Evening star., 1945-09-10
Business Briefs
Steel Mill Operations for the

Steel Mill Operations for the cur
rent week were scheduled at 80.3T
of capacity, indicating production
of 1,470,000 tons, the American Iron
& Steel Institute disclosed. Figures
last week were 74.9oo and 1871 600
tons, month ago, 82.5qo and ISL, :
100; a year ago, 93.8% and 1887 400
Living Costs of wage earners and
lower-salaried clerical workers from
June to July declined slightly in
26 industrial cities, increased in %
and showed no change in IA, the
Industrial Conference Board an
nounced.
United States Steel Corp. subsidi-
aries shipped 1882 ,l80 net tons Of
finished steel products in August vs.
1903 1894 in the previous month and
1,743, ,485 a year ago. In months,
shipments totaied 13,066,l33 tons VS..
14,130,864 a year ago
Consumers Power Co received a
bid of 101 6799 for S1l3,825, 900 of
27sfo bonds from a syndicate headed
by Halsey, Stuart & Co. Reofering
was planned at 10237. Proceeds will
be used for refunding purposes.
Southwestern Bell Telephone Co.
registered with the SEC $75,-
100000 of 40-year 234&o debentures
to be sold at competitive bidding.
Proceeds will retire $30,000,000 of
series c 3P6 bonds in January at
104 plus interest and s45000,000 of
series B 312T bonds next June at
los and interest
Cincinnati Gas e. Electric Co. reg
istered with the SEC $45 100000 of
first-mortgage bonds and 100000
shares of cumulative preferred stock
for refunding purposes. The pre-
ferred will be offered in exchange
for old preferred on a share-for-
share basis. The firms 34 % and
31aeo bonds will be called.
Western Light e. Telephone Co.
offering of $6,200,000 first mortgage
go bonds was marketed by Harris,
Hall g. Co. and associates at 101.So
plus interest.
Brooklyn Borough Gas Co. offer
ing of S3,640,000 first mortgage
31sTo bonds was marketed by Mel
Ion Securities Corp. at 1929 and
interest.
Solar Mfg. Co. offering of 81 500
O00 So sinking fund debentures was
marketed by a group headed by Van
Alstyne, Noel g. Co. at 100 plus in
tereSt
Bohn Aluminium & Brass Corp.
profit for the first half of 1945 was
S974,964 or S277 share VS.. 81 1904
$50 or $342 in the same 1914 period.
Chicago Pneumatic Tool Co.
earned S999,741 or $194 a share in
the first half of 1945 VS.. ST l,014,983 or
81 99 a year ago
City Stores Co. profit for six
months ended July 81 was 1891 ,315
or 50 cents on class A and common
stocks VS.. s759.15S or At cents in the
same 1914 period.
Kennedy's, Inc, earned $211, ,544
or $l20 common share in months
ended July 81 VS. $156,555 or 83 cents
a year ago.
Electric Power & Light Corp. net
$11,801. .756 or 1888 on combined
preferred stocks VS.. $5 1864, 1863 or
$723 in the preceding fiscal period.
E. l.. Bruce Co. earned $442 ,406 or
S2.61 a share in II months ended
June 80 VS.. $529, 1888 or $3.50 in the
previous year.
Montgomery Ward g. Co. sales for
August totaled S48,686 $50 VS.. $52,-
208,040 year ago, decline of 67%c
S. S. Kresge Co. sales in August
totaled $16,711 1924, a gain of 1.7%
from year ago. in 8 months, s133,-
401 ,583, an increase of 5.0%.
Republic Steel Corp. needs $500
additional men and will not be able
to resume normal operations. until
they are obtained, President c. M.
White declared.
Pennsylvania Central Airlines put
into effect new fare schedule based
on a rate of 4.65 cents mile. 1t
represents cut of 20qo to 46ge.
TACA Airways arranged a $1,000,-
600 equipm ment purchase credit
through the. Export-Import Bank
and the Commercial National Bank
of New York.
Nu-Enamel Corp. elected Lee
Boyd vice president.
Standard Gas Equipment Corp.
elected Herbert C. Erhard vice
president in charge of sales.
Michigan Steel Tube Products Co.
elected George L. Miller vice presi-
dent in charge of sales.
Atlas Imperial Diesel Engine Co.
elected r. J. Miedel president.