Evening star., 1945-09-19
Business Briefs
Electric Power Consumption r

Electric Power Consumption rose
to 4.106, ,187, 900 kilowatt hours in the
week ended September Is VS.. 3,9O9,-
100000 in the perceding week and
1894 ,839 900 in the like 1914 week,
the Edison Electric Institute an
nounced.
Commercial, Industrial and Farm
Loans of member banks in l01 lead
ing cities totaled S6,095 100000 on
September IL, a gain of $4,000, 900
from week earlier and $4,000, 900
above year ago, reported the Fed
eral Reserve Board.
August Building Permit Values
reached a new 1945 peak of S113,-
540,306 in 2l5 cities, reported Dun g.
BradStreet, Inc. They were 27.4%
above the previous month, but 80
behind a year ago. when the total
was swollen abnormally by sharp
New York rise. Permit values in
months of 1945 totaled SCOT 1885,
568. up 20.5%o from year ago.
Railroad Operating Revenues in
August were 11.19o below a year ago
the Association of American Rail-
roads estimated. Freight revenues
were down 12.12%o. while passenger
receipts declined 6.2%.
Chesapeake & Ohio Railway di-
rectors fixed at 3h9o the dividend
rate apr cumulative preferred stock
to be-offered in exchange for Nickel
Plate, Pere Marquette and w. & l..
E. i~ferred in the proposed unfit
cat Nickel Plate and Pere Mar
que.ya directors approved the mer-
ger plan.
Public Service Co. of Indiana re-
ceived a high bid of 101 80 for
S48,000,O00 of 3s% first mortgage
bonds from HalSey, Stuart g. Co.
Reoffering was planned Friday at
10246. Glore, Fofgan & Co. offered
l0l55 for 10000 shares of the firms
4.4Fo preferred. Reoffering was
planned at 1882.
Ell Paso Electric Co. asked SEC
permission to reclassify 10000 COM
mon shares into 38l 1894 shares to
facilitate distribution of Ell Paso
shares to stockholders of Engineers
Public Service Co., parent firm.
Muskogee Co. registered with the
SEC S2,000,000 OF collateral trust
bonds and S500,000 of serial notes to
finance redemption of SO cumula.
tive preferred stock.
Murray Corp. of America stock
holders authorized issuance of 200,-
900 shares of Az cumulative pre-
ferred stock, $50 par, and an in
crease in authorized common from
100000 to 1,750,0O0.
American Ice Co. stockholders will
vote November on a plan to create
a third class of stock in the form of
56.49l shares of SO cumulative, re-
deemable preferred stock.
Kaiser-Frazer Corp. leasing o1
the big Willow Run bomber plant
will be announced in a few days
according to usually well-informeo
sources in Detroit.
Transcontlnental & Western Air
Inc, will inaugurate the worlds
first 300-mile-an-hour commercial
airline service in a few weeks. 1,
will provide a l4-hour New Yorl
to Europe schedule and a 10-houl
transcontinental service.
Atchison, Topeka g. Santa FL
Railway earned $31, ,704, 1895 or Sll.57
share in 7 months ended July 81
VS.. $24 ,972. 1886 or $3.50 year ago.
Louisville g. Nashville Railroad
net for Z months ended July 81 wa!
$12,693, 1896 or $5.42 VS.. $10,096, ,453 o.
$4.31 in the same 1914 period.
Kansas City Southern Railwa,
earned $2,470,235 or 1888 in
months ended July 81 VS.. $2,028 oil,
or $3.01 year ago.
Seaboard Air Line Railway net fo
months ended July 81 was $1,000,
402 VS.. $5,765,317 in the same 1874
period.
Pere Marquette Railroad declare,
a dividend of $1.25 a share on prio
preference stock, payable Novembe
l. Net for months of 1945 wa
$4,743,112 VS.. Sab, 1853 a year age