Evening star., 1944-12-11
Business Briefs
Steel Min Operations were sci

Stcel Mill operations were ScneO-
uled for the current week at 96.9%
of capacity. indicating production OF
1,743 200 tons, the American Iron
g. Steel Institute reported. Figures
for both last week and a month age
were $50 and 1,727,000 tons; for 8
year ago, 99.3eo and $780, TOO tons
Sales of Chain Stores and mail
order houses in October reached 81
387,00O,000, a gain Of 40 over the
previous month and 40 above a
year ago, the Commerce Department
estimated.
United States Steel Corp. reported
finished steel shipments of subsid-
iaries set new record of 19 1888 ,18e
net tons in IL months of 1914, COM
pared with 18,525,206 a year ago
November shipments totaled 1,743,-
573 VS.. 1,774,969 in october and
1,660,594 year ago.
Safeway Stores, Inc, sales for four
weeks ended December totaled
s51,116,461, gain of 114eo over q
year ago; for SO weeks ended the
same date, s602, 1888, ,401, an increase
of 1877.
Western Union Telegraph Co.
earned $6 1904, ,909 in 10 months ended
October 81, compared with SIS, SOC, ,24e
in the same 1943 period.
Pennsylvania Power & Light Co.
net for IL months ended October 81
was $5,554,846 VS.. s5,890,339 a year
ago.
Carolina Power & Light Co. earned
s2,386,594 in IL months ended Octo-
Der 81 VS.. $2.562 ,622 in the same pc
riod last year.
Bankers Trust Co. stockholders
approved an increase in capital
stock from 2,500,OO0 shares to s.
100000. The new shares will be dis
tributed as a 20qo stock dividend
December %.
Southeastern Greyhound Lines
declared a dividend of 35 cents a
common share, payable March l.
1t will be first payment after a
1857 stock dividend is paid Decem-
Der Is.
Bliss & Laughlin, Inc, declared a
dividend of IS cents a common
share and dividend of 371a cents
on the SO cumulative preferred
boy payable December 30.
Baltimore e. Ohio Railroad &C
cepted bid of an interest rate Of
1920 on s1,059,750 equipment trus,
notes. series G, made by the Centra
Hanover Bank & Trust Co.
Western Electric Co., subsidiary
of Bell Telephone Co.. will begin
production of television transmit
ting equipment after the war.
Engineers Public Service Co. aSkec
the SEC for another four months ir
which to complete expenditure o1
s4,000,000 to reacquire IS, $3.50 anc
Sc cumulative preferred stocks. The
period will be extended to April IA
l945.
General Motors Corp. will shift thu
aircraft development section nov
operated by Fisher Body Corp. tx
the Allison division on February /.
Shell Oil Co. plans for a major
construction program at its Houston
refinery have been approved by the
WPB and contracts have been let tc
Foster-Wheeler Corp, C. F. Braun
Co. and Fluor Corp.
Northwest Airlines NAV move its
headquarters from Minnesota, where
It announced taxes on airlines have
been higher than in any other
State. The States right to tax the
airline's entire feet of planes was
upheld in the United States Su-
preme Court.
Adolph Gobel, Inc, stockholders
will vote December 81 on a pro-
posed contract for sale of a two
thirds interest in Greater New York
Packing Co. to Trunz, Inc, and
Merkel, Inc.
Federal Motor Truck Co. received
an additional $4,000 order for
military trucks.
Aetna Life Insurance Co. elected
Robert B. Collidge agency vice pres
ident.