Evening star., 1945-12-19
Business Briefs
Electric Power Consumption rost

Electric Power Consumption rose
to 4,154 ,061 900 kilowatt hours in the
week ended December Is VS.. 4,096,-
$4,000 in the previous week, but
was go below 1853 ,079000 in the
like 1914 week, the Edison Electric
Institute announced
Demand Deposits of member banks
IN l0l leading cities totaled S37, ,331, =
100000 on December u, a decline of
100000 from a week earlier, but
81, 514,000,000 above a year ago, re-
ported the Federal Reserve Board.
Meat Production last week ap-
proXimated 375,000,0O0 pounds VS..
400,000,000 in the previous week and
392,000,000 year ago, the Agricul-
ture Department estimated.
New Securities Marketed Today
included 120,778 shares of Wilson &
Co. $4.25 preferred at 100, 10000
shares of Fleming Tobacco Co
SO preferred and 10000 common
shares at SIS per unit of one pre-
ferred and one common, 1878
shares of Southern Advance Bag &
Paper Co. 412% preferred at 1922
0G,GUO,UOO VI N1dlllC I OUllS oCl ftIS
Co. 27sqo bonds at 1914.
Sale of Pullman Co. to 50 rail-
roads for around S75 100000 was ap-
proved by a three-judge special eX-
pediting court at Philadelphia.
GIenmore Distilleries Co. ar
a revolving credit of SO 100000 with
10 banks and Mutual Life Insurance
Co. of New York.
La Consolidate, largest steel con-
Germ in Mexico, registered with the
SEC 166,667 shares of new convert
ible preferred stock to finance con-
struction of $3,00O000 mill
G. r. Kinney Co. cleared all divi-
dend accumulations on the SIS prior
preferred stock with a declaration
of So share, payable January 13.
International Nickel Co. of
Canada production is running $50
below the war peak, said Chairman
Robert c. Stanley. Long-range
prospects are favorable, he added.
Barium Steel Corp. acquired con-
troll of Globe Forge, Inc, and is
negotiating to take over a group of
companies in associated lines of the
steel and manufacturing industries.
Pathe Industries, Inc, has entered
film distributing agreement with
j. Arthur Rank, leading factor in
British motion pictures.
Louisville e. Nashville Railroad
earned SIC, ,720,984 or STA a share in
10 months ended October 81 VS.. $14,-
439, ,469 or S617 a year ago.
Seaboard Air Line Railway net for
IL months was $1,344 ,427 VS.. $7,71O,-
Gil; for October, SIG, 500 VS.. $500 1857.
Punta Allegra Sugar Corp. profit
for IL months ended September 80
was $1,877 1862 or $4.59 VS.. S1,955, ,465
or S477 in the preceding fiscal Pc
riod.
Atlas Imperial Diesel Engine Corp.
earned $3.50, 1877 or $1.99 in II months
ended October 81 VS.. $415 ,924 or s2.30
year ago.
Piper Aircraft Corp. has orders
for 5000 cub size and 5000 cruiser
size planes and expects to attain a
total output of 5000 to 10000 small
aircraft in 1916.
American Crystal Sugar Co. di-
rectors approved construction of a
modern sugar beet factory at Moor
head, MINI. to be completed in time
to handle the 1947 crop.
Sears, Roebuck e. Co. will build a
$2,000,000 mail order plant at
Greensboro, N. G..
Luscomb Airplane Corp. will COM
plete transfer of all operations from
Trenton, N. j.. to Dallas, Tex, by
the end of the year.
Pennsylvania Central AirIines ap-
pointed James H. Carmichael execu-
tive vice president.
Northeast Airlines named Milton
n. Anderson vice president and gen.
eral manager.