Evening star., 1944-05-15
Business Briefs
Steel Operations are schedu

Steei operations are scheduled Tor
this week at 992%o of capacity, in
dicating an output of 1,777,O0O net
tons. the American Iron & Steel
Institute announced. Last week the
rate was 99.4qc, a month ago, 995%o,
and a year ago, 986go.
April Cash Dividend payments to-
tailed $500 100000, a gain of 1.35
over the same 1943 month, the De-
partment of Commerce estimated
Payments in four months totaied
sl.o76,3oo,oO 900, a gain of 229o over
a yea- ago.
Cotton Consumption in April to-
tailed 776,007 bales of lint and no.
$50 iinters, compared with 902 ,lO2
and 115,502 in the preceding month
and 939,178 and 104,107 in April
l943, the Census Bureau reported
A Chilean Debt Agreement has
been reached with the National CITY
Bank and Guaranty Trust Co. under
which loans made by those banks
would be liquidated at approx
mately 1870 OF the balances out.
standing s11,500,000 and S6 900 900.
E. L. du Pont de Nemours G. Co
declared a dividend of $1.25 a COM
mon share, payable June IA to hold
ers Of record May %.
American International Corn
called for redemption on June 80 al
OF its S7,938,000 outstanding 20-yeal
$50 convertible debentures due in
l949, at los and accrued interest
Chrysler Corp. earned S5 ,552 1886 So
or Sl,28 a share in the first 1914
quarter, compared with S6,336, ,097 81
or S1.46 in the same period last year
Anaconda Copper Mining Co. pre-
liminary report for the March quar-
ter placed net at S7,57763l or 81
cents a share VS.. s9,085,35 or $105
a year ago.
Columbia Gas & Electric Corp
net for IL months ended March 81
was S10.ll0905 or 30 cents a share
VS.. $1l.954, ,461 or As cents in the
preceding year.
Consolidated Natural Gas Co
earned S4 ,389 ,629 or S1.6l share ir
the first quarter, compared with
an adjusted net of 81 480,294 OF
Sl64 in the same 1943 period.
Allegheny Corp. reported net in.
come, apart from sales of securities
totaled S59l,420 in the quarter VS.
S445 AL year ago. Sale of c. 6z o
common stock in the period resulted
in s4,829051 profit,
Universal CyclOps Steel Corp
earned S253, ,497 or 81 cents a share
IN the quarter VS. 1892 ,3l6 or IS cent
in the same 1943 period.
Cherry Burrell Corp. net for 81,
months ended April 80 was S253 ,80(
or 49 cents share VS.. $159 ,295 or q
cents in the same period last year.
Belding Hemingway Co. earned
$94,980 or % cents a share in tn,
March quarter, compared with $751;.
lao or 81 cents a year ago.
Crosley Corp. net for the first
quarter was $1,423, 1865 VS.. LIPS ,23(
a year ago.
Great Northern Paper Co. earned
S488, ,426 or 45 cents a share in the
March quarter, compared with S206,.
l6G or 81 cents in the same 1874:
period.
Derby Oil & Refining Co. reported
net for the quarter was $97 .427 OF
S5l7 a preferred share, compared
with S88824 or SAT- a preferred
share in the same period last year.
Kellogg Co. net for 1943 was So.
l83349 or Sl45 a share VS.. 50 933, 81!
or Sl34 in 1912.
Electric Power & Light Co. appli
cation to acquire any or all of tn
65,l67 publicly held shares of Mis-
sissippi Power $6 preferred stocI
was approved by the SEC on condi
ton that Electric convert the pre-
ferred into Mississippi common
within four months.