Evening star., 1944-11-27
Business Briefs

Steel Mill Operations for the cur
rent week are scheduled at 96.3 %
of capacity, indicating production
of 1882 400 net tons, the American
Iron & Steel Institute reported. Fig
ures last week were 95.4qo and l.
716,200 tons; a month ago. 949oo and
1,707,200; year ago, 99.5%o and
1,734,200
The Federal Reserve Ratio has
slipped below So compared with &c
two years ago and 658 year ago
and if it continues to drop Con-
gress will probably be asked to lower
reserve requirements, according tc
the Associated Press.
Chain Store Sales, including 81
major companies, totaled $4,370.018,-
673 in 10 months of 1914 gain OF
$40 over year ago, reported Childs
Jeffries & Thorndike, Inc. October
sales totaled s506 066, ,572, an increase
of 1921.
Military Demands for Gasoline
have jumped 433oo since 1941 and
cut civilian supplies to 36e6 of pre-
war levels, Secretary Ickes an
nounced through the PAW. The
armed forces take 100000 barrels a
day, he said.
Pacific Gas & Electric Corp. Secur-
tiles to be sold in refunding $685.
100000 series G 4@o bonds may be
marketed by competitive bidding.
Halsey, Stuart & Co. organized a
syndicate to compete with a group
formed by Blyth & Co., traditional
bankers for P. G. & E.
Detroit Edison Co. will spend
$125,000000 in the first 10 postwar
years to keep pace with demand
said President James w. Parker
Net for IL months ended October
81 was $8,452 ,596 or $133 a share VS..
S8,273 .303 or $1.30 in the preceding
period.
Schenley Distillers Corp. earned
s15,317,203 or S766 share in II
months ended August 81, compared
with S9,235,750 or S665 on fewer
shares in the previous year.
Murray Corp. of America profit
for u months ended August 81 was
SLABS ,031 or s151 VS.. 1891 ,165 or
S146 in the preceding period.
Baltimore & Ohio Railway Co.
earned s19,S98,793 on a gross of
1925 ,966,417 in 10 months ended
october 81 VS.. $35,449,226 on $685.
807,216 a year ago. October net
was s1,803,517 on S33,977,854 gross
VS.. s2,500,965 'on S31, ,432 Sal a year
ago.
Western Maryland Railway re-
ported net income of 1921, ,612 or
S18.55 on first preferred stock in 1C
months ended October 81. compared
with S4,145,271 or S23.36 on first
preferred in the same l943 period.
Gotham Hosiery Co. holds an eX-
elusive license to use new heel de-
sign for stockings, which will be knit
at right angles to the leg without
the square tip of the old French
heel.
Phillips Petroleum Co. announced
It's subsidiary, Phillips Venezuelan
Oil Co., will begin operations early
in 1945 on exploratory concessions
and leases granted by the Venezue-
Ian government.
Kansas City Public Service Co. will
modernize its entire street railway
system at cost of $5,000,000 to So
1000 as soon as Government re-
strictions permit. 1t will scrap 371
old street cars and buy 200 new ones.
st. Regis Paper Co. has started
a $4,000, 900 construction program at
its Deferiet IN. " plant.
Ford Motor Co. was awarded a
$4,000 900 contract to fabricate a
jettison-type gasoline tank for air.
craft by the Army Air Forces.
Stewart Warner Corp. officials
predicted the firm will be producing
and shipping civilian radios from its
privately owned shell fuse plant
within go days after Government
restrictions are lifted.
Pullman-Standard Car Mfg. Co.
named Lloyd E. Huber sales agent
with headquarters in Washington.
He was formerly senior purchasing
officer with the Transportation
CAps, War Department.