Evening star., 1947-04-07
Business Briefs
The Telephone Strike did not

The Telephone Strike did not az
feet operations on the New York
Stock Exchange and Curb today as
members are connected with branch
Offices by leased telephone wires
which were operating as usual.
Petroleum Consumption in the
first 1947 quarter set a new all-time
record and was about 10To ahead OF
a year ago-Independent Petroleum
Association.
Cudahy Packing Co. announced
a SIS, 100000 bond issue to reflnance
its 81 first mortgage bonds will be
offered at. competitive bidding. This
will be the first time large indus
trial concern has used this method of
financing.
NJ. w. Kellogg CO., engineers and
fabricators, announced its order
backlog was at a new high of $780,
100000, assuring record d-breaking
year of operations.
Colonial Mills. Inc, stockholders
approved a 2-for-1 split in capital
stock. Profit for three months
ended February 27 set a new record
Of 81 627,e48 or s4.30 VS.. $451 900 or
$l20 year ago.
Sears Roebuck G. Co. sales for
March totaled $151, ,7l0,686, an
increase of 18G from year ago;
for two months ended March 81
S266, ,305 1886, a gain of 19eo.
Montgomery Ward & Co. in March
totaled $97.551 ,906. gain of 24%
from a year ago; in two months
ended March 81, $168, ,757, ,143, an in
crease of 26%o.
Jewel Tea Co. sales in four weeks
ended March 20 totaled s9,372, ,013,
a Jump of 614es from year ago; in
IL weeks ended the same date, s26,-
987 1886, a rise of 60.2e6.
Spiegel, Inc, sales for March
totaled s11,916,e55. rise of 24.4ao
from a year ago; for three months
ended March 81, $27,310,204, an in
crease of 36.1ga.
Lerner Stores Corp. sales in March
totaled S8,432,7 ,738. a gain of 7Td from
a year ago; In two months ended
March 81, sl4.0s3.l67, rise of 271o
Mcclellan Stores Co. sales for
March totaled s3,4s3,o23, a drop of
o.1g from a year ago, for two
months, $6,50S. .442, a gain Of i9c,
Norfolk g. Western Railway an
nual report stated that rate in
creases since the start Of 1899 had
boosted annual revenues $4,000. 900
or 129s, but that in the same period,
wage raises, payroll taxes and other
costs had boosted expenses s32,-
$4,000 annually or 50fe. Net for
le46 was $23, ,728, 900, gain of s194,-
600 from the previous year.
Chicago. Milwaukee, St. Paul &
Pacific Railroad net income for 1916
was s3,176, ,068 VS.. s14077.911 in l945,
REYNOLDS Metals Co. earned S5,-
336,5o7 or $4.94 a share in 1946 VS..
s4.396,1s7 or s4.03 in the previous
year.
National City Lines profit for 1916
was s3,o78,517 or SAIL VS.. s1.58S. .095
or s1.31 in 1945.
Murray Corp. of America earned
si,3o2,51s or s126 in six months
ended February 28 VS.. deficit OF
sei5,os4 In the previous year.
A. Stein & Co. profit for 1946 was
sl.s6s.55s or $3.50 VS.. s591,711 or
s2.54 in 1945.
McQuay-N Norris Mfg. Co. earned
sf 5n6 e26 or S461 in 1916 VS.. S657 .854
or Sits in the previous year.
e. w. Bliss Co. net income for
1896 was $I,3s6,73 or $3.50 VS.. $751;
745 In l945.
Canadian Fairbanks Morse Co
earned $751; ,655 or $8.56 in l946 VS.
$3.50 ,535 or $2.40 in the previous
year.
Lehman Corp. reported net asset
value on March 81 totaled s99 ,2s9,-
$50 or $5i.o1 q share VS.. $52.39 q
share at the end Of 1916 and $500
on June 30, 1s46.