Evening star., 1945-01-02
Business Briefs

Steel Mill Operations are sched-
uled for the current week at 95.8%
of capacity, indicating production
of 1,728,100 tons, the American Iron
& Steel Institute announced. Fig
ures last week were 921% and l.
656 900 tons; month ago, 96qo and
1,727 900; a year ago, 931Go and l.
667, 900.
Less Meat, Butter, Sugar and
processed foods than at any time
since the war began is the civilian
prospect for the first quarter of
1945 in the opinion of Paul S. Will
lis, president of the Grocery Manu-
facturerS of America.
The Growing Threat of Imitation
is the most critical domestic prob
lem facing the nation in 1915, apart
from the need to increase war pro-
duction, reported the National City
Bank. 1t urged rigid economy, both
Governmental and private.
Charge Account Indebtedness
jumped to $1,664, 900 900 on Novem-
ber 30, gain of $148, 100000 from
month earlier and $198 ,000, ,000
above a year ago, the Federal Re-
serve Board reported.
Railway Purchases of equipment
and material in 1914 amounted to
$1,000, 100000, an increase of 17%
over $1,115, 900 900 in 1943. Railway
Age estimated.
Quick Frozen Food Production in
1914 totaled 500,000,0OO pounds in
1914, gain of about 1870 over the
previous year, said President B. C.
Olney of Birds Eye -Snider, Inc.
Braniff Anyways announced cuts
up to 40% in domestic air express
rates on certain perishable COM
modities as an experiment to de-
termine what volume may be de-
veloped. Included were fresh fruits,
vegetables, mushrooms, Seafood and
fish.
Chemical Bank & Trust Co. of
New York reported assets of $780,
836,755 at the end of the 1914 VS..
$1.249, ,514,079 a year ago. Deposits
were 81 ,398, ,753 ,587 VS.. $1,153, ,998, ,166;
earnings, 1886 share VS.. $3.50.
First National Bank of New York
earned $12,426,8 1884 or $12427 a share
in 1914 VS.. $10,615, ,903 or $106.l6 in
1943.
Grand Union Co. net for months
ended November Is was $164960 or
"a cents VS.. $142,3 or 64 cents a
year ago.
Glidden Co. earned $2,117 ,289 or
$2.02 share in II months ended
october 81 VS.. $1,998, ,199 or $1.87 in
the previous year.
Ashland Oil & Refining Co. profit
for IL months ended September 80
was $771 ,939 or rs cents VS.. $733, 1856
or II cents in the preceding year.
Amalgamated Sugar Co. net for IL
months ended September 80 was
$756. .494 or 81 cents VS.. $752 ,266 or go
cents in the preceding fiscal period.
Cherry -Burrell Corp. earned $685.
414 or Sill in II months ended
October 81 VS.. $580,976 or $1.15 in
the pervious year.
Nunn-Bush Shoe Co. net for IL
months ended october 81 was $780,
497 or $1.13 VS.. $266,836 or $118 in
the preceding period.
Pittsburgh & West Virginia Rail-
way earned $1,314, ,941 or $4.31 in II
months ended November 80 VS.. ST.
141,823 or 1914 a year ago.
Mount Vernon Car Mfg. Co., di-
vision Of H. K. Porter Co., received
an order for 1000 50-ton box cars
from the Union Pacific Railroad
Southern Pacific ordered 500 similar
cars and the Santa Fe another 500
Massachusetts, Utility Associate.
received SEC approval for issuanc,
OF o 2A% unsecured note for S..
000, 600, due February 8, 1948, to ths
First National Bank of Boston. Ths
new note viii replace a 21a 20 note
due February 9, 1945, held by the
same bank
Savannah Gas Co. plan to sell it.
properties and current assets for $2,.
Dos 900 to Savannah-St. Augustine
Gas 90. was dled with the SEC.