Evening star., 1946-09-22

Business Briefs
General Business Activity ha


ceded slightly. according to the index
of Business Week, which stood at
1927 for the latest week VS.. 1890 in
the previous week, 1882 a month
ago and Ills year ago.
Iron Ore Consumption from the
Lake Superior region set a new
years high of 6,738, 400 gross tons in
August VS.. 6,460,033 in the previous
month and 5,65S,278 a year ago
Lake Superior Iron Ore Association.
Transportation Needs of Ohio
Valley coal mines in the final quar-
ter of 1916 will total 100000 cars.
land it is doubtful that carriers can
meet the demand-Ohio Valley
Transportation Board.
Paper Production in the United
States stood at 105.los of capacity
in the week ended September IA VS..
s6,7fo in the preceding week and
$40 a year ago-American Paper
Il Pulp Association.
United Rexall Drug Co. has pur-
chased common stock of Lane Drug
stores. Inc, with headquarters in
Atlanta. H. c. Naylor, president of
the Lane chain, will remain in COM
plete charge.
Hiram Walker Gooderham q
Worts. Ltd. stockholders approved
a 4-for-1 split in common stock.
American Home Products Corp.
stockholders approved 3-for-l
common stock splitup Correction.
Illinois Zinc Co. stockholders will
vote October "a on a proposed 2-for-l
common stock splitup.
Industrial Bankshares Corp. stock
holders approved issuance of 100 900
additional shares to be sold at 500
a share to present holders at the
rate of new share for each five
held.
United States Potash Co. stock
holders will vote October Is on pro-
posed increase in authorized COM
mon stock from 525,00O to 1850 900
shares preparatory to a 100 per cent
stock dividend.
Timken-Detroit Axle Co. profit for
II months ended June 80 was So
966,59l or $3.50 a share VS.. s5,229,488
or $2.64 in the preceding fiscal
period.
American Sumatra Tobacco Corp.
earned s1,595,573 or $3.50 in IL
months ended July 81 vs.. $648, ,56l or
s3.37 in. the previous year.
American Potash & Chemical
Corp. profit for six months ended
June 80 was s723,97O or s137 VS..
s585,720 or Sill in the same l945
period.
Childs Co. earned s949, ,489 in eight
months ended August 81 VS.. s567, ,686
year ago.
Francisco Sugar Co. profit for IL
months ended June 80 was 81, ,398, ,889
or $399 VS.. s257 ,598 or "a cents in
the preceding fiscal period.
i United Milk Products Co. declared
dividends of SITS on common stock
and $3.50 on SO participating pre-
ferred, both payable October /. In
preceding quarters the firm paid so
cents and SIPS, respectively.
Certain-teed Products Corp. de-
clared dividend of Is cents a COM
mon share, payable October 10.
Previous payment was an initial
dividend of the same amount
June l.
photographic Corp. declared a,
stock dividend of 10 per cent, pay
able November 90. The firm pays
Is cents quarterly.
New York Power & Light Corn.
will construct two hydroelectric
plants in the upper Hudson River
Valley at cost of around $4,000
900.
American Stove Co. has purchased
a Cleveland war plant which will
add about 250,000 square feet of
space for production of heavy cook
ing equipment.
National Malleable g. Steel Cast
ings Co. elected Cleve H. Pomeroy
president. He has been vice presi-
dent and secretary-tr treasurer.
French Line appointed James F.
Nolan manager of it's Chicago Office
which will reopen September Is. He
has been Washington representative
of Inland Steel Container Co.