Evening star., 1946-07-28
Business Briefs


tinues to expand, according to, the
index Of Business Week, which stood
at 1905 for the latest week VS.. 1893
in the previous week, 1877 month
ago and PAS a week ago.
Automobile Production in the
United States totaled 80,439 in the
last week, new postwar high, and
compared with revised total Of
76,001 in the previous week-Auto-
= otive News. July output is ex-
pected to reach 305, 900, but shortages
are still holding activity to about
500 of plant capacities.
Paper Output in the week ended
July 20 rose. to 102S%o of capacity VS..
1920 in the previous week and
89.8%o year ago-American Paper
& Pulp Association.
Texas Co. and Sinclair Prairie Oil
Co. met crude oil price advance of
Is cents barrel posted bye Humble
Oil, Standards of Ohio and Indiana,
Phillips and others. Gasoline prices
are expected to be raised from half
cent to cent gallon.
General Mills Corp. halted all
-four sales as revival of the OPA
replaced flour ceilings but left wheat
prices uncontrolled. An official said
OPA promised new -four ceilings to-
morrow.
Mutual Life Insurance Co. of New
York cut interest rates on policy
loans from SO to a range of go to
SO, effective September /. New
rates will be $50 on the first $3.50,
AZ on the next $3.50 and go above
$500. A fiat rate of SO was
charged previously.
International Paper Co. has paid
off its SIS 100000 of United States
bank loans.
Colonial Stores, Inc, declared a
dividend of so cents a common
share. payable September /. Before
the recent 2-for-1 stock split, the
firm paid so cents on old common
last June l and 3lA cents quar-
terly previously.
Great Northern Railway earned
81, ,488 1923 or 80 cents a share in the
first half VS.. $8,578.459 or $2.77 a
year ago.
Milwaukee Railroad reported a
deficit of $3,539, ,238 for the first half
VS.. net income of $7,884974.
Virginian Railway earned $1291,-
895 or So cents in the first half VS..
s3,525, ,503 or sails a year ago.
Western Maryland Railway net
for the first half was 1926, ,696 VS..
1884 ,327
Marshall Field & Co. earned ST.
OBS 1854 or s348 in the first half VS..
81 ,560.950 or $ll5 a year ago.
Hazel-Atlas Glass Co. profit for
the June quarter was sl,783,775 OF
SAIL VS.. s587 ,009 or Sl.35 in the same
1945 period.
American Chicle Co. earned ST.
456,7l6 or S3.37 in the first half VS..
81 ,406, ,709 or 1925.
Pittsburgh Consolidation Coal Co.
profit for the first half was 81 ,802 925
or IS cents. The firm was formed
last year by merger of Pittsburgh
Coal and Consolidated Coal.
American Steel Foundries earned
$457 ,693 or 80 cents in nine months
ended June 80 VS.. S2,390,242 or $2.0I
year ago.
General Steel Castings Corp. net
for the first half was s862,841 VS..
$762,644
Pillsbury Mills, Inc. earned 81
283, ,S51 or 1882 in II months ended
May 81 VS.. 81, sol 045 or s2.46 in the
previous year.
Newport Industries, Inc. profit for
the first half was s944.7l2 or sl.3e
VS.. S305, ,104 or 49 cents in the same
l945 period.
York Corp. earned S791 .062 or IS
cents in nine months ended June 80
VS.. 1888 1873 or 80 cents a year ago
Budd Co. deficit for the June
quarter was sl,166,85l VS.. profit of
$739,376 in the same 1945 period.
Hudson Coal Co. earned s7S4. 4.31s
in the first half VS.. loss of 1896, ,712
year ago.
New York Dock Co. net for the
first half was $417,725 or S2.39 VS..
$369,811 or Sill.
Victor Equipment Co. profit for
the first half was sl09 ,180 VS.. $751;
206.
Weston Electrical Instrument Co.
earned S6l8.820 or $685. in the first
half VS.. S244 ,060 or S1.52.
Libbey-Owens-Ford Glass Co. ap-
pointed James M Ashley director of
public relations. He has headed the
firms WASHINGTON office since 1929