Evening star., 1947-09-22
Business Briefs
Manufacturers Sales and Ord,

Manufacturers Sales and Orders
in July declined 7ee and 81, re-
spectively, from the preceding
month.-Comerce Department In
ventories valued at s22. 700,00o,000 on
july 81 were up less than 500, ,0o0.-
900 from a month earlier, smallest
nonth-to-month gain in a year.
Cotton Spinning Operations in
August were at 1129eo of capacity
VS.. 1O179o in the preceding month
and 1124To in the same 1916 month.
Census Bureau.
Life Insurance Sales in August
totaled S1,616330.000 a drop of l0T
from the same 1916 month. but 56ro
above August. 1945.-Life Insurance
Agency Management Association In
eight months, sales of $l4,234, -
900 were about even with year
earlier, but 53qo above 1945 levels.
Soft Coal Production in the United
States will amount to 600 900 900 tons
this year unless strikes interfere
National Coal Association. This
would be 60,0o0,0oO tons above 1946
output.
Jaeger Machine Co. declared a
dividend of 40 cents a common
share. payable December 10. Pre-
vious payments were 80 cents
Consolidated Textile Co. declared
a dividend of 25 cents, payable Oc-
tooer 10. The payment is not re-
garded as setting regular dividend
basis.
Inter-Mountain Telephone Co. di-
reCtors failed to authorize the usual
common stock dividend at a meet
ing last Thursday, it was announced
today. The firm paid Is cents each
in July and April and 40 cents in
January.
Lit Brothers, Philadelphia depart
ment store, will buy 10000 shares of
&C. preferred stock from stock
holders at par of 500 and accrued
dividends. Tenders will be received
to November Is
Montgomery Ward e. Co. earned
Sl7,624,394 or $3.50 a share in six
months ended July 81 VS.. s24.55S 500
or S4.57 year earlier when S4000,-
600 was set aside for inventory re-
serve. Sales totaled s5o8 SAT 1863 VS..
S418,39 900 a year earlier.
Detroit Edison Co. net income for
II months ended August 81 was
S11.031,7S8 or sl.58 VS.. s9,239,870 or
S1.45 in the preceding fiscal period.
Francisco Sugar Co. earned ST.
624,391 or $606 in II months ended
June 80 VS.. 1898, 1859 or So so in the
previous year.
Gamewell Co. profit for three
months ended August 81 was S212,-
71e or SO cents VS.. S131, ,449 or 81
cents in the same 1916 period.
Jewel Tea Co. sales in four weeks
ended September totaled $9,270.-
277, a gain of 228qo from year
earlier; in So weeks ended the same
date, $84, ,673, an increase of 52T
. Sterling Drug, Inc, has formed q
new subsidiary. Winthrop-Stearns
Inc, to integrate the major pharm-
aceutical interests of the parent
company in the United States.
Universal Oil Products Co. has
received an order from Standard Oil
Co. Of Ohio to design a fluid cata l.
lytic cracking unit and gas recov-
cry system to be installed at Lima
Ohio.
Proctor e. Gamble Co. announced
1t will boost production of granule
soap products at Kansas City 25E
by plant expansion this winter.
United States Steel Corp. of Del
aware appointed G. Reed Schreinef
director of advertising to succeed
Charles r. Moffatt. who will retire
September 80.
Standard & Poor's Corp. ap-
pointed Frederick A. Stahl execu-
tivefvice president. Lewis Schell-
bach and Edgar T. Rigg were named
vice presidents.