Evening star., 1945-01-10
Business Briefs

Electric Power Consumption rose
to 4,427 ,281 900 kilowatt hours in the
week ended January 6, compared
with 4,225,814,000 in the previous
week and 4,567 ,959, 900 a year ago,
the Edison Electric Institute re-
ported.
Demand Deposits of member
banks in 101 leading cities totaled
$34, 4,667 100000 on January 3, de-
cline of S375, 100000 from a week
earlier, out $685. 10000 above a year
ago, the Federal Reserve Board re-
vealed.
Inspected Meat Output in the
week ended January 6 approximated
294,000,000 pounds, gain of 1870
over the previous week, but 22eo be-
low year ago, the War Meat
Board estimated.
Steel Production in 1914 broke all
records for fifth consecutive year
totaling SO, ,552 ,961 tons VS.. 88 1886, 1866
in 1943, the American Iron & Steel
Institute disclosed.
Income Payments to individuals
in November totaled $13,309 ,O00, 900
gain OF 80 over year earlier
the Commerce Department esti-
mated. The departments index
rose to 23799o of the 1859 aver
age, new record.
New Offerings Today included
S5l, ,782 900 of Pennsylvania Rail-
road Bonds at l01 .68 $4,000 common
shares Of Dayton Rubber Mfg. Co
at 23l2; 100000 preferred shares
of Monogram Pictures at 10: $475,.
600 of Montgomery County. Md.
bonds; $1,000,000 of West Virginia
State road bonds.
United States Steel Corp. reported
finished steel shipments by sub
sidiaries in 1914 set new record OF
2l,150,,788 tons VS.. 0,147 SIG in 1943
December shipments totaled 1,767,
800 tons VS.. S1,743,753 in November
and 1,719 624 a year earlier.
American Airlines, Inc, is con-
templating a general reduction OF
612% in passenger fares about
March l, said President A. N. Kemp
Packard Motor Co. gross business
in 1914 probably exceeded $450,0 0,000,-
900, compared with $341 600, 600 in
1943, declared President George T
Sili lildy NC 1CoS
than in 1943 because of price cuts or
war contracts.
Standard Oil Co. of Ohio, parent
of all Standard Oil organizations
celebrated it's 18th birthday. THE
oil industry just woke up Is years
ago to the fact that it is chemical
industry" commented President
w. T. Holiday. I'VE have just
started in the synthetic field"
Chicago, Milwaukee, st. Paul &
Pacific Railroad reorganization plar
has been approved by the necessary
662s majority of all classes of duali.
fed security holders, the ice
announced
Collins & Aikman Corp. earned
s1,439,132 or $2.31 share in
months ended November Is, befor,
renegotiation, compared with ST..
034, ,421 or $1.57 in the same 1874:
period.
United Gas Corp. net for l:
months ended September 80 wa
s7,073.277 or $15.72 on first preferred
stock. compared with $8.38924 o.
s18.65 on first preferred in the pre-
vious year.
Colorado e. Southern Railway ne
for II months ended November 3,
was s2,162 ,808 VS.. S2,349, ,705 in tn,
same 1943 period
Thermoid Co. will purchase tn,
Los Angeles plant and equipmen
of Grizzly Mfg. Co. for an unspeci.
fled amount of cash and Thermoic
preferred.
OSullivan Rubber Co, Inc, re.
ceived an additional $65, 1000 from
Defense Plant Corp. for equipment
at its Winchester, Va, plant.
National Retail Furniture Associa.
tion elected Edwin B. Spangentha
of Buffalo president at its Chicago
convention.
Johns -Manville Corp. elected Ken
meth w. Huffine vice president. He
will head a new engineering depart
nent.