Evening star., 1946-06-30
Business Briefs

~ SBssS ~ ~ sSS -
Prices Paid to Farmers in Juna
we're the highest since mid-1920, and
averaged 218Gs of the 1909-14 levels
VS.. 2l14o in the previous month and
2O6Ts a year ago-Agriculture De.
partment.
Flue- Cured Tobacco Market Dates
were fixed by the Tobacco Associa-
tion as follows: Georgia Florida,
July "a; border belt IS. C. and N. c.,
August /; Eastern North Carolina,
August 19, middle belt, September
9; old belt IN. C. and Va, Septem-
ber> Is; dark fire-cured VaJ.
December g.
The Worst Construction Shortage
is in lumber, reported the Engineer
ing NewS-Record in a survey of IL
cities. Supplies were said to be mors
than 500 below demand. Plywood
of any kind is almost unobtainable
Coffee Production and consump-
ton will reach a balance in the
1946-47 crop year, predicted the Pan
American Coffee Bureau.
Paper Output in the week ended
June % was at 106.2% Of capacity
VS.. 1O49o in the previous week and
90.49o a year ago-American Paper
& Pulp Association.
Republic Steel Corp. announced
plans for a new 48-inch strip mill
at youngstown, Ohio. Such insta-
llations usually cost $15,000,000 to
$50 100000.
Joseph E. Seagram & Sons reg
istered with the SEC s50000,000 Of
debentures, due 1866, to be offered
publicly to finance redemption of
an equal amount of 3ATo deben-
lures, 1865.
American Home Products Corp.
registered with the SEC 1926
common shares for offering to pres
ent holders at the rate of for each
10 shares held. Stockholders will
vote in September on a proposed
increase in capital stock from 1,500,-
900 to 100000 shares.
fairfield Stores, Inc, registered
100000 common shares for offering
at So share. OF the total 10000
will be for the account of stock
holders
Washington Water Power Co.
asked SEC permission to retire 500
of its preferred stock with more
than $10,000,000 of cash on hand.
American Power & Light owns the
firms common stock.
National Airlines registered With
the SEC 10000 common sharesSfoI
public offering to finance purchase
Of new planes expected to cost $3,,
$4,000.
Consolidated Grocers Corp. de-
clared an initial quarterly dividend
of Is cents common share, payable
July 25.
Kroser Co., formerly Kroger Gro
Gerry & Baking Co.. earned S4,l93,-
| 731 or 1928 share in "a weeks
ended June Is, VS.. s2,47l ,293 or
$1.34 a year ago.
Consolidated Gas, Electric Light
& Power Co. of Baltimore reported
net income of $3,252, ,083 or s2.33 in
five months ended May 81 VS.. 81
999,577 or $211 in the same 1945
period.
Childs Co. earned S667 1918 in five
months ended May 81 VS.. $411,34
year ago.
Kelsey-Hayes Wheel Co. report
ed deficit of S137 ,486 for three
months ended May 81 VS.. profit of
/ S705, 1927 in the same 1945 period.
Delay Stores, Inc, earned $117.-
%l,-
ended April 80 VS.. $80,491 or 80
cents a year ago.
Mueller Brass Co. reported q loss
of $52,863 for three months ended
May 81 VS.. profit of 1882 1857 in the
same 1945 period.
Chicago Yellow Cab Co. earned
| $32, ,448 or 13 cents in the first 1916
quarter VS.. $71,s84 or % cents a
year ago.
Aluminium Co. of America an
nounced a generous offer" had
been made for the surplus war plant
at Cressona, Pa, and hopes to use
it for the manufacture of aluminium
extruded shapes.
Belden Mfg. Co. directors author
lZeQ an oHer1ng OF 70 ,o3O common
shares to present stockholders at
$40 a share in the ratio of a new
share for each 10 held. Proceeds
will be used for expansion.
Elastic Stop Nut Corp. called for
redemption its 60 cumulative con-
vertible preferred stock at $3.50 a
share plus accrued dividend.
American Locomotive Co. will
close plants in six cities July for
two-week mass vacation for
around 1880 employees.
Montgomery Ward g. Co. elected
Wilbur H. Norton president. He has
been vice president and general
merchandise manager. Sewell Avery
is board chairman and chief execu-