Evening star., 1946-11-04
Business Briefs
Steel MIN OPERATIONS for the cul

Steel MIL Operations for the cufA
rent week were scheduled at el.lGo
of capacity, indicating production OF
1,6O5 500 tons-American Iron q
Steel Institute. Figures last week
were 89.4qo and 1,575,600 tons; a
month ago, 90.4% and 1888 200; a
year ago, 77o9o and 1,410,4 400. Latest
rate was the highest in nearly 1o
months as scrap supplies increased
Wholesalers Inventories were 45%
above a year ago, as OF October /
on the basis of cost value-Commerce
Depar tment. They were SO above
a month earlier. Higher prices &C
counted for much of the gain.
Private Trading in Rubber will be
restored and the London rubber
market reopened November ID, the
British government announced
Private rubber imports will start
January /. The rubber market will
be the first major commodity ex-
change permitted by the labor
government to reopen.
Bituminous Coal Production for
the week ended october 26 approx
mated 12,465 900 net tons VS.. 1880
900 in the previous week and 12,2l5,-
600 a wear ago-National Coal As
sociation.
Central Illinois Public Service Co
offering of 10000 shares Of new 40
cumulative preferred stock was mar
keted today at 100.
Equity Corp. stockholders will vote
December 3 on recapitalization
plan designed to clear up dividend
accumulations and reduce dividend
requirements on preferred stock.
Southern Pacific Transportation
System earned $16,825 ,038 or s4.46 a
share in nine months ended Sep
tember 80 VS.. $2S, ,781 ,299 or $763 a
year ago. September net was ST.
505,055 VS.. $2,437 1888, a year ago.
Ailis- Chalmers Mfg. Co., with most
plants bound in second and
third quarters, reported a $17,425,-
493 deficit for nine months of 1916
Loss for September quarter was
$8,499,061 The report did not in
clude tax refunds. Untitled orders
on September 80 totaled $89,587 ,473
VS.. $65, I'll ,780 a year earlier.
Mid Continent Petroleum Corp.
earned S7,662,872 or $4.12 share in
nine months ended September 80 VS..
$5,966,581 or 1921 year ago.
Union Bag e. Paper Co. profit for
nine months ended September 80
was s3,643,599 or $287 VS.. $1,472,954
or $1.16 in the same 1945 period.
Talon, Inc, earned $2,910,408 or
S2.9l in nine months ended Septem-
ber 30 VS.. $1,838,399 or $1.82 a
year ago.
Poor & Co. profit for nine months
ended September 80 was $920,000 VS..
s508,000 in the same 1945 period. \
Eastern Corp. earned $487 ,942 or
$1.43 in nine months ended Septem-
Der 80 VS.. 1857, ,561 or $108 year ago.
Kelsey Hayes Wheel Co. loss for
IL months ended August 81 was
$62,565, after tax credits of $780,
OO0. Net for the previous year was
$2.I54,911.
Cleveland Electric Illuminating Co.
will spend $4,000 900 on a power in
stallation at Avon Lake, Ohio.
Reading Co. will build 1000 more
au-steel boxcars at its Reading, Pa,
shops in 1947 at a cost of $4,250, 900.
Glidden Co. has organized sales
division to market lecithin, soy
bean derivative.
Henry C. Lytton & Co. has ac-
uuired Sessels department store at
Alton, Ill.
Curtis Publishing Co. will raise
advertising rates for the Saturday
Evening Post next April. Rates
were increased in April and Octo-
ber this year.
General Motors Corp. announced
the Buick division will begin pro-
duction' of its series 40 special line.
This is Bucks lowest-priced line.