Evening star., 1946-01-23
Business Briefs

Electric Power Consumption de-
clined to 4,l50,OO0, 900 kilowatt hours
in the week ended January 19, a
drop of $50 from the previous week
and 9.6Go below the like 1914 week,
reported the Edison Electric Insti-
tute.
Demand Deposits of member
banks in 10l leading cities totaled
s37, ,728 900 900 on January 16, gain
of s344 900 from a week earlier
and $2,042 ,000, 900 above year ago
the Federal Reserve Board an
nounced.
A Steel Price Increase of Sc a tor
IS being considered by Government
officials as a means of ending the
Nations largest steel strike, re-
ported in the magazine Iron Age.
Kaiser-Frazer Corp. announced
SEC approval of price of $20.25 q
share for its offering of 100000
new common shares. The current
over-the-counter price is $23 bic
and $24 asked. No Ohio broker will
be able to handle the shares. The
state securities division announced
registration was withdrawn. Mich
igan's Blue Sky law barred sales in
that State also.
Consolidated Industries, Inc, reg
istered with the SEC 10000 shares
of SIS par value SO cumulative pre-
ferred and 10000 shares of 10 cents
par value common to be offered pub
licly in units consisting of one pre-
ferred and one common share at
IS a unit.
Robert Gair Co. registered with
the SEC 410,4S1 common shares to
be offered present holders at the
rate of new share for each held
Proceeds and other funds will pro-
vide 100000 of new equity capital
required for a $10,000,0 900 bank loan
Schenley Distillers Corp. stock
holders will vote March Is on a pro-
posed 10-for-7 split in common stock
and an increase in authorized shares
from 100000 to 100000.
Pennsylvania Railroad placed
s21 100000 of orders for 214 passen-
ger cars from American Car &
Foundry, Edward G. Budd Manu-
featuring and Pullman-Standard.
Standard Oil Co of New Jersey
ordered a slight cut in wholesale
gasoline prices for North and South
Carolina and parts of Tennessee,
Virginia and West Virginia.
Liggett e. Myers Tobacco Co.
earned $14,938,836 or $4.3O a share
in l945 VS.. $14 4,793, ,459 or $425 in the
previous year.
National Power g. Light Co. earned
$3,663,35 or 81 cents in IL months
ended october 81 VS.. $4,076, ,234 or rs
cents in the previous year.
Ell Paso Natural Gas Co. profit for
IL. months ended November 30 was
50, ,093, ,12l or 1881 VS.. $2,260,963 or
1888 in the preceding fiscal period.
American Distilling Co earned
$497 ,542 or $1.99 in the last 1945
quarter, exclusive of $1,578,00 nom
recurring profit on sale of stock to
affiliated company VS.. $282,06 or
S1.13 year ago.
Servel, Inc, pror1r for IL months
ended October 81 was 81 ,464 $50 or
So cents VS.. 81 l,663,730 or SO cents in
the preceding period.
United States Lines estimated
1945 earnings at $2,089 900 or $l.52
VS.. 81 ,383, $50 or 81 cents, excluding
ndnrecurring items, in 1914. The
49, estimate included $660,000 of
n0nrecurring items.
Manhattan Shirt Co. profit for IL
months pended November 80 was
$461 1853 or $231 VS.. $509,986 or $2.45
1nathe preceding fiscal period.
Adams Express Co. assets on De-
ceInber 81 totaled 1898 900 or
S2998 share VS.. S26,281, $40 or
S1982 at the end of 1914.
Scrvel, Inc, announced no diyi-
dend was declared on common stock
because of uncertainties. Previous
quarterly payments were Is cents.
Chesapeake e. Ohio Railway re-
ceived the resignation of Carl E.
Newton as president, effective April
%. He will return to his New York
law prassice.