Evening star., 1946-04-01
Business Briefs
Steel Mill Operations for the

rent week were scheduled at 894E
of capacity, indicating production OF
1,575 800 tons-American Iron &
Steel Institute. Figures last week
were 1850 and 1859, 700; a month
ago. 1871 and 1851, 700; year ago
96.9b and l,774,900.
Chesebrough Mfg. Co. stockholders
will vote May on a proposed 212-
for-l split in capital stock.
International Paper Corp. calling
of 100000 shares of SO cumulative
convertible preferred for redemption
on April 4 Is the first step in pro-
gram which may lead to retirement
of all preferred shares, said Presi-
dent Hinman.
Hudson Motor Car Co. will offer
stockholders rights to subscribe to
new share of stock for each held.
The price will be determined later.
CrowelI- Collier Publishing Co. reg
istered with the SEC 100000 common
shares to be sold by certain stock
holders.
United Cigar-Whelan Stores reg
istered $4,000 common shares to be
delivered in connection with the
acquisition of Dade Pharmacies and
Dade Cut Rate Liquor Stores in
Miami Beach and Coral Gables.
Some of the shares may be offered
publicly.
Four Wheel Drive Auto Co. an
nounced that stockholders have
been issued 100000 more shares with
par value of $1.000,000. That
amount was transferred from earned
surplus to capital account.
General Motors Corp. earned
S188,268,115 or $4.07 share in 1945
VS.. $170,995,S 1865 or $3.68 in the pre-
vious year. Excluding four unusual
factors, 1945 profit equaled $3.50 a
share.
Aluminium Co. of America profit
for 1945 was $l9,951 ,462 or s2.85 VS..
s27.009,6Sl or $5.42 in 1914.
Republic Steel Corp. net for 1945
was $685. ,443 or $1.36 VS.. $1O,130,-
296 or s1.A in 1914. President Grid
Ter reported the largest backlog in
history, but said Government re-
strictions were slowing production.
Philadelphia Co. and subsidiaries
earned $6,297 1865 or 76 cents in 1945
VS.. $7,094 ,586 or 80 cents in the pre-
vious year.
Consolidated Gas, Electric Light
& Power Co. of Baltimore net for 2
months ended February % was ST.
596,023 or $l.l8 VS.. $l,262,913 or 80
cents a year earlier.
Virginia Electric g. Power Co.
earned S., 5,429, ,789 or $135 in l945 VS..
S5,l44,249 or $l.29 in the previous
year.
Cleveland Cliffs Iron Co. net for
l945 was $3,709, 1888 VS.. $3,l46,953 in
1914.
Allegheny Ludlum Steel Corn.
earned $3,379, 1863 or $268 in 1945 VS..
$3,607,8l4 or $2.70.
H. L. Green Co. net for IL months
ended January 81 was $2,6440l0 or
s442 VS.. $2,400,158 or $4.01 in the
preceding fiscal period.
Pittston Co. earned S2,3o5, ,436 or
S3.46 in 1945 VS.. $1,527,317 or SPOT
in the previous year.
Atlantic Gulf e. West Indies S. )
Co. met for 1945 was 81 1922 VS..
81 .467 $40 In 1914.
Philadelphia & Reading Coal e.
Iron Co. earned $l,486,302 or $l03
in 1945 VS.. $2.518,963 or SITS.
Acme Steel Co. net for l945 was
81 .964,874 or 50 VS.. $2,030,716 or S2.O6.
Omnibus Corp. earned 81 1867 ,Oa4 or
$1.34 in 1945 VS.. $1,516,828 or $l.57.
General Outdoor Advertising Co.
net for 1945 was 81 ,068, ,280 or $1.04
VS.. 81, ,225 ,394 or $1.22 in 1914.
Pullman-Standard Car Mfg. Co.
elected Champ Garry president to
succeed c. A. Liddle, who became
board chairman. Mr.. Garry resigned
as executive vice president of Pull
man Co.