Evening star., 1943-06-04
Business Briefs

D09SlBSS0 ~ 1919
Commercial Airline Earnings in
II months ended January 81 totaled
$25, 1877 ,298, compared with 1929
32l In the preceding year, reported
the CAB. Gross operating revenues
totaled $108,154,738, a gain OF ap-
proximately $500 900 over the pre-
ceding year. and expenses totaled
S82,4l7,440, a drop of $4,000, 900. Air
lines operated only about one-half
the equipment they had prior to the
war while actually carrying q heavier
volume OF business.
Freight Loadings in the week
ended May ~ totaled 852,518 cars. a
gain Of 9,184 cars or 1lqo over the
preceding week. and a gain OF 56,897
cars or 7.2% over year ago, the
Association of American Railroads
reported.
A New Pig Iron Production Record
for a single furnace has been set by
the Great Lakes Steel Corp, Detroit
division of the National Steel Corp,
according to president George r..
Fink. During May the Great Lakes
B" furnace produced 49, ,705 net tons
Of iron, 800 more than its rated
capacity.
Breaking Their Previous Record,
workers at the Hamilton plant of
the American Rolling Mill Co. dur
ing May fattened their batting aver
age and heightened their lead as the
Nations No. blast furnace crew.
The new peak, 8 in IA months.
topped the previous high established
IN April by 1000 tons, the company
reported.
Conversion to War Production in
the wood furniture industry has
reached approximately 800, accord
ing to Frank E. Seidman, president
OF an accounting firm which indexes
the industry. The industry turned
out near-record production of
civilian goods in 1912, and Mr.. Seid-
man said 1870 of the years capacity
was channeled either to production
of war materials or furniture for
war agencies.
Legal Steps TO Demobilize War
Manufacturing should be provided
Immediately to give industry the
green light" on future peacetime
production. said George T. Christie
pher, president of the Packard Motor
Co. I'VE want to shorten the in
terval between all-oat war and ALL
out peace production to provide the
quickest possible postwar employ
ment," he declared.
World Rubber Consumption, in
cluding both natural and synthetic
production. may reach total of
2,000, 900 tons year after the war,
or nearly twice as much as has been
consumed up to now in any one year.
said John L. Collyer, president of
B. F. Goodrich Co., in a talk before
the New York State Chamber of
Commerce.
Brokers' Loans on securities held
by reporting member banks, in New
York City totaled $3.50, ,000, 900 in the
week ended Wednesday, a decrease
of s103 900 900 compared with the
previous week A year ago loans
totaled 100000, 900.
Chicago. Rock Island 4 Pacific
Railroad reorganization plan under
section II of the Federal Bank
ruptcy Act was disapproved at Chi
cago by Judge Michael L. Igloe.
The court announced it would, on
motion of interested parties, order
the plan referred back to the ICC
for reconsideration.
National Power & Light Co. hold
ers voted to retire $4,000 of the out
standing 10000 shares of Sc pre-
ferred stock, utilizing funds from
sale of the Houston Lighting &
Power Co. to effect the redemption
at 100 and accrued interest. Plans
are under consideration to retire the
remaining 10000 shares in the near
future and distribute the proceeds,
along with the remaining available
assets to common stockholders,
President P. B. Sawyer told stock
holders.
American Type Founders earned
$1,111,l50 or sl.95 a share in the
fiscal wear ended March 81. COM
pared with $810,l51 or sl.42 a share
in the preceding year.
TranscontjhentaI & Western Air,
Inc, earned s313,327 or 80 cents
share in the first 1943 quarter, COM
pared with deficit of $310,651 in
the same period last year.
Rustless Iron & Steel Corp. earned
1922 $50 or 86 cents a share in the
March quarter compared with $576,-
OIL or go cents a share in the same
1912 period.
Greyhound Corp. earned $l,941 ,405
or 68 cents share in the first 1943
quarter, compared with a revised
net of 81 cents a share in the same
1912 period.
Lanston Monotype Machine Co.
earned $1l8,240 or 1892 a share in
II months ended February %, COM
pared with $93,079 or $1.S2 a share
In the preceding year.
Fuller Brush Co. announced A.
Howard Fuller, 30, vice president
and director Of production had been
elected to succeed his father as pres
ident OF the firm. His father, Alfred
c. Fuller, has been named chairman
of the board.
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