Evening star., 1944-08-14
Business Briefs

Steel Mill Operations are sched-
uled at 96eo for the current week,
indicating production of l71a60O
net tens, the American Iron & Steel
Institute announced. Figures Tor
last week were 97eo and 1.737.5OO
tons; for a month ago, 972%o and
Taboo and a year ago, 98.2Go and
1,7l0,900.
Domestic Cotton Consumption de-
clined to 705 900 bales in July, COM
pared with 100000 in June and 84O,-
600 year ago, the New York Cotton
Exchange Service Bureau estimated
Investment Company Assets, in
c!uding 1T companies. averaged a
1922 increase in the first half of this
year to reach $1,594 ,072 900 on June
30. the National Association of In
vestment Companies announced.
The Treasury will Redeem all 40
Treasury bonds of 1944-5 on Decem-
ber Is. About $1,037 100000 of the
bonds are outstanding.
New York Central Railroad Co.
elected Gustav Metzman president
to succeed Frederick E. Williamson,
who resigned because of ill health.
Western Union Telegraph Co.
stockholderS will vote September S
on proposed issuance of S24,603, 900
of 40 20-year debentures. convert
ible in the first 10 years into 20
shares of class A stock for each
$1,000 of debentures. Proceeds would
be used to retire 100000 of SO
bonds maturing in 1851 Net for the
first half was $3,657,043 VS.. $3,619, ,122
year ago.
Walgreen Co. plans to issue IS 900
shares of new 40 500 par value pre-
ferred stock to be exchanged for
outstanding 41ace preferred stock.
subject to stockholders approval.
Pillsbury Flour Mills Co. will issue
s7.500,000 Of new preferred stock
shortly to provide funds for further
expansion and diversiflcation.
Pullman Co. is negotiating for sale
of its sleeping car business to the
railroads, President D. A. Crawford
said in a quarterly report to stock
holders of Pullman. Inc. Net of the
latter Arm in the first half of 1914
was $4,328, ,005 or $l.34 share, be-
fore renegotiation, VS.. $4,500, 1923 or
$136 a year ago.
Anaconda Copper Mining Co.
earned $16,475,955 or $l90 share
in the half compared with S17,854,-
952 or S206 in the same l943 period
Campbell, Wyant e. Cannon Foun-
dry Co. reported net of $379,936 or
s109 in the half VS. $4l2,824 or $1.1s
a year ago.
Sharp g. Dohme, Inc, earned
$425,913 or % cents a share in the
June quarter VS. $427 ,905 or 20 cents
in the same 1943 period.
Allied Kid Co. net for II months
ended June 80 was s442,027 or S185
VS.. S373,932 or $166 in the previous
year.
Ritter Co. Inc, earned S183,37e
or SO cents a share in the half VS.
$233,206 or $123 in the same 1913
period.
Chicago Mail Order Co. net for
the half was $276,659 or 80 cents VS.
$203,578 or go cents a year ago.
United States Gypsum Co. earned
$2,170266 or $1.58 a share in the
half vs. $2,645,82 or $l.98 in the
same 1943 period.
Kaufman Dept. Stores, Inc. re-
ported net of S612,806 or "a cents a
share in the half VS.. $637 ,l74 or 90
cents a year ago.
Fruehauf Trailer Co. earned
$780,445 or $1.64 a share in the half
VS.. 1929 ,339 or $l.87 in the same
1943 period.
United States Steel Corp. an
nounced its subsidiary, United
States Steel Products Co. had ac-
quired manufacturing assets OF Ben
nett Mfg. Co.. makers of steel
drums
Ogden Corp. was granted years
extension by the SEC to comply
with provisions of the Holding Com
pany Act.
Seaboard Airline Railway Co.
properties would support pro-
posal to issue $252, 900 900 bonds and
preferred and common stock in re-
organizatio the ICC ruled. The
action did not authorize the issue.