Evening star., 1945-01-22
Business Briefs
,teel Mill Operations were schet

Steel Mill Operations were sched-
uled for the current week at 92.6&
indicating production of 10000
tons, the American Iron g. Steel In
stitute announced. Figures last week
were 1857 and 1888 400 tons; a
month ago, 921ec and 1856 900 and
a year ago, 965qo and 1,727,9O0.
Public Utility Revenues will be re-
duced about S70,000,000 year by
the Nation wide 'brownout" Or
dered by the WPB, but because OF
reduced coal consumption and tax
savings, the net loss in earnings
will amount to only about $1,000 900
the Edison Electric Institute esti-
mated.
Financing of Peacetime Industry
should not be. undertaken as a gov
ernmental function except in pc
riods of emergency, declared Leo T
Crowley, FDIC chairman, in his an
nual report. He denounced the in
creasing number of proposals for
Government financing of business
after the war.
New Railroad Equipment put into
use in 1914 included 40.392 freight
cars and 938 locomotives, an increase
of 1854 cars and 165 locomotives
over the previous year, the Associa-
ton of American Railroads an
nounced.
Wabash Railroad Co. invited bids
for SAT 900, 900 of new first mortgage
bonds on February to finance re-
tirement of outstanding first mort
gage as. The interest limit was
placed at 3l29o.
south Carolina Power Co. awarded
S8,000,00 of first and refunding 80
bonds to First Boston Corp. and
associates on a bid of 100.609 Re-
offering was planned at 1925.
Carriers G. General Corp. regis
tered with the SEC $1,872 900 of Is
year 3s4g debentures to finance
redemption of a like amount of SO
debentures, due 1850, at 1857 plus
interest.
Wilson g. Co. earned 1888, ,791 or
S2.71 a share in II months ended
October % VS.. S7,403, 1872 or $273 in
the previous year.
John Morrell & Co. profit for IL
months ended october % was ST.
011,175 or SIS VS.. 81, AT 1924 or 1882
in the preceding year.
Martin Parry Corp. net for
months ended November 80 was
S93,187 or 81 cents VS.. S174,019 or 40
cents in the same 1943 period.
McCord Corp. earned $l89,118 in
3 months ended November 80 VS..
$125,376 a year earlier.
Firestone Tire e. Rubber Co. was
authorized. by Defense Plant Corp.
to acquire s7,000,000 worth of ma
chinery for a plant at Pottstown,
Pa, which ultimately will cost $16,-
100000
r. G. LIE Tourneau, Inc, declared
quarterly dividends of $1.12H cents
on the preferred and Is cents on
the common, both payable March L.
Sears, Roebuck g. Co. was re-
ported negotiating for purchase of
the property of the American School
in Mexico City as a part of a $3,-
100000 Mexican investment pro-
gram.
Aireon Mfg. Corp. stockholders
will vote February 8 on a change
In articles of incorporation to clear
the way for issuance of 10000
shares of 60-cent cumulative con-
vertible preferred stock of $40 par
value
Baltimore g. Ohio Railroad load
ings in the week ended January %
totaled So, ,185 VS.. 66 ,525 in the previ-
Gus week and 10000 in the like 1914
week.
International Business Machines
Corp. appointed DR.. Wallace j. Eek
ert director of its new department
of pure science. He has served as an
astronomer at the United States
Naval Observatory.
Grand Trunk Western Railroad
elected Harold A. Fitzgerald, Pom
tiac, Mich, publisher, to the board