Evening star., 1946-12-10
Business Briefs

November otecl IfO0uCtAou woo
reduced by the coal strike to 6,37S.-
606 net tons, although 1t reached
highest weekly levels Of the year
in the flrst three weeks OF the
month-American Iron q Steel In
stitute. A peacetime record Of g.
909, ,597 tons was set In October and
production for eleven months set an
alltime peacetime record Of 60,831,-
1872 tons.
Iron Ore Shipments from upper
lake ports totaled 59.356,7l6 gross
tons for the 1916 season. a drop OF
16,35S,O34 from the 1945 season
Lake Superior Iron Ore Association.
December shipments totaled PAT ,083
tons VS.. Il OBS a year ago.
Commercial and Industrial Fall
ures in the week ended December
rose to 81, highest level since May,
1914. and compared with "a in the
previous week and IA year ago
Dun g. Bradstreet.
Stock Exchange Membership
sold today for $4,000. an advance
OF $4,000 from the previous transfer
Philadelphia Electric Co. received
a high bid of 100.879 for $50, ,000, ,00t
of 2349o bonds from Halsey, Stuart
81 Co. and associates. Reofferine
was expected at 101.35, representing
q yield OF 2.69%.
Loup River Public District oi
Nebraska is expected to invite bids
on $10,Oo0,000 of revenue bonds
within the next few weeks. Proceeds
will be used to build a 60,000-kilo-
watt steam plant at Bellevue, Nebr
Carson Pirie Scott & Co. offering
of $4,000 shares of 500 par. AZ %
cumulative preferred stock was mar
keted at par by group headed by
William Blair e. Co. and A. G.
Becker g. Co. It was the Chicago
stores first public offering since its
founding in 1854.
Phillips Packing Co. declared a
quarterly dividend of rs cents, pay
able December 26. Previous pay
ments were Is cents.
McGraw Electric Co. declared an
extra dividend of 81. payable De-
cember %, lifting 1916 payments to
$3.50 VS.. $1.50 in 1945.
American Safety Razor Corp. de-
clared an extra dividend of Is cents,
payable January Is, raising 1916
payments to $1.08h vs.. 662s cents
last year.
Harbison-Walker Refractories Co.
declared a year-end dividend of 35
cents common share, payable De-
cember 81, raising 1916 payments to
$1.35 VS.. 81 in 1945.
Electric Power e. Light Corp
earned $17,707,617 in u months
ended October 81 VS.. $10,852,937 a
year ago. Net for three months
ended the same date was $3,459. Isl
VS.. $1,543,352.
United States Plywood Corp. profit
for six months ended October 81
was $2,537 900 or $351 share VS.
$863, 800 or $1.15 In the same 1916
period.
Guantanamo Sugar Co. earned
$534,933 or $1.01 in IL months ended
September 80 VS.. $347,6l0 or 55 cents
a year ago.
Chicago & Eastern Illinois Rail-
road reported a deficit of $1y658, ,093
in the same 1945 period.
Bond Stores sales for November
totaled $500, 1888, highest for any
past month and 74.2e6 above a yeai
ago; for IL months, SOS ,697, ,220, an
increase of $3.50 and larger than
for any past full year.
Kroger Co. sales in four weeks
ended November 80 totaled $55, ,003,-
27O, a jump of 1880 from year
ago; in 48 weeks ended the same
date, SSH ,229 1913, a gain of 24.4eo.
Missouri Pacific Railroad ordered
1850 new freight cars from Amer
ican Car & Foundry Co. and Pressed
Steel Car Co. In addition, 918 cars
will be built in the roads shops.