Evening star., 1944-12-26
Business Briefs
Steel Mill Operations :

Steel Mill Operations were sched-
uled for the current week at 921go
of capacity, indicating production OF
1856 900 net tons, the American Iron
6 Steel Institute reported. Figures
last week were 96.3%t and 1872 ,40C
tons; a month ago, 96.39o and l.
732,400; year ago, 86.3Fo and l.
504 200.
Business Trends for November and
early December, as summarized by
the Federal Reserve Board: Indus
trial output near the level of the
last months; retail trade still
higher at record levels mineral pro-
duction and freight loadings hold
ing at high levels.
Sales of Chain Stores and mail
order houses, including IS major
organizations, totaled $3.50 293, ,786 in
November, a gain of 121%o over a
year ago, a study by Childs, Jeffries
& Thorndike, Inc, revealed. For II
months the total was $4,832 1882 ,852
an increase of 749d.
Postwar Construction Projects
ready for bids on December q
amounted to $452 $4,000 and ar
additional S248, 100000 of such work
is ready for bids, but is being held UP
because of financing and other OBJ
stacleS, the American Society OF
Civil Engineers announced
Dayton Rubber Mfg. Co. registered
with the SEC $4,000 common shares
of which $4,000 represent new
financing. The other shares will be
sold for two large stockholders. Net
for II months ended October 81 was
$731,7l6 or $3.50 a share VS.. $500, ,622
or $2.99 in the preceding fiscal pc
riod
Minneapolis Moline Power Imple-
ment Co. earned S1,313,19 or $13.3
a preferred share in II months ended
october 81, after reserve for rene
gotlation, compared with 81 ,632, ,4O6
or S1654 a preferred share in the
previous year.
F. f. Myers & Bro. Co. net for IL
months ended October 81 was s7OO,-
673 or $3.50 VS. $570,851 or S2.85 in
the preceding fiscal period.
Horn & Hardart Baking Co. New
Jersey earned 1888 ,399, or S5.91 in
IL months ended September 80 VS..
S909 ,059, or $9,14 in the previous
year.
A. M. Byers Co. net for IL months
ended September 30 was $685., ITO, or
$l.86 VS.. $1,l47,113, or S284 in the
preceding period.
Florsheim Shoe Co. profit for Il
months ended October 81 was s944,-
1877 or $1.18 on class B shares VS.
S1,011 ,359 or $1.26 on class B shares
IN the previous year.
American Export Lines earned
$9l4,9l7 in 9 months ended Septem-
Der 80 VS.. 1854 ,481 a year ago.
Illinois Central Railroad net fol
IL months ended November 80 was
S16,383,410 or S11.31 VS.. $22, ,651 90:
or 1882 in the same 1943 period.
Colorado Fuel & Iron Co. contro
has been sold by the Rockefeller
family to New York investment
group headed by Charles Allen, jr
Included were 283,890 common
shares and $5,747 500 of bonds. Nc
public offering of securities is
planned.
Elastic Stop Nut Corp. paid $780,
600 to Guaranty Trust Co., reducing
its "V" loan obligations to So 2,500, 900
Since the start of 1914 the firm has
paid 100000 on the borrowings.
General Motors Corp. was granted
a S2,500,000 increase in it's contract
with Defense Plant Corp. to provide
additional equipment at an Indian
apolis plant, raising the company's
total to about $87 7,000,0
King -Seeley Corp. entered into an
agreement with F. Eberstadt g. CO,
and Waiting, Lerchen & Co. cover
ing public offering of 100000 shares
of SO cumulative convertible pre-
ferred stock.
Interstate Telephone Co. sold pri-
vately to two insurance Companies
S2,000000 of first mortgage 31a q,
bonds, due 1874, at 1037s. Proceeds
will be used to redeem like amount
d 34% bonds.