Evening star., 1946-01-09
Business Briefs

Electric Power Consumption rose
to 3,045, ,000, 900 kilowatt hours in the
week ended January VS.. 3,758 ,942,
900 in the previous week, but was
1920 below 4,427 ,281 900 in the like
l945 week, the Edison Electric In
stitute announced.
Demand Deposits of member banks
in 101 leading cities totaled $37,066,-
100000 on January 2, a decline of
S49G,000,000 from a week earlier, but
S2,399 100000 above a year ago, re-
ported the Federal Reserve Board.
Steel Payrolls in November totaled
S122, ,796, 300 VS.. $121 ,258, 100 in the
previous month and $143, 10000 a
year ago, the American Iron & Steel
Institute disclosed. Employees aver
aged $4,000 VS.. 521, 700 in the pre-
vious month and 564,200 a year ago
Meat Production of Federally-in-
spected plants approXimated 301,-
100000 pounds in the week ended
January 5 VS.. 240,000,0O0 in the pre-.
vious week and 100000 900 year ago
the Agriculture Department esti-
mated.
Atlantic Refining Co. offering ot
S25 100000 20-year 25s % debentures
due 1866, was marketed by a syndi.
cate headed by Smith, Barney & Co
at 101 and accrued interest. Com.
mon holders were offered 102 ,00(
shares of 3.69o preferred at 101 Y
under rights expiring January 20 or
the basis of a new share for each
Is common shares held.
Carrier Corp. offered to common
stockholders about 118,257 shares OF
$50 par value cumulative 40 pre-
ferred stock until January % on the
basis of % preferred shares for each
100 common shares held.
International Business Machine.
Corp. declared a quarterly dividend
of $1.50 common share, payable
March II. The payment will be or
an increased number of shares as
certificates under a 5-for-4 stock
splitup will be mailed to holders OF
record January 16.
III. L. Green Co declared an extra
of Is cents and regular quarterly
dividend of IS cents common share
both payable January 29 The firm
paid so cents a quarter previously
with an extra of so cents a year
ago.
New York Telephone Co. earned
s25, ,769,138 in IL months ended No.
vember 30 VS.. $24,752,195 a year ago
Illinois Bell Telephone Co. net fol-
II months was $9,569, ,222 VS.. SIS, ,687,.
l57 in the same 1914 period.
Bell Telephone Co. of Pennsyl-
vania earned $685., ,29O in IL months
VS.. 6,403 ,357 year ago.
Bank of America earnings for 194s
totaled $45, ,591 1913 VS.. $42,529, ,582 ir
1914, President Giannini reported.
Norwalk Tire G. Rubber Co. profit
for II months ended September 81
was $223,052 or 95 cents a share VS.
Sl56,142 or 62 cents in the preceding
fiscal period.
]. j. Newberry Co. sales for De-
cember totaled $16,605, ,120 a gain OF
56% from year ago; for II months
Sl00, ISL ,905, an increase of 51go.
Edison Bros. Stores, Inc, sales in
December totaled IS ,497 ,653, a gain
Of 0.9% from year ago; in IL
months. $53.216,900, an increase OF
1870.
Mercantile Stores Co. sales fo1
December totaled $10,960, 300 an in
crease of 21.1qo from a year ago, fol-
II months ended December 81, $780,
35l 1888, a gain of 26.19o.
Albin Hagstrom, Inc, purchased 9
factory in jamestown, N. Y, for the
manufacture of accordions. Tht
firm also has plants in Sweden ano
Denmark.
Mutual Life Insurance Co. of New
York will pay $14,850 900 of divi
dends to policyholders in 1916. TIL,
rate viii be unchanged from 1945.
Henry Kaiser's Fontana Plant ha!
received a second steel order from
the French government, this one fol
$4,000 tons of steel plate An earliel
order of 5000 tons is being shipped
General Motors Corp. announced
the resignation of James D. Moone,
as a director and vice president tx
become chairman of Technica
Managers, Inc, an engineering firm
providing counsel in the foreign
field.