Evening star., 1945-05-28
Business Briefs
Steel Mill Operations for til

steel Mill Operations for the cur
rent week were scheduled at 91%
of capacity, indicating production
of 1866 300 tons, the American Iron
81 Steel Institute reported. Figures
last week were 92.9% and 1,7Ol 600
tons VS.. 9588o and / 1,754, 100 a month
ago and 97.596 and 1,746,5O0 a year
ago.
Net Railway Incomes in the first
months of 1945 and a year ago:
Southern, s7,322,694 VS.. s6,418,1O1:
Western Maryland, $1,368,255 VS.,
s1,641,514; c., B. g. O., S9,1S5, ,665 VS..
S6,408,974; st. Paul, S3,10O,789 VS.
s3,269 1856: D. & r. G. W., S2,l97, ,727
VS.. S964,435.
American Telephone g. Telegraph
Go. is preparing registration state
ment for the SEC covering a pos
Sible SITS 5,000.020 of 2a4 co debentures
to finance retirement of SITS, 900 yOO(
of 25-year 3HGo debentures, due
1861, at los plus interest on October
|. The new issue would be sold al
competitive bidding.
Southern Bell Telephone e. Tele.
graph Co. registered with the SEC
$4,000 900 of 40-year "a % deben-
lures to finance redemption of 81 %
debentures, due 1862, at 103.
Safeway Stores, Inc, sales for 4
weeks ended May 10 totaled s49,-
567,4S1. a drop of so from a year
ago. for 20 weeks ended the same
date, $242, ,565, ,238, decline of .29o.
Pennsylvania Central Airlines re-
ported l3,500,000 revenue passenger
miles flown in April was a new high
mark for any month in it's history.
April profit was 500, ,263 VS.. a deficit
of 81, ,165 year ago. Net for four
months ended April 80 was $161 ,391
vs.. a loss of $56, ,681 a year ago.
Montgomery Ward T. Co. earned
s4,767 ,955 or IS cents a share in 8
months ended April 80 VS.. $3,43O, ,324
or 50 cents a year ago.
West Penn Power Co. and sub.
sidiaries reported profit of $1,635, ,796
or A cents in the March quarter VS..
S1,608,352 or 43 cents in the same
1914 period.
West Virginia Pulp e. Paper Co
earned $1,145,7 ,783 or SO cents in 6
months ended April 30 VS.. $l,2lO,634
or 80 cents a year ago.
Brown Shoe Co. net Tor months
ended April 80 was $441 ,127 or SITS
VS.: 1897 ,053 or $l.6l year earlier.
William Filene's Sons Co. earned
s904,561 or $1.61 in months ended
February 3 VS.. $842,178 or s1.49 a
year ago.
A. G. Spalding e. Bro. Inc. esti-
mated profit for months ended
April 80 was $685. 900 VS.. $353, 900 a
year earlier.
Pet Milk Co. earned $25s, ,004 or IS
cents in the March quarter VS.. loss
of S68 1882 year ago.
Northwest Airlines net for the
March quarter was $77,846 or ~
cents VS.. $37,742 or 16 cents in the
same 1914 period.
Holly Sugar Corp. earned s70l ,60l
or $l.13 in II months ended March
81 VS.. $544,605 or 81 cents in the
previous year.
Basic Magnesium, Inc, q manage
ment company in which Anaconda
Copper has 52h % interest, was
released by the Government, effec-
tive May II, from all connection
with the operation of magnesium
mines and large producing plant of
the DPC at Las Vegas, New.
General Electric Co. and Halle
Mines. Inc, merged tungsten min.
ing operations into new firm
Tungsten Mining Corp, in which
GE holds substantial interest,
Consolidated Vultee Aircraft Corn,
will release 10000 workers at it's
Fort Worth plant by October 81 as
a result of 30% cutback In Army
aircraft production.
Westinghouse Electric Interna.
tiOnal Co. announced that Douglas
c. Lynch, manager. of the special
products division, would leave soon
for the Philippines to serve as tech
n al adviser to President Osmena.
M