Evening star., 1944-07-11
Business Briefs


the first half of 1914 when As, ,061 ,874
tons of ingots and castings were
turned out, compared with 44,949,-
915 in the last half Of 1943 and
nearly 100000 tons above the same
1943 period, the American Iron &
Steel Institute announced. Most of
the gain was recorded in early
months of this year.
Chain and Mail Order Sales in
May approximated Sl,295 900 900
compared with ST ,251 ,000,0 in April
and S1.187, 100000 in May. 1943, the
Commerce Department estimated.
J. c. Penney Co. sales for June
totaled s42,283, 1923 VS.. S40,973 952 a
year ago, a gain of 3.2eo; for six
months, $3.50, 0,656, 400 VS.. S2l8 8,298 ,260
rise of $50.
Lerner Stores Corp common stock
was offered to the public by Merrill
Lynch, Pierce, Fenner g. Beane at
s4250 share. The $4,000 shares
for the account of certain stock
holders were sold quickly.
Jack e. Heintz. Inc. offered en-
ployes who have been with the con-
Germ at least six months and are
residents of Ohio the opportunity to
subscribe for 100000 shares of class
A stock. The stock has no par, but
has a declared value of 500, and
is being offered at that figure
Western Union Telegraph Co.
earned $3011 ,435 or $24l a share on
class A stock in five months ended
May 81, compared with S2,747.139 or
$3.50 on the old capital stock in the
same 1943 period
Cleveland-Cliff Iron Co. net for
six months ended June 30 was ST.
167,898 or S239 a preferred share vs.
S967,674 or $l98 preferred share
year ago.
Manhattan Shirt Co. earned $237,-
166 or $l.14 share in six months
ended May 27, compared with S257.-
341 or $123 in the same period last
year.
Woodward Iron Co. net for six
months ended June 30 was $398, ,581
or $1.19 a share VS.. $685. ,098 or 81 81
in the same 1943 period.
United Fruit Co. earned $685., 900
in six months ended July 81, COM
pared with s3,786,0O0 in the same
l943 months.
Illinois Bell Telephone Co. net in
come for five months ended May 81
was $4,204, sol VS.. s4,776,992 year
ago.
Chicago e. Eastern Illinois Rail-
road net for five months ended May
81 was 1902 400 VS.. 81 ,227 662 in the
same 1943 period.
Minneapolis & st. Louis Railway
net for five months ended May 81
was $685. ,233 VS.. s206, ,406 a year ago
Reading Coal & Iron Co. amended
plan for reorganization was con-
firmed by Federal Judge William H
Kirkpatrick at Philadelphia. The
company expects to be operating by
capital cut from $6l ,527,700 to $l1,-
346.455.
Montana Dakota Utilities Co. has
registered with the SEC 20,8941 y
shares of SO s100 par value cumula
tive preferred stock Proceeds will
be used to retire $1,000, 900 of 3La%
serial notes and $390,0OO of 2l2 %
serial notes.
Central Indiana Gas Co. plan te
purchase for retirement 1901 900 OF
its $3,55l 900 outstanding first mort
gage bonds, held by five insurance
companies. will be considered at an
SEC hearing July Is.
Swift e. Co. and Consumers Cot
ton Oil Co. of Texas were awarded
judgment in District Court at Austin
in a suit by the state for cancella-
tion of the Swift permit to do busi-
ness in Texas and the cotton oil
firm for forfeiture of charter. The
judgment denied the States claim
that Swift has unlawfully domi-
mated the cotton oil company's bust
ness.
Gulf Oil Co. has purchased Kan
sas and Oklahoma oil holdings oi
the Dickey Oil Co. for $500 900. the
Wichita Eagle reported,