Evening star., 1945-09-04
Business Briefs

Steel Mill Operations for the cur
rent week were scheduled at 74.9%
of capacity, indicating production
of 1871 900 tons, the American Iron
d Steel Institute announced. Fig
ures last week were 745gs and
1854 600; a month ago, 879qo and
100000; a year ago, 95.1% and
1.710,700.
Machine Tool Builders now have
enough untitled orders to guarantee
months of production at current
rates, reported the National Machine
Tool Builders Association. In 1912
and 1943, the builders produced a
volume 10 times greater than the
peacetime peak.
Adjustment of Wages, Costs and
Prices so trade can go forward is the
major long-range reconversion
problem facing the Nation, declared
the National City Bank in its
monthly review.
National Bank Assets stood close
to S82. 1000 .000,000 on June 30, gain
of $500 100000 since March 80 and
S11, ,400,000,000 above a year earlier,
the Treasury announced.
Government Controls over produc-
tion and distribution of grocery
products should be eliminated as
soon as possible, declared President
Paul S. Willis, president of Grocery
Manufacturers of America, Inc.
Pennsylvania Central Airlines will
offer $10,O00,000 of 15-year deben-
lures publicly to finance purchase
of a feet of four-engined planes
now on order. White, Weld & Co.
and Carl M. Loeb, Rhoades & Co.
head the underwriting group.
American InStallment Credit
Corp, a subsidiary of Morris Plan
Bank Corp of America, plans to f.
nance retail and wholesale automo-
bile purchases through a syndicate
of local banks and authorized
dealers.
Colonial Stores Corp. offering of
1922 shares of new 4Go preferred
stock was marketed at $50 a share
Any new shares unexchanged for
old So shares also will be offered.
Merck e. Co. earned S1,342,179 or
s1.10 a share in the first half of
1945 VS.. S1,337, ,585 or ST .09 a year ago.
Union Tank Car Co. profit for the
half was S1,018,685 or 95 cents VS..
sl,283,2l5 or $1.19 in the same 1914
period.
Mead Johnson G. Co. earned $751;
B23 or $5.o2 in the half VS.. s856,03
or S4.82 year ago.
Thermoid Co. net for the half was
s50l ,048 or IA cents VS.. s324,073 or At
cents in the first half of 1914.
American Investment Co. of Illi-
nois earned S497,7 ,722 or 80 cents in
the half VS.. s473,O50 or 80 cents a
year ago.
Consolidated Coppermines Corp.
net for the half was $301 ,210 or 10
cents VS.. $145, 1874 or cents in the
same 1914 period.
Federal Light g. Traction Co.
earned $23s,133 or 80 cents in the
June quarter VS. s202,5 or 26 cents
year ago.
Stokely-Van Camp, Inc, profit for
II months ended May 81 was $3,-
145,060 or $3.48 VS.. $2,252 ,978 or $2.91
in the preceding fiscal period.
General Printing Ink Corp. ac-
quired A. C. Horn Co. and will op-
crate it as a division. General
Printing Ink stockholders will be
asked to approve change in name
to Sun Chemical Corp. Present IA
cilities will be enlarged and a new
plant constructed at Houston.
Allegheny Ludlum Steel Corn. di-
rectors approved a $1,000 900 post
war research and production expan-
sion program. A new laboratory
will be built at Breckenridge, Pa.
Royal Typewriter Co. will increase
typewriter production steadily and
expects to reach capacity operations
by January /.
Commercial Credit Co. has put
into operation postwar plans to re-
open company Offices as rapidly as
personnel becomes available.
Celanese Corp. appointed William
L. O'Donovan manager of filament
yarn sales.