Evening star., 1943-11-29
Business Briefs

A Gradual End u Victory Models,
q slow increase In civilian supplies
and . partial easing OF some Of the
expected headaches Of reconversion
can be envisioned by optimists q q
result OF developments OF the last
week. wrote Gareth Muchmore OF
the Associated Press from New York.
Key announcement was the OCR
order releasing minor quantities Of
steel, aluminium and copper for
civilian use. A similar action was
taken in Canada. And from London
came . report that textile mills were
producing civilian cloth for storage
against future demand.
United Air Lines stockholders will
vote December AZ on q proposal to
change the name Of the company
from United Air Lines Transport
Co. to United Air Lines, Inc; to
authorize 200, 900 shares OF 500 par
value preferred stock; to increase
the common from 2,000. 900 to $500, =
600 shares; to raise the par value
Of this stock from IS to $40 q share,
and to authorize 10000 shares Of
management stock. The preferred
would be offered to common holders
late In December on the basis Of
seven shares for each 100 Of common
presently held, and would be con-
vertible into common.
National Refining Co. stockholders
will meet December Z to consider
contracts to sell 100 service stations
to Shell Oil Co., Inc, and certain
other properties, including a Cof1ey-
vile, Kans., refinery, to the Co.
operative Refinery Association Of
Kansas.
Consolidated Copper Mines Corp.
earned 1892 ,270 or IL cents 4 share,
before depletion, In nine months
ended September go compared with
$471 ,O57 or 20 cents a share in the
same 1912 period.
American Zinc, Lead 4 Smelling
Co. earned $531,271 or 10 cents a
share in nine months ended Septem-
Der 80, compared with 1888 ,667 or "a
cents q share In the same period
last year.
Van Norman Machine Tool Co.
earned $498 1893 or $2O8 a share in
40 weeks ended October 8, compared
with $3.50, ,622 or SAT- q share in the
same 1912 period.
Continental Air Lines, Inc, earned
$280,819 or $l12 a share in the fiscal
year ended June 80. compared with
% cents a share in the preceding
twelve months.
Allied Mills, Inc, management Is
opposed to a proposal for distribu-
ton Of q whisky dividend by its sub
sidiary. Century Distilling Co., in
stead Of sale Of the latter to Ma
tional Distillers Corp. The dividend
proposal came from Harry G. At
wood, Allied Mills stockholder and
son OF the firms founder, who is
opposing sale OF Century for
$27 ,000, 900.
Associated Gas T. Electric Co. and
Associated Gas & Electric Corp
trustee plans for reorganization
have been approved by the public
utilities division of the SEC, with
minor notifications and reserva-
tions Of jurisdiction.
Westinghouse Electric 4 Mfg. Co.
announced organization OF a new
lamp and electronic tube parts sales
department headed by George w.
Keown. At present the new depart
ment is confined to supplying war
products, but 1t will be expanded to
include items Of general need In the
electronicS field in the postwar
period.
Sweets Co. Of America, Inc, de-
clared a dividend of IS cents a share,
payable December is to holders Of
record December 8. The payment
will be the first since 1882.
York Corrugating Co declared .
dividend Of IS cents q share. payable
December 10 to holders of record
December !.
Chicago Mail Order Co. declared
dividend OF 30 cents 4 share. pay.