Evening star., 1944-10-23
Business Briefs
Steel Mill Operations were sche

oRNi nsiohS WNAt oStICSt-
uled at 96.3Go in the current week,
indicating production of 1,732 400
tons, the American Iron & Steel In
stitute announced. Figures last
week were 97go and 1,745 900 tons; a
month ago, 95.1go and 1,710,700; a
year ago, 1006% and 1883, 400
Freight Traffic handled by class l
railroads in September totaled 61,-
000,000000 ton-miles, drop of 212 %
from year ago, the Association of
American Railroads reported. In
9 months CT 1914, the volume was
81 above a year ago and 2lla times
that of the same 1889 period.
Mack Trucks, lnc, was authorized
bv the WPB to resume bus produc-
ton at its Allentown, Pa, plant,
which was taken over by the Navy
81 months ago for manufacture of
planes.
Mutual Life Insurance Co. of
New York invited investment bank
ers to bid October 81 on 32 lots of
State and municipal bonds from its
portfolio totaling S9030,000 par
value. Included are obligations Of
Chicago, Tacoma and Detroit.
Kimberly Clark Corp. announced
holders of its Go preferred stock
had been given the right to pur-
chase 13/107 shares of new Az %
preferred at SLOT a share for each
share held. Common holders were
given rights to buy one share ad-
dltlonal common at $32 a share for
each five shares held UnsubScribed
shares will be offered to the public.
Aeronca Aircraft Corp. registered
with the SEC $4,000 shares of 55-
cent cumulative convertible pre-
ferred and 33,6O0 shares of COM
mon. OF the common shares, $4,000
are to be offered for company ac-
count and $500 for a present stock
holder.
Cleaner Harvester Corp. registered
with the SEC 177,689- shares of $3.50
par value common stock, to be sold
by Its parent, Commercial Credit
Co. After sale of the stock, repre-
senting 5922Go of the outstanding
total, Commercial Credit will cease
to be the parent.
Ogden Corp. asked the SEC to ap-
prove its proposed payment on De-
Cember ! of a 25-cent dividend to
common stockholders of record No
vember %. Amounting to $850,918
the dividend would be paid out of
surplus.
United States Rubber Co. is spend
ing more than $29 ,0O0, 900 to expand
tire production facilities, which will
boost capacity to more than $4,000
units daily, a rise of 24%o over pre-
war levels.
Hercules Powder Co. earned So
SGT ,948 or $238 a share in months
ended September 80 before renego-
tiation, compared with $4,223,270 OF
1921 in the same 1943 period.
Union Carbide e. Carbon Co. net
for the September quarter was So
300,138 or ST a share, before renego-
tiation, compared with $9,753,274 OF
$l.05 a year ago.
Owens Illinois Glass Co. earned
$8,543,471 or 1921 a share in Il
months ended September 80, COM
pared with $9,431 ,148 or 1884 in the
previous year.
E. G. Budd Mfg. Co. net for 8
months ended September 80 was
$l,835 $50 VS.. 81 ,430,l96 in the same
1943 period
Budd Wheel Co. earned 1854, ,844 OF
80 cents share in months ended
September 80 VS.. $685., ,871 or 80 cents
year ago.
Ell Paso Natural Gas Co. net fol
IL months ended August 81 was ST.
259634 or 1888 share VS.. SABA
6l9 or $3.67 in the previous year.
John r. Thompson Co. earned
S424,454 or SLAB share in 9 months
ended September 80 VS.. 1859 1868 OF
$l.92 in the same 1943 period.
Axe-Houghton Fund, Inc, report
ed net assets of $2.347, ,457 or $148s
share on September 80, compared
with $2,313,342 or $15.08 on June sc
and $1,896 ,29l or 1888 on Septem-
Der 80, l943.