Evening star., 1944-07-24
Business Briefs

Steel Mill Operations in the cur
rent week are scheduled at 95.9oe of
capacity, indicating production of
l,7l7800 tons, the American Iron
IL Steel Institute announced Fig
ures for last week were 972oo and
l,74l 300 tons. a month ago. 95.7oe
and. l.7l4,300; year ago, 97.4%o and
l,697000.
National Income in May approx
mated st2,091 100000. compared
with Sll.984 100000 in the pre-
cedin2 month and sl2 .l02 900 900 in
the same l943 month, the Alexander
Hamilton Institute estimated.
Wheat Stocks in the four princi-
pal exporting countries approxi-
mated l,l70000.000 bushels on July
/. compared with l,148 100000 year
ago the Agriculture Department re-
ported The decline was the greatest
for any single year on record.
Hanchett Mfg. Co. registered with
the SEC S4500C0 of series A first
mortgage convertible 5loG bonds
maturing serially from l945 to 1864
ana 10000 shares of 81 par value
common to be reserved for issuance
on conversion of the bonds Pro-
ceeds will be used to pay off bank
loans.
Phillips Petroleum Co. and sub
sidiaries earned $4,000 538 or sl.83
share IN the first half VS. S7.345,3I5
or 81 81 on a smaller number of
shares year ago.
Republic Aviation Corp. net for six
months ended June 80 was 81 300, ,l76
or Sl.84 a share, before renegotia-
ton. but after a reserve of 1859 ,7O1
tor postwar contingencies. No COM
parable figures for a year ago were
available.
Shell Union Oil Corp. earned ST.
699.0ll or 81 cents share in the
June quarter, compared with SIS 1863.
Oo6 or Al cents a year ago For the
first half, net was Sl4 ,507 1863 or 81 .O8
vs.. Sl0,435, 1874 or 80 cents.
Union Carbide & Carbon Corp
earned s9,l22.837 or SO cents a share
in the June quarter, before renego-
tlatlon, compared with S9,696.633 or
Sl.05 in the same 1943 period
Sun Oil Co. net for the first hall
was s7,787,133 or S267 a share before
renegotiation, VS.. S5,7l1 ,593 or Sl.94
year ago.
Life Savers Corp. earned 1904 IA
or Sl72 in the first half, compared
with $517846 or S1.47 in the sam,
1943 period.
ZOnite Products Corp. estimated
net for the first half was $3.50 900 OF
81 cents VS.. S270.347 or 80 cents s
year ago.
Thatcher Mfg. Co. net for the frs
half was S469 .0Gl or Sill a common
share VS.. Sl663 $40 or Sl.46 a pre-.
ferred share in the same l943 period
Checker Cab Mfg Corp. earned
S190,606, or Sl.76 a share in the first
half, compared with Sl97,632, or
Sl.82 a year ago.
McGraw-Hill Publishing Co. net
for six months ended June 80 was
S662 ,342 or $114 a share VS.. 1892. .742
or $10l larger number of shares
a year ago.
Sinclair Oil Corp. reported its
producing subsidiaries completed &C
producing oil wells in the first half
compared with "a in the same l94a
period
Associated Electric Co. proposal
to sell outstanding stock of Ports
mouth tOhiol Gas Co. to A. L. Klees
and George Shaw of Long Island
N. Y, will be considered by the SEC
at 8 hearing August 3.
stekely Bros. & Co, Inc, is plan
nlng to take over II additional can
nerles by acquiring properties OF
CHAMPION Canneries, Inc, and its
subsidiary, w. R. Roach Co.
Mack Trucks, Inc, appointed DR.
Walter M. Mitchell director of re-
search.
Illinois Central Railroad named
Joseph l.. Sheppard general traffic
manager He has been freight traf-
&c manager.