Evening star., 1945-11-05
Business Briefs

Steel Mill Operations for the cur
rent week were scheduled at 77%
of capacity, indicating production
of 1,410,40 tons, the American Iron
& Steel Institute announdced. Fig
ures last week we're 729% and l.
335 300 tons: a month ago, 1850
and 1,346 300; year ago, 96.3T and
1872, 400.
Hosiery Shipments in September
totaled 10.811,0 ,050 dozen pairs, a
drop of 48q6 from a year ago: in s
months, 102 ,539, 1856 dozen pairs, a
decline of $3.50.
Pennsylvania Central Airlines ano
Northeast Airlines are discussing
the advisibility of a merger, accord
ing to well informed" quarters
quoted by the Wall Street Journal
Merger of National Airlines anc
Northeast was reported discussed
earlier this year.
Dow Chemical Co. will spend $751;
100000 on expansion of plastic pro-
duction facilities and hopes to be
producing at least 50,000 900 pounds
of plastics annually within years.
Kimberly Clark Corp, filed with
the SEC a $20,000,000 financing plan
including S10,0O0,OO0 of 2go bonds
and $4,000 900 of 27seo bonds. The
latter bonds have been sold tC
Northwestern Mutual Life Insur-
ance Co. The firm will retire $10,-
100000 of bonds and notes.
Lake Superior District Power Co
offering of S. 100000 first mortgage
,39o bonds, series A, was marketed at
1929 and interest by Kidder, Pea
body 81 Co. and associates.
Southern Pacific Transportation
System reported net income of $685.
781, ,299 or $7.63 share in 9 months
ended September 80 VS.. S32. .738, ,474
or 1888 in the same 1914 period.
National Steel Corp. earned $8,-
sl0,673 or $404 a share in 9 months
ended September 80 VS.. 5000, ,974
or s3,66 year ago.
Stewart-Warner Corp. profit fol
9 months was s1,02S,7l1 or 81 cents
VS.. $1,524170 or S1.20 in the same
1914 period.
McGraw-Hill Publishing Co
earned $1,146,018 or 50 in 9 month.
VS.. S1,134,089 or $196 a year ago.
Sharon Steel Corp. profit for s
months was $843,409 or s1.5a VS.
$475,132 or "a cents.
Consolidated Chemical Industries
Inc, earned SITS, 9,486 or s2.05 on com.
bined class A and B shares in
months VS.. S716.734 or $2.04 a veal
ago.
Consolidated Textile Co. net for l:
months ended August 81 was S464, ,18.
or 80 cents VS.. $560,116 or Sill il
the preceding fiscal period.
Certain-teed Products Corp
earned 1894 1854 in months endet
September 80 VS.. $498, 1886 year ago
Federal Mogul Corp. profit for !
months was $463,02 or $1.66 VS.
s914,393 or 1927 in the same 1884,
period.
Maytag Co. earned S488, ,546 or 81 2!
a preferred share In nine months
VS.. $917,S54 or $291 a year ago.
Elliott Co. has paid the remainin,
$3,000,000 due under its V-loa1
agreement and is free of funded
CoOper-Bessemer Corp. borrowed
$2,500,000 from Mutual Life Insur.
ance Co. of New York. The loan Il
due in 1860 and Is repayable in an
nual installments starting in 1948.
Peoples Water e. Gas Co. callee
for redemption on January / $780,,
900 of first mortgage gold bonds
series A, at 10l plus accrued interest
Colonial Airlines carried 1855
passengers In October VS.. 10,185 ir
the previous month and 6,443 yeal
ago.
Callahan. Zinc-Lead Co. elected
Henry B. Van Sindersen board
chairman and Joseph T. Hall presi-
dent.
Emerson Drug Co. elected Charles
P. Walker, jr, president of Citro-
Chemical Corp, a subsidiary.