Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-09-24
Business Briefs

Steel Mill Operations in tn,
Pittsburgh and Youngstown dis
tricts are expected to continu,
above theoretical capacity in tht
coming week. A Pittsburgh rate
of 1857 of capacity was indi-
Gated. Youngstown operations will
remain at 1867.
Civilian Meat Consumption In
December is expected to clint
about one-sixth above the pei
capital rate for the third quarter
because of seasonal increases ir
supplies, reported r. j. Eggert
associate marketing director Of
the American Meat Institute. Meat
output in 1851 will be up about 6
billion pounds over 1850 as a result
of larger feed crops, he said.
Quaker Oats Co. stakeholder.
will vote November on a proposed
4-for-1 split in common stock. Me-
income for the year ended June 81
was $10,007.518 or $12.52 share
VS.. $8,17S,643 or $10.15 in the pre-.
ceding fiscal period.
Milwaukee Gas Light Co. regis.
tered with the SEC $27 million Of
first mortgage bonds, due 1875, ane
So million of sinking fund deben.
lures, due 1910, to be sold at COM
petitive bidding. Milwaukee also
will sell 100000 additional common
shares to it's parent, American
Natural Gas Co. Proceeds will be
used to pay off outstanding bonds
notes and bank loans. retire out
standing preferred stocks and pro-
vide for expansion.
Morris Plan Corp. Of America
registered with the SEC 389 .44s
shares of it's IS per common stock
to be offered to present holders.
Proceeds will be used to increase
the company's investment in Ma
tional Industrial Credit Corp.
Southern Co. received SEC per-
mission to sell / million additional
shares of common stock at COM
petitive bidding. Proceeds will be
used to finance construction OF
subsidiaries.
Hudson Motor Car Co. will
market its 1851 model cars on
October 10. The company is ex-
pected to advance prices as have
several other auto makers.
North American Aviation will
take over the Government-owned
aircraft plant at Columbus. Ohio,
at present operated by Curtiss-
Wright Corp. North American will
start operations at the plant about
January /.
WHY'S Overland Motors. Inc,
has a working capital Of 29,319,-
1872, highest mark in the company's
history. said Ward Canady. board
chairman.
National Manufacturers &
Stores Corp. declared o regular
quarterly dividend of Is cents,
payable October 16. and an extra
Of Is cents, payable November IS.
Last previous extra was Is cents
in October. 1948.
Kennedy's, Inc, declared an
extra dividend Of 20 cents and q
regular quarterly of 80 cents. both
payable October 20.
Mengel Co. declared a dividend
Of Is cents, payable October 20.
Previous quarterly payments were
Is cents.
Atlantic City Electric Co. earned
$2.170,411 or $1.60 a share in IL
months ended August 81 VS.. ST.
034.845 in the previous IL months.
Francisco Sugar Co. net income
for IL months ended June 80 was
$1,588, 023 or $4.53 VS.. $500, 460 or
$1.45 in the preceding fiscal year,
Scranton Spring Brook Water
Co. earned 81 .493, POT or $1.08 in
IL months ended June 80 VS.,
1925, 658 or 81 cents in the pre-
vious II months.
American Sumatra Tobacco
Corp. net profit for the year ended
July 81 was $1,300,100 or $2.25 VS..
$2,462,177 or $4.27 In the preced-
ing fiscal year.
Hooker Electrochemical Co.
earned 81 .206. 400 or $1.30 in three
months ended August 81 VS.. $542,-
100 or 81 cents year earlier.