Evening star., 1945-09-17
Business Briefs
Steel Mill Operations for the

DSSSA L'Ahi opCA htAoHS III lllC Cul
rent week were scheduled at 1922
Of capacity, indicating production o.
1923 300 tons, the American Iron &
Steel Institute announced. Figure.
last week were 80.3Go and l,470 800
tons: a month ago, 699T and ,280,.
300; a year ago, $3.50 and 1,714.300
North American Co. received &
high bid of s38961 a share for TOO.
600 common shares of Pacific Ga:
& Electric Co. from Dillon Read &
Co. and associates. Reofering wa!
planned at $40. North American viii
use proceeds to retire So preferred
at $55.
Minnesota Power g. Light Co. re.
ceived a high bid of 101.711 for S26,.
100000 of 31s % bonds from Mellor
Securities Corp. and associates. Re.
offering was planned at 1O2.46.
Indiana Gas e. Water Co. received
high bid of 101.489 for $4,000, ,00C
of 31sqo bonds from First Boston
Corp. and associates. Reoffering was
planned at 102187.
Adams Express Co. registered with
the SEC 100000 shares of 81 par
value common stock and certificates
Of deposit for a maximum of Sol, LOG
shares of American Internationa.
Corp. common. Adams common
will be offered in exchange for
60l 900 shares of American common
Devoe & Reynolds Co. registered
with the SEC 40,437 shares of nc
par value class A common stock, of
which 35827 wilr be offered present
class A and B holders at the rate
of new share for each of class
A and each 20 of class B shares
held. Unsubscribed shares will be
offered publicly.
Bullock's, Inc, registered with the
SEC 10000 shares of 334 500 par
value preferred and 237, IT'S no par
common shares. After a 3-for-1 /
split of common, the additional COM
mon will be offered holders at the
rate of new share for each four
held.
Safeway Stores, Inc, sales for four
weeks ended September totaled
$40, 1923, decline of 2.1%o from
q. year ago; for SO weeks ended the
same date. SAC. .982, ,012. a decrease
Of 1.6qs.
Colonial Stores, Inc, sales in 5
weeks ended September | totaled
S9,970,452, decline of 80 from a
year ago; in IS weeks ended the
same date. s61,454,11o, a drop of
39G.
Needer-Root, Inc, earned S345,-
790 or $l73 a share in 80 weeks
ended August u VS.. S438 ,563 or S2.19
a year ago.
Standard Products Co. profit for
IL months ended June 80 was S481,-
04l or $l.60 VS.. $482 ,374 or s16l in
the preceding fiscal period.
Huyler's earned $220,969 or II
cents in u months ended June 80
VS.. $685. ,919 or SO cents in the pre-
vious year.
American Airlines will increase
scheduled services more than 300Ge
in the next months through addi-
ton of so Douglas C-54 f1agships.
Kansas City Southern Railwa,
directors approved purchase of 81.
100000 worth of new equipment te
be delivered in mid-1946.
Republic Industries, Inc, ACQUIRED
control of Kermath Mfg. Co.. maker
of gasoline and deisel marine en-,
gines at Detroit.
A. E. Staley Mfg. Co. is completins
a S250,000 laboratory at Decatur, III.
for research on corn and soybear
- uses.
Underwood Corp. expects to EN-
ploy more persons than before tn,
war when reconversion is completed
Hartford workers may exceed 600
VS.. 5000 before the war.
Bridgeport Brass Co. directors ap
proved expenditure of 5000 900 t,
s6,000,000 for new buildings ans
equipment.
Chicago, Rock Island e. Pacifi,
Railway asked ICC permission t,
issue $5,200,000 of promissory note
to help finance purchase of IL Diese
locomotives, 500 steel boxcars an
10 steam freight locomotives.
Baltimore g. Ohio Railroad car
loadings in the week ended Septem
Der Is totaled 69,032 VS.. 81 1854 In tn
previous week and 1854 q year age