Evening star., 1945-08-21
Business Briefs
Steel Mill Operations for the c

Steel Mill Operations for the cur
rent week were scheduled at 699%
of capacity, lowest rate since 1910
indicating production of 1890, 300
tons, the American Iron 81 Steel
Institute reported Figures last
week were 82.5% and 1,511,100; a
month ago, 90.7qo and 1861 300; a
year ago, 941%o and 1867, 300.
Railroad Operating Revenues in
July were 2.3qo below a year ago,
the Association of American Rail
roads announced.
Meat Production in the last week
was reduced by the 2-day victory
holiday to 208,oO0,0OO pounds VS..
255 100000 in the previous week and
301 600 900 year ago, the War
Meat Board estimated
General Mills stockholders ap-
proved a 3-for-1 split in common
stock. President Harry Bulls said
the huge Federal debt can be man.
aged if national income is kept high.
He urged tax revision to encourage
expansion.
American Rolling Mill Co. will re-
tire debenture issues totaling $13,-
100000 on September 5. Held by two
insurance companies, they repre-
sent the firms entire Indebtedness
Armco arranged to borrow $12,000,-
600 from New York banks at 134%.
General Aniline g. Film Corp. di-
rectors authorized retirement on
November / of 100000 American
I. G. Chemical Corp. SID deben-
ft,r Iy,4 iy, o% i,,
terest.
Caterpillar Tractor Co. earned
81, ,799 ,621 or $2.55 share in seven
months ended July 81 VS.. S4,450,842
or $2.36 year ago.
Stewart-Warner Corp. profit for
the first half was $3.50 BOT or 68 cents
VS.. $1,133,197 or 80 cents in the
same 1914 period
National Container Corp. net for
the half was $632,374 or 95 cents VS..
$5oS,965 or SO cents in the first half
of 1914.
Tennessee Corp. earned $598, ,129
or 10 cents in the half VS.. $552, 1875
or 65 cents year ago.
Best g. Co. net for six months
ended July 81 was S545,168 or 81
same 1914 period.
Maytag Co. earned 1894, ,494 or "a
cents on second preferred stock in
the first half VS.. $661,7 or $2.13
year ago.
American Stores Co. net for the
half was $732,517 or 56 cents VS..
$758,349 or So cents in the same
1914 period.
McGraw Electric Co. earned $812,-
526 or SLIP in IL months ended
June 80 VS.. $997 1922 or $2.11 in the
previous year.
Safeway Stores sales for weeks
ended August II totaled $50,056, ,811
a drop, of 2.8% from a year ago; for
80 weeks ended the same date, $780,
O73,683, decline of 1.6Se.
National Battery Co. stockholders
approved 212-for-l splitup in COM
mon stock and an increase in COM
mon from 145,000 no par shares to
100000 of 81 par shares.
Ward Baking Co. stockholders will
vote September is on a reorganiza-
ton plan. Directors declared spe-
cial dividend of SITS a preferred
share, payable September %, in
lieu of the usual year-end payment
Indiana Gas g. Water Co., a new
company, registered with the SEC
$4,000 900 of first mortgage bonds tc
be offered at competitive bidding
Proceeds will be used to acquire
properties of Public Service Co. OF
Indiana.
Leland Electric Co. registered with
the SEC 5000 shares of So. cumu-
lative convertible preferred stock
and $4,000 common shares, the lat
ter to be reserved for conversion
Proceeds win be used for expansion
and improvements.
Memphis Street Railway Co. askel
SEC permission to sell $500, 900 Of
first mortgage serial bonds to insur-
ance companies to finance retire
ment of a like amount OF outstand.
Ing bonds.