Evening star., 1944-06-19
Business Briefs

Steel Mill Operations in the cur
rent week will be at $780, of ca
pacity, indicating production of.
l.742,900 net tons, the American
Iron g. Steel Institute reported.
Figures for last week were 97.1%o
and l739 300 tons, a month ago,
98.4Go and 1852 500; a year ago,
976Tc and 1,690,100.
A Survey of Meat Stocks by the
American Meat Institute revealed
a shortage of the most popular cuts
of top grades of beef, veal and lamb,
but cuts from grass-fed beef, veal
and lamb, and most sausage and
canned meats were plentiful in
many stores.
Government Lard Purchases in
May totaled nearly l50,000,000
pounds, according to Chicago trade
sources. The Government is still
buying liberal quantities Of prime
steam lard in steel drums, accepting
shipment up to the end of July, with
the probability that the deadline
will be extended soon to the end of
August.
New York, Pennsylvania, New
Jersey Utilities Co. has called for re-
demption on July Is all of its Sc
cured So debentures, due 1856, at
102 and accrued interest. AS sue
cessor company it also will redeem
issues of the Metropolitan Edison
Co. and Mohawk Valley Co.
Marathon Paper Mills Co. stock
holders will vote July 6 on plan
to authorize $10,000,000 in deben-
lures with interest up to 334 %, ma
turing before December 81, 1860,
and to sell $4,000 shares of 500 par
value cumulative preferred shares
with dividends to SO,
Todd Shipyards Corp. and con-
solidated subsidiaries earned 3,778,-
sos or $18.43 share in II months
ended March 81, compared with So
69O,691 or S1795 in the preceding
fiscal period.
Berkey g. Gay Furniture Co. net
for l943 was $77,957 or cents a
share, compared with loss Of $60,-
376 In 1912.
General Printing Ink Co. regis
tered with the SEC $4,000 shares OF
a., per cent preferred stock to be
offered in exchange for the present
be underwritten by syndicate
headed by Shields g. Co.
Loew's, Inc, stockholders will vote
July l8 on a retirement plan for all
employees of the company and Its
domestic subsidiaries who have tlVe
or more years of service. Directors
also will be elected
American Tobacco Co. paid It's
president, George w. Hill, S257,27t
in the last fiscal year, the SEC re.
ported. Paul M. Hahn, vice presi'
dent of the company and president
of American Cigarette & Cigar Co.
and Vincent Riggio, another vict
president, each received $780, 1865.
Arkansas Missouri Power Corp
asked SEC permission TO sell l4,54'
shares of East Missouri Power Co. II
Central State Edison, Inc, for {
base price of 100000. For an addi
tional $4,000, Central would pur
chase an open account Indebtedness
owing by East Missouri to Arkansas
Portsmouth IN. H. Gas Co, {
subsidiary of Consolidated Electric
6 Gas Co, asked SEC permission t.
sell its properties and assets to Al
lied New Hampshire Gas Co. for
base price of 100000.
Jones e. Laughlin Steel Corp. an
nounced it's subsidiary, Jones &
Laughlin Steel Barrel Co., has pur
chased psysical assets and business
Of Draper Mfg. Co. of Cleveland.
National Security Traders Asso
citation appointed r. Victor Mosle,
of Stroud & Co., chairman of tn
Nominating Committee, which vii
select a slate for election at Chi
cago August 25 and 26.
Committee for Economic Develop
ment appointed Chester E, Harm
to direct its Postwar Marketin
Project. He is a former vice presi
dent and director of marketing TO
Batten, Barton. Durstine & Osborn