Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-06-26
Business Briefs
Meat Production al

Meat Production at federally in
spected plants approximated 283, 00o
pounds in the week ended June %
VS.. 284, LOCO, 600 in the previous week
and 322, 900 900 year ago, the War
Meat Board estimated.
Southern Bell Telephone g. Tele-
graph Co. registered with the SEC
$45 900 900 of 40-year 2% % deben-
lures to finance retirement of $45,-
O00,00 of 3AT debentures, due
1862, at 1o3 October /.
Cook Paint e. Varnish Co. regis
tered with the SEC $4,000 shares OF
$50 par value prior preference stock
series A, of which $1,000 will be of.
fered in exchange for present pre-.
ferred on q share-for-Share basi.
plus cash. Remaining new share;
will be offered publicly.
NEUTRALITY-SUSPICIOUS. Railroad
directors voted to have their financ,
committee consider a capital read
justment plan presented by Rober
D. Sanders, Mississippi industrialist
who was recently elected to tn,
board. Mr.. Sanders represents /;
group opposed to present admins
trative policies.
General Motors Corp. dealers wer,
urged by Chairman Alfred P. Sloar
to undertake expansion program
paralleling the corporations $780,.
600, 1000 program for postwar growth
Bethlehem. Steel Corp. was re.
ported planning to register with thu
SEC next month SIS, 900, 900 of new
consolidated mortgage az % bonds
to help finance retirement of $685.
100000 of outstanding bonds.
Union Oil Co. of California stock
holders authorized 500 900 new pre-
ferred shares, of which 250,OO0 will
be sold initially with a dividend rate
of 34% Proceeds will be used to
retire 80 debentures and bank
loans and increase working capital.
Rheem Mfg. Co. called for re-
demption on August l its remaining
43, 1876 shares of SO convertible pre-
ferred stock at 271z plus dividends.
New York Central Railroad earned
S12,671 ,071 or $1.96 a share in S
months ended May 81 VS.. $14 ,906 1853
or $2.3l year ago.
Southern Railway reported net
balance after charges was $9,187, 7O8
In months ended May 81 VS.. So
275, SOB a year ago. Gross was $114..
093, s76 VS.. SLOT ,622, 67s.
Illinois Central Railroad net for
5 months ended May 81 was $685.
401 or $5.94 VS.. $3.50, 563 or $6.16 in
the same 1914 period.
Wheeling 4 Lake Erie Railway
earned 81, 1859 or 1904 in
months ended May 81 VS.. $1,180, 679
or, 1924 a year ago.
Distillers Corp.-SeaSrams, Ltd,
profit for months ended April SO
was 1927, 757 or SITS VS.. $479, 757
or 10 cents in the same 1914 period.
Pennsylvania-C central Airlines
earned $262, 081 or IS cents in
months ended May 81 VS.. a deficit of
$78l . year ago.
Childs CO. net for 4 months ended
April 80 was 1857 ,737 VS.. 5000 1853 in
the same 1914 period.
Wilson Jones Co. earned $217 1927
or 50 cents in 9 months ended May
81 VS.. $1ss,s65 or 70 cents q year
earlier.
Worthington Pump & Machinery
Corp. sales in the first half of 1915
will be about 800 below a year ago
but earnings are expected to be
around "a a share, compared with
$6.43 share for all Of 1914.
Syming o n-Gould Corp. an
nounced 1t viii return q 81 ,25o, 00c
arTnor plate plant at Rochester, N
Y, to the DPC Sunday because Of
cancellation OF orders. The frm'.
other Rochester plant will 60 on 9
40rhour week.
Republic Aviation Corp. will closs
its plants at Farmingdale, N. Y, anC
Evansville, Ind, for six working
days next week as q substitute fol
the usual staggered vacation system
Including two Sundays and the July
4 holiday, the plant will be CLOSED
nine days.