Evening star., 1948-06-07
Business Briefs
Steel Mill Operations for the CT

Steel Mill Operations Tor the cur
rent week were scheduled at 96.l q
of capacity, indicating production
of 1,732,20O tons-American Iron &
Steel Institute. Figures last weel
were 960eo and 1,730, 400 tons;
month ago, 943% and 1,699,700;
year ago, 969ro and 1895, 700.
Southern Construction Contracts
in 16 States below the Mason-Dixor
line totaled s270,000,O00 in May
highest monthly total since Septem'
ber, Observation-Disclosures Record.
Air Express Shipments of domestic
lines in April totaled 332,82l, gair
of 9.1eo from the same 1947 month
Railway Express Agency.
Armstrong Cork Co. reduced fac
tory prices of rubber tile and Limo
tile. The company reported operat'
ing economics made the cut!
possible.
Aluminium Goods Mfg. Co. de.
elared an extra dividend of so cents
a share and a regular quarterly o1
20 cents, both payable July l. The
company paid 20 cents on April l
Arthur G. Mckee G. Co. declared
a dividend of rs cents on class E
stock, payable July l. A payment
of so cents was made in April
Nachman Corp. declared a divi-
dend of so cents, payable June 81
raising payments for the year ended
June 80 to Sl.50.
Texas Gas Transmission Corp
stockholders will vote June % on
an amendment to increase the
amount of authorized stock from
the present 100000 capital shares
to 100000 shares of common and
100000 preferred shares.
Lerner Stores Corp. sales for
May totaled sl0,99l 1884, a gain of
l2.7ee from year earlier: for four
months ended May 81, 37,861 1886,
a rise of 1857.
Sterchi Bros. Stores. Inc. sales
in May amounted to s1,611,436. an
increase of 124ec from year
earlier: in three months ended
May 81, s4,1O1 ,8O2, a gain of 9.3eo
Butler Brothers sales for Nav to-
tailed Sl0,776.984, a gain of 1870
from a year earlier; for five months,
$50 1886. .189, rise of 1870.
Jewel Tea Co. sales in four weeks
ended May % totaled $ll,712,844, a
Jump of 21.7oe from a year earlier
in 20 weeks ended the same date
s56.675, ,378, an increase of 23.4eo.
Interstate Department Stores, Inc.
sales in May totaled 1854 ,439, ar
increase of 17eo from year earlier
In four months ended May 81, $50.
33l ,662. gain of 89ee.
Distillers Corp. -Seagrams, Ltd, anc
subsidiaries earned 1880, ,632 or &C
cents share in three months ended
April 80 VS.. $10,477,921 or S1.19 a
year earlier. Profit for nine months
ended the same date was S46,289 211
or s528 VS.. 42,312, ,79s or s4.7e.
Metropolitan Edison Co. net in
come for the March quarter was
se66 ,997 VS.. s992.362 in the same
1947 period.
City e. Suburban Homes Co
earned S296, 1883 or 79 cents a snare
in II months ended April 80 VS.
1855 ,667 or 95 cents in the previous
year.
McWilliams Dredging Co. reported
. deficit Of s191.47o for the March
quarter VS.. net income of SIT 1882 OF
8 cents in the same l947 period.
Textron. Inc, has purchased al
assets of Esmond Mills, Inc, in eX.
change for 139 sos shares of its sl.2;
convertible preferred stock and the
assumption. by Textron of all Es.
mond liabilities. Esmond has mil
at. Waynesboro, Va.
Ford Motor Co. elected to tht
board William c. Ford. youngest O.
the three sons of the late Edse
Ford. He succeeds B. j. Craig. wht
will continue as secretary-treasurel
of the Ford Foundation.