Evening star., 1946-11-26
Business Briefs
Steel MIN Operations for the {

rent week have been reduced further
to 628ee Of capacity, because OF the
coal strike, indicating production Of
1,l06, 800 tors-American Iron &
Steel Institute. Figures last week
were si.4% and 1,610, 300 tons;
month ago, 89.4B and 1,575 500; q
year ago, 1857 and 1,529, 400. The
Institute announced 70.4o rate fol
this week yesterday, but revised tht
figure on later information.
Auto Replacement Parts are 81
scarce that wreckers will have tt
supply 758o to 80qe of current de
nand instead of their normal 300
National Auto Wreckers' Association
Saturday Closing of the Stock Ex
change was favored by substantial
majority of members of the ASso
citation of Customers Brokers in :
poll just completed.
Philadelphia Electric Co. invited
bids until December 3 on 0,00t
shares Of 500 par cumulative pre-.
ferred stock, and until December II
on $40, 100000 of first a refundine
mortgage bonds, due 1881.
Inland Steel Co. sold $4,000 ,00t
of 1850 30-year bonds. series g
to eight insurance companies at pal
and will use proceeds to redeem $22,'
$4,000 series F bonds and covel
capital OUTLAWS.
Continental Oil Co. registered
with the SEC an unspecifled number
of shares of SIS par capital stock tt
be issued to holders of outstanding
50 par capital stock of Texon Oil &
Land Co. Merger of Texon il
planned.
International Paper Co. voted 6
quarterly dividend of rs cents, plac.
ing common on a SO annual basis
compared with the previous rate OF
So. An additional year-end pay
ment of IS cents also was declared
both disbursements payable De-
cenber %.
National Lead Co. declared an
extra dividend of rs cents and
regular quarterly of 1914 cents, both
payable December 20, lifting 1916
payments to s1.50 VS.. 81 in 1945.
Superior Steel Corp. declared an
initial dividend of 25 cents on new
common, payable January 2. This
equals so cents on old stock which
was split 2-for-1 and which re-
ceived payments of 80 cents.
National Acme Co. declared ar
extra dividend of so cents, payable
December 10, raising 1916 payments
to $3.50 VS.. 50 in 1945.
Foster Wheeler Corp. resumed
dividends on common stock, declar-
ing rs cents payable January 2. This
brings 1916 declarations to rs cents
VS.. $1.50 last year.
Armstrong Cork Co. declared 6
year-end dividend of 80 cents, pay.
able December %, lifting 1946 pay.
ments to $1.80 VS.. $1.50 for 1945.
G. C. Murphy Co. declared ar
extra dividend of rs cents, payable
December TO- A year ago an extra
of so cents was paid.
United -Rexall Drug declared 9
dividend of 1917 cents on new capi-
tai stock, payable January 2. This
is the first payment since 1887. Ole
stock was split for ! last May.
Merck g. Co. declared an extra
dividend of 81, payable January 20
and a regular quarterly OF 25 cents
payable December 26.
Federated Department Stores
earned $10,712,566 or $4.34 share
in IL months ended November 2 VS.
s5,1l4,3s8 or 1923 in the previous
year. Net for three months ended
the same date was $4,000, 1884 VS.. ST.
10000 a year ago.
Walgreen Co. profit for IL months
ended September 80 was $3,675,72s
or 1854 VS.. $3.50, ,332 or 500 in the
preceding fiscal period.
General Railway Signal Co. earned
$96,981 or Q cents in nine months
ended September 80 VS.. $842.563 OF
$2.28 year ago.