Evening star., 1944-12-18
Business Briefs
Steel Mill Operations for tht

Steel Mill Operations for the cur
rent week are scheduled at o6.3To
of capacity, indicating production Of
1872 400 tons, the American Iron &
Steel Institute reported. Figures
last week were e6.9% and 1,743 200
tons; month ago, 95.4Te and 1.7l6,-
2oot a year ago, 93To and 1870 900.
Cash Dividends reported in No
vember totaled $l22,900,0 600, drop
of 4ego from a year ago, while those
for ii months of 1914 totaled ST.
909 300 600, a gain of 2.5qo, the Com
merce Department announced.
Net Direct Debt of Cities with q
population of 100000 or more has
declined 1887 in the last years
and adjusted tax rates have risen
82ge, according to a study by Blair
& Co.
Postwar Rail Improvements will be
financed by private investors If Gov
ernment policies permit, President
Gustav Metzman of the New York
Central told the Detroit Economic
Club. The question is. will Govern
ment pour capital funds into COM
peting transportation enterprises
and not charge enough to pay the
Government back, he said.
General Shoe Corp. offering OF
$5,000,0 900 of l5-year, 80 debentures
was marketed at 102 and accrued
interest by group headed by Smith
Barney & Co.
Swift g. Co. earned S15,662 ,635 OF
S264 a share in IL months ended
October %, before renegotiation
compared with SIT ,431 ,372 or 1894 In
the previous year.
Nash-Kelvinator Corp. profit for
II months ended September 80 was
S3,065 ,290 or II cents, before rene
gotiation, compared with SAILS, $50
or 96 cents in the previous year.
Allied Stores Corp. net for 8
months ended October 81 was S.
12e e,635 or $2.40 VS.. S4,940,374 OF
S2.27 year ago.
Bulova Watch Co. earned $817 ,941
or $2.52 in months ended Septem-
Der 80 VS.. $491 ,873 or $151 in the
same 1943 period.
Cessna Aircraft Co. net for Il
months ended September 80 was
s1,1o2, ,039 or $1.57, before renegotia-
ton, compared with $2,20S,414 O,
$315 in the previous year.
Brown Shoe Co. earned $785, ,186 OF
$319 in IL months ended October
81, before renegotiation, compared
with s979, IA or 1898 in the preced-
ing period.
Arundel Corp. net for II months
ended November 80 was $421 ,030
before Federal and State income
taxes, compared with sl,508,149 q
year ago.
Pullman Co. earned $5,831 900 ir
10 months ended october 81 VS.. S.
204,594 in the same 1943 period.
Atchison, Topeka e. Santa Fl
Railway System reported net of $40.
202,557 or $1443 in 10 months ended
October 81 VS.. $44 ,238, ,729 or $1,000 8
year ago.
Bank of America N. r. & S. A
offered present stockholders 800. .00t
common shares at the rate of l fol-
every five held. Unsubscribed shares
will be offered publicly later.
n. ]. Heinz Co. will discontinue
sponsorship of the radio program
Information Please" and increase
1t newspaper advertising budget
sharply.
Jacobs Aircraft Engine Co. will
auction off more than $1,000, ,0OC
worth Of tools and surplus stock at
Pottstown, Pa, tomorrow.
Associated Electric Co. sale of 1t!
subsidiary, Owensboro CKy) Ga.
Co. to w. T. Stevenson of Owens.
boro for S624, 500 was approved BY
the SEC.
Standard Oil Co. (Indiana) ap.
pointed Roy F. Mcconnell vice presi.
dent to succeed Amos Ball, who viii
retire January / after 4S years o!
service with the firm.