Evening star., 1945-01-17
Business Briefs

Electric Power Consumption rose
to 4,614 1884 900 kiloWatt hours in the
week ended January 13, compared
with 4,427 ,281 900 in the previous
week and 4,539, ,O83,O 900 in the like
1914 week, the Edison Electric In
stitute announced.
Demand Deposits of member
banks in 101 leading cities totalec
S35, 112,000,000 on January 10, gair
of S445, 100000 from a week earlier
and S804,000,000 above a year ago
the Federal Reserve Board disclosed
Sale of New York Stock Ex-
change Seat for SOL 900 was record
ed, a decline of $4,000 from the last
previous deal
Tide Water Power Co. offering o1
81 100000 31s% bonds and 81 900 ,0O(
of 35s% debentures was marketed
by w. C. Langley g. Co. and associ.
ates at 10148 and 10096, respec.
lively.
Philip Morris e. Co. offered 199,-
BAT shares of new 40 preferred
stock to holders of 41aq6 and AZ %
stock on a Share-for share basis
Common holders were given rights
to buy the new shares at S10550 or
the basis of l for each shares
held.
Armour & Co. registered with the
SEC $30,000,000 of income debentures
with which to refund existing III
debentures.
Louisville e. Nashville Railroad
was authorized by the ICC to sell
S53,835.000 of series F 3as% first
and refunding bonds at 1O4.66.
Oklahoma Gas e. Electric Co.
registered with the SEC S35 900 ,OOO
OF first mortgage bonds to finance
redemption of a like amount OF
324Fo bonds at 1041z.
j. P. Morgan G. Co. earned $5,314,-
804 Or $26.57 a share in 1914 VS.. 81
$4,000 or S21.66 in 1943. =
Nickel Plate Railroad net for 1914
was 1925 1924 VS.. S9,188,O26 in the
previous year.
Pullman Co. earned S2914.572
from sleeping car operations in No
vember VS.. s1,542, 1913 year earlier.
Net for II months was $6,682 ,737 VS.
$5,728,O36 year earlier.
Gar Wood Industries, Inc, profit
for II months ended October 81 was
S1,004,477 or ST a share VS.. STAG. 1872
or Is cents in the previous year.
Sparks Wilmington Co. earned
S480,593 or So cents in months end
ed December 81 VS.. $469,673 or 81
cents a year ago.
Alton Railroad Co. reorganization
plan was filed in Federal Court al
Chicago by committee claiming te
represent holders of more than 1O%
OF outstanding mortgage bonds oi
1949. 1t called for capitalization Of
$73,000,000.
United Air Lines plan to cut pas.
senger fares at least 1919 and rounc
trip tickets another SO stirred
the air transport industry. Amer.
ican Airlines previously announced
its fares would be cut 61aT. United
will oppose a CAB move to lowe,
mail rates.
Willys-Overland and Motors, Inc.
production in 1914 was 34% above
the previous year. Stockholders an.
proved elimination of preferred
stock redeemed August / and re.
duction in authorized stock to 1885,.
600 common shares.
Seiberling Rubber Co. announced
a 81 100000 expansion of its Barber.
ton plant to meet needs for heav,
duty military tires.
National Bond g. Share Corp. as.
sets on December 81 totaled 1880.
109 or $25.97 share VS.. $3.50 q
year earlier.
United Corp. was granted an SEC
extension of year to August IA
1945, to complete compliance with 8
simplif1cation order.
West Virginia Pulp & Paper Co
elected David L. Luke, jr., president
to succeed Thomas Luke, who re-
tired after serving the firm more
than so years.