Evening star., 1946-12-15
Business Briefs
Cotton Textile Prices in the

Cotton Textile Prices in the last
week ranged from OPA levels to
$50 to 30% higher-Associated
Press. The market was relatively
quiet with scattered lots of print
cloths and sheetings sold for prompt
delivery to as far ahead as the
second 1947 quarter.
Automobile Production In the
United States was estimated by
Automotive News at 94,285 for the
last week, a new postwar high,
which compared with revised total
of 90,854 for the previous week. The
magazine forecast December out
put of $4,000 units and a total
l946 production of 100000.
Lamb and Sheep Feeding has de-
clined sharply In the last month
Agriculture Department. Feeding on
wheat pasture is about unchanged
from year ago, but feed lot opera
tions have been reduced.
Pacific Telephone G. Telegraph
Co. registered with the SEC 328, lbs
shares of 500 par common stock to
be offered at par to present COM
mon and preferred holders on the
basis of one share for each ten
shares held.
Republic Indemnity Co. registered
with the SEC 10000 shares of $40
par common and $4,000 shares of 81
par cumulative preferred to be Of
fered present common stockholders.
Chicago & North Western Rail.
way declared dividend of 81, pay
able December 81. A year ago, the
road paid So and distributed IS
share at the end Of 1914.
Anchor Hooking Glass Corp. de-
clared a dividend OF $110 a common
share, payable December 28, lifting
1916 payments to 50 VS.. 81 in 1945.
Minnesota Mining g. Mfg. Co. de-
clared an extra dividend of 80 cents,
payable December 80, raising the
1916 total to $1.45 VS.. 72h cents
last year.
Fairbanks Co. declared a 1907
common stock dividend, payable
December 26.
National State Bank Of Newark,
N. j. directors authorized stock
dividend of 1907. Stockholders must
approve January IA. The bank has
paid dividends continuously since
1913. 1t was founded in 1872.
New England Telephone & Tele-
graph Co. earned $7,554,43 in ten
months ended October 81 VS.. $8,-
401 ,096 a year ago.
Amalgamated Sugar Co. profit for
IL months ended September 80 was
81, ,456, ,254 or $1.61 share VS.. $751;
657 or rs cents in the preceding
fiscal period.
York Corp. earned $1,279, 400 or
$1.37 in II months ended September
80, including s253, ,004 from reversal
of unrequired reserves, VS.. $949, ,71s
or $1.02 a year ago.
Norwalk Tire g. RubbeG Co. profit
for II months ended September 80
was $469, ,827 VS.. $223, ,052 in the pre-
ceding fiscal period.
Telautograph Corp. earned
i $685. ,672 or "a cents In II months
ended November 80 VS.. $157, ,551 or So
cents year ago.
i Engineers Public Service Co. has
amended its dissolution plan to con-
form with findings of the SEC,
which disaproved several phases of
the previous plan.
/ Reynolds Metals Co. has leased the
Governments s23,000,0 900 aluminium
rolling mill at Newark, Ohio, for
| five years. Aluminium Co., which
operated the plant in wartime. was
barred from bidding by a Justice
Department ruling.
Scott Paper Co. has started ex-
pansion of power facilities at
Chester, Pa. at cost of $1,000; 900.
Bethlehem Steel Corp. received
CPA approval for construction of
81 800 900 power plant at Sparrows
Point. Md.
Tide Water Associated Oil Co.
will sell the entire line of Federal
tire division of United States Rubber
Co. throughout its marketing or
ganization.
Seeman Brothers, Inc, has opened
its first branch in a newly acquired
six-story warehouse at Newark, N. j.
General Motors Corp. announced
the appointment of Ben N. Anibal
as administrative assistant to Har-
ry j. Klinger, general manager Of
the Pontiac Motor division. Mr..
Anibal has headed the Pontiac en-
gineering staff since 1925.