Evening star., 1945-07-10
Business Briefs

Meat output OF feQeralIV ulSpeCC-
ed plants last week approximateo
237 ,000, 900 pounds VS.. 2S2, ,000, 900 IN
the previous week and 266 ,000, 900 in
the like 1914 week, the War Meat
Board estimated.
United States Steel Corps reported
its subsidiaries shipments of fin
ished steel products in June totaled
1,602,882 net tons VS.. 1873 in
May and 1877 year ago. Ship
ments in months totaled 10, ,l24, ,959
VS. 10,632, ,854 a year ago.
Philip Morris e. Co. stockholders
approved an increase in authorized
capital stock from $4,000 900 to
S50,000,000. The new stock will be
divided into 3,350000 shares, OF
which 100000 will be common and
350,000 cumulative preferred. Hold
ers of present common will receive
2 new shares of common for each
share held The remaining 1,001,-
$50 common shares will be reserved
for later issuance.
Kings County Lighting Co. regis
tered with the SEC $4,200,000 of first
mortgage bonds to refund a $4,000.
600 note payable to the John Han
cock Mutual Life Insurance Co.
Pennsylvania Railroad received g
high bid of $10012766 on a 17s %
basis for $10,290,0o0 of equipment
trust certificates from Halsey, Stu
art & Co. Reoffering was planned
at prices to yield go to 21%o.
Mountain States Power Co. re-
ceived high bid of 10126 for ST.
100000 of 80 bonds from Kidder
Peabody e. Co. and associates. Re-
offering was planned at 101.95.
Arkansas g. Memphis Railway
Bridge G. Terminal Co. awarded ST.
865, 900 of first mortgage serial bonds
to a grouss headed by Shields & Co.
on combination of bids represent
ing an interest cost of 2.68T5.
Youngstown Sheet g. Tube Co.
arranged to sell $30,000,000 of 2a4 %
first mortgage bonds, due 1910, to a
small private group of investors.
Philadelphia e. Reading Coal &
Iron Co. stockholders approved a
plan to increase authorized capital
stock from $1,031, 400 to 81 ,444, ,086
New York Central Railroad and
the Baltimore & Ohio Railroad will
construct a new joint facility coal
and ore terminal on Lake. Erie al
Toledo at cost of SIS 5,000, 900.
United Fruit Co. earned $9,250 ,00C
or $316 a share in months ended
June 80 VS.. $3.50, 900 or $2.04 a year
ago.
Marine Midland Corp. net for
months ended June 80 was $2,l08,.
655 or 81 cents VS.. $2,134,832 or 81
cents in the same 1914 period.
Montgomery Ward & Co. sales fol
June totaled $50,002 ,538, a gain oi
62To from year ago; for 5 months
ended June 80, $263, ,121 ,907, an in.
crease of 113T.
S. III. Kress Co. sales for Jun,
totaled $685. ,625, gain Of 10 from
year ago: for 6 months, $56, ,557, ,128
decline of 1.49o from year ago.
McCrory Stores Corp. sales foi
June totaled $5,533, $40, a gain O.
2.1To from a year ago; for 6 months
$32, 1888, sos, an increase of 5.1eo.
General Foods Corp. acquired tn,
Colonial Salt Co. of Akron and viii
expand its operations under tn,
present management.
United Air Lines completed it,
25,000,000th mile of trans-Pacifi,
flying for the ATC. This Representa-
3,342 one-way flights which wouls
approximate 1000 trips around th'
world.
National Steel Corp. cut its deb
$14,500,00 and eliminated sinking
fund payments for Is years by re
tirement of S4.500,000 serial note
and purchase Of sl0,000,000 of it
so first mortgage bonds.
Baltimore g. Ohio Railroad car
loadings In the holiday week endel
July totaled 64,014ys. 76, SOP in tn
previous week and STOOL in the lik
1944 week.