Evening star., 1945-12-17
Business Briefs
Steel Mill Oi1erations for the

Steel Mill Operations Tor the cur
rent week were scheduled at 1870
of capacity, indicating production
Of 1890, 300 net tons, the American
Iron & Steel Institute reported.
Figures last week were 82.9% and
1854 400 tons; a month ago, 82.4%
and 1,509, 300; year ago, 96.3% and
1872 400.
Industry Will Spend around S.
100000 900 for new plants and equip
ment during 1945, more than in any
year since 1912, it was estimated in
survey by the SEC and Commerce
Department About $5,200,O 900 900
will be spent by corporations and
the remainder by unincorporated
business.
Prosperity and Full Employment
for 3 to 5 years after reconversion
present officers of the National AS
sociation of Credit Men. The other
20oo predicted prosperity for to Is
years.
Ample Supplies of Natural Rubber
for world demands will be on hand
by the end of 1916 declared Paul
Litchfield, chairman of Goodyear
Tire g. Rubber Co. Rubber firms
must fill about $50 of domestic
needs with natural rubber, but can
use synthetic or natural for the re-
naming 75%o, he said.
New Securities Marketed Today
included: $214,OOo,000 consolidated
1129o Federal farm loan bonds at
100ss and interest; $500,000 of 80
refunding bonds of the city of Verc
3each, Fla, at 1902 plus interest;
:77,318 common shares of Cam
den Forge Co. at 10.
Brown Shoe Co. stockholders will
vote January 10 on proposed 2-for-
l splitup in common stock and au-
thorization of 10000 new preferred
shares. Preferred proceeds would
oe used to prepay 100000 bank
loan and build new plants.
Woodall Industries, Inc, stock
holders approved issuance of 100000
shares of $25 par value so pre-
ferred for expansion purposes.
Philadelphia Transportation Co
called for redemption 1884 900 Of
it's bonds and those of the Philadel-
phia Rapid Transit Co.
Illinois Central Railroad was au.
thorized by the ICC to consolidate
lines of owned and controlled sub.
sidiaries into its system preparatory
to refnancing its funded debt.
Swift e. Co. earned $12, ,303 BOT OF
S2.08 a share in IL months endee
October q VS.. SIS ,662 ,635 or $2.64 ir
the previous year.
Gruman Aircraft Engineerin,
Corp profit for months endee
June 80 was $4,670,374 or $9.19 VS.
S5,174,816 or $10.18 in the same 1874.
period.
Canada Dry Ginger Ale, Inc.
earned $1,413,573 or $3.50 in /:
months ended September 80 VS.. ST.,
411,929 or $3.50 in the previous year
Veeder-Root, Inc, net for 1914
through November 4 was $424, $50 o,
S212 VS.. $586, PAL or $2.93 in the lik'
1914 period.
Guantanamo Sugar Co. earnes
S347,610 in - months ended Septem
Der 80 VS.. $7l8,94o in the previous
year.
Colonial Stores, Inc, sales for
weeks ended December l totalet
1855, ,235, a gain of 1897 from {
year ago; for 48 weeks ended tn,
same date, $50 9,3l1 ,o28, an increase o
0.04T.
Eureka Vacuum Cleaner Co. re,
ported untitled orders exceeded ship.
raents for any full year on record.
American Rolling Mill Co. an.
nounced its subsidiary, Shefielc
Steel Corp, had started 5000, ,00t
3-year expansion and moderniza'
lion program.
General Electric Co. will pur.
chase surplus wal. plant at Scran.
ton, Pa, for 100000. 1t was op
Grated by Western Electric during
the war.