Evening star., 1945-10-02
Business Briefs

Steel Mill Operations Tor the cur
rent week were scheduled at 1879
of capacity, indicating production
of Ass, 300 tons, the American Iron
& Steel Institute reported. Figures
last week were 1857 and 1881 200
tons; a month ago, 749%o and l.
371,9o0; year ago, 956@o and
l,719,600.
Pennsylvania Power e. Light Co.
received a high bid of 100.6559 for
s93,000,000 of go bonds from a group
headed by Smith, Barney & Co. Re-
offering was planned at 1925.
Western Maryland Railway asked
lCC permission to issue S9,500,000 of
collateral trust bonds to help f.
nance redemption of S11 ,614000 of
series A 51a6 mortgage bonds, due
1877.
New York Connecting Railroad
asked ICC permission to issue S25,-
$4,000 of first mortgage series D
bonds to finance redemption of 312 %
series A bonds of 1865.
Cincinnati Gas e. Electric Co.
plan to exchange Sc preferred
stock TO ra new issue of 10000
shares of 500 par value 412qo pre-
ferred was approved by the Ohio
Utilities Commission.
Life Savers Corp. stockholders will
be asked to approve an increase in
authorized capital stock from $780,
l40 shares to 100000. A new share
would be issued for each one held.
Federal Light g. Traction Co.
asked SEC permission to sell lat 900
common shares of Tucson Gas,
Electric Light & Power Co. to Ari-
zona Edison Co. for $5,040,812.
Standard Oil Co. of Indiana Off
cials reported shipments near nor
mall at the Whiting Ind) refinery,
which was blockaded by pickets
Saturday.
Wheeling g. Lake Erie Railroad
directors approved plans for unfit
cation with the. C. & o., Nickel
Plate and Pere Marquette.
Guaranty Trust Co. earned s16,-
100 $50 or S1799 a share in months
ended September 80 VS.. S15,140, ,230
or 1852 year ago.
Manufacturers Trust Co. reported
net operating income equal to s416
a share in 9 months ended Septem-
Der 80 VS.. $3.50 in the same 1914 pc
riod.
Virginia Railway earned S4,349,-
SGT or $2.58 share in 8 months
ended August 81 VS.. s3,403, ,954 or
S1.83 year ago.
Ex-cell-o Corp. net for 9 months
ended August 81 was S1,47l 400 or
$3.50 VS.. $1,440,698 or 1851 in the
same period last year.
Anderson, Clayton e. Co. profit for
II months ended July 81 was S5,-
993, 1886 or 1899 VS.. $6,516,576 or S4.34
in the same 1914 period.
Wayne Pump Co. earned 1922 .876
or IT cents in months ended Au-
gust 81 VS.. s524,701 or $1.81 a year
ago.
Nash-Kelvinator Corp. will spend
S3,600,0 for expansion in the next
few months. The firm expects to
reach volume production of auto
mobiles and refrigerators by Janu-
ary.
Union Pacific Railroad plans ex-
tensive Improvements in locomo-
tlVeS and other equipment to COM
bat competition from highways,
airways, waterways and pipe lines,
declared Frank M. Robinson, senior
vice president.
Joy Mfg. Co. acquired all facilities
of Arms-Franklin Corp. at Frank
lin, Pa, which ceased operations
recently.
Pennsylvania Railroad ordered 90
new passenger cars of advanced de-
sign. New seating arrangements
and many improved lighting and
decorative features will be pro-
vided.
United States Steel Corp. of Della
ware elected David F. Austin vice
president in charge of sales.
Chicago Pneumatic Tool Co. ap-
pointed Guy j. Coffey vice presi-
dent in charge nf sales