Evening star., 1946-01-10
Business Briefs

Steel production totaled 79,745,581
tons in ls45, off almost 10 million
tons from record 1854 500 tons in
1914. Operating rate average 1s45:
$500 OF capacity; 1914, $3.50.
Export Import Bank approved
plan for buying notes totaling s202,-
300 accepted by Baldwin Locomo-
tive Works for sale of four locon,o-
tives to a Colombia company: rate.
~; guaranteed by Colombia banks.
Maryland Public Service Commits.
sion set January % for hearing Bal
timore g. Annapolis Railroad Co,
petition to issue promissory note
worth $4,000 and transfer as COL
lateral s350,o00 in first-mortgage
bonds.
Lehman Brothers and associates of
New York bid high for three new
bond issues of Oklahoma City, county
and school board totaling $7,826, 600
relssued them at prices to yield
from 0.6% to 1850.
Halsey, Stuart & Co. and associates
bid high for $4,500, 900 Tulsa (Okla, }
school district bond issue, reofferine
at prices to yield from O.65 to 1857.
5. H. Kress & Co. 1945 sales to-
: tailed $126, ,038, ,945, off 1.59o. Decem-
Der gained 4.6% over last year.
Brig. Gen. Robert C. Cutler, law
yer, editor, philanthropist, author of
novels. was named president of Old
Colony Trust of Boston; Charming
H. Cox, former Governor, chairman
Of board.
j. p. Morgan e. Co. directors now
include John L. Collyer, president of
B. F. Goodrich Co., and Ralph w,
Gallagher, until recently chairman
OF board OF Standard Oil Co. IN. j.
Total liquid savings in 3rd quarter
was $4,000, 100000 with $500 ,0OO,-
900 increase in individuals cash and
deposits, setting new high.
American Water Works g. Electric
Co. has arranged to sell $4,000, 900
of new debentures to an insurance
group, reports said, proceeds to pay
notes issued last year to retire so
and So debentures.
Gross crude oil output increased
74,200 barrels daily in week ending
January 5, but total is under year
ago. Gasoline supplies rose to 9s,-
$4,000 barrels, high since last
March.
Generzl Electric's stockholders are
45so women, $50 men; total at all
time high, al, 1898.
Chain store companies-5l5 oper-
ating 10000 units-plan moderniza-
tion t. cost S519 100000 this year
according to Chain Store Age.
Iowa Power G. Light asked SEC to
approve .refinancing for lower divi-
dend rate $4,000 shares of 7% and
SO cumulative preferred stock.
First multiple-purpose stainless
steel since war is produced by Car
negie-l Illinois, named Stainless W.
after Carnegie Wood Works where
developed secretly. Widest applica-
ton in wrought and cast forms; also
available in strips, sheet, wire, tube
Combines high strength and corro-
sion resistance with ability to be
hardened through heat treatment.
Lehman Bros. and A. G. Becker
d Go. head underwriting group Of
fering 10000 shares of Viskine
Corp. of Chicago class A common
at 351s already oversubscribed.
A new issue of $4,000, 600 City o.
Allentown, Pa. per cent school
district building and improvement
bonds was offered by First Boston
Corp. and associates. !
SEC registered stocks of Nationa
Mallinson Fabrics Corp. (123, ,460)
U. S. Industrial Chemicals, Inc
t62,405 offered first to present hold.
ers,; Florida Public Utilities Co.
West Palm Beach 5000 at S100 pal
4.75% cumulative preferred). Las
named will be offered at $103, plu.
accrued dividends.
Sears Roebuck & Co. reported sale.
for II months ending December 8.
at new high Of 1888, Ass. .028.