Evening star., 1947-04-21
Business Briefs
Steel Mill Operations for the

Steel Mill Operations for the cur
rent week we're scheduled at $50
of capacity, indicating production OF
1852 400 net tons-American Iron &
Steel Institute. Figures last week
were 94.5eo and 1653,700 tons; a
month ago, 97%o and 1857, 400; a
year ago. 1857 and 1927 100.
Suspension Of the Copper Tariff
Of 4 cents pound for two years
was approved by the United States
Senate in a move to rebuild de-
pleted American stocks of the metal
The bill now goes back to the House
for consideration of an amendment
leaving the duty on copper sulphate
Cotton Spinning Operations in
March were at 125.49o of capacity VS..
1857 in the previous month and
114igo a year ago.-CensuS Bureau
Rubber Consumption continued at
record levels in February, with no
signs of a letup.-Rubber Manu-
facturers' Association. Consumption
for two months was at the rate of
nearly 100000 tons year, or well
over double the prewar average.
Norwegian Bond Offering Of $10,-
100000 will be the first call on
American investors for new money
from abroad since the war and other
governments needing funds will
watch the result. Interest on the
issue was set at 3.5Ts.
Harbison- Walker Refractories Co.
declared a dividend of so cents a
common share, payable June q
Previous payments were Is cents
with a year-end extra of IS cents
last December.
Greyhound Corp. was authorized
by the ICC to split common stock
for / and issue up to 6,22o,060 new
shares for that purpose.
Anaconda Copper Mining Co,
earned $23,838.612 or s275 share
in 1916 VS.. s20.402,776 or $2.35 in
the previous year.
American Light e. Traction Co
reported net income of $685. SIT OF
sl.72 for 1946 VS.. s4,S95 ,055 or s1.4e
In 1945.
Public Service Corp. of New Jersey
earned $6.376, ,495 or II cents in the
first 1947 quarter VS.. $6,932 ,23l or Il
cents year ago.
American Woelen Co. net for the
first quarter was s4,634,0 900 or SIS VS.
s3937 900 or 1885 in the same l94t
period.
Lit Bros. and subsidiaries earned
$2,724,03s or S220 in IL month.
ended January 81 VS.. s1.358,920 o.
SO cents in the previous year.
Mercantile Stores Co. profit fol
II months ended January 81 wal
s4,682, ,760 or $3.14 VS.. sl,S10.901 ol
s1.21 in the preceding period.
Kellogg Co. earned s4.423.2o5 oI
s2.o2 in 1916 VS.. s3,891 ,258 or sf.7'
in the previous year.
Heyden Chemical Co. profit TO,
ts46 was $2,416.523 or $3.50 VS.. ST.,
4o3.342 or SO cents in l945.
Alexander Smith e. Sons earnet
.si.3el.81l or s144 in the first 1874
quarter VS.. 1888, ,447 or IS cents ,
year ago.
Glenmore Distilleries Co. profit fo
the first 1947 quarter was S1,611 AZ
or $1.55 after provision OF S1,69l .S8'
for contingencies. VS.. s64a,953 or 6.
cents In the same 1946 period.
Continental Steel Corp. earnet
1898 ,22S or rs cents in the Marcf
quarter VS.. $l0,962 or 2 cents
year ago.
j, C. Penney Co. sales in the f1rs'
quarter were 14ta % above a veal
ago because of higher prices, but
unit sales were about the same
Copperweld Steel Co. profit for tn,
March quarter was $255,311 or A
Genus vs.. loss of s1ss,521 In tn,
same 1946 period.
Baltimore & Ohio Railroad han
died 6s.452 cars of freight in tn,
week ended April 10 VS.. 81 ,7s3 In tn
previous week and 46,e7s q year ago
n