Evening star. [volume] (Washington, D.C.) 1854-1972, 1947-09-15
Business Briefs

steer VIII optIdtlOIiS 1OI lllt Cui
rent week we're scheduled at 894qo
of capacity, indicating production of
1864 400 tons-American Iron g.
Steel Institute. Figures last week
were 843@6 and 1,475,200 tons; a
month ago, 928eo and 1923 900; a
year ago, 89.1Te and 10000
North American Newsprint Out
put in August set a record for that
month of 48O,32l tons VS.. 468, 236 a
year earlier-News Print Service
Bureau. Stocks on August 81
totaled 1866 tons VS.. 1898 a
month earlier and 206,511 a year
earlier.
Carnegie-Illinois Steel Corp. an
nounced it's Pittsburgh mills will
not reach full production for nine
days following Fridays settlement
of a railroad workers strike at
Pittsburgh.
Standard Oil Co. New Jersey
and Worldwide affiliates expect to
complete by 1851 one of the great
est expansion programs in the COM
pany's history. Domestic afflllates
alone will spend $l21, 600, 900 on pro-
ducing activities in l947. They will
spend another $50 900, 900 for refine
ries this year and $4,000, 900 for the
same purpose in 1913. Creole Pc
troleum is spending $9S, 000,O00 in
Venezuela. A new English refinery
will cost more than $4,000, 900.
Hershey Chocolate Corp. stock
holders approved 3-for-l split in
common stock, effective September
16. They also approved retirement
of treasury shares but set no effec-
tive date.
Standard Oil Co. of California
earned S22,314233 or SLIP a share
in three months ended June 80 VS..
SIG, 1854 or S128 year earlier.
Net for the first half was $40. 1903, 200
or S3.14 VS.. $31 ,254,06l or $40.
Electric Power & Light Corp. net
income for three months ended
July 81 was S4082,470 VS.. S3,206, $40
in the same 1916 period.
REYNOLDS Metals Co. earned 81
944.l49 or $274 in six months ended
June 30 VS.. deficit of $80,8l0 a
year earlier Net for the June
quarter was 1922 9l8 or IA cents VS..
Sl46. ITO or 8 cents.
Marathon Corp. profit for nine
months ended July 81 was 50 500, 800
or $2.62 VS.. $2,05l 800 or SLAB in the
same 1916 period.
nunI.~ rorp eor,,a5 e. 1nA eco ar
S6.0S in II months ended May 81
after a 100000 Writedown of invest
ment, VS.. $685. or 5000 in the
previous year.
Eastern Sugar Associates profit
for II months ended June 80 was
S2,287.13l VS.. S344,221 in the pre-
ceding fiscal period.
l.. c. Smith & Corona Type
writer's, Inc. earned $1,796,40 Oh
s5.57 in IL months ended June 81
VS.. So66,132 or $3.50 in the previous
year.
International DetroIa Corp. profit
for nine months ended July 81 was
S1.139,9O8 or SO cents VS.. $3.50, 7O1
or 70 cents il the same period q
year earlier.
National Steel Corp, Ltd, earned
S1055,809 or $3.50 in II months
ended June 80 VS.. Sl.247,l66 or SIT
in the previous year.
The Fair had profit of S455, Its Of
1922 in IS weeks ended August VS.
1868 $50 or S25l in the like 194t
period.
Pittsburgh Metallurgical Co. earned
S40o,58 or Sl.60 in IL months ended
June 30 VS.. Sl32,373 or So cents ir
the previous year.
Humble Oil & Refining Co
awarded a contract to Stearns
Roger Mfg. Co. of Denver for d
S6,860000 addition to its big Katy
gas cycling plant in Harris County
Texas.
National Airlines, Inc, elected
Joseph M Jones to its Board @,
Directors.