Evening star., 1946-11-10
Business Briefs
Steel Production in October

Steel FrOQuctlOn III OCUOUcT IOoo
to 6,970, ,235 tons, a peacetime record
except for 1941, and compared with
6,517894 in the preceding month
and 5,596,776 year ago-American
Iron g. Steel Institute.
Retail Store Sales in September
approximated s8,203. .000,000 a drop
of 90 from the preceding month.
but 23o6 above a year ago-Com-
merce Department. Chief factor in
the gain from a year ago was higher
prices.
Rayon Output in the first nine
months of 1916 set a new record OF
633, ,500,00 pounds and was $3.50
above year ago-Rayon Organon.
Third quarter production approx
mated 213,50O,000 pounds, also rec
ord, and 1879 above a year ago.
Lumber Production in August ap-
proximated 3,451 900 900 board feet,
a larger than seasonal rise Of so
from the previous month and 27oo
above year ago-Commerce De-
partment.
Automobile Output in the United
States last week was estimated at
88,772 units vs. a postwar record Of
92,975 in the previous week-Auto-
motive News.
United States Graphite Co. de-
clared dividend of Is cents a COM
mon share, payable December 10,
raising 1916 payments to 80 cents VS..
rs cents in 1945.
Maytag Co. declared dividend of
% cents a common share, payable
December 16, first common declara-
ton since 1940
Pfeiffer Brewing Co. declared a
year-end special dividend of 25 cents
and a regular quarterly of Is cents,
both payable December %.
Norwich Pharmacal Co. declared
an extra dividend of Is cents and q
regular quarterly of IS cents, both
payable December 10.
Otis Elevator Co. earned $3,481,-
654 or $1.59 share in nine months
ended September 80 VS.. s2,076,281 or
80 cents year ago.
Western Union Telegraph Co. re-
ported a net loss of s10,420,174 for
nine months ended September 80 VS..
profit of $2,246,3 in the same 1945
period
Ell Paso Natural Gas Co. of Della
ware earned S2.587 OIL or S349 in IL
months ended September 80 VS.. 81
190,963 or S3.47 in the previous year.
General Telephone Corp. profit
for nine months ended September 80
was s2,275,923 or s2.52 VS.. $1,461,-
O45 or SITS in the same 1945 period.
Anaconda Wire & Cable Co.
earned $2,100,301 or s498 in nine
months ended September 80 VS..
s640,503 or s152 a year ago.
S. S. White Dental Mfg. Co. prof.
it for nine months ended September
30 was $1,114,860 or $3.73 VS.. s484,8 1853
or S1.62 in the same 1945 period.
Pittson Co. earned $1,062, ,089 or
$1.Sl in nine months ended Septem-
ber 80 VS.. $l,571 ,927 or $2.32 a year
ago.
Sun Chemical Corp. profit for nine
months ended September 30 was
1925, ,785 or 10 cents VS.. S498,250 or
48 cents in the same 1945 period.
Universal -CycIops Steel Corp.
earned $777,434 or $155 in nine
months ended September 80 VS..
S612, 1882 S1.22 year ago.
Capital City Products Co. profit
for II months ended August 81 was
s749, ,739 or S7.53 VS.. s251,072 or s2.52
in the preceding fiscal period
Motor Wheel Corp. earned $712,241
or "a cents in nine months ended
September 80 VS.. sl,425, ,760 or $1.s8
a year ago.
Mack Trucks, Inc, loss for nine
months ended September 80 was
S3l6,626 VS.. profit of 81 $50, ats in the
same 1945 period.
Springley Realty Corp, which
owns the Fisk Building at Fifty
seventh and Broadway, New York.
was sold to Louis Berry Of Detroit
for reported price of around S.
10000. Mr.. Berry owns hotels in
several cities, including Washington,
ID. C.
Iron Ase, national Woodworking
magazine. appointed Thomas L.
Kane publisher to succeed John H.
Van Deventer, who resigned.