Evening star., 1944-09-11
Business Briefs

Americans Will Pay higher post
war taxes for a longer time than
ever before in peace period as a
result of a national debt which may
run between S250,000,000, and
$500 900, ,0000 900, declared DR.. Roy G..
Blakey, president of the National
Tax Association, at the opening of
the associations annual conference
in St. Louis.
Steel Mill Operations for the cur
rent week are scheduled at 942ee of
capacity, indicating production of
l,687,400 tons, the American Iron &
Steel Institute announced. Figures
last week were: 95.5Gc and 1,710,700
tons; a month ago, 96eo and 1.719,-
600; a year ago, $685. and 1,736,000.
Postwar Tax Planning must in
clude encouragement of the flow of
venture capital into the private en-
terprise system, warned John L.
Connolly of St. Paul, co-author of
the Twin Cities postwar tax plan,
in an address before the Tax Com
mittee of the American Bar ASSo-
citation at Chicago.
Food Professors Earnings remain
favorable due to record volumes, &C.
cording to United Business Service
Prospective postwar easing of eXces.
demand will make possible 6. steady
to gradually rising trend in profits
it advised.
August Security Offerings included
the largest proportion If Govern.
ment issues on record, the SEC re-
ported OF the $l2,524 $4,000 total
1898, ,443,000 was in Government
issues and $3l ,454 900 in state ano
municipal securities Corporate offer
ings totaled only $l59,797 900.
Canadian Retail Sales in July were
down 16cc from the preceding
month. but practically unchanged
from a year ago, the Dominion
Bureau of Statistics disclosed
Slab Zinc Stocks on August 81
totaled 24l ,622 tons, gain of 6,915
over excess supply of month
earlier, and a new high mark, ac-
cording to the American Zinc In
stitute.
United States Steel Corp. reported
finished steel shipments of subsid-
iaries in 8 months set a new record
of 14,l30,864 tons VS.. l3,405 ,067 a
year ago. August shipments totaleG
l,743,485 tons VS.. l,754,525 in July
and l,704,289 year ago.
Spiegel, Inc, sales for August to-
tailed $3,06l $40, gain of 26.49o over
a year ago; for months, $19, 1866
502, gain of $50 over a year ago
Archer Daniels Midland Co
earned S4,682, 700 or $3.50 a share ir
- months ended June 30. compared
with S4,O24,317 or $7.38 in the previ-
GUS year.
Chicago Pneumatic Tool Co. net
for the first half of 1914 was 81 OLA
983 or $l.99 a share, after reserve
for renegotiation, compared with
Sl,426,555 or 1921 in the same 1874;
period.
Vanadium Corp. of America
earned s197,756 or 40 cents share
in the half VS.. $358,39l or 88 cents
a year ago.
Midvale Corp. profit for 1943 was
$2,475,843 or $412 share, after re-
negotiation, compared with $685.
GAL or S430 in 1912.
Lake Shore Mines, Ltd, earnse
81 l,52l, ,977 or rs cents share in l.
months ended June 30, compared
with Sl,9l8,183 or 96 cents in the
previous year.
Edward G. Budd Mfg. Co. will re-
deem all preferred shares of the
1928 and 1925 series on October IL
at $ll0 a share, plus accrued ano
unpaid dividends amounting tx
S9770 a share.
Thinker Roller Bearing Co. ap.
pointed Howard C. Sauer general
manager of the new foreign division
Mr.. Sauer has been with the WPB
Servel, Inc, named Edward r
Martin chief marketing statistician
He was formerly with the American
Gas Association.