Evening star., 1945-09-26
Business Briefs
teeI Mill Operations for

current week were scheduled at
1857 of capacity, indicating pro-
duction of 1881 200 tons, the Amer
lean IRON & Steel Institute re-
yea I. Figures last week were
80 and 1923 900 tons; a month
az i.5&o and 1864 500; year ago,
s5. and 1,710,700.
L nand Deposits of member
bar IS in l01 leading cities totaled
S39 OFT, 100000 on September 10, a
gain of S346,OOO,O00 from a week
earlier and s3,495 100000 above a
year ago, reported the Federal Re-
serve Board
Cotton Spinning Operations dur
ing August we're at l005% of ca
pacity VS.. 1927 in the preceding
Census Bureau disclosed.
Electric Power Consumption de-
clined to 4,O18,913,0O0 kilowatt hours
in the week ended September %
compared with 4,106, 1877 900 in the
previous week and 4.377 ,339 900 in
the like 1914 week, the Edison Elec-
trio Institute announced.
Union Pacific Railroad received g
high bid of 1033599 for s81 ,602 O0(
of 80 bends from Halsey, Stuart &
Co. and associates. Reoffering was
at 104
Atlas PlywOod Corp. stockholders
voted to eliminate remaining SIC
par preferred stock, leaving sole
outstanding capitalization of ST.
l18 common shares. They were told
demand far exceeds annual capacity
and that more workers are needed
Dresser Industries, Inc, registered
with the SEC 10000 shares of $10C
par value preferred stock, convert
ible into common prior to 1855
Proceeds will be used to repay bank
loans, retire preferred shares of sub
sidiary, and expand facilities
Southern Pacific Railroad placed
orders with 6 builders for $500 new
freight cars to cost $13, 100000
Celanese Corp. registered with the
SEC $40,000000 of 3qo debentures,
due 1865, and 157,945 common
shares. Shares will be offered pres
10 held.
Pennsylvania Central Airlines an
nounced New York brokerage
houses would handle the sale of
S10,000,000 15-year convertible in
come deb ntures.
Dayton Power e. Light Co. and it's
parent. Columbia Gas & Electric,
asked SEC permission for Dayton to
issue S28,850,000 of first mortgage
bonds for refunding purposes.
"A S1S5.000,000 Offering of revenue
bonds may be made by public util-
ity districts in the State of WASH
ington to finance acquisition of
Puget Sound Power & Light Co.
properties.
Commonwealth & Southern Corn.
earned S8,520,424 or s5.75 a pre-
ferred share in months ended
August 81 VS.. s7,891,8 1929 or $5.32 a
year ago.
Norfolk e. Western Railway. net
for months ended August 81 was
$15,025, ,152 or $1027 common share
VS.. $14,775, ,225 or S1027 in the same
1914 period.
Gamewell Co. earned $l01, 1889 OF
% cents in 3 months ended August
81 VS.. $112.051 or 81 cents year
ago.
General Mills, Inc, declared a di-
vidend of 37h cents a common
share, payable November l. Before
the 3-for-1 stock splitup August 81
the rate was 81 a share quarterly
Time, Inc, formed new corpor.
ate division, Time-Life Interna-
tional, to operate magazines abroad
Firestone Tire g. Rubber Co. has
developed a new wire corded heavy
duty tire, which is said to be practi-
cally blowout-proof.
Missouri Kansas Texas Railroad
elected as board chairman, R. j
Morfa, who said he was independent
Of any faction of stockholders. He
has been assistant to Robert r
Young. chairman of Allegheny Corp