Evening star., 1946-03-25
Business Briefs
SteeA Mill Operations for

Steel Mill Operations for the cur
rent week were scheduled at 88.5 %
Of capacity, indicating production of
1859, ,700-American Iron & Steel
Institute. Figures last week were
88.9eo and 1,566,800 tons; a month
ago, $3.50 and 1,032,S00; year ago
96.6% and 1,769, 400.
Southern Pacific Railroad received
high bid of 98.319 for $25 100000
of "a 20 refunding bonds from Kuhn,
Loeb & Co. and associates. Reoffer-
ing was at S834, representing yield
OF about 2.35 lc.
Palmetex Corp. registered with the
SEC 100000 common shares to be Of
fered publicly at 1925 share to
finance. expansion.
Loose-Wiles Biscuit Co. stockhold-
ers approved 2-for-l split in COM
mon stock and a change In the firm S
name to Sunshine Biscuits, Inc.
Lynch Corp. stockholders approved
a 21a-for-1 split in common stock.
Mullins Mig. Co. stockholders au-
thorized borrowing of $2,500,00O
from the Bank of Manhattan to re-
tire an outstanding loan of $4,000, 900.
Aviation Corp. is preparing to sell
more than 200, 900 shares of its stock
holdings in American Airlines. in
compliance with CAB order to cut
such holdings to 40 of the total
outstanding.
Southern Railway reduced its
long-term debt from 1898 ,486, ,65S to
1921 ,358,259 in 1945. At the end OF
the year annual fixed charges
amounted to $11 100000 VS.. $16,-
100000 at the end of 1889.
Continental Oil Co. earned SIS
142,870 or 1923 a share in 1945 VS..
S12,020,527 or $2.57 in the previous
year.
American Smelling & Refining
Co. profit for 1945 was $11, ,468, ,678 or
1884 VS.. $8,627,072 or S2.34 in 1914.
Engineers Public Service Co. and
subsidiaries earned $6,2l3,948 or
$2.14 in l945 VS.. $5,892,375 or $1.95.
Crane Co. profit for 1945 was
S5,308,l53 or $1.87 share VS..
$6,808,269 or $2.49 in 1914.
National Candy Co. earned ST.
142, ,029 or $1.86 in 1945 VS.. ST, ,154, 4,534
or $5.28 on fewer shares in the pre-
vious year.
International Cigar Machinery
Corp. net for 1945 was $1,023 ,266 or
$1.70 VS.. $966,886 or $1.61 in 1914.
National Battery Co. earned $780,
900 or $206 in months ended Jan
uary 81 vs. $630,000 or $1.88 a year
ago.
Sterling Aluminium Products profit
for 1945 was S442. .423 or $179 VS..
$335,837 or $1.36 in 1914.
Oppenheim, Collins e. Co. earned
$369.T47 or $185 in 6 months ended
January 81 VS.. $298,461 or s1.49 a
year earlier.
National Airlines reported deficit
of S276,4 ,408 in months ended jan
uary 3lys. loss of $10,212 year ago.
E.. I. du Pont de Nemours e. Co.
has developed new lighter than
cork foamed plastic, cellular cellu-
lose acetate. 1t has high insulating
properties.
Hudson Motor Car Co. intimated
it will not introduce it's 1947 models
this year. President Barit said a
cnanseoyer seems very unlikely for
many months to come"
Crowell- Collier Publishing Co.
plans an international magazine
and is conferring with publishers in
other countries.
Eastern Air Lines elected c. w.
France vice president in charge of
maintenance and engineering. He
was formerly vice president of
Curtiss- Wright.
National Association of Manufac-
turers appointed Carroll E. French
director of industrial relations.
Thermador Electrical Mfg. Co.
elected William E. Cranston presi-
dent to succeed Harrison H. Fogwell,
who became board chairman.