Evening star., 1947-06-09
Business Briefs

SICbI Nlitl opUI UIdtiOhs ioi HAiS SfA
rent week were scheduled at 96,9%
of capacity. indicating production O.
695. TOO net tonS-American 1ror
& Steel Institute Figures last WeeF
we're 97Go and 1897 400 tons;
month ago, 942% and 400;
year ago, 1917 and l,34l 200.
Meat Supplies next year will be
the smallest since 194l, but this
years supplies will be sufficient fol-
per capita consumption averaging
between $50 and l55 pounds, high
est average in IS years-Agrlculture
Department.
Jewel Tea Co. stockholders ap'
proved plan to issue $4,000 shares
Of 3& n 500 par cumulative pre-
ferred stock and increase authorized
common stock to 100000 shares
from 100000 The preferred will be
offered publicly.
Hooker Electrochemical Co. stock
holders will vote June 26 on a plan
to split common stock 2 for ! anc
authorize new issue of 200 900 pre-
ferred shares.
Public Service Co. of Colorado has
invited bids up to June II on $4O,-
100000 of first mortgage bonds. due
1877, and $1,000, 900 more of 3%o con-
vertible debentures, which will be
offered for subscription first to COM
mon stockholders.
Peabody Coal Co. directors will
meet June II to conSide" the pro-
posed redemption of all Class A
stock as initial step in recapitaG-
zation program.
Mid Continent Petroleum Corp
will spend s8,500000 in expanding
and undermining its refinery at West
Tulsa, Okla, Chairman jacob
France announced.
Atchison. Topeka & Santa Fe
Railroad plans to spend from So
100000 to S10,000.000 on freight
terminal expansion near Kansas
City. Mo, official disclosed.
Electric Power & Light Corp
earned s7,737 1877 in the March quar-
ter VS.. Sc ,237 .888 a year ago.
Southern Railway System reported
May operating revenues of $24 ,532,
485, gain of $4,907 ,829 from a year
ago. Revenues for five months OF
l947 totaled Sl22,5l5.31l, an increase
of Sll 4638l0.
Bond Stores, Inc. sales for May
totaled S7,l0l.951, rise of 263%
from year ago; for five months
$50, ,535.255, an increase of 25.7go.
McCrory Stores Corp. sales in MAY
totaled s7.l27.588, a jump of 1910,
from a year ago in five months
S32248 062, gain of &c.
Wieboldt Stores. Inc, sales for l:
weeks ended April Is totaled sl3,.
5o4. 400, a gain of $50 from, yea
ago; for 80 weeks ended the same
date. s44876.395. a rise of 2l.9@r.
Investment Co. of America re
ported net asset value on May 3
was equal to s249l common shar'
VS.. 1855 a month ago and $37.7
a year earlier
Sharpe & Dohme, Inc. has pur
chased a large Government manu-
featuring plant at North Wales. Pa
from the WAA for 81, 10000
Safeway Stores directors voted T.
call for redemption 4.452 shares o
81 preferred stock on October l t.
meet regular sinking fund require
ments. The regular dividends wer
declared payable July !.
Booth Fisheries Corp. has acquire,
the business and inventories o
Omco Frosted Foods. Inc, distribu
tors of Polar Brand frozen foods il
the Chicago area.
Eastern Air Lines has conclude
an agreement With Peoples Expires
Co. for pickup and delivery of al
freight throughout the New Yor
area.
AiIis- Chalmers Mfg. Co. appointe
William A. Roberts and William
johnson executive vice presidents o
the tractor division and the genera
Dechincry division, respectively.