Evening star., 1945-04-16
Business Briefs
Steel Mill Operations for the cur

Steel Mill Operations for the cur
rent week were scheduled at 91.9e
of capacity, indicating production
of 1858 300 tons, the American Iron
& Steel Institute announced. Fig
ures last week were 94.3qo and l.
728, 100 tons; month ago, 96.9To
and LIZA 300, a year ago, 99.5fo and
1882 300. Low coal inventories were
blamed for the decline.
Cotton Consumption in March to-
tailed 357 ,693 bales of lint and 130,-
909 linters vs. 781 $50 and 119, 1903 in
February and 903 .538 and 1862 a
year ago, the Census Bureau re-
ported. For months ended March
81, 1t totaled 6,5l6,4 bales of lint
and 994,015 of linters VS.. 6,805, ,716
and 875,7 year ago.
Potomac Edison Co. asked SEC
permission to offer new preferred
shares with lower rate in exchange
for 10 and 60 preferred stock on
a share -for-share basis plus S5 cash
for each TO share and a cash ad-
iustment for accrued dividends on
both stocks.
Central Illinois Electric & Gas Co
awarded $14,000,000 of 3G5 bonds to
First Boston Corp. and associates
on a bid Of l02529. The same group
was awarded 10000 preferred shares
on a bid OF lOC089 for a 4.1%o in
terest rate.
Dewey & Almy Chemical Co. of
fering of $4,000 shares of S425 Gu
mulative preferred stock was mar
keted by group headed by Payne,
Weber, Jackson & Curtis at 1929
American Telephone & Telegraph
Co. and subsidiaries reported con-
SOlidated net income of S46 1926 ,563
or S241 a share in 3 months ended
February % VS.. SAL ,635, 1856 or 1921
year ago.
Anaconda Copper Mining Co.
earned S3l,423,129 or S3.62 in 1914,
before renegotiation, VS.. S33, ,760, ,801
or $3.50 in 1943.
Imperial OIL, Ltd, profit for 1914
was $16,192,67 or 60 cents vs. SIS
548,873 or 81 cents in the previous
year.
Amerada Petroleum Corp. earned
S5,285 1888 or $6.70 in 1914 VS.. $4,781,-
ITO or S606 in 1943.
hIhCi iSah VII W., Ltu.s llCU
for 1914 was $3050.344 or $110 VS..
S2,946, ,014 or $l.06 in the previous
year.
E-Cen-O Corp. profit for IL
months ended November 80 was
S2,326,6 SIG ~or $5.83 VS.. $2,330,726 or
$584 in the preceding fiscal period
Bristol-Myers Co. earned 81, ,439, SAG
or $3.66 in 1914 VS.. s2,683,557 or $4O2
in 1943.
American Hawaiian Steam Ship
Co. profit for 1914 was 1924, ia or
S306, subject to renegotiation, VS..
S1.292,478 or $307 in the previous
year.
Florence Stove Co. earned 1898 ,923
or S2.70 in 1914, after renegotiation
reserve, VS.. $775,150 or 1924 in 1943
United Corp. net for the first 1945
quarter was $694,365 or 81 cents a
preferred share VS.. s373,767 or q
cents a preferred share in the same
1914 period.
Gorham, Inc, earned $246,987 OF
S1.37 in IL months ended January
81 VS.. $27l ,258 or $1.51 in the pre-
vious year.
Lehigh Valley Railroad net fol-
1914 was S7T2, ,lZO or o4 centS a com
mon share VS.. $6,633 ,008 or $5.48 ir
1913.
National Bond & Share Corp. as
sets on March 81 were equal to $26 .4e
share VS.. $25.97 at the end of 1914
and $2406 on March 81, 1914.
May Department Stores Co. ac.
quired a substantial minority inter-
est in William Taylor, Son & Co.
large Cleveland department store.
Bethlehem Steel Corp. built 90(
ships ranging from aircraft carrier.
to trawlers and tugs from Septem.
Der, 1889, to the end of 1914, the an.
nual report to employees stated.
National Tube Co. elected John L
Young to the new post OF vice pres.
0snt Ia charge Of engineering.