Evening star., 1950-10-01
Business Briefs
Manufacturers Shipments

August set a record of more than
$24 billion. but failed to keep pace
with nearly $28 billion of new
orders - Commerce Department.
Stocks on hand approximated
$31.5 billion on August 81, a drop
of 5000 million from a month
earlier.
Booming Steel Mills are seri-
ously hampered by the railroad
car shortage and trucks aren't
able to take up the slack-Associ-
ated Press. Carnegie Illinois Steel
Corp. and Jones g. Laughlin Steel
Corp. were reported piling up fin
ished steel for shipment on a
when-and-if basis.
Western Union Telegraph Co.
announced 1t had arranged for a
$12 million loans from a group of
New York banks. The loans will
be paid off in equal quarterly pay
ments over 5-year period and
will bear interest of 31a per cent
annually.
Kaiser Steel Corp. announced
plans for $125 million financing
program, including $50 million of
3A% first mortgage bonds, due
in 1870. $25 million of bank credit
and $40 million in stock. Part of
the proceeds will be used for a
$24.5 million expansion of the
Fontana plant. The RFC will be
repaid $91. .o82.99o on its wartime
loan.
Zenith Radio Corp. postponed
for a month the start of its Chi
cago experiment in phonevision.
Reluctance of movie producers to
lease top-grade films to Zenith
was given as the reason.
Sharon Steel Corp. boosted
prices of its steel products an
average Of SO. Officials blamed
the rise on higher costs.
Continental Motors Corp. earned
$2,513,667 or 76 cents share in
nine months ended July 81 VS..
81 ,701 ,005 or So cents a year
earlier.
Pacific Telephone g. Telegraph
Co. net income for three months
ended August 81 was $12,973.281
or $2.41 VS.. $7.173,29O or $l.79 in
the same 1949 period.
w. T. Grant Co. earned $1,673.-
1854 or SO cents in six months
ended July 81 VS.. $2,7O0,658 or
$1,01 a year earlier.
Grand Union Co. profit for six
months ended August 26 was ST.
07O.599 or $185 VS.. $993,255 or
Sl.72 in the like 1949 period.
Mueller Brass Co. earned ST.
8l6.246 or $3.42 a share in nine
months ended August 81 VS.. a def
cit of $442, $3.50 a year earlier.
National Pressure Cooker Co.
net income for niue months ended
June 80 was $1,412,388 or S1.41
VS.. 81 .084, 1923 or $1.08 in the same
period last year.
Northern Pacific Railway earned
S3.323, ,455 or $1.34 in eight months
ended August 81 VS.. S1,635,172 or
66 cents year earlier.
Garrett Corp. net income for the
year ended June 80 was $2,043 372
or 1925 VS.. $1,674,861 or s2.66 in
the preceding fiscal period.
United Electric Coal COMPANIES
earned $1,137,511 or $2.O1 in the
year ended July 81 VS.. $2,537. .743
or S4.61 in the previous year.
Wayne Pump Co. profit for nine
months ended August 81 was $128-
5S1 or A cents VS.. $59,222 or 20
cents in the like period last year
Eureka Williams Corp. earned
1891 1894 or so cents in IL months
ended July 81 VS.. a loss of $685.
|73O in the previous year.
Baltimore Transit Co, reported
a deficit of $1,094,025 for eight
months ended August 81 VS.. a loss
OF $ll9,925 in the same 1e49
period.
National Security Traders Asso-
citation elected John S. Egan of
san Francisco president at the
close of it's annual convention at
Virginia Beach. Va. Mr.. Egan
succeeds H. Frank Burkholder of
nashville. H. Russell Hastings of
Detroit was named first vice pres
ldent; Harry l.. Arnold of New
York, second vice president.
Pepsi-Cola Co. elected James W.
Carkner board chairman to sue
ceed Walter S. Mack, who re-
signed. Mr.. Carkner was one of
the original founders of PEPSI
Cola.
Standard Brands, Inc, an
nounced the appointment of j.
Paul Bryant, Mercer G.. Rhodes
and DR.. William r. Johnston as
vice presidents.