Evening star., 1946-01-30
Business Briefs

Electric Power Consumption de-
cllned to 4,040, 900 000- 0-kilowatt hours
in the week ended January 26 VS.
also 100000 in the previous week and
was l1.7%o below 4,576, $4,000 a yea,
ago, the Edison Electric Institute an
nounced.
Demand Deposits of member banks
IN l0l leading cities totaled $685.
037 100000 on January %, a gain OF
S3O9,00O,OO0 from week earlier and
S2,05O,O0O,O00 above a year ago, re-
ported the Federal Reserve Board.
The Bank of Italy was reported BY
the Associated Press to be consider
ing devaluation of the lire in inter-
national exchange and establish
ment OF rate of 225 to the dollar
New York Curb Membership solo
for $35, 900, up $1,000 from the pre-
vious sale and highest price since
1886.
Railroad Net Incomes reported for
1945 and 1914 included: New York
Central, S24,412,5 VS.. $35 .78e. .939
Great Northern, $24, ,157 $50 VS.. s23.-
396, ,966; Texas Pacific, $7,361 ,8O8 VS..
S821 ,791; Pittsburgh & Lake Erie,
$3,572 ,242 VS.. $4.488, ,301,
Philip Morris & Co. postponed its
offering of $15,000,00O 21a% deben-
lures indefinitely following an
nouncement of a decline in Novem-
ber and December earnings.
Higgins. Inc, registered with the
SEC 1,400,000 common shares. of
which 100000 will be offered pub
licly and 100000 issued in payment
for New Orleans properties.
Regal Shoe Co. registered with the
SEC 425,000 common shares, of
which 100000 will be offered at 6.
BURY Biscuit Co. registered 1Oo.-
600 shares of $125 convertible pre-
ferred stock to be offered publicly at
$26.50 share.
Morris Plan Corp of America reg
istered with the SEC 100000 shares
of series A preferred stock, with
common stock purchase warrants at
tached, and 10000 common shares
LOgansport Distilling Co. regis
tered with the SEC 1876 900 common
shares to be offered publicly.
Hercules Powder Co. stockholders
will vote March 19 on a proposed
increase in authorized common
stock from 100000 to 3,525. .00C
shares and a 2-for-1 split in the
stock.
ID. A. Schultz, Inc, directors called
Tor redemption on March Is 24,6OC
preferred shares at 100 plus accrued
dividends amounting to $1.67a a
share.
Vanadium- Alloys Steel Co. de-
clared a dividend of so cents a com
mon share, payable March 2. Preyi-
ously quarterly payments were rs
cents.
Mead Corp. postponed indefinitely
stockholders meeting scheduled
Tor Yesterday to act on recapital-
1zatlon plan and a proposed shift
OF headquarters from Chillocothe tc
Dayton.
United States Steel Corn. earned
$57.045.093 or $3.65 a share in 1e4s
VS.. $50, ,791 .281 or $408 in 1914. Net
Tor the last quarter was $13.267 300
or 30 cents VS.. $10,985, ,624 or 54 cents
a year earlier.
commonwealth g. Southern Corn
profit for l945 was s14,584.928 VS.
1882 $50 in 1914.
Electric Power g. Light Co. earned
$1l ,085, lat in IL months ended NO.
vember 80 VS.. $7,6S7,744 in the pre-
vious year.
wheeling Steel Corp. net for 194s
was $3.50, ,252 or $375 VS.. $4,384. .78s
or $4.51 in 1914.
Remington Rand, Inc, earned s3.-
5O4,l7l or $1.64 in months ended
December 81 VS.. $3,900,836 or sl.S1
year earlier.
Mullins Mfg. Co. net for l945 was
S782236 or s106 VS.. 1926, 1877 or $1.3a
In 1914.
Arlington Mills earned s702 .084 or
$7.2l In 1945 VS.. $596,83l or s6.l3 in
{ the previous year.