Evening star., 1945-10-15
Business Briefs

Steel Mill Operations for the cur
rent week were scheduled at 66.3%
of capacity, lowest since May 6, 1910
indicating production of 1,214,400
tons, the American Iron & Steel
Institute announced. The fresh
drop was laid to coal shortages
caused by strikes Figures last week
we're 1857 and 1886, 300 tons; a
month ago, 1920 and 1923 900; a
year ago, 9796 and 1,745, 600.
Retail and Wholesale Prices cam
not long be controlled unless pro-
duction costs are controlled, said
Brig. Gen. Leonard P. Ayres in the
Cleveland Trust Co. bulletin. He
compared present trends with the
strike imitation depression period
after the World War.
Public Service Co. of Oklahoma
received a high bid of 98,7799 for
S22, 5000 of 234 bonds from Halsey,
Stuart & Co. and associates. Re-
offering was planned at 9912.
New York Connecting Railroad
also received a high bid of 99.2799
from the Halsey, Stuart syndicate
for S25,S92, 900 of rs bonds. Re-
offering was at 100 and interest.
Montana Power Co. invited bids
UP to October % on 100000 of
first mortgage bonds.
California Water Service Co. Of
fering of 11,282,000 first mortgage
3A % series C bonds, due 1875, was
marketed at 108.
Aviation Corp. announced 1t
planned to offer for public sale 1885,
900 shares of American Airlines if
finally ordered by, the CAB to dis
pose of them.
Pittsburgh Coal Co. merger with
Consolidation Coal Co. was recon-
mended by a committee of the for
mer firms preferred stockholders,
only group to oppose the proposal.
Time, Inc, announced it will ac-
quire Maine Seaboard Paper Co.
from Coffin & Burr, Inc, and First
Boston Corp. as part of a transac-
ton involving sale of all industrial
properties of New England Indus
tries, Ic.
Pullman Co. plan to sell its sleep
ing car service attracted another
bid Glore, Forgan & Co. offered to
pay the difference between the
firms assets and liabilities, the
amount to be determined by certi-
fed public accountants.
Kimberly Clark Corp. will spend
around $4,000 in expanding book
paper production at its Wisconsin
mills in the next 2 years.
American Telephone g. Telegraph
Co. profit for months ended Sep
tember 80 was $42 ,432 900 or $2.13 a
share VS.. $40,875,778 or $213 on
fewer shares a year ago. In II
months ended the same date, net
was $167 ,024 900 or $851 VS.. $685.
623, ,438 or $3.50 on fewer shares in
the previous year. Telephones to-
tailed 21,800,000 at the end of the
war, a gain of 100000 since Pearl
Harbor, and 100000 orders remain
untitled.
Mathieson Alkali Works earned
$922,018 or SO cents in 9 months
ended September 80 VS.. 1928, ,801 or
IS cents year ago.
Underwood Corp. net for 9 months
ended September 80 was 81 ,526, ,535
or $2.08 VS.. 81 ,531 ,137 or $2.09 in the
same 1914 period.
earned $12 2,709,7 ,737 or 1851 share
on combined preferreds VS.. SIS, 49, :
e04 or s7.07 in the previous year.
Waukesha Motor Co. net for II
months ended July 81 was $608, ,572
or $1.52 VS.. $892,375 or 1928 in the
preceding fiscal period
National Bond e. Share Corp. as
sets on September 80 amounted to
$30.68 a share VS.. $28.62 on June 80
and S25.97 at the end of 1914
Safeway Stores sales in 4 weeks
ended October 4 totaled $50, OF, ,598
VS.. $50 ,931 ,622 a year ago; in 40
weeks ended the same date, $494,
o59, sos VS.. $501 1893 ,529.
Southern Pacific Railway ordered
600 boxcars from Pullman STANDARD
Oar Mig. co. at q cost OF 81 300 900.