Evening star., 1945-01-15
Business Briefs
Steel Mill Operations for the

Steel Mill Operations for the cur
rent week were scheduled at 93.6%
of capacity, indicating production
OF 1858, 400 tons, the American Iron
& Steel Institute announced. Fig
ureS last week were 93%o and 1871
500 tons; a month ago, 96.3go and
1,732, 400; a year ago, 96.1% and L.
10000.
Cotton Consumption by domestic
mills totaled 760,74O bales of lint and
120,498 of linters in December VS..
836,541 and 122,304 in the previous
month and 51,180 and 1O7,368 a
year ago, the Census Bureau report
ed. For months ended December
81, totals were 4,027 ,236 and 615,017
VS.. 4,272 1892 and 553,284 a year ear
lier.
Silver Usage in arts and indus
tries totaled 25,O00,0OO ounces in
1914, $50 for war or other essential
uses, compared with a revised 1943
estimate of 120,000,000 ounces,
Handy & Harmon announced.
Manufacturers Deliveries in No.
vember were estimated by the Com
merce Department at $13,5O0, 900 900,
a slight decline from the previous
month.
Standard Oil Co.. of California an
nounced a subsidiary, Richmond
Exploration Co., acquired a second
group of Venezuelan oil concessions
covering about 100000 acres.
Pullman Co. handled $4,000, 900
revenue passengers and rolled up a
total of 28,500, 100000 passenger
miles in 1914, a new alltime record.
American Phenolic Corps offer
ing of $1,500,000 15-year SO convert
ible sinking fund debentures and
345, 900 common shares was market
ed by an underwriting group headed
by Van AlstyneaNoel & Co. Deben-
lures were priced at 100 and the
common at TO-
Standard Gas G. Elctric Co. asked
SEC permission to purchase COM
mon shares of Louisville Gas &
Electric Co. (Kentucky) not needed
for distribution among stockholders
of L. g., & E. of Delaware under the
latter's liquidation plan. The price
would be $23.08 a share.
American Telephone g. telegraph
Co. earned $163, ,138, 900 or 1884 a
share in 1914 VS.. $168 ,530.764 or SO
in 1943. Bell System net applicable
to A. T. & T. stock was $167 1888 ,499
or 1881 VS.. s178,39 ,726 or 1888.
United States Lines Co. estimated
1914 earnings at 81 ,235 900 or IS cents
share VS.. 81 SGT 900 or ST IL in 1943.
About 81 100000 was credited to cap
ital surplus for settlement of claims
in Government acquisition of the
steamships Manhattan and Wash
ington.
Emerson Electric Mfg. Co. earned
$2,892,715 or $3.50 in IL months
ended September 80 VS.. 1898 ,658 or
S2.0l in the previous year.
Black g. Decker Mfg. Co. net for
IL months ended September 80 was
$867,9 ,997 or S223, before renegotia-
ton, compared with 1858 ,999 or 81. SO
in the preceding period.
American Gas g. Electric Co. and
subsidiaries earned $12,O48, 1863 or
$2.31 in IL months ended November
80 VS.. s12,o23,5o3 or $3.50 in the
PlCFiOuo year.
Atlantic Coast Line Railroad net
for II months ended November 80
was $11, ,727 ,023 or $1423 VS.. $13,475,-
967 or $16.35 in the same 1943 Pc
riod.
Kansas City Southern Railway
earned $3,899 1893 or S6.13 in II
months ended November 80 VS.. So
828.l6l or s4.03 year ago.
Irving Trust Co. assets on Decem-
Der 30 totaled $1,262, ,589, 1855 VS.. ST.
078,7l8.8l9 year earlier. Net profit
for 1914 was $5,374. .401 or SLOT VS..
$4,522, ,40l or 80 cents In 1943.
Maytag Co. was awarded a prime
contract for production of several
million dollars of fuses and bombs
BY the Chicago Ordnance District.