Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-06-18
Business Briefs
Steel Mill Operations for the c,

StCCi VIII OpCIAtlOHS lOT lIl6 Cul
rent week were scheduled at $3.50
Of capacity, indicating production
OF 1925 net tons, the American
Iron e. Steel Institute announced.
Figures last week we're 900 and L.
s43, 500 tons: sfmonth ago, $3.50
and 1,70l 500; year ago. $780,
and l,742,a0
Encouraging to Utility Investors
was the FPC prediction that COM
panies distributing electricity and
sas plan to spend more than ST.
0o0, 900 900 on buildings, equipment
and rehabilitation in II months
following We day with outlays
calling for issuance of only S64, 000,-
900 in new securities.
New York City Bank Earnings in
the June quarter are expected &c
exceed a year ago by more than 1919
as result of sharp deposit gains.
General Motors Corp. is negotiat-
ing for 300-scre tract near At
lanta as site for huge automobile
assembly plant, the Atlanta Consti-
tuition reported 1t is understood
that Bucks will be assembled fol
distribution in the South and South
America.
Beech Aircraft Corp. and Cessna
Aircraft Co. directors agreed to SUBJ
nit to stockholders merger plan
under which a share of Beech
stock would be offered for each
Cessna shares.
New York Life Insurance Co. an
nounced purchase of $4,000, 900 OF
Government bonds in the Seventh
War Loan Drive, raising its hold
inss of all Federal securities to ST.
ISL 100000.
Prudential Insurance Co. SUBJ
scribed to s375, 000,0 900 Of ga 70
Treasury bonds for the Seventh
War Loan Drive, lifting its holding
Of Federal securities to $780,
900. 900.
Container Engineering Co. regis
tered with the SEC $4,000 common
shares to be offered at IS to finance
purchase of machinery and supplies
for manufacture of patented con-
tsiner.
United Gas Corp. and subsidiaries
earned S3,236,57S or 80 cents a share
in the March quarter VS.. 5000, liz
or % cents year ago.
Kobacker Stores, Inc, profit fol
IL months ended January 81 was
1858, 657 or SIPS VS.. $6l4,677 or $l.1s
in the preceding fiscal period.
Esquire, Inc, earned 1896, 688 OF
sl.33 in IL months ended March 81
VS.. S544, 257 or $l.l8 in the previous
year
American Light e. Traction Co
plan to acquire initially issued CAPT.
tai stock of a new pipe line company
was approved by the SEC. The
firm would build line from the
Southwest to Michigan and Wis.
consin.
Homestake Mining Co. will resume
operations in its gold mines in
South Dakota on July after a g.
year shutdown because of the war
Stauffer Chemical Co. took ovel
operation Of the chlorine-caustis
soda plant Of Basic Magnesium, Inc.
at Las Vegas, New.
Collins Radio Co. announced q re.
volving credit agreement for $l0,.
uuo.Voo WitAi Sioup Va UdIlAo IlcduCt
by Northern Trust Co. of Chicago
Lockheed Aircraft Corp. will clos,
1 branch plants in the San Joaquin
Valley about July l because of tn
drastic cutback on BIZ bombe
production.
RCA Communications. Inc, re-
sumed commercial radiotelegrapf
service between the United State
and Manila.
Eastern Air Lines appointed 1t
Col. George r. CusSen assistant Il
the general traffic manager with
headquarters in New York.
Nash-Kelvinator Corp. appoint
ed N.sF. Lawler director of sdvertis
ing and sales promotion for tn,
Nash Motors division.