the same 1914 period.
Commercial Credit Co. earned ST.
328.462 or 65 cents in the quarter VS.
S1.512.676 or Is cents year ago.
National Supply Co. net for the
quarter was S1,074,275 or As cents
VS.. $1.195, los or Sc cents in the same
period last year.
Timken Roller Bearing Co. earned
s1,247,452 or 50 cents in the quarter
VS.. S1.348,048 or Sc cents a year ago
Parke Davis & Co. net for the
quarter was s1,9O1 ,469 or 80 cents
VS.. 81 ,937 1868 or 40 cents in the same
1914 period.
General Outdoor Advertising Co.
earned $324,0 or 33 cents in the
quarter VS.. 5000 sos or % cents a
year ago.
American Stove Co. profit for the
quarter was 1922 ,294 or go cents VS.,
s287 ,508 or So cents in the same
period last year.
Crucible Steel Co. of America re-
ported net of $803,55 or 81 cents in
the quarter VS.. s1,279 1902 or s197 ir
the same 1914 period.
Purity Bakeries Corp. earned
S712,867 or 90 cents in Is weeks end.
ed April Fl VS.. $655.s76 or IS cents 9
year ago
Electrolux Corp. net for the March
quarter was $284,297 or % cents VS.
s77,2e7 Or cents in the same pc.
riod last year
Merchants e. Miners TranspOrta.
ton Co. earned S80,210 or AZ cents
in the quarter VS.. $42,l5 or % cents
year ago.
City Stores Co. earned $2.131 ,63$
or $1.32 in IL months ended Jan.
uary 81 VS.. $1,869,512 or $1.54 in the
preceding fiscal period.
Safeway Stores sales in weeks
ended April 81 totaled $48 ,465 ,921, g
gain Of .6l9o from year ago; in II
weeks ended the same date, 1892,
997, ,757, an increase of 1.11%.
Kansas City Southern Railwa,
was authorized by the ICC to issue
$7,700, 900 of 21aS5 promissory note.
to help finance redemption on JULY
of $14,000,000 of SO bonds.
Consolidated Vultee Aircraft Corp
will move its Stout Research Divis.
ion from Dearborn to Nashville a.
soon as possible.
Albany g. Susquehanna Railroad
stockholders approved merger ints
the Delaware & Hudson Railroad.
Missouri Kansas Texas Railroad
appointed Horace M. Warden vic,
0resident and general manager.