Evening star., 1945-07-05
Business Briefs


declined to $lo,sos, ,4l4, 900 in the
holiday week ended yesterday, COM
pared with $2,13s, ,7o6,oo0 in the pre-.
Ceding full week, but were S.1To
sbove ss,sl2 Ate, 900 in the like 1914
-7eek, reported Dun a. Brsdstreet
inc.
Demand Deposits of member
':snks in 10l leading cities totsled
$50, ,367 ,000, 900 on June n. a decline
# $809 900 600 from a week earlier
>ut $3,35s, ,Ooo, 900 above year ago
he Federal Reserve Board disclosed
\ sharp rise in Government deposits
,lso reflected the War Loan Drive.
Electric Power Consumption in
the week ended June 80 totaled A..
353, ,351 900 kilowatt hours VS.. 4,358,-
>77 900 in the previous week and
1922, ,359 600 in the like 1874 week
The Edison Electric Institute an
nounced.
Engineering Construction In
weeks of June totaled $190,614 900
an average of S47,654, 900 a week and
the highest weekly average since
November, 1943, the Engineering
News Record disclosed. The june
average was 45qo above the previous
month and 51% above year ago.
Standard OIL Co. of Ohio regis.
tered with the SEC 100000 share,
of series A cumulative preferred
stock to retire present preferred
prepay notes and mortgages ane
provide funds for expansion. Tht
firms crude output is averaging 2l,-
600 barrels a day VS.. l0,305 In 1914.
Bristol-Myers Co. stockholders au.
thorized 1000 preferred shares, oi
which $4,000 will be offered initially
with q dividend rate of 3s4 %.
Pan American Airways Corp
amended its registration of stock
and stock purchase warrants, fixins
a subscription price of $2l. so pei
unit. The company will offer 2,043,.
261 units instead of 1898 ,261.
Admiral Corp. registered with the
SEC 10000 capital shares, of which
1888 win be sold by certain stock.
holders. Company shares will pro-
vide additional working capital.
Milwaukee Electric Railway &
Transport Co. asked SEC permission
to purchase at par for retirement
10000 shares of capital stock. anc
redeem at par on August Is $400, ,00t
of Az bonds held by its parent, Wis.
eonsin Electric Power Co.
Florida Foods, Inc, registered
with the SEC $4,000 shares of 81
cumulative convertible preferred
stock and 100000 common shares.
Wesson Oil e. Snowdrift Co. earn
ed $1,s53,674 or $1.67 q share in
months ended June 2 VS.. s1,7e5, ,635
Or si.52 q year earlier.
kelsey-Hayes Wheel Co. profit for
months ended May 81 was $705 ,327
or $1.14 on combined A. and 3 stocks
vs.. $464,2 1868 or rs cents in the same
1914 period
Owens Corning Fiberglas Corn
Is negotiating with DPC for a $l5,.
600, 900 reconversion expenditure or
two factories in the Kansas City
area to manufacture superfine glass
flbers which will replace kapok ir
Navy life jackets.
j. r. Morgan a. Co. deposits on
June 80 totaled $766 ,961 ,546 VS.. $780,
765,085 on March 81.
Grayson Shops, Inc, sales fol-
June totaled $2,0l3, ,476, a gain o1
14s5 over year ago; for Q months
ended June 80, $18.507 SIS, a jumr
of l7oo from A wear earlier.
American Sugar Refining Co. sale
curtailment of raw sugar refininy
this week would not accentuats
shortages on the Eastern seabosre
or affect regular deliveries.
Ccnsolidated-vu vultee Aircraft Corn
received Navy orders for a cutbaci
IN production of Scawolf planes al
its Allentown plant The firm will
Start releasing employees this month