Evening star., 1945-07-16
Business Briefs

Cotton Consumption of domestic
mills in June totaled 736,063 bales OF
lint and 1882 of linters VS.. 830,56e
and l28,707 in the previous month
and 805,823 and 121, ,708 a year ago
the Census Bureau reported. In II
months ended June so, the totals
were 9,902,47 bales of lint and l.
366,660 of linters VS.. 9,219;968 ano
l,23l,3l2 a year ago.
Our Economy Functions Best
when not hogtied by wartime con-
.rols, Brig. Gen. Leonard P. Ayres
vice president of the Cleveland
Trust Co., said in his monthly re-
view. 1t is becoming clear that
We Day changed our business prob
lens considerably, but eased them
very little, he added.
Special Offering of II 200 shares oi
10th Century-Fox Film Co. $1.5(
preferred stock was made on the
floor of the stock exchange today al
s35 with commission of 60 cents.
Philip Morris & Co., Ltd, pur.
chased around 100000 pounds oi
tobacco for more than $10,000,00(
from Transamerica Corp. which ac-
luired it through its interest ir
Axton-F Fisher. 1t was the only i'm
oortant available supply of ripeneo
and matured tobacco left in the
United States, said President Alfred
E. Lyon, who added that cigarette
production would be increased i'm
nediately.
Steel Mill Operations for the cur
rent week were scheduled at 1887
Of capacity, indicating production
Of 1914 300 tons, the American Iron
s. Steel Institute announced. Fig
ures last week were 89% and $780,
.ons; a month ago, 1887 and 1885,
500 a year ago, 96.89o and 1,741, 300
General Electric Co. orders in the
1rSt half were 149e below a year
ago. The decline in the first quarter
was only 10, but this expanded TO
28eo in the second quarter.
American Telephone g. Telegraph
Co. earned S43,054,00 or $218 a
share in months ended June 80
vs., $40,650,516 or $2.13 year ago.
Net for the entire Bell System was
k46,O21,79 or $225 on A. T. & T.
stock VS.. S42, ,660,204 or $216 year
ago.
Transue g. williams Steel Forging
Corp. profit for months ended
June 80 was $176,809 or $131 VS..
s2ll,026 or $1.56 in the same 1914
period.
Buffalo Forge Co. earned $240, ,02O
Or IA cents in three months ended
May 81 VS.. sos, ,545 or 80 cents year
ago.
Selby Shoe Co. net for IL months
ended April 80 was $271 ,277 or $1.18
VS.. $350.68o or $1.52 in the previous
year.
United Shoe Machinery Corp.
earned, $7,603,536 or 1913 in II
months ended February % VS.. ST.
744,426 or $500 in the preceding
hscal period.
National Bond e. Share Corp. as
sets on June 80 totaled $10,303, ,702
or $28.62 a share VS.. $26.46 a share
ID March 81 and $25.97 on Deem
Or 81, 1914
chemical Fund, Inc, assets on
Idhe 80 amounted to $10,959, ,594 or
s10.69 a share VS.. $1,000 a share on
March 81 and $9.97 at the end of
1894.
Hayes Industries, Inc, paid in full
S3,O00,000 VT loan negotiated
Iuly S, 1914, which was to become
due at the end of this year. The
hrfn is negotiating for a termina-
lion loan of $3,000.000.
Mack Trucks, Inc, shipped 100
trucks to France and Belgium, first
consignment for reconstruction work
Sinclair Oil Corp. reported do
nfestic subsidiaries completed llC
wells in the first half, adding a net
estimated daily potential crude oil
production of 24,269 barrels.
New Mexico Public Service Co,
plan to sell properties serving So
zorro County, N. Mex, to Socorro FL
ectric Cooperative for $l60,000 was
approved by the SEC.