Evening star., 1946-08-19
Business Briefs
Steel Mill Operation, for

Steel Mill Operations for the cur
rent week were scheduled at 89.7g
of capacity. indicating production
of 1880. 900 tons-American Iron &
Steel Institute. Figures last week
we're 90.3eo and 1891 400 tons; a
month ago. 89.3oo and 1.573,000; a
year ago, 69.9oc and $780, 300.
Construction Awards in southern
states totaled s18l, ,845 900 in July.
gain of 25eo from the previous
month and more than 1907 above
a year ago-Manufacturers Record.
Riverside & Dan River Cotton
Mills, Inc, stockholders approved
recapitalization plan and a change
IN name to Dan River Mills, Inc.
New 412ec preferred stock will be
offered in exchange for present So
preferred and five new common
shares will be exchanged for each
old common share
Compo Shoe Machinery Corp.
stockholders will vote September 10
on proposed increase in common
stock from $4,000 to 100000 shares
and stock dividend of 1907.
American Brake Shoe Co. regis
tered with the SEC 1879 .l0l common
shares. for which subscription rights
will be issued present stockholders
on the basis of a new share for each
four held at price of S35 a share
Proceeds will be used for expansion
e. /. Dupont De Nemours g. Co
declared an interim dividend ot
s175 common share, payable Sep
tember IA. A similar payment was
made in June
Publicker Industries, Inc. declared
common stock dividend of one
fortieth of common share. payable
September 80.
Safeway Stores sales in four weeks
ended August 10 totaled $65, ,781 ,555
a Jump of 3l4oe from year ago: in
30 weeks ended the same date, $3.50.
5.527, an increase of 251ee.
Goodyear Tire & Rubber Co.
earned s1508a.189 or $3.50 a share
in the first half of 1916 VS.. S7,509.-
s6S or $3.50 year ago. Profit was
the highest for the period on record
Sears. Roebuck a. Co. profit for "a
weeks ended July 16 was S38. .639. .65s
or s164 a share VS.. S13,697 .361 or So
cents in the same 1945 period. Sales
totaled 1898 ,909,0 ,023. jump OF
$780, from the same period last
year.
Colgate p alm0live-Pee Co. earned
s6,311156 or S310 in the first hah
of 1946 VS.. s3.1a2.547 or 81 ~ a veal
ago. A S25 100000 expansion pro-
gram has been authorized for tn.
next three years.
Best Foods, Inc. profit for Il
months ended June 80 was SO 089. IT
or s2.06 VS. s2,515 SAB or $1.68 in tn,
preceding fiscal period.
Armstrong Cork Co. earned 81 .
987,617 or s119 in the first half VS.
s1854.e .e71 or $125 a year ago.
Kaufman Department Stores
Inc, profit for the first half wa
s1,s11 TAB or 1927 VS.. s741,o12 o
s134.
Jewel Tea Co. net for % week
ended July 13 was 81 l204.845 or 81 8
vs.. s696, 1892 or s1o5 in the like 1874
period.
Union Electric Co. of Missoul
earned 1864 BOG in II months ende'
June 80 VS.. Sc, ,730,o75 in the previou
year.
Metropolitan Edison Co. net 10
II months ended June 30 was $3,982,
645 VS.. 1864, 1877 in the preceding
fiscal period.
Deep Rock Oil Corp. earned s718.
TIA or $1.80 in the first half OF 194
VS.. S722.776 or S1.8l year ago.
National Automotive Fibres prof
for the first half was $407 ,055 or 4
cents VS.. s474,814 or SO cents o.
fewer shares in the same 1945 periot
Baldwin Locomotive Works wa
awarded a s2,19S, ,586 Government
contract for five turbines TO b
installed in the Davis Map powe
plant,
Baltimore & Ohio Railroad freieh
Ioadings in the week ended Angus
II totaied 66,517 VS.. 67.3ls in tn
previous week and 57.784 a year agt