Evening star., 1945-08-27
Business Briefs
Steel Mill Operations for the CT

Steel Mill Operations for the cur
rent week were scheduled at 74.5%
of capacity. indicating production
of 1,364,000 tons, the American Iron
& Steel Institute disclosed. Fig
ures last week were 69.9% and l..
10000 tons; a month ago, 90.6%
and 1863 100; year ago, 96.7%
and 1,739,300
Truck Production and employ.
ment in the truck industry should
be close to average levels of the
biggest peacetime year on record by
the end of 1945, declared the Auto.
mobile Manufacturers Association.
Stock Exchange Memberships
were sold for $4,000 and S66,000, uI
$1,000 and $4,000 from the previous
sale.
Consolidated Film Industries, Inc.
stockholders will vote September 81
on plan to merge the firm and Re-
public Pictures Co. with Setay Co.
Wheeling &; Lake Erie Railway
asked ICC permission to issue $6,.
100000 of mortgage bonds to finance
redemption of 21s9o and 3ls%
bonds.
Socony-Vacuum Oil Co. announced
plans to retire S64,500,000 of az %
debentures and arranged a 10-yeal
bank credit for S50.000,000 to pro.
vide part of the funds.
Morris Plan Corp. of America reg.
istered with the SEC 937,500 COM
mon shares to be offered at So g
cno nvnhor,un no I>1
American General Corp.
American Central Manufacturing
Co. registered with the SEC 142,154
common shares to be offered at sic
a share to repay bank loans and
increase working capital.
American Locomotive Co. has a
backlog of S118,000,000, including
S14,000,000 of uncanceled war ma
terial, after receiving S26,000,000 of
cancellations.
New York Central Railroad earned
s16,322, ,295 or s2.34 a share in I
months ended July 81 VS.. s21 .900, SOC
or $3.40 year ago.
Illinois Central Railroad system
profit for months ended July 81
was $11 1897 ,09O or S7.91 VS.. S11 $780,
323 or S811 in the same 1914 period
American Smelling G. Refining Co
earned $6,466,7 TAG or $215 in the first
half of 1945 VS.. $4,223 ,966 or $1.1a
a year ago.
TOrrington Co. net for IL months
ended June 80 was 2,729, ,910 or ST 81
VS.. $2,706, 1892 or S166 in the preced-
ing fiscal period.
Chain Belt Co. earned sSO2 ,285 OF
S1.65 in II months ended July 81 VS.
$375,912 or $180.
Shell Oil Corp. will construct q
s3,000,o00 recycling plant at Sheri.
dan, Tex.
Studebaker Corp. will resume pas.
senger car production in October.
Nashua Mfg. Co. stockholders
voted to retire all 34,470 first pre-
ferred shares on October / at los.
General Motors Corp. announced
its GMC truck and bus division had
started construction of new build
ings at its Pontiac, Mich, plant
-Wiles Biscuit Co. directors
authorized purchase of a 44-acre site
in Kansas City, Mo-, for So, ,000, ,00t
plant.
Burlington Mills Corp. acquired
stock in Stark Bros Ribbon Corp.
General Ribbon Mills and other
StSy.!< companies.
kalamazoo Stove & Furnace Co
will spend at least $2,00O,000 for re-
conversion and will add washing
machines and refrigerators to its
present line.
Curtiss-Wright Corp. will concen-
trate all military aircraft production
at its Columbus, Ohio, plant. Buff
falo plants will turn out commercial
planes.
Montgomery Ward & Co. presi-
dent, Clement D. Ryan resigned and
announced he would operate the
Whitney department store in Sau
Francisco for its new purchaser
SpieSel Inc.