Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-03-13
Business Briefs

Demand Deposits of member
banks in 101 leading cities totaled
$37 1895 ,000,000 on March 6, a de-
cline of $215 ,000, 600 from a week
earlier, but $246, 900 900 above a year
ago-Federal Reserve Board.
Electric Power Consumption in
the week ended March 9 totaled g.
$50 $50 900 kilowatt hours, a drop OF
1857 from the previous week and
11.1% below a year ago-EdiSon
Electric Institute.
Western Union Telegraph Co. tool
no action on the usual dividend anc
blamed an increase of $25 600, 00C
in its annual wage bill.
Western Electric Co. failed to ACT
on a dividend for the first 1916 guar.
ter and cited operating losses result.
ing from increased costs and frozen
prices.
Chicago, Milwaukee, St. Paul 4
Pacific Railroad declared a dividend
of SIS q share on new preferred
stock, payable May l.
Pennsylvania Railroad declared
the usual 81 a share, payable April
Is, the roads Tooth anniversary. II
will mark the 99th consecutive year
the company has paid a cash return
Union Pacific Railroad awarded
$81 ,602 900 of 21aqo refunding mort.
gage series c bonds, due 1891, tt
Halsey. Stuart & Co. and associates
on bid Of 10127, representing the
lowest interest cost for major
long term loan IN the history OF
American railroad finance. Reoffer.
Ing was planned at 1929.
Scott Paper Co. registered with
the SEC $1,000 shares of no PAL
value cumulative preferred stock
and 67,065 common shares. The
common will be offered present
holders at the rate Of one for each
- held.
Alexander Smith e. Sons Carpet
Co. registered with the SEC $4,000
shares Of 500 par value cumulative
preferred stock and 156,3121s shares
Of common for expansion purposes
Great Northern Railway asked
ICC permission to issue SIS 600, 0O(
of general mortgage gold bonds, due
1882 and 20l0.' Bids were invited by
March 20.
United Light & Railways Co. plan
to sell 2,436 shares of International
Paper Co. SO cumulative convert
lble preferred stock was approved by
the SEC.
Wilson. g. Co. stockholders will
vote next Tuesday on a plan to cut
capital by $10,515,743 through elimi-
nation OF all S. cumulative preferred
stock.
Plough, Inc, stockholders will vote
April 16 on plan to split capital
stock 3 for 2.
Crowell- Collier Publishing Co
stockholders approved a 2-for-l split
in common stock
General Telephone Corp. stock
holders will vote April 10 on a plan
to acquire all assets of Associated
Public Utilities Corp.
Northwest Airlines ordered 1C
double-deok Boeing Stratocruisers
at a cost of $4,000 900, with deliv-
cries to start after January /, 1947
Atchison, Topeka & Santa FL
Railway reported 1945 net income OF
$39,216,271 or 1886 a share VS.. $685.
134,352 or 1891 in 1914.
New York Telephone Co. earned
$28, 916, SOC or $685. share In 1916
VS.. $27,071 ,408 or $6.43.
PhiladeIphia Electric Co. net 70,
ls45 was SIT 800, 273 or $1.56 VS.. $l6,-
798, 1913 or $1.50 in 1874.
Climax Molybdenum Co. earned
$7,167, 70l or $2.84 In l945 VS.. $685.
AS or 1886 in the previous year.
Lerner Stores Corp. profit for l.
months ended January 81 was ST.
753,719 or s2.17 VS.. $2,091 ,464 or $l.61
in the preceding fiscal period.
Carnation Co. earned $2,447, 480 Of
1888 in 1945 VS.. $2,236, o38 or $685.
In the previous year.
A. o. Smith Corp. net for
months ended January 81 was 1885,
092 or SO cents VS.. $l.324,456 or $2.6s
Q year earlier.