Evening star., 1946-01-08
Business Briefs

Steel MILL operations Tor the cur
rent week were scheduled at 82%
of capacity, indicating production
of 1,502, 900 tons, the American Iron
and Steel Institute announced. Fig
ures last week were 80.68o and l.
476,300 tons; month ago, 82.9%
and Isis, 400; a year ago, 9l.6% and
1,677 500.
Fun-ScaIe Furniture Production
is still "a long way off and will
probably not be attained in 194o,
reported Seidman & Seidman, ac-
countants for the industry.
Central Financial Problem of the
Nation Is imitation, declared Chair.
man Gordon S. Rentschler in hi;
annual report to National City Bank
New York; stockholders.
A New Retail Chain, which is ex-
pected to attain an ultimate annual
volume of $50, 0,000, 900 to S200, ,000, ,0O(
is being formed by Walter Hoving
former president of Lord & Taylor
in association with Blyth g. Co., in.
vestment bankers Negotiations
have started with department
stores, chain stores and speciality
shops,
Chase National Bank will devote
its energies and facilities in every
possible way in aiding efforts to re-
establish world peace and accord
said Winthrop W.. Aldrich, chair
man, at the annual meeting. For
eign deposits of the bank rose
steadily during the war.
Buffalo, Niagara Electric Corp
received a high bid of 101.42 for $780,
900 shares of 3.6% preferred. Re
offering was planned at 102.85.
Atlantic Refining Co. filed amend
ments with the SEC fixing prices
of 101 for a proposed offering of
s25,000,000 of 25s debentures and
l0l1a for 100000 shares of 3.6qs pre-
ferred.
Pennsylvania Central Airlines
placed a repeat order for Is Martin
202, twin -engined transports from
Glenn l.. Martin Co. Pea now has
SO on order.
Celotex Corp. will spend 81 600, 600
for plant expansion in anticipation
of Nation wide building program
to relieve the housing shortage, said
I x.
Ashland Oil & Refining Co. earned
$98O,087 or 90 cents a share in Il
months ended September 80 VS.
S77l ,939 or rs cents in the previous
year.
A. G. Spalding G. Bros profit fol
IL months ended October 81 was
S832, ,493 or $184 VS.. S623, $3.50 or $1.2e
in the preceding fiscal period.
Guaranty Trust Co. earned $21,.
253, 6s3 or S23.61 in 1945 VS.. s2l $780,
TIT or $24.03 in 1914.
r. w. Woolworth Co. sales in De-
cember totaled ST., ISL ,473, gain OF
6.1% from year ago; in IL months
SAT-, ,131 ,974,- an increase of 3.79o over
1914.
III. L. Green Co. sales for Decem-
ber totaled SIC, 0,590;088, a decline OF
0.39o from year ago; for IL months
ended December 81, 500, ,122 ,508, a
drop of 1.6%.
Mcclellan Stores Co. sales in De-
cember totaled 1882 ,296, a gain oi
4.7qo from year ago; in II months
ended December 81. s40,695, ,165, ar
increase of 6.2T.
Middle West Corp. asked SEC
permission to sell 172 1893 shares o
25-cent par value capital stock o.
United Public Service Corp. to
individuals at s125 a share.
A. M. Byers Co. invited tenders
for sale of preferred stock to tn.
company up to February /. Stock.
holders were asked to name th'
price.
Bristol-Myers Co., announced al
employe benefit plan covering sick
ness, temporary and permanent dis.
ability, medical expense, unemploy
ment and death payments TO,
around 1000 employees.
Chemical Bank g. Trust Co
chairman, Percy H. Johnston, an
nounced his retirement after NOR,
tl1apo26 years as chief executive. H,
will be succeeded by Frank K
Houston. president. N. Baxter
Jackson will become president.