Evening star., 1948-11-30
Business Briefs
Commercial and Industrial Fail

Commercial and Industrial Fall
ures in the holiday week ended No
vember 25 declined to 101 VS.. 126 in
the preceding full week and 70 in
the like 1947 week-Dun g. Brad
street.
venezuela's New Government will
adopt a friendly and understand
ing attitude" toward petroleum in
terests. a high official told the As
sociated Press. North American and
other foreign investments are safe, +"
he said.
Consolidated Vultee Aircraft Corp.
announced the sale of its Stinson
Division to Piper Aircraft Corp.
Convair will retain the Stinson
plant at Wayne, Mich, and Stinson
operations will be moved to Lock
Haven, Pa.
American Telephone & Telegraph
Co. announced it will receive bids up
to December on $3.50. .0O0, 900 of 25-
year debentureS, with bidders to
name the interest rate.
State of Maryland will float a
$6,695,00 construction issue shortly
Bids will be accepted on the GER
tificates of Indebtedness until De-
eember 20.
Florida Power Corp. awarded
$S.500,000 of 30-year first mortgage
3i4e. bonds to Kidder, Peabody &
Co. and Merrill Lynch, Pierce Fen
ner g. Beane on a bid of 100.560l
Reoffering is expected at 100.96 to
yield 3.2Gs.
Shell Union Oil Corp. declared a
final 194S dividend of 81, payable
December 16, raising the years pay
nents to SO VS.. s2.25 in 1947.
A. Hollander e. Son, Inc. took no
action on a common dividend. Pres
vious quarterly payments were Is
cents.
Crown Zellerbach Corp. earned
$10,266039 or 1929 a share in six
-.onthS ended October 81 VS.
9,567 ,899 or $3.40 a year earlier.
Great Northern Railway net in
come for ten months ended October
81 was S21, 1924 or $684 VS.. s16,-
58S. .466 or s5.36 in the same 1947
period
Louisville G. Nashville Railroad
earned SIS ,326,937 or $6.55 in ten
months ended October 81 VS.. $l0,-
o29, 9,724 or $42s year earlier.
American & Foreign Power Corp
and subsidiaries had net income Of
s3,403,954 or 1898 in three months
ended September 80 VS.. $2,900,177 OF
$3.35 in the same 1947 period.
Champion Paper & Fibre Co
earned $3,136,342 or $2.74 in three
months ended September 80. Com
parsons for year earlier were no
available.
Dresser Industries, Inc, estimated
1948 profit will approximate $4,000,
600 VS.. 81 4,439, 189 in 1947 and s1,037,
235 in 1916.
Chicago, Milwaukee, st. Paul 4
Pacific Railroad earned $7,570,3l8 o
s1.3e In ten months ended Octobe
81 VS.. $7,34s,73S or SIPS a yea
earlier.
Chicago < North Western Rail
way net for ten months ended Oc
tober 81 was $4,936,478 VS.. $3,072, 10
in the same 1947 period.
United States Freight Co. earne
s1,557,144 or s5.1s in nine month
ended September 80 VS.. 81, ,069, ,262 o
1886 a year earlier.
F.C. Russell Co. net for six month
ended October 81 was $842,270 @
sl.79 VS.. 1884, ,652 or $l.86 in the sam
1947 period.
Diana Stores Corp. earned 1888, ,55
or As cents in three months ende
October 81 VS.. S256,13s or 80 cents
year earlier
Baltimore g. Ohio Railroad han
died 56,041 cars of freight in tn
week ended November 81 VS.. 65,5l
in the previous week and 65,879 Il
the like 1947 week.
Mutual BroadcaSting System pro
noted Jack Paige to manager Q
program operations. He has bee
director Of special events.