Evening star., 1945-01-31
Business Briefs

Electric Power Consumption de-
clined to 4,576, $4,000 kilowatt hours
in the week ended January .27. COM
pared with 1888, 600 in the pre-
vious week. but remained 1.2eo
above 4,523, ,763 900 in the like 1914
week, the Edison Electric Institute
reported.
Demand Deposits of member
banks in 101 leading cities totaled
s35 ,987 900 900 on January "a. an in
crease of 1901 100000 over week
earlier and 173,0O0,O0O above a
year earlier. the Federal Reserve
Board disclosed.
Record Exports of the United
States in 1914 totaled S14O65 ,O00, 900
VS.. $12,7l4,000, 900 in 1943. Imports
of $3,911 900, 900 were highest since
1923 and compared with $3,372 ,000,-
900 In the previous year.
Armour & Co. offering of $50 .00O.-
600 AZ 20 cumulative income deben-
lures was marketed at par plus ac-
crued interest by syndicate headed
by. Kuhn, Loeb g. Co. Proceeds will
be used with other funds to redeem
s33,199,600 of TO debentures.
Southwestern Public Service Co,
offering of l7,500,O00 of 3h9o first
mortgage bonds and $4,000 shares of
4sz% 500 par value preferred stock
was marketed by group headed by
Dillon, Read e. Co. at 103A and
ll01z respectively.
Philip Morris g. Co. stockholders
subscribed to all of the company's
recent issue of 199,847 shares of 40
cumulative preferred stock, leaving
none for public offering.
Canada Dry Ginger Ale stock
holders subscribed to all but 3,756
shares of the 50,429 shares of s4.25
cumulative preferred recently Of
fered, and the remainder already
has been sold.
Revere Copper g. Brass, Inc, di-
rectors voted to spend $2,438 900
from cash on hand to redeem cz,040
outstanding shares of TO preferred
ats110 plus dividends on March 2.
United States Steel Corp. earned
s60,292,513 or s4.03 share in 1914
VS.. $62, ,631,742 or $430 in 1943.
Westinghouse Electric e. Mfg. Co.
profit for 1914 was s26,019,O96 or
6i1 VS.. $21 ,401 ,568 or $6.67 In 1943
Wheeling Steel Corp. earned $4,-
34.791 or $4.51 in 1914 VS.. $4, ,339 ,24e
rss4.43 in 1943.
Carpenter Steel Co. net for ;
lonths ended December 81 was
224,056 or 81 cents VS.. 1886 ,468 OF
0cents in the same 1943 period.
International DetrOIa Corp
lrned $1,103, 300 or $225 in l.
aonths ended October 81 vs. 81 .l91,-
100 or 1888 in the previous year.
Endicott johnson Corp. profit foi
y emonths ended November was
,1663,448 or 1894 VS.. $2,310,148 OF
,4B0 in the previous year.
Hancock Oil Co. earned 81 ,065 ,63(
or $4.75 in months ended Decem-
Jet 81 VS.. $737 1924 or 1929 in the
anne 1943 period.
Arlington Mills net for IL month.
ended December was $596,832 OF
s613 VS.. $685., ,899 or S96 in the pre-.
vious year.
American Distilling Co. earned
S202 2,060 or $1.13 in months ended
December 81 VS.. $254,725 or $40:
in the same 1943 period.
Eew York, New Haven e. Hartford
Railroad net for 1874 was 14,07l ,12l
vss $22 ,90l ,437 In 1943.
Adams Express Co. assets on De
cennber 81 totaled 1882 a share VS.
$3.50 a year earlier.
National Aviation Corp. assets OF
DECEMBER 81 totaled $19.03 shar
VS. 1852 a year earlier.
Life Insurance Co. Of Virginia re
established the ofiice Of board chair
maH elected Bradford II. Wake
to that post, and named Robert Z
Henley to succeed him as president
gnited Airlines, Inc, announce,
Pm. Wilcox will resign as vic
president-administrative March
to become vice president of Fred Ol
sen Line Agency. Ltd.