Evening star., 1945-05-01
Business Briefs
Steel Mill Operations for the

Stcci VIII operations t1OT Cne cur
rent week were scheduled at 95.6G
OF capacity, indicating production of
1,754, 700 tons, the American Iron and
Steel Institute reported. Figures
last week were 1927 and 1,707, 100
tons; month ago, 969c6 and l.
774,900 a year ago, 995T5 and
1,782,3OO.
Graham-Paige Motors Corp. stock
holders approved a S5 100000 fnanc-
ing program including 100000 shares
OF new so convertible preferred and
100000 additional common shares.
Standard Oil Co. Undiana) stock
holders were told capital require
ments for 1945 will total around
Sl00,000000 vs. S90000.0O0 in 1914
and S97 100000 in l943. Net for
1914 was $50 100000 VS.. S5O,6OO 900
in l943.
Standard Oil Co. New Jerseyl de-
clared a Semiannual dividend of SO
cents common share and an extra
OF IS cents. both payable June II.
Nlrginian Railway was authorized
by the SEC to issue S69544.O0O of
80. refunding series B bonds, of
which S60,000,000 have been awarded
to Mellon Securities Corp. and Hal
sey, Stuart & Co. for los .669 and ac-
crued interest.
Standard Brands, Inc, stockhold-
ers were told it may be difficult to
maintain through 1945 the favorable
earnings of the first quarter because
OF rising costs, fixed selling prices
and restrictions on raw materials.
Kennecott Copper Corp. earnings
Tor the first quarter equaled 70
cents a share VS.. S1O2 a year ago,
President E. T. Stannard announced.
E. 1. du Pont de Nemours g. Co.
earned S18,796,997 or S1.52 a share
IN the March quarter VS.. S17,242, 1862
or S1.30 a year ago
Commonwealth Edison Co. net for
the March quarter was S6.153,988
or 48 cents VS.. S5,864, ,484 or 46 cents
in the same 1914 peeriod.
United Aircraft Corp. earned So
547,781 or $121 in the quarter VS..
34060,628 or S140 a year ago.
Radio Corp. of America profit for
the quarter was 1887 900 or 16 cents
VS.. $2,401 ,234 or IL cents in the same
period last year. President David
Sarnof said backlog of about $780,
100000 would keep plants busy with
war order at least through 1945.
American Rolling Mill Co. net for
the quarter was S1,875,502 or 48 cents
VS.. 81 ,229,035 or 25 cents in the same
1914 period
SkeIly Oil Co. earned $1,767 ,810 or
$1.80 in the quarter VS.. $1,754,359 or
$1.78 at year ago.
RichfieId Oil Corp. net for the
quarter was 81 ,121 $40 or % cents VS.
1886, ,281 or % cents in the same 1914
period.
Scott Paper Co. earned S315, ,4e3> OF
47 cents in the quarter VS.. 1921 ,602 OF
40 cents year ago.
Stone & Webster, Inc, net for the
quarter was S313,524 or is cents VS.
S568,096 or q cents in the same
1914 period.
McGraw-Hill Publishing Co. nei
for the March quarter was $406, 534
or 10 cents VS.. S435,394 or "a cents
in the same 1914 period.
Decca Records, Inc, earned $227,.
506 or So cents in the quarter VS.
S25o,o73 or "a cents year ago.
Buckeye Pipe Line Co. net for the
quarter was S213.3O1 or 10 cents VS.
$224,617 or 20 cents in the same 1914
period.
Byron Jackson Co. earned $204,-
582 or 81 cents in the quarter VS.
sl45,258 or 38 cents year ago.
Panhandle Eastern Pipe Line Co
earned s6,073,227 or S327 in Il
months ended March 81 VS.. $685.
$40 or $2.62 in the previous year.
Sears, Roebuck e. Co. sales in the
March quarter were 1870 above 8
year ago
Devoe & Reynolds Co. acquired
Truscon Laboratories, Inc, of De.
troit. =
National Can Corp. elected Charlie.
B. Wiggin treasurer