Evening star. [volume] (Washington, D.C.) 1854-1972, 1947-06-08
Business Briefs
Net RaiIway Income

Net Railway Income Of Class /
carriers in April appropriated s32,-
SOC, 900, compared with deficit OF
SIS, 32G, 900 year ago when traffic
was reduced by a coal strike-Asso-
citation of American Railroads. Net
for four 1947 months Appropriated
sl2l 600 900 VS.. deficit of $1oo. 000
a year ago.
Automobile Production in the
United States rose to 93.834 cars in
the last week VS.. 78,438 in the pre-
ceding holiday week and 9,587
year ago-Automotive News. The D.
000, 000th vehicle of the year came
off the assembly lines in the latest
week.
Foreign Copper Prices dropped
back ga cents a pound to the do
mestic level of 81 u cents, but buying
of the imported metal was reported
near standstill. Six leading fabri-
Gators cut prices of their products
at least a cent a pound
Listed Stock Values on the New
York Stock Exchange averaged
s35 .08 a share on May 20 VS.. $35 .95
on April 80. a,
State and Municipal Financing
scheduled for the coming week totals
$50 $685. VS.. sl7,592, $50 last week
and a weekly average for the year
to date OF s57,738,57l-Daily Bond
Buyer Commonwealth of Massa-
chusetts will offer S26,000,000 of
bonds and Tennessee will offer s10,-
COS 900 on Tuesday.
May Department Stores Co. regis
tered with the SEC $15,000,000 of
Tsinking fund debentures, due 1912,
and 89,467 shares of no par cumula-
tive preferred stock. Proceeds will
be used for expansion.
Pittsburgh Coke e. Chemical Co.
stockholders will vote August on
proposed increase in authorized
SIS preferred stoc kto 10000 shares
from $4,000.
National Enameling e. Stamping
Co. declared a dividend of SIPS a
common share, payable June 80.
Previous payment was IS cents.
Torrington Co. declared an extra
dividend OF 40 cents and regular
quarterly of 40 cents, both payable
July /. This is the first extra in
several years.
Air Associates, Inc, directors
voted to omit the quarterly dividend
usually paid in June.
Distillers Corp. -Seagrams. Ltd,
earned $10,477,921 or s1.19 a share
in three months ended April 80 VS..
81 1895 1888 or SIS cents year ago.
Goodall- Sanford, Inc. profit for
80 weeks ended April 30 was So $780,
281 or s4.12 VS.. s1.194. 1876 or $2.15 in
the same 1916 period.
Publicker Industries, Inc, earned
$1,979,071 or 81 cents in the March
quarter VS.. $5,7o1 1884 or $286 a year
ago.
A. o. Smith Corp. net income for
three months ended April 80 was
$1,240,190 or $248 VS.. a deficit OF
$156,066 in the same 1946 period.
Seiberling Rubber Co. earned
| DlOo, LOO OI % CcllIS III tile WAL u
quarter VS.. s305,510 or 81 cents 6
year ago.
G. C. Murphy Co. sales for May
totaled s9,783 ,003, gain of 141%
from a year ago; for five months Of
1947, SAL ,142, 787, an increase of 47Te
Lane Bryant sales in May totalee
$4,768,815, Jump of 22.5% from 6
year ago: in five months, $21, 761 ,O45
a gain of 1867.
Diana Stores Corp. sales for Ma,
totaled $1,l78.828, an increase o.
1857 from a year ago: for II
months ended May 81, sl0,775.7 no, {
gain of 1870 from year earlier.
Pittsburgh Steel Co. is negotiating
for the purchase of Johnson Steel &
Wire Co. Of Worcester, Mass, Pres
ident Johnson Of the latter firm
disclosed.
Carnation Co. will consolidate ir
Los Angeles its various executive
offices now dispersed in New York
Milwaukee and Seattle, and has pur.
chased an entire block in Lo:
Angeles as site for a $500, 900 Office
building.
American Sugar Refining Co. an.
nounced its Cuban properties hac
completed grinding a sugar crop O.
1.673,773 bags, new alltime record
and 714,000 bags above year ago.