Evening star., 1945-03-07
Business Briefs

L'cShAC IVWci SoHSuIuptioH III
the week ended March 3 totaled
4,472, 10000 kilowatt hours VS.. A.
473,962 900 in the previous week and
4,464, ,686,000 in the like 1914 period,
the Edison Electric Institute an
nounced>
Demand Deposits of member
banks in 101 leading cities totaled
s37,O1S,OOO, on February %, a
jump of 1881 100000 from a week
earlier and s4,691 100000 above a
year ago, the Federal Reserve
Board reported.
Chain Store Volumes in Febru-
ary and changes from year ago:
w. T. Grant Co, 1858 1926, up 7fo: !:
Lerner Stores Corp, S5,657, ,785, up
1915; H. L. Green Co., $4,433 ,401,
up $3.50.
Firth Sterling Steel Co. an
nounced a New York group headed
by Lehman Bros. was concluding
negotiations for purchase of a ma
jority of its stock from British
owners. Production will be eX-
panded but management policies
will remain unchanged
West Virginia Water Service Co.
registered with the SEC 14000
shares of $3.50 cumulative preferred
stock and 100000 shares of no par
value common. New preferred will
be offered holders of present pre-
ferred on share-for-share basis
Common is being offered by John L.
Shea.
Mengel Co. registered with the
SEC 14,960 preferred shares and a.
$50 common shares to finance plant
expansion
Illinois Power Co. directors plan
to reflnance nearly all funded debt
by marketing S55 100000 first mort
gage bonds and S15,000,000 of de-
bentures this summer.
Central Vermont Public Service
Corp. plans to register $1,000 900 of
bonds with the SEC shortly to retire
like amount of 3123o bonds.
Railway reported net income of
$54,642, ,634 or $l991 share for 1914
VS.. $57 ,440,364 or $2l.1l in the pre-
vious year.
Chrysler Corp. earned S24,819, ,489
or $50 in 1914, before renegotia-
ton, VS.. $23, ,322 500 or $3.50 in 1943.
American Locomotive Co. profit
for 1914 was 1864 ,668 or $458 vs.
s6,626,515 or 5000 in the preceding
year. The latest total included ST.
295 ,261 for sale of securities.
American Home Products Corp.
net for 1914 was $5,l32 ,410 or IS .26
VS.. 81 1896, ,244 or $3.50 on fewer shares
in the previous year.
Mead, johnson e. Co. earned ST.
81l,414 or $10.26 in 1914 VS.. $2061, :
799 or SLIT in 1943.
Simonds Saw g. Steel Co. net for
1914 was 81 ,391 ,229 or $3.50 VS.. ST.
618,383 or $325 in the previous year
Victor Chemical Works earned
1,056 ,624 or $1.41 in 1914 VS.. $1,147,-
sos or Sl.53 in 1943.
Briggs e. Stratton Corp. net for
1914 was $960,379 or 1923 VS.. $685.
489 or 1924 in the preceding year.
Dixie Cup Co. earned $915, ,767 OF
$2.31 in 1914. VS.. sS04,972 or 1926 in
1943.
Consolidation Coal Co. net fol
1914 was $2,282, 1884 or $3.35 VS.. ST.
66l 1893 or $3.50 on fewer shares IN
the previous year.
Holland Furnace Co. earned ST.
563 1903 or $347 in 1914 VS.. $1,552,-
853 or $345 in 1943.
General Steel Castings Corp. net
for 1914 was 81 ,064, sos VS.. 81, SOC, ,275
in the preceding year.
Diana Stores Corp. earned $207,-
377 or $104 in months ended jan
uary 81 VS.. $182, ,291 or $1.53 on few
er shares a year ago.
Eastern Malleable Iron Co. net
for 1914 was $376,486 or $4.77 VS.
1882, $50 or SAT- in the previous
year.
Reynolds Spring Co. acquired all
capital stock of Cleveland Wire
Spring Co. for 81 ,400, 900.