Evening star., 1946-08-11
Business Briefs
Auto Production for August Y

AUTO TTouuCtiOn IOT august Will
total only about 250000 units un-
less conditions change sharply
Automotive News. If supplier strikes
continue, car markers will be
forced to revise schedules down.
ward.
Steel Mill Payrolis in June totaled
$l25, $50 900 VS.. sl21 ,522 200 in the
previous month-American Iron g.
Steel Institute. The average hours
worked and average number Of en-
ployes also increased.
Purchase Of Chilean Copper by
the Metals Reserve Co. at l5A cents
a pound was reported. The Federal
agency hopes to import $4,000 tons
in the third l946 quarter. The OPA
ceiling price is l4as cents. The
tagency absorbs the difference.
Consumer Power Co. will sell
$40 100000 of new common stock,
the number of shares to be deter
mined by competitive bidding, the
SEC was informed in a registration
statement.
Crawford Clothes, Inc. registered
with the SEC 100000 common
shares to be offered publicly for
the account of President Joseph
Levy.
United States Gypsum Co. profit
for the first half of 1916 was S.
447,922 or s4.32 share VS.. $685.
PIT or STA in the same lS45 period.
Crane Co. earned s7,ol7,586 in
II months ended June 80 VS.. s6,-
261, TAG in the previous year.
Fruehalf Trailer Co. profit for the
/ first half of 1916 was s2.301, ,253 or
slS83 VS.. s976,585 or 68 cents in the
same 1945 period.
( NJ. Lowenstein e. Sons earned So
| 570,738 or s3.43 share in the first
half No comparisons with year
/ ago are available.
Great Atlantic e. Pacific Tea Co.
profit for IL months ended Febru-
ary % was s12,286,67l VS.. $13,176,-
1884 in the preceding fiscal period.
Potomac Edison Co. earned ST.
277.548 in the first half VS.. s5l5,074
year ago.
United Transit CO., which owns
Richmond and Norfolk transit
lines, reported profit of 1881 ,30s
or Sl.l0 share in the first half.
Profit for all of 1945 was sl.78
share.
Briggs Mfg. Co. earned S314,l35
or 16 cents in the June quarter VS..
s2,203,774 or sl.13 year ago.
i Coty, Inc. profit for the first half
was S534.862 or 36 cents VS.. s444,-
9o7 or 30 cents in the same 1945
period.
Cunningham Drug Stores earned
1894 ,255 or s4.66 in nine months
ended June 80 VS.. s462,876 or $3.50
a year ago.
Hudson Motor Car Co. deficit for
the June quarter was sos, ,645 VS..
, profit of s254255 or IA cents in the
same 1945 period.
Reeves Brothers, Inc, declared an
initial quarterly dividend of Is cents
on new common, payable October l.
Bullock's, Inc, declared a dividend
of so cents a common share, paya-
BILE September 3. Previous dividends
were 40 cents.
Aro Equipment Corp. declared an
initial quarterly dividend Of 5614
cents on new 41aFo preferred stock,
payable September /.
General Public Utilities Co. and It's
subsidiary, N. Y, Pa, N. j. Utilities
Co., filed petition with the SEC
} proposing dissolution of the latter
after transfer of all assets and liza.
bilities to General
Chesapeake & Ohio Railway and
its afflliates, the Pere Marquette and
Nickel Plate, ARE planning to make
a complete replacement of their
main line coaches at the earliest
possible moment" said Chairman
Young.
County Trust Co. of MARYLAND
purchased the Pocomoke City Ma
tional Bank and will operate it as
branch.
Mutual Life Insurance Co. of New
York purchased s2,50o,OO0 of so
Junior notes of Associates Invest
ment Co., due 1858, and has con-
tracted to buy s7,500,000 of such
notes to the future.