Evening star., 1947-11-16
Business Briefs
Enrineerinx Construction AwArl

Engineering Construction Awards
for the week ending November i5
rose to $l59, ,327 900. q Jump OF o4b
from the preceding week and 42%
above the like 1916 week-Anginee5-
ing News-Record. The latest total
was the highest in five weeks.
Automobile Production in the
United States and Canada last week
climbed to 08,235 units VS.. 1O6,6H
in the preceding week and s4,425 IA
the like 1946 week-Ward's Auto
motive Reports. It was the second
best weekly mark since the war.
New Corporate Issues offered for
cash in August amounted to $24S,-
000, 900, lowest mark since NoveH-
Der, 1945-Securities and Exchange
Commission. a,r
Newspring Output In North Amer
lea for October totaled 502, ,874' tons
VS.. 476, ,265 in the same 1s46 month
Service Bureau. Stocks
on October 81 totaled 146,5 $50 tons
VS.. 203,575 year earlier.
Seaboard Air Line Railroad de-
clared a dividend of 2a% on 5%
preferred stock, series A, out Of
earned surplus for the calendar year
1916. 1t is payable January 2.
Equitable Life Assurance Society
announced q new schedule Of premi-
ums on life insurance policies based
upon a revised mortality table. The
changes, affecting new policies only,
are effective Immediately.
United Engineering & Foundry
Co. received q $4,000, 900 order for
rolling mill equipment for the Brit
ish steel expansion program.
Continental Oil Co. presidency will
be offered to Leonard r. McCollum,
co-ordinator Of production activ-
tiles for Standard Oil Co. Of New
Jersey, the Herald Tribune reported
at New York. Mr.. McCollum would
succeed Dan j. Moran, who has been
urged to relinquish active duties be.
cause of Ill health, the Herald Tri-
bune said.
General Motors Corp. reported its
truck and coach division broke all
previous production records, by de-
nvering 671 motor coaches IN 90
tober. Previous records were b37 IN
July and Sl2 In May.
North American Light D Power
Co. registered with the SEC no..
500 shares of Northern Natural Gas
Co. common stock for sale at com.
petitive bidding. Proceeds VIII bs
used to retire Light & Power pre-
ferred held by others than North
American Co.
American Tobacco Co. earned
So, ,256, 900 or $1.39 . share tn three
months ended September 20. No
comparisons with year earlier were
available.
United Gas Corp. net income for
II months ended September 20 was
$15,01O,514 or $1.41 VS.. $11 ,373,2 Or
SLOT in the preceding fiscal period.
Columbia Gas o. Electric Co.
earned $16,628,570 or, $l.36 IN II
months ended September 80 VS..
$14261, ,671 or SLIT in the previous
year.
Midland Steel Products Co. earned
$2,351, ,4S7 in nine months ended
September 80 vs.. $1,O67, ,e88 . year
earlier.
johnson 4 Johnoon profit for nine
months ended September 30 was
s., ,450, 900 or $2.S5 vs.. $5,262, 900 or
81. 2.7s in the same 1916 period.
Sunray OIL Corp. earned IS $685.
SIT or $1.33 in seven months ended
July 81. No comparisons with
year earlier were given.
Timken- Detroit Axle Co. profit for
three months ended September 30
was 80 1872 623 or $110 VS.. $s4s, ,907
or 43 cents In the same 1946 period.
Diamond Match Co. net for nine
months ended September so was
$2,706,52o or $2.37 vs. sl,seo,772 or
$1S2. t
Superheater Co. earned &i.1S0,-
065 or $1.36 In nine months ended
September 80 vs.. 81 ,4s0, ,326 or $1.71
a year earlier.
Thermoid Co. profit for nine
months ended September 30 was
$610,974 or II cents VI. 1887 .1z9 or
$131 in the same ls46 period.
Puget Sound Pulp d Timber Co.
net income for nine months ended
September 80 was So, ,542,603 or 1884
VS.. $784,622 or $225 In the same
1916 period.
Ashland Oil & Refining Co.
earned $2,s9s,0 ,03s or $2.a2 In IL
months ended September 80 vs.. ST.
325, ,139 or $119 in the previous year.
First National Stores profit for
three months ended September ~
was $1,567, ,488 or $191 VS.. $1.465, ,59S
or $1.79 in the same 1916 period.
Alden's Inc, earned $5l8,415 or
Sill in 40 weeks ended October 3
VS.. 1,588, 1856 or $431 year earlier.
Chirnno iyesfork