Evening star., 1945-08-06
Business Briefs

Steel Mill Operations for the cur
rent week were scheduled at 87.99o
of capacity, lowest mark since July,
1910, indicating production of l,610,-
900 tons, the American Iron g. Steel
Institute announced. Figures last
week were 90.8% and / 1858, 100; a
month ago, 89Go and l,630,2 200, and
a year ago, 96.6% and 1,737 500
Labor troubles and repairs were
blamed for the decline.
Air'Express Shipments on domes-
tic airlines in June rose to 76,700
VS.. 38,400 a year ago, a gain OF
272%o, the Railway Express Agency
announced.
Merchant Ship Compilations in
July totaled 81 vessels aggregatins
1876, ,185 deadweight tons, lowest mark
since November, 1912, the Maritime
Commission reported.
North American Co. asked SEC
permission to pay stock dividend
of a common share of Pacific Gas
e. Electric for each 100 North Amer.
lean share on October /. -
Columbia Gas e. Electric Corp
asked SEC approval of a $22, 900, ,00t
issue of 2-year IL % notes. Proceed.
would be used with 10,640,000 o1
treasury funds to retire $32 ,000, ,00(
of 25-year SO debenture bonds, due
1852, at 102 plus interest.
Ford Motor Co. turned out 359 pas
senger units in July and will ster
UP production sharply this month
Truck output of $3.50 in July viii
be doubled in August.
Great Northern Railway plans to
sell $75 10000 of new bonds at COM
petitive bidding to cut fixed charges
to s8,500,000 annually, compared
with more than 100000 in 1885
Proceeds would be used to redeem
$50,000,000 of 334q6 bonds on jan
uary / and $36 900, 900 of Az % bonds
July 1, 1947.
Lane Bryant, Inc, stockholders
will vote August 16 on a proposed
2-for-1 split in common stock and
issuance of 100000 shares of new
4h% preferred Holders of TO pre-
ferred, would be offered two new
shares in exchange for each ole
share.
Coca-Cola Co. reported surplu.
available for common stock after
class A dividends was $10,667 ,238 OF
$3.50 a share in months ended
June 80 VS.. $11 1,118,9 1866 or $278 ir
the same 1914 period.
Proctor g. Gamble Co. earned sic,
5l2,314 or $2.95 in IL months ended
luna IN vr e1O ddn % oy eO Od iy, fIs
previous year.
New Jersey Zinc Co. net for
months ended June 80 was $2,674,'
957 or 81 .36 VS.. 81, ,705, 1877 or $1.38 ir
the same 1914 period.
Van RaaIte Co. profit for months
ended June 80 was $407,95 or SIS.
VS.. 1857, ,776 or $l.24 in the first hall
of 1914.
Union Oil Co. of California earnee
$5,374, ,730 or S1.15 in<6 months endeC
June 80 VS.. s3,302, ,l96 or II cents {
year ago.
Standard Oil Co. Of Ohio prof
for 6 months ended June 80 wa.
$3,041 ,252 or SLOT VS.. s2,536, 1888 or 5.
IN the same 1914 period.
Monsanto Chemical Co. earned
$3,05 1896 or $2.05 in months endes
June 80 VS.. s2,387, ,765 or $1.53 a yea
ago.
Niagara Hudson Power Corp. ne
for months ended June 80 was So,
351 1874 or 1894 on first preferres
shares VS.. $2,857,576 or $754 in tn,
same 1914 period.
Loew's, Inc, earned $9,312 ,243 o
41.84 in 40 weeks ended June Z VS.
t10,514,646 or $2.08 a year ago,
Aviation Corp. profit for month
ended May 81 was 81, ,593, ,260 or
cents VS.. $2,317,853 or 40 cents in tn
same 1914 period
Canada Dry Ginger Ale, Inc
earned 81 1853 ,904 or IA in 9 month
ended June 80 VS.. 81, ,003, ,708 or SIS
q year ago.
First National Stores, Inc, prof
for 50 weeks ended March 81 wa
S2,294, ,604 or $3.50 VS.. $2,235, ,l04 o
f2.73 in the previous So weeks.