Evening star., 1946-06-24
Business Briefs
Steel Mill Operations for the c

steel Mill Operations Tor the cur
rent week were scheduled at 87.2%
Of capacity, indicating production OF
1856, 300 tons-American Iron &
Steel Institute. Figures last week
were 1920 and 1,483, 300 tons; 6
month ago; 1850 and 1853, 400; 9
year ago, 91.59o and 1875 900.
Net Earnings of AIS Firms listing
common stocks on the New York
Stock Exchange were 1857 below a
year ago in the first 1916 quarter
AS the drop was regarded as tenn
porary, dividends averaged 11.7%
above year ago.
Passenger Car Tire Output
reached a new peacetime high of S.
514,751 units in April-Rubber Man
lfacturers' Association. For foul
months of 1916 production totalec
2o,115,514 units VS.. 6,363,854 g
year ago.
Pan-American World Airway.
signed $4,500,000 contract with
Consolidated Vultee Aircraft Corp
or 20 twin-engine. 40-passengel
transports to be delivered next sum
ner, and an option for an additional
80 planes.
Wisconsin Electric Power Co
awarded $50,O00,OOO of 25ago frs
mortgage bonds, due 1916, and 26O,.
900 shares of $3.50 preferred stock tc
a group headed by Dillon Read &
Co. on combination bid of 101. .14s
for the bonds and 10l for the shares
Oberman q Co. registered with
he SEC 10000 shares of $40 pal
10 cumulative convertible preferred
stock and $1,000 common shares tt
oe offered at 10 and 6, respectively
Sterchf Brothers Stores stockhold.
srs will vote in July on proposed
,-for-1 split in common stock. Au.
,horized common would be in.
creased from 350,OO0 to 100000
shares.
Marshall Field & Co. declared ar
extra dividend of 40 cents and 8
regular quarterly of so cents com.
mon share, both payable July 81
January and April payments were
30 cents. The extra was calculated
20 lift them to so cents.
Reynolds Metals Co. omitted &C.
ion on the common stock dividend
or the current quarter. Quarterly
payments have been Is cents.
Pharis Tire g. Rubber Co. declared
dividend of rs cents common
share, payable July 10. Previous
quarterly payments were Is cents.
Kobacker Stores declared a divi.
lend of 20 cents a common share
payable July 81. Previous payment.
we're 1914 cents.
Bralorne Mines, Ltd, announced
he dividend which normally woulG
have been paid July Is has not beer
declared. The firm paid 20 cents
zach in January and in April.
Eversharp, Inc, profit for three
months ended May 81 was $1,074 ,274
r $1.69 a share VS.. $252, ,230 or 81
cents in the same 1945 period.
United States Plywood Corp
sarned $1,386, 800 or $198 a share IL
2 months ended April 80 VS.. S1,116.
100 or $1.60 in the previous year.
Dresser Industries, Inc, reported
deficit of $890,511 for six months
ended April 80 VS.. profit of $685..
i70 in the same 1945 period.
Austin, Nichols e. Co. earned
,513,828 in IL months ended Apri
10 VS.. $514,212 in the previous year.
Ruberoid Co. has purchased 6
Dallas site for its first Southwestern
,lant and will spend $1,000,O00 fol
facilities. Contracts have been let.
WHY'S Overland Motors, Inc, an
,ounced its 30,000th civilian jeeE
oiled of the production line.
Marmon Harrington Co. an.
lounced Bert Dingley would retire
S president of the company July
md would be succeeded by Davie
4. .Klausmeyer.