Evening star., 1944-09-18
Business Briefs
Steel Mill Operations for the Gu

Steel Mlll operations LOT lIle Cul
rent week are scheduled at 95.7'o of
capacity, indicating production of
1,714300 tons. the American Iron &
Steel Institute reported. Figures last
week were 942eo and 1857 400 tons;
month ago, 945co and 1925 800; a
year ago, 1O0.6To and 1,753,400.
Life Insurance Sales in the United
States totaled $70l, ,705 900 in August,
a gain of 12cc over year ago, while
the total for months this year was
,634,845 900, an increase of 16ct,
the Hartford Research Bureau an
nounced.
Fire Losses in the United States
during August totaled S30,618000.
gain of So over year ago, the Ma
tional Board of Fire Underwriters
disclosed
Potomac Edison Co. asked SEC
approval of a plan to redeem Sl6,-
981, 900 first mortgage 49, and So
bonds and issue the same amount of
3Aco bonds of 1874 for sale at COM
petitive bidding.
Arkansas Power & Light Co. re-
suance of 100000 shares of new
Sl .OU PAL SOllllllOll StOSh
through its parent, Electric Power
& Light Corp, was approved by the
SEC.
Erie Railroad invited tenders on
$l3000,000 Of first consolidated
mortgage 314 GO bonds of 1864. Pro-
ceeds will be used with other funds
to retire S7,430,000 of 3a.s due in
1850 and S5,955 900 first As due in
1857. Bids will be opened Sep
tember 26.
National Distillers Products Corp.
directors authorized redemption on
October 80 of s13,289,000 of con-
vertible 3l2cc debentures of 1949.
The bonds will be paid off at 102
and interest from proceeds of a
S15,0000OO term loan arranged
through the New York Trust Co.
Safeway Stores, Inc, sales for 4
weeks ended September totaled
S49,98l,871, gain of 96Go from a
year ago: for 36 weeks ended the
same date, S448, ,46l ,9O6, an increase
of 112ec from a year ago.
United Air Lines reported rev.
enue passenger miles in August set
a record of 45,697O00 VS.. 33,867,212
a year ago, Jump of 35co. Air
plane miles totaled 2,771 ,840 VS..
1,903,274. an increase of 49,.
Middle West Corp. earned 1854
ITO or SO cents share in the first
half of 1914. compared with $l,932.-
958 or So cents in the same 1943
period.
Standard Products Co. net for 12
months ended June 80 was $613,320
or s204 a share, before renegotia-
ton, combined with $160,403 or So
cents in the previous year.
Midwest Refineries, Inc, earned
$200l01 or 20 cents a share in IL
months ended June 80 VS.. S220, ,445
or 80 cents in the preceding period.
Billiard Co. reported net loss of
s286,692 for 6 months ended June
30, compared with profit of S1,161,-
BOB or $421 share in the same
1943 months.
Chicago Yellow Cab Co. earned
s188.798 or 73 cents a share in 6
months ended June 80 VS.. S237, ,73S
or 81 cents a year ago.
Lehn e. Fink Products Corp. profit
for u months ended June 80 was
$697, ,845 or SITS share, before re-
lcsOtldllOll, CUlllJdIeu WIFI y Io,USt I
or $l.96 in the previous fiscal period.
Duplan Corp. earned $497 059 or
S1.54 share in the fiscal year end
ed May 81, compared with SAL, ,537
or $l.33 in the preceding year.
Wabash Railroad net for months
ended July 81 was S3571,171, or $3.50,
VS.. $4,891,7l2. or $6.81, a year ago.
Veeder-R Inc, earned $438,563
or $219 share for the year up to
August 13, compared with $494 552,
or S2.47, in the corresponding period
last year.
American La France Foamite Co.
notified holders that 51a % bonds of
1856 have been called for payment
on October Is at 105 and accrued
interest.
Eugene Freeman Co. registered
with the SEC 100000 in trade ac-
ceptances of notes to be issued in
$4,000 and $4,000 certificates. Pro-
ceeds will be used for expansion.
SocOny-Vacuum Oil Co. elected
Wilbur F. Burt vice president and a
member of the Executive Committee.
Seaboard Air Line Railway ap-
pointed w. G. Jones general pur-
chasing agent. He has been execu-
tive assistant to the receivers.