Evening star., 1945-01-29
Business Briefs
Steel Mill Operations for the I

Steel Mill Operations for the cur
rent week are scheduled at 90.1oo of
capacity, indicating production of
l,625 200 net tons, smallest for a
nonholiday week since February,
1912, the American Iron and Steel
Institute reported. Bad weather and
coal shortages were blamed for the
sharp drop from 926qo and 1,670, 300
tons last week. Figures a month
ago were 958To and 1,728,l00; a year
ago, $685. and 1,734,800
Stable Business Activity is shown
by the index of Business Week,
which stood at 2313 in the latest
week, unchanged from the previ-
Gus week, and little changed from
231.2 a month ago. It stood at
1858 six months ago and 1891 a
year ago.
Holdings of Federal Obligations,
both direct and guaranteed, reached
SGT ,669, 10000 in member banks of
the Federal Reserve System at the
end of 1914. a Jump of $14,72l ,000,-
600 over year earlier.
Five Years of Reconstruction will
be necessary to restore natural rub
Der plantations to capacity produc-
ton, declared F. B. Davis, jr., chair
man of United States Rubber Co.
Synthetic facilities will help to meet
the deficit in early postwar years,
he said.
Northern Pennsylvania Power Co.
registered with the SEC $4,000, 900
of f1rst-mortgage bonds, due 1875,
for refunding purposes.
Atlantic Refining Co. and subsid-
1aries earned S14,712000 or $3.50 a
share in 1914 VS.. $40, ,688 900 or 1919
in 1943.
Hercules Powder Co. net for 1914
was $4,823,855 or 1925 VS.. S5,704,5l1
or 1898 in the previous year.
Carrier Corp. earned S1,205 ,524 or
s283 in II months ended October
81 VS.. S701 ,309 or $173 in the pre-
ceding fiscal period.
Marine Midland Corp. net for
1914 was s5,14s,655 or 81 cents VS..
S4,874,2l4 or 86 cents in 1943.
Mathieson AlkaIi Works, Inc,
earned 1922 1888 or 81 40 in 1914 VS..
S1,273, 162 or sl.34 in the previous
year.
Virginia Railway net for 1914 was
S4,965, ,726 or $263 VS.. $500, ,306 or
$3.50 in the preceding period.
New York Central Railroad
earned s35, ,785,85l or S5.55 a share
in 1914 VS.. s62, ,734 ,050 or 1918 in 1s43
Atlantic Coast Line Railroad net
for 1914 was S13,672,45 VS.. SIS, ,704,-
857 in l943. Gross was $155 ,946, ,298
VS.. $153, 3,60l,015.
Great Northern Railway earned
S23 1896, 1856 or $8.10 in 1914 VS.. s19,-
590,548 or s7.84 on fewer shares in
1943.
Idaho Power Co. net for 1914 was
Sl,406,143 or s2.39 VS.. S1,225,85l or
S182 in the previous year.
Lone Star Cement Corp. earned
s2,004, 1872 or $2.l1 in 1914 VS.. S2,723,-
9l6 or $2.87 in 1943.
York Corp. profit for months
ended December 81 was $422, ,529 or
IS cents VS.. $252,348 or &c cents in
the same 1943 period.
Pennsylvania Coal g. Coke Corp.
net for 1914 was S478,782 or $3.50
VS.. S499,003 or $500 In 1943 when
there was an extra credit of STA, 1859.
Public Service Co. of Indiana de-
clared regular dividends of $l,25 on
SO cumulative preferred stock and
Is cents on the common, both pay
able to holders of record February Is.
Chesapeake g. Potomac Telephone
Co. of Virginia announced reSigna-
ton of Arthur l.. Lambdin as vice
president and general manager to
become general traffic manager Of
the G. a. P. Telephone Co. operat-
ing in the District of Columbia.
Penn Mutual Life Insurance Co.
appointed DR.. Daniel Marsh Shew-
brooks associate medical director.
He has served in similar positions
with several companies in Washing
ton and other cities.