Evening star., 1947-01-07
Business Briefs

be reduced by the reciprocal trade
agreement negotiations with 18 ma
tions or United States textile man
ufacturers will face serious prob
lens of competition, declared the
Association of Cotton Textile Mar
chants of New York in a brief filed
with the State Departments Com
mittee for Reciprocity Information.
Lead Price at New York was
boosted to 13 cents a pound today
by American Smelling & Refining
Co. The previous price was 1855.
w. T. Grant Co. declared an extra
dividend of $125 a share, payable
January 80, raising fiscal year pay
ments to 1920 VS.. rs cents in the
preceding period. Sales for 1916
totaled S212 2,573, 1888, a gain of 18.49o
from 1945: for December, $50. .436, ,965,
up 9.f% from year ago.
Montgomery Ward & Co. sales in
December set a record Of Sill, ,280,-
1877, jump of 40.9ec from year
ago; in IL months of fiscal year,
1868 SIT 1884. an increase of 1857.
F. w. Woolworth Co. sales for De-
cember totaled $86, ,093 ,208, rise of
1897 from year ago; for 1916,
$552 1856 1854, again of 1917.
Lerner Stores Corp. Sales in De-
cember totaled $13,024,4 ,453, an in
crease of 1879 from year ago;
in II months ended December 81,
$91 ,320,661. a gain of So.
Mcclellan Stores Co. sales for De-
cember totaled $8,155,053 an in
crease of 1887 from a year ago;
for II months, $46, 6,083, ,652, a rise
of 1927
H. J. Heinz Co. and foreign SUBJ
sidiarieS earned $3047 1872 or $2.03
share in six months ended October
81 after provision of 100000 for
contingencies. It was the first six
months statement of the firm.
Dayton Rubber Mfg. Co. profit for
II months ended October 81 was
s2,100,000 or $40 VS.. 431 ,466 or IS
cents in the preceding fiscal period.
Armour e. Co. QllinoiS) earned
$2o,791, ,128 or $4.27 share in So
weeks ended November 2, excluding
$e,50o,O0o reserve for inventory price
decline, VS.. $9,172,538 or $141 in
the preceding So weeks.
Ashland Oil d Refining Co. profit
for IL months ended September 80
was 81 ,325, ,139 or $119 VS.. $3.50, 0,087
in the preceding fiscal period.
National Standard Co. earned
1898, ,453 or $3.72 in II months ended
September 80 vs. 1884 ,087 or $3.32 in
the previous year.
Helena Rubenstein, Inc, profit for
IL months ended September 80 was
$899, 1853 or $5.07 VS.. $670,505 or $3.62
in the preceding fiscal period.
Norwalk Tire & Rubber Co. earned
s469, ,827 or S2.25 in IL months ended
September 80 VS.. 1923 ,052 or 95 cents.
Lehman Corp. net asset value on
December 81 was $3.50 a share VS..
S52.71 q year earlier, after deducting
a capital gain dividend of IS a share
paid June Is, 1916.
American Buslines, Inc, completed
acquisition of the entire stock of
Burlington railways, bus operating
subsidiary of the Chicago, Burling-
ton &, Quincy Railroad.
Admiral Corp. announced forma-
ton of Canadian su'~'- larry, Cana
dian Admiral Corp, Ltd.
Swift International 4 j., Ltd, noti-
fed stockholders it had set the close
of business January 16 as the record
date that holders will be entitled to
rights to subscribe to 100000 newly
authorized shares.
Textron, Inc, announced the
resignation of B. B. Gossett as di-
rector of the holding company and
president of its subsidiary, Textron
Southern, Inc.