Evening star., 1945-09-11
Business Briefs
Steel Mill Operations for the q

Steel Mill Operations for the cur
rent week were scheduled at 90.39c
of capacity, indicating production
of .470,800 tons, the American Iron
81 Steel Institute disclosed. Figures
last week were 749% and 1871 SOC
tons; month ago, $3.50 and 1.5l1,-
100; year ago, 938%o and 1857 400
Southern Pacific Railroad award
ed S25,000,000 of series A 27s%
bonds, $50 100000 of series B 334 et
bonds and $50,000.900 of series C
334To bonds to Kuhn, Loeb & Co
on a basket bid of 98 Reoffering
was at 9912 for A bonds, 100 for B
bonds and 9934 for c bonds.
Niagara Hudson Power Co. re-
ceived a high bid of $9.3265 a share
for 445,738 common shares of Cen
trail Hudson Gas & Electric Corp
from Kldder, Peabody & Co.
Wilson & Co. registered with the
SEC 250,000 shares of cumulative
preferred stock and an unSpecifieC
number of common shares to be
used III an exchange offer to holders
of outstanding Sc cumulative pre-
ferred stock
F. L. Jacobs Co. registered with
the SEC $4,000 shares of $50 par
value so cumulative convertible
preferred stock to help finance re-
tirement of a S5,000,000 bank loan.
Miller Mfg. Co. registered with
the SEC 100000 of SO sinking
fund debentures to reduce bank in
debtedness.
Chicago Corp. sold its interest in
Tennessee Gas & Transmission
Corp. to a group headed by Stone &.
Webster for $10,50O000 to avoid be-
ing classified by the FPS as nat
ural gas company.
Sylvania Electric Products, Inc.
stockholders will vote october 10 on
a plan to authorize a new preferred
stock issue not to exceed 100000
shares.
Certain teed Products Corp
cleared up all arrears on unex-
changed go cumulative preferred
stock with a declaration of S4950 a
share, payable October /.
Howe Sound Co. declared divi-
dend of 40 cents a common share
payable September 90. Previous
payments were 80 cents.
Air Reduction Co. plans to spend
S25 ,000,00 for expansion. Immedi-
ate plans call for expenditure of
about $6,500,000 for industrial gas
plants, dry ice plants and other
facilities.
Western Union Telegraph Co.
earned s5,809,052 or SAT- a share
on class A stock in 7 months ended
July 81 VS.. Sd, 4,149,5 ,502 or 1888 a year
ago.
Archer-Daniels-M Midland Co. net
for II months ended June 80 was
S3,538,761 or $6.49 share VS.. S4,-
682,700 or $3.50 in the preceding
fiscal period.
American Power g. Light Co. and
subsidiaries earned $l4,301 1882 OF
$8.07 on combined preferred stocks
in II months ended June 80 VS.. S14,-
419,243 or 1914 in the previous year
New Orleans Public Service Co
net for IL months ended July 81
was $2,071 ,230 VS.. $1,523,336 in the
preceding fiscal period.
Lake Shore Mines, Ltd, earned
$1,337 ,135 or 81 cents share in IL
months ended June 80 VS.. ST. SAL ,977
or 76 cents in the previous year.
Baltimore G. Ohio Railroad re-
quested bids on $1,200,000 of prom
issory notes to help finance pur-
chase of 500 hopper cars.
Kuhn, Loeb g. Co. announced
plans for formation of Industria
Electrica de Mexico, a $4,000 00(
corporation to create an electric
Manufacturing industry in Mexico
Foremost Diaries, Inc, acquired
controlling interest in Southwest
Dairy Products Co. and Dairyland
Inc.
Baltimore e. Ohio Railroad car.
loadings in the week ended Septem.
ber 8 totaled 81 1854 VS.. 72,702 in the
previous week and 6S,73o year ago