Evening star., 1947-07-27
Business Briefs
Commercial Building is expect


the July / lifting of construction
controls, but no stampede in this
direction has appeared so far
Associated General Contractors of
America.
The Parade to Higher Steel Prices
was Joined by Jones Laughlin Steel
Corp. with increases ranging from
SIS to $40 ton. effective tomorrow.
American Rolling Mill Co., Re
public Steel Corp, National Steel
Corp. and Alan Wood Steel Co.
previously announced increases. The
magazine Steel estimated increases
averaged about 1919.
Hiring Of New Employees by man
ufacturers in May averaged At for
every 1000 employees VS.. 81 in the
previous month and was the lowest
for May since 1940-Bureau of
Labor Statistics. Layoffs rose to
IS per 1000 VS.. 10 in the previous
month. =
Gorham Mfg. Co. declared a
dividend of $1.50 a common share,
payable September Is. The firm
paid IS cents in March and 81 in
June.
Peoples Gas, Light g. Coke Co.,
placed common stock on a $3.50
annual basis with declaration of
dividend of $1.371z, payable
October IS. The firm paid IS in
1916.
r. G. lie Tourneau, Inc, deferred
dividend action on common stock
due at this time
National Container Corp. declared
a divident of 80 cents a common
share, payable September 10. Prior
to a 3-for-1 splitup, the firm paid
rs cents quarter.
Illinois Central Railroad asked
ICC permission to issue $l1, $3.50, 900
of equipment trust certificates.
Nickel Plate Railroad was author
lied by the ICC to issue $6,O00,0O0 of
notes to finance purchase of addi-
tional stock holdings in Wheeling
& Lake Erie Railway
Brown -Forman Distillers Corp. is
awaiting a Treasury Department
ruling before approving some plan
for distributing additional stock,
but denied that directors had ap-
proved 2-for-1 stock splitup.
Lone Star Cement Corp. earned
$2,666,631 or $2.81 share in the
first half of 1947 VS.. $2,173,377 or
1929 a year earlier.
Fairbanks Morse Co. profit for the
first half was s2,602 ,844 or $4.34 VS..
a deficit Of $357 1854 in the same 1916
period.
Detroit Steel Corp. earned $2,747,-
433 or 1894 in the first half VS..
$1,014,140 or $1.23 year earlier.
Ruberoid Co. net for the first half
was $2,211 ,4O2 or $5.5S VS.. 1896 ,099 or
s225 in the same 1916 period.
E. w. Bliss Co. earned $1,611 1863
or $40 in the first half VS.. $460,087
or $1.01.
York Corp. net for nine months
ended June so was $1,633, ,987 or ST 50
VS.. $791 ,062 or IS cents in the same
period a year earlier.
oCAcId StCct SdStluSS SOTp.
earned $1,481 1897 in the first half vs..
$862,84 a year earlier.
American Bank Note Co. net for
the first half was $974,573 or $129
vs.. $1,217,058 or $1.66.
Barium Steel Corp. earned $780,
1913 in the first half VS.. a deficit Of
$82, 1872 year earlier.
A. M. Byers Co. net for the June
quarter was $438, ,4S0 or $129 VS..
$154,927 or % cents.
Granite City Steel Co. earned
$714,886 or $1.87 in the first half VS..
a deficit of 1881, ,5S3 a year earlier.
United States Playing Card Co.
profit for the firsteha1f was 1886, All
or $3.50 VS.. $1,568,155 or $4.O6 in the
same 1916 period. a..
Youngstown Steel Door Co. earned
$778,047 or SLIT in the first half VS..
$203,S27 or 81 cents year earlier.
Wayne Knitting Mills profit for
the first half was $741 ,632 or $2.46
VS.. $449, ,485 or $2.99.
United States Hoffman Machinery
Corp. earned $632, ,689 or $2.19 the
first half VS.. $3.50, ,O28 or $3.17 a
year earlier.