Evening star., 1947-11-24
Business Briefs.

SbCCi 4fAhN oPCA hbclhS AVA eAe
current week were scheduled at
e63Ga of capacity, indicating pro-
duction Of 1685,200 net tons-Amer-
lean Iron & Steel Institute. Figures
last week were 97eo and 1897 400
tons; a year ago, e2.81o ana
1,1o6,800
Freight Loadings in 10 months of
l947 were 769e above the same 1916
period, $50 of the 1945 period, 1870
above 1914 and 46ea above. 1943-'
Office of Defense Transportation.
Major gains from year earlier were
12re in grain loadings and 10.4G
in coal loadings.
International Harvester Co. an
nounced plans for S100,000000 of
flnanGing early next year in the
quarterly report. This years sales
we're estimated at S739 100000, a new
record and a Jump of 50Go from
year earlier.
Halle Bros. Co. preferred stock
holders will be asked to approve an
increase in the conpany's authorized
funded debt limit from S3,75o,000 to
S7,5O00O0 to permit financing of a
100000 stores reconstruction and i'm
provement program.
Southern Pacific Co. awarded
S145OO.000 of 2l4T equipment trust
certificates to Solomon Bros. &
Hutzler and associates on bid Of
9942
Automatic Voting Machine Corp.
declared a dividend of 40 cents a
common share, payable December TO-.
Previous payments were 25 cents.
Noma Electric Corp. declared a
dividend of so cents, payable Decem-
her %. raising 1947 payments to rs
cents VS.. 81 in 1896.
Armstrong Cork Co. declared
dividend of 81 a common share, pay
able December %. lifting 1947 divi-
dends to $3.50 VS.. $3.50 last year.
A. Hollander & Son, Inc. declared
an extra dividend of 25 cents. pay
able January 6. and regular quar-
terly Of 25.cents. payable December
II. For 1947 cash payments total
S135, same as in 1916. However, a
So stock dividend also was paid in
1916.
Detroit Edison Co. earned S10.-
454,398 or S149 a share in IL months
ended October 81 VS.. S10,020,642 or
s1.57 in the previous year.
West Penn Power Co. net income
for nine mcnths ended September
80 was S5,816.181 or S164 VS.. S4,-
351 296 or S114 in the same 1916
period.
Spencer Kellogg & Sons earned
$12,371,154 or $10.12 in u months
ended August 81 VS.. S2,593,950 or
s2.12 in the previous year. The lat
est net was after deduction of S4,-
100000 for contingencies VS.. $400,-
900 set aside in the previous year.
Pet Milk Co. profit for three
months ended September 80 was
s741 ,063 or S1.55. after provision of
S450,000 for possible inventory loss,
VS.. S1.572,554 or S3.44 in the same
1s46 period.
L. A. Young Spring e. Wire Co.
earned S534.l33 or S1.31 in three
months ended October 81 VS.. sal ,602
or 10 cents year earlier.
Graham-Paige Motors Corp. has
acquired manufacturing and sales
rights for two new rototiller farm
equipment models from Swiss patent
holders. One is smaller and the
other is larger than present models.
Yale G. Towne Mfg. Co. elected
Calvert Carey president to succeed
the late w. Gibson Carey, jr. Fred
Dunning was elected executive vice
president but will continue to serve
as secretary and treasurer.
Kudner Agency, Inc, received the
resignation of Blackwell Smith as
I secretary and treasurer. He will
associate himself with the Liberia
Co. and serve as legal and business
consultant.
Commentators, Inc, elected
Reeve Hoover of Washington chair
man of the board. He is vice presi-
dent of Dominion Minerals, Inc.