Evening star., 1946-03-04
Business Briefs

Steel Mill Operations for the cur
rent week were scheduled at 784%o
of capacity, indicating production of
1881 TOO tons, the American Iron &,
Steel Institute reported. Figures
last week were $3.50 and 1882 300
tons; month ago, 60 and 106, 200
and year ago, 959%o and 1,756, 500.
Increased Efficiency, expanded
man-hour output and cuts in in
fiated unit costs will be the only
sound basis for lasting prosperity,
and all aims should be directed in
that direction, declared the National
City Bank in its monthly letter.
Western Railroads filed their an
swer to Government antitrust
charges in Federal Court at Lincoln,
Nebr., denying any of the At lines
had entered into any combination
or conspiracy to monopolize trade
and commerce
New Securities Marketed Today
included: $4,000 shares of Merck &,
Co. common at so; $4,000 common
shares of Logansport Pa) Distill-
ing Co. at liz.
Saguenay Power CO., Ltd, reg
istered with the SEC $23, 200, 900 ot
first-mortgage sinking fund bonds
due 1871, for refunding purposes.
Reliance Mfg. Co. stockholders
will vote March 19 on a proposed
2-tor-1 split in common stock
Pittsburgh Plate Glass Co. de-
clared a dividend of 20 cents COM
mon share, payable April l. The
stock was recently split A for l
Three quarterly payments of rs
cents each and a yearend dividend
of 81 were paid in 1945
Dayton Power & Light Co. asked
SEG permission to amend articles OF
incorporation to increase voting
power of preferred stockholders.
New Jersey Bell Telephone Co.
earned $6,887 ,278 or $4.92 a share in
1945 VS.. s7,088,544 or S5.O6 in the
previous year.
National Supply Co. profit for 1945
was S4,046 ,694 or $1.79 VS.. S4,7O7, ,974
or $2.18 in 1874.
Standard Oil Co. of Ohio earned
s3,7l3,161 or S1.10 in 1945 VS.. sc, ,744,-
Ola or S707 on fewer shares in the
previous year
Butler Brothers net for 1945 was
s2,034,382 or $1.36 VS.. 81 1,566,61s or
$1.01.in 1914
Container Corp. of America
earned $2,026, 103 or $3.50 in 1945 VS..
$2,063, ,199 or $264.
Hart, Schaffner g. Marx profit for
IL months ended November 80 was
$1,645 800 or $4.62 VS.. 81 1892 ,596 OF
1891 in the preceding fiscal year.
Kaufman Dept. Stores, Inc, earned
$1,459, 1892 or $2.64 in 1945 VS.. 81, 1,243,-
53l or $2.08 in the previous year.
Quaker State Oil Refining Corp
profit for 1945 was $1,245,O72 or
$1.34 VS.. LAS, ,480 or $1.24 in 1914.
Cutler Hammer, Inc, earned ST.
,426 or $194 in 1945 VS.. S1,753. .349
or s2.66 in the previous year.
United States Playing Gard Co.
net for 1945 was $1,035, ,l49 or S2.68
VS.. 81 ,o9S,S76 or $2.S5 in 1914.
National Gypsum Co. earned ST.
000,616 or 81 cents in 1945 VS.. $867,-
86l or AZ cents in the previous year
Nehi Corp. profit for 1945 was
1901 ,667 or 86 cents VS.. $1,024,355 or
95 cents in 1914.
New York Shipbuilding Corp
earned S3,750,442 or $3.50 in 1916
VS.. 81, 1881 ,125 or S866.
Briggs & Stratton Corn. net for
1945 was $9l0,550 or S3.06 VS.. $780,
370 or 1928 in 1914.
McGraw Electric Co. earned $780,
1893 or Sill in 1945 VS.. $685. 1894 or
$1.77 in the previous year.
National Oil Products Co. net for
1945 was $494,635 or S2.29 VS.. $504 ,259
or $2,34 in 1874.
Union Pacific Railroad ordered 65
aluminium superstructure passenger
cars from American Car & Foundry
Co. at cost of $6,000,0 900.