Evening star., 1946-09-10
Business Briefs


Steel Production, including ingot.
and castings, set a new postwar
record of 6,805, ,465 net tons in Au-
gust and compared with q previous
peak Of $500 ,66s in July and 5,735,-
BIT a year ago-American Iron d
Steel Institute.
The Summer Decline in Stocks
has chopped oil more than $1,000
900 900 from the total value of
stocks listed on the New York Stock
Exchange Press.
Columbia Gas & Electric Corp. re-
ceived a high bid Of 90. .052 for $40
900, ZOO of IL 1e debentures from q
group headed by Morgan Stanley
& Co.
Firestone Tire l. Rubber Co. de-
clared a dividend of 81 common
share, payable October Il. The firm
paid IS cents in July and so cents a
quarter previously.
Reliable Stores Corp. declared an
extra Of so cents and regular quar-
terly dividend of 40 cents a common
share, both payable October /.
Addressograph- -Multigraph Corp
declared q dividend of IS cents a
common share, payable October 10
Previous payments were 25 cents.
Western Electric Co. declared its
first dividend of the year, a pay
ment OF so cents, payable Septem'
ber 30 No action was taken ir
March and June.
Lane Bryant, Inc. stockholders
approved a proposed 2-for-l split IL
common stock.
Sears, Roebuck G Co. sales In
August totaled $140.946 ,297. q new
record for the month and 937%
above year ago. in seven month.
ended August 81. $869.115 149. an.
other record and 609G above 9
year ago.
s. S. Kresge Co. sales in August
totaled $40. 1872 .64l, a gain Of 24.3%
from year ago; in eight months
$145, TAB sos, rise of 9.2%.
Colonial Stores, Inc, sales in fv,
weeks ended August 81 totaled s12,.
622 ,205, jump of 40.7qo from veal
ago; in IS weeks ended the same
date, s7s 1850, 500, an increase o
1851.
Grand Union Co. sales for fiv.
weeks ended August 81 totaled -.
538,270, a gain of $685. from a veal
ago: for 26 weeks ended the sam,
date, $38 ,092 ,781, rise of 511%.
Walgreen Co. sales in Angus
totaled $12, ,482 .87s, a gain of 1859.
from a year ago; in eight months
$92. .008 ,268, an increase of 212ao.
Western Auto Supply Co. mis-
souri, sales for August amounted
to $9.701 900, a jump of 87To from
a year ago: for eight months, $65,
$4,000. q rise of 10o.5Ts.
A. s. Beck Shoe Corp. sales II
August totaled $3,185, ,325, a gain o
397eo from a year ago; in eigh
months, $23,826. .635, an increase o
344%.
Engineers Public Service Co. an,
subsidiaries earned S7,498 ,984 o
$2.82 a share IN IL months endes
July 81 VS.. $7,45s, ,038 or $3.50 in tn
previous year.
Mead. johnson h Co. profit 70
six months ended June 30 was 81
446.534 or 86 cents VS.. 1887 1913 or
cents In the same 1945 period.
National Department Stores Corr
earned 32.05S,00 or $3.50 In 81
months ended July 81 VS.. $846,l73 Q
SLOT year ago.
PCA-Capital Airlines net loss fo
six months ended June 30 was STAT
763, after 4 Federal tax carrybac
credit of $500 900 VS.. profit of $4l1,
$40 or 81 cents In the same 1s4
period.
Stokeley-van Camp earned S.
704,913 or $5.32 . share in /
months ended May 81 VS.. $3,145,0 ,06
or $3.4S in the previous year.
Archer Daniels Midland Co. prof
for II months ended June 30 wa
$6,604,1 ,149 or $403 VS.. $3,538, ,761 @
S6.49 on fewer shares In the preced
ing fiscal period
Middlewest Corp. earned &1.144
e29 or "a cents In six months ende
June 80 VS.. sl,527, ,761 or Is cents
year ago.