Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-12-31
Business Briefs


rent week were scheduled at 1861
of capacity, indicating production of
1,476, 800 tons, the American Iron &
Steel Institute announced. Figures
last week were 62.8go and 1,154,3O
a month ago, 828Go and 1,516,600;
a year ago, 94.3qo and 1,728,1OO
To Attain Record Production of
civilian goods in 1916, the American
public must demand that every
policy, every law and every Govern
ment rule and regulation be designed
to encourage production" declared
Robert r. Wason, new president of
the National Association of Manu-
facturerS.
Life insurance Ownership in the
United States has increased 100000
900 or $3.50 since 1889 to a new rec
ord high of S154,600, 100000 in 1945
reported the Institute of Life Insur-
ance.
Crude Oil Demand for January
was forecast by the Bureau of Mines
at 100000 barrels daily compared
with an actual demand of 1896, 000
a year ago
Merger of VaIvoline Oil Co., Free.
dom Oil Co and Galena Oil Corp
into the Freedom Valvoline Oil Co
was announced. They are the old.
est independent refiners of lubricat.
ing oil in Pennsylvania.
Cold Metal Process Co. announced
acceptance of a $10,000,uGG settle.
ment from 6 steel companies fol
suits charging infringements OF
patents.
North American Co. called for re-
demption on January 81 its 1884,
$4,000 of 534qo preferred stock at S55
a share. Retirement of the SO pre-
ferred last October and the 534 %
shares will increase earnings avail
able for the common about "a cents
share annually.
Standard Gas e. Electric Co. was
given 80 days to redeem $58,601 ,O0C
of notes and debentures, and records
of the firms reorganization were re-
manded to the SEC by a Federal
Court order at Wilmington, Del.
International Telephone & Tele-
graph Co. announced its subsidiary
Federal Telephone & Radio Corp.
had Increased capital stock from
100000 to $5,0O0,0O0. The new
stock was subscribed for by 1. T. &
T. which owns all Federal stock
William Firnes Sons called fol
redemption its AZ % preferred stocl
on February / at 104. Federated
Department Stores owns 28,131 Of
the 41,700 shares.
Reliance Electric & Engineering
Co. called for redemption of its S.
convertible preferred stock on Feb.
ruary l at 103 plus accrued divi.
dends. Profit for IL months ended
October 81 was $685., 140 VS.. $540, SO:
in the preceding fiscal period.
Black G. Decker Mfg. Co. earned
1923, 643 or $2.13 in IL months ended
September 80 VS.. $867 1897 or 1928 ir
the previous year.
Pacific Telephone g. Telegraph
Co. estimated net for 3 months
ended December 81 was IS 1902 900 OF
S165 VS.. S5,752,163 or $1.S4 in the
same period last year.
Burlington Mills Corp. earned
$4,000, 728 or 1858 in IL months ended
September 20 VS.. 1884, 1888 or $2.1(
in the previous year.
Minneapolis Moline Power Imple.
ment Co. net for IL months ended
October 81 was 1903 sos or $10.4i
preferred share VS.. $1,313,193 OF
$3.50 in the preceding fiscal period
Num- Bush Shoe Co., earned $751;.
065 or SLOT in IL months ended DC.
tober 81 VS.. $3.50 ,497 or $1.13.
New York Telephone Co. installed
its 1000, 000th telephone in New
York City. Chicago has 1,200,O O(
phones.
Allis- Chalmers Mfg. Co. will pa,
hourly employees vacation pay o.
more than 100000 retroactive Il
January l, 1914.
American Car e. Foundry Co. re.
ceived an order for 100 50-ton box.
cars from the Pittsburgh a. West
Virginia Railway.