Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-12-20
Business Briefs
Steel Mill Operations

DNSBbBSSS ~ AS6S
Steel Mill Operations for the
current week were scheduled at
94.5oo of capacity, indicating pro-
duction of 1,742,100 net tons
American Iron & Steel Institute
Figures last week were 94.19s ano
1.734.700 tons; a month ago, 1920
and 1,441 900; a year ago. 1867
and 1897 900.
Business Firms of the United
States in the first quarter of 194s
numbered $4,000 or 800 more
than the total five years earlier
Commerce Department. In the
Far West, the number of firm:
increased $3.50 in the period. The
Southwest had a gain of 469o anc
the Southeast an increase of 1870
Railroad Operating Revenues Of
class I carriers in November were
1880 below year earlier-As-
ISOLATION of American Railroads
Freight receipts were off 1891
and passenger revenue dowr
1857.
Price of Grade A Tin for spot
delivery was reduced half cent
to 1874 cents a pound by the RFC
E. I. du Pont de NemOurs &
Co. has placed 730 more patents
in the Patent Offices register
for licensing-Commerce Depart
ment. The company now &C.
counts for 5000 of the $4,000
patents on the register. The new
patents cover plastics. cellulosic
materials, artificial thread, syn
thetic rubber-like materials, dye
stuffs, adhesives and other prod
ucts.
Armco Steel Corp. announced ii
had granted a license to Inland
Steel Co. to use its patented
process for coating flat-rolled steel
in a bath of molten zinc.
Chicago, Rock Island e. Pacific
Railroad asked ICC permission tc
issue SIS 100000 of first mortgage
bonds, series A, due 1880. Pro-
ceeds would be used to pay of
$25, 100000 Of notes and redeem
outstanding general mortgage
.41a%o convertible income bonds
series A.
Western Maryland Railway re-
ceived ICC permission to issue
s46,177,000 of general mortgage
4o6 bonds. series A. due October
Il, 1869. Up to s44,177,0 900 of the
new bonds can be offered in ex-
change for the company's 49,
bonds, due in 1852, on a par-for-
par basis.
West Kentucky Coal Co. de-
clared a quarterly dividend of 81
cents a common share. payable
February l.. This is the first divi-
dend since the stock was dis
tributed to holders of North Amer
lean Co. under the holiday COM
pany act.
Benrus Watch Co. ordered g
regular dividend of 20 cents
common share, payable January
80. A year ago the company de-
clared an additional payments Of
20 cents.
Marion Power Shovel Co. de.
clared a dividend of $5.25 on the
10 preferred, in arrears, payable
December 80. This brings 194s
payments on the stock to ST, same
as last year.
Fashion Park, Inc, director.
tookano action on its dividend usu'
ally paid February l. The com.
pany paid 50scents quarterly n
the last year.
Punta Allegro Sugar Corp. earned
$2,054,768 or $2.51 a share in thu
year ended September 80 VS.. ST.
508,782 or $3.06 In the previou!
year.
Northrop Aircraft. Inc, net in
come for three months ended Oc'
tober 81 was $404 600 or 80 cent.
VS.. $l11,577 or Is cents in the
same 1949 period.
A. C.. Lawrence Leather Co. hac
a deficit of $117,501 in the veal
ended October 20 VS.. profit o.
81 lbs, 1874 or $1.13 a share in tht
preceding fiscal period.
Automatic Canteen Co. of Amer
lea earned $138,24o or 81 cents {
share in 16 weeks ended October
VS.. $2O3.761 or IS cents in l.
weeks ended October 2. 1913.
Baltimore e. Ohio Railroad
handled 52,066 cars of freight il
the week ended December II VS.
1882 in the previous week ane
58.508 in the like 1948 week.
Pure Oil Co. announced tina
David D. Irwin will relinquisf
full-time duties as vice presiden
for transportation and supply bu
will continue in an advisory ca.
pacity. Kenneth A. Covell will
succeed Mr.. Irwin.
First Boston Corp. elected Vim.
ton c. johnson and Thomas E
Walsh xico r,roSidopfS