Evening star., 1945-07-02
Business Briefs

Steel NlllI OpeTdIlOnS LOT IIle cur =
rent week were scheduled at 881G
Of capacity. indicating production Of
,l,613,700, the American Iron g. Steel
Institute announced. Figures last
week were 91.5qo and 1878 900 tons !;
"a month ago, 91.1qo and 1868 500; a
year ago, 93.9% and 1858, 200.
Wars StupendOus Cost and Waste
are at last beginning to decline and
energies Of the country are being
freed in part for production of civil
ian goods to combat imitation and
resume the upward trend of the
standard of living, commented the
National City Bank in its monthly
letter.
Neat Production in June showed
little change from the preceding
month, the American Meat Institute
disclosed Output of beef, veal and
production rose Sc. Production
chages from year ago: Beef, --l296 ;
lamb, +9%; veal, -25Pc; pork, $40
Pittsburgh Plate Glass Co. is pre-
pairing with full determination" to
support its policies of 81 years stand
ing against antitrust charges, said
President Harry B. Higgins.
Secuities Marketed Today in
cluded: SIS ,000, 900 of 234qo de-
bentures and 250,000 shares of $3.75
cumulative preferred stock of Union
Oil Co. of California; 5l,094 shares
of 81 preferred of E. R. Squibb &
Sons at 108 plus dividends; 10000
convertible preferred shares of
Trailmobile Co. at so; 125, 900 cumu-
lative preferred shares of Sterling
Drug, Inc, at 1921; 10000 preferred
shares of Moore Drop Forging Co.
at 50 and 135, AIS common shares
at 10.
National COntainer Corp. reg
istered with the SEC 100000 shares
of 434%o cumulative convertible pre-
ferred stock to be offered publicly
at 26 plus dividends and 10000 COM
mon shares issuable upon exercise
of stock purchase warrants to be
sold at 10 cents each.
Eastern Gas e. Fuel Associates
filed with the SEC a plan to sell
S40,000,000 of first mortgage and
collateral trust bonds at competitive
bidding and make a 5000, 900 bank
lOdH w AC1AC oA oCAACS n bOAi0o az
1912.
Idaho Power Co. registered with
the SEC 39,4l3 shares of 4Go pre-
ferred stock to finance expansion.
Consolidated Gas Electric Light
g. Power Co. earned $2,999,577 or
S2.11 a share in months ended
May 81 VS.. $2,794,426 or 81 "a year
ago.
Church Pension Fund of the Prot
estant Episcopal Church reported
assets of $38,992, ,676 and a yearly
pension roll of $1,378,528 at the end
of 1914. Assets were 81 1863 ,253 above
a year earlier. Market value of in
vestments was $2,635 SOB in excess of
book value.
Cities Service Gas Co. placed $780,
100000 of first mortgage pipeline
2% % bonds, due 1865, privately and
arranged a $10,000,00o bank loan al
2h9o for refunding and expansion
purposes.
Pharis Tire g. Rubber Co. ar.
ranged bank loan of $1,500000 Sc
cured by a 10-year note at 31a q
with the Society for Savings ir
Cleveland.
Pittsburgh Coal Co. and Consoli-
dation Coal Co. stockholders re-
cefved merger terms. Pittsburgh
Consolidation Coal Co., the new
firm, will issue $14,250,00 of 81 q
debentures and 100000 common
shares, of which Pittsburgh Goa
holders will get roughly $50 anc
Consolidation holders 35%.
Manufacturers Trust Co. stock.
holders approved issuance of 4l2,50t
common shares and redemption o.
356 6,990 shares of convertible pre-.
ferred stock. Holders of preSen
common will receive subscription
rights at the rate of new share fol
each held.
National Association of Retail
Grocers elected John E. Jaeger d
Baltimore as president.