Evening star., 1945-04-09
Business Briefs
Steel Mill Operations for the

Steel Mill Operations for the cur
rent week were scheduled at 94.3fc
of capacity, indicating production
of l,723, 100 tons, the American Iron
4, Steel Institute revealed. Figures
last week were 96.9ee and l,774,900
tons, a month ago, 945co and l.730.-
300: year ago, 98.7'6 and 1,76800O.
The weeks decline was laid to fear
Of a soft coal shortage and actual
shortage in some cases.
Rayon Shipments in the first
luarter totaled 1885 100000 pounds,
compared with 1877 100000 in the
preceding quarter and 172 100000 in
he same 1914 period, the magazine
:2ayon Organon announced.
Retail Store Sales in February
totaled $5,l70,000,0 gain of go
over year earlier, the Com
nerce Department estimated. Heavy
'lothing sales were a major factor
in the rise.
Atlas Plywood Corp. increased the
annual dividend on common stock
O 81 with a quarterly declaration
IF 25 cents, payable May l. 1t paid
20 cents a quarter previously.
Ohio Edison Co. awarded S26, ,089,-
n00 of 234cs first mortgage bonds
iue 1875, to group headed by Nor
gan Stanley & Co. on bid OF
l00.279. Reoffering was planned at
l0l.
Central Vermont Public Service
Corp. awarded s6,967,O0O of 234fo
first mortgage bonds, due 1875 to
Halsey. Stuart e. Co. and associates
on bid of 100.77l3. Reoffering was
planned at 10ll2. Coffin g. Burr and
associates submitted high bid of
1888 for 10000 common shares.
Reoffering was planned at $2025.
kobacker Stores, Inc, registered
with the SEC 55,78l cumulative pre-
lprred shares and 175.000 common
shares to be offered at 25 and 9
respectively. Van Alstyne, Noel &
Co. heads underwriters.
Consolidated Retail Stores regis
tered with the SEC 10000 shares of
S2.75 cumulative preferred stock to
be offered in exchange for present
81 preferred al the rate of 23
lares OF new stock for each old
share.
Missouri ri-Kansas-Texas RaiIrOa d
management apparently won its
battle against Miami group seek
ing control, when the opposition
withdrew a proposal to reduce the
board from Is to 9 members and
abolish the Executive Committee.
S. S. Kresge Co. sales for March
totaled $20,548,885, a gain of 1920
rom year ago; for months, $49,-
2,443, an increase of 10.9%.
Bond Stores sales in March to-
,aled 5,738, ,l68, an increase of 12.99o
.iom year ago: in 3 months, $12.-
$500, up 1852.
Reynolds Metals Co. earned S3,-
045,818 or $2.7l a share in 1914 VS..
% .658, $50 or $3.50 in l943.
Northern States Power Co. net for
1914 was s6,362,867 or SIPS VS.. So
492, ,004 or Sl28 in the previous year.
Long Bell Lumber Co. tMissouri)
earned S1,947,77l or SO cents in 1914
VS.. $2,020,79 or 96 cents in l943.
American Investment Co. of I'LL
nois reported profit of S944,84l or 60
cents in 1914 VS.. S944 .58l or so cents
IN the previous year.
Thermoid Co. earned S754, ,564 or
Sill in 1914 VS.. S526,334 or 70 cents
in 1943.
Southern Railway reduced funded
debt $l2,648,177 in 1914 and has ac-
quired or set up reserves for an ad-
ditional $4,000, 900 reduction in l945
Baltimore e. Ohio Railroad rev.
enues set a new record in 1914, but
net income declined $9, ,595 ,042 from
the previous year. Freight revenues
were up SO, while passenger rev.
enues were 1870 above 1943.
Norfolk & Western Railway rev.
enues in 1914 also set a new record
but net was below 1943. Revenues
of around $l60, ,000, 900 were So above
1943 and 1870 above 1889.
Lehman Corp. reported net asset
value of $45.42 share on March 81
VS.. S44.28 at the end of 1914 and
1897 on March 81. 1914.
80