Evening star., 1948-12-31
Business Briefs

SrOppageS IN Ine meLdlWOTklIlS III
dustry in 1949 'is an almost fore
gone conclusion magazine
However, executives look forward
to an active, If not record-breakine
year.
Money in Circulation declined to
$28, ,325, ,000, 900 on December %, a
drop of S235 ,000, 900 from a week
earlier and $543, ,000,000 below year
earlier-Federal Reserve Board.
Automobile Production in 1948 will
total 5,266,926 units-Automotive
News. Including 3,893.077 cars and
1,373,849 trucks, the total falls only
four days output short of the 1923
record of 5,358. 400 units. A further
increase in production of 10To was
forecast for 1949.
Freight Loadings in 1948 totaleo
1888, ,992 cars, a decline of 3.7%
from the previous year-Association
of American Railroads. In the week
ended December Is, loadings totaled
sos, ,239 cars, a drop of 1887 from
the previous week. but 1.6%o above
O year earlier.
Department Store Sales In l94S
will be 49s to So above 1948 levels
predicted Economist Walter AlWyn-
Schmidt in the January issue of De-
partment Store Economist. Earn
ings will be spotty he said.
Manufacturer Sales in Novem-
Der averaged the same as in october
on daily basis-Commerce Depart
ment. Sales were 1919 above a year
earlier. Inventories on November
80 totaled $31 100, ,O00, 600, a gain OF
$3.50, 900 from a month earlier
and $500, 100000 above year
earlier.
Gulf States Utilities Co. received
FPC permission to issue $15,000,0 ,00C
of 20-year debentures January
and about s4,500,000 of common
stock at competitive bidding to
finance construction and retire So
000, 600 of short-term notes.
Playboy Motor Car Corp. regis
tered with the SEC a new f1nanc-
ing plan involving sale of 2,0O0, ,000
shares of common stock.
Duke Power Co. notified the
Power Commission it will sell its
proposed s40,000,000 bond issue at
competitive bidding instead of pri-
vately to insurance companies.
Glenn L. Martin Co. reported un-
Allied orders on November 80 ap-
proximated $4,000, 900. Total 194e
sales will be about three times the
s23 1865 900 volume reported for 1947
No estimate Of net income was
available as yet.
National Broadcasting Co. report.
ed 1913 gross revenues were 6T
above the previous year. It's tele.
vision network expanded from foul
to Is stations in the year.
f. Rand McNally & Co. has purchased
the w. B. Conkey Co., Chicago
textbook and catalog publisher, fol
an undisclosed price.
Kennedy's, Inc, declared an extra
dividend of 40 cents and a regular
quarterly of 80 cents, both payable
January 20, raising payments fo
the year ended January 81 to 81 81
VS.. S1S0 In the previous year.
Pacific Telephone & Telegraph
Co. earned $7,497,3 ,318 or s189 a shar
In three months ended November 8
vs. $3,955,871 or 9S cents yea
earlier.
Louisville a. Nashville Railroa'
net income for II months ende
November 80 was $17,122. $50 or $7.3
VS.. $11,261 ,507 or $481 in the sam
1947 period.
:, Missouri Pacific Railroad earne
Sl1,794, 1907 in Ii months ended No
vember 30 VS.. $6,579,96s q yea
earlier.
8 st. Louis Southwestern Lines ne
for II months ended November 8
was $9,390,770 VS.. $7,122.412 in tn
same 1947 period.
We4son Oil e. Snowdrift CO
earned $1,306,241 or 81 cents in tn
quarter ended November q VS.. 81,
Sl0.602 or s1.04 a year earlier.
It Central Soya Co. profit for thre
months ended November 80 was 81,
109,681 or S1.68 VS.. s1.o76,063 or SIS
In the same ls47 period.