Evening star., 1946-04-15
Business Briefs

Steel Mill Operations for the cur
rept week were scheduled at 77.4%
of fcapacity, indicating production of
1854, 100 tons-American Iron 81
Steele Institute. Figures last week
were 1880 and 1875 tons; a
month ago, 88.9To and 1866, 300; a
year ago, 91.99o- and 1,683.30o.
Building Activity below the Ma
son-Dixon Line has increased to
1919 10000 in the first 1916 quarter
VS.. s318 ,689 900 a year ago-Manu-
facturers Record. March volume
reached $148,911 900, highest amount
since June, 1943.
Al-Year Saturday Closing of the
New York Stock Exchange was op-
posed by governors of the Associa-
tion of Stock Exchange Firms in a
resolution at st. Louis meeting.
The exchange has decided to close
Saturdays from June through Sep
ternber.
United Biscuit Co. declared an
extra dividend of Is cents and the
regular quarterly Of Is cents COM
mon share, both payable June 1. A
similar extra declared in December
was the first in several years.
Otis & Co. asked the Ohio Securi-
ties Division for permission to sell
100000 common shares of Steep
Rock Iron Mines, Ltd, owner of one
OF the largest iron ore deposits in
the world. 1t is building a mine
under a lake in Northern Ontario.
Erie Railroad accepted a bid of
1900, submitted by Chase National
Bank, for $1,890,00o of promissory
notes to help finance purchase of 700
all-steel boxcars.
American Molasses Co. - 1O5 600
common shares, for the account of
certain stockholders, were marketed
by group headed by Hornblower &
Weeks and Union Securities Corp.
at 15h.
Tennessee Gas e. Transmission
Co. called for redemption on May 13
its, SO cumulative preferred stock
at l08 plus accrued dividends OF
SLABS a share.
American Telephone & Telegraph
Comet income for the March quar-
ter was SAC, ,076, 900 or 1928 a share
VS.. s4o,3e2, ,s52 or $2.o7 in the same
1945 period. Consolidated net of the
Bell System for the quarter ended
February % was $50,225,611 or $2.49
VS. $46,825, ,563 or $241. System
companies have added about 1,000,-
00Q9leW subscribers since the first OF
thssyear
Anaconda Copper Mining Co.
earned $40, 0,402 ,776 or $2.35 a share
in 1945 VS.. s31, ,423,12 or 1882 in the
previous year.
United Drug, Inc, profit for 1945
was $l,970,971 or $l.4l VS.. $2,191, $50
or $1.56 in 1914.
Mathieson Alkali Works net for
thH March quarter was 1891 ,544 or
42Eeents VS.. $307 ,165 or 80 cents in
the.sam 1945 period.
Mandard Cap & Seal Corp. earned
$1f@ ,281 or As cents in the March
quarter VS.. $109, 1850 or Is cents
Hewitt Rubber Corp. net for 1916
VIZ S641 ,020 or $3.50 VS.. $519, 1886 OF
$3@ on fewer shares in 1914.
Universal Match Corp. earned
SAD ,555 or s316 in 1945 VS.. $651 ,760
or434.72 in the previous year.
National Bond g. Share Corp. net
assAts on March 81 totaled $12,752,-
$50 or $35.42 a share VS.. $33.23 a
SHIRE at the end of 1945.
New York Life Insurance Co. will
construct garden-type apartment
pTp3ect at Princeton, N. j., as part
ofkfts housing program.
saternational Business Machines
Cop. created a Southern division
he4ued by John E. Zollinger with
heanquarters at Birmingham, Ala
T1e new division will include Vir-
glnaa, the Carolinas and eight other
states.
American Broadcastins Co. ap-
pointed Harvey Marlowe executive
producer of television operations.