Evening star. [volume] (Washington, D.C.) 1854-1972, 1947-09-08
Business Briefs

The Pinch on the Family Pocket
book caused by higher food prices
was blamed by department store ex-
ecutives for much of the decline In
unit sales, according to a survey
conducted by the Wall Street
Journal.
Radio Tube Production of men,
Der firms in July totaled II PA ,2O2
receiving tubes VS.. 15,057,1O in the
preceding month-Radio Manufact-
urers Association. The decline was
termed seasonal.
Canadian Dollar on the free mar
ket at New York touched its low
est level since July s. 1916, with its
value quoted at 1850 United States
cents.
Rubber Price at Singapore jumped
81 of a Malayan cent and a distinct
~ better feeling was reported on
the market. Closing fob. price was
297s per pound.
Texas Co. estimated its proven
oil reserve in this country exceeded
1905, 900 900 barrels, and that foreign
reserves were more than double this
amount. Rights to subscribe to a
new share for each five held will
be issued to stockholders of record
at 8 pm. Eastern daylight saving
time, September IT.
Nehi Corp. declared regular
quarterly dividend of Is cents g
common share, payable october l
Previous payments were 20 cents.
Marlin Rockwell Corp. declared q
dividend of $125, payable October l
lifting 1s47 payments to $3.50 VS.. s.
in 1916.
Archer-Daniels-M Midland Co. prof
1t fox IL months ended June 80 was
$15,673,041 or 1888 a share VS.. So
6O4,1 49 or $4.04 in the preceding
fiscal period.
Stokely-Van Camp. Inc, earned
$7,111,9I1 or STOP in IL months
ended May 81 VS.. $5,2o4.913 or $5.32
in the previous year when 81 $50, 00C
of homecoming profit was included
Sperry Corp. and domestic SUBJ
salaries had net income of s3,576.-
434 or s1.76 in the first half of 1947
including s2,4O0,00o from postwar
reserves, VS.. So ,239 ,2s3 or s161 in the
same 1916 period when s3,719,24o of
tax refunds and $4,000 900 from post
war reserves were included.
Electric Power e. Light Corp.
earned S4.610,784 in the June quar-
ter VS.. S3,292,474 year earlier.
Carpenter Steel Co. net income for
II months ended June 80 was ST.
298 OIL or $638 VS.. 81 ,629. 206 or $4.52
in the previous yearA
National Bellas Hess, Inc, profit
for IL months ended July 81 was
s7o9 ,033 or 80 cents VS.. $655.58 or q
cents in the preceding fiscal period
Sears, Roebuck & Co. sales II
August set a new record OF $751;
4o4,627, a gain of 11,7@o from veal
earlier; in seven months ended An.
gust 81, sl.067. 055, 1853, an increase
of 22.8go and also new high mark
for the period.
F. w. Woolworth Co. sales II
August totaled $44,195, 531, a drop Of
3.9T from a year earlier: in eight
months, 1887, 500, l49, gain of 3.8Fo
Butler Brothers sales for August
totaled $10,174,248. drop of 1861
from a year earlier; for eight
months, $83 ,555,1 100, a decrease OF
1881.
Edison Bros. Stores sales in
August amounted to S5.46o,9o0, a
gain of 10 from a year earlier; in
eight months, S44,l58,808, an in
crease of 4.STo.
Grsyson- Robinson Stores sales
for August totaled 1921 ,628. a rise
of 39To from a year earlier; for
eight months, sso,6s7, 400, jump
of $685..
Allis- Chalmers Mfg. Co. received
a contract for the construction Of a
copper smelter at Paipote, Chile, for
more than s2,225,ooo. 1t is the
largest export order ever received
hF the firm.