Evening star., 1948-10-26
Business Briefs

Business Failures increased to 124
In the last week VS.. 81 in the pre-
vious week and 81 in the like 1947
week-Dun & Bradstreet.
Soeony-Vacuum Oil Co. declared
an extra stock dividend of two
shares for each 100 held and the
usual cash quarterly of Is cents.
both payable December 10.
Southern Railway declared a quar-
terly dividend of 81, payable De-
cember Is. Previous payments were
75.cents.
Norfolk & Western Railway de-
clared an extra dividend of 81 and
quarterly of IS cents, both pay
able December 10. Net for nine
months ended September 80 was
S26,691 ,667 or s4.63 share VS.. $22,-
867,448 or S395 year earlier.
International Business Machines
Corp. declared stock dividend of
So, issuable January % or soon
thereafter, and a usual quarterly
payment of 81, payable Decem-
Der 10.
United Engineering & Foundry
Co. declared a special dividend of
IS cents and regular quarterly of
Is cents, both payable November 16.
Westinghouse Electric Corp. de-
clared an extra dividend of Is cents
and regular quarterly of 25 cents,
both payable December l. Profit
for nine months ended September 80
was S33 3,546,345 or S245 VS.. $34,514,-
E96 or S253 year ago. Sales set q
rev record, but costs were higher.
Curtis Publishing Co. declared a
fVidend of S1225 on arrearages on
81 preferred stock, payable Janu-
".y l, leaving S49 share of accu-
.lulations as of that date.
Armour & Co. sold s40,0OO,00O of
~2o-year 3l2eo sinking fund de-
centures to group Of insurance
companies.
Studebaker Corp. earned $685.
724 or $3.50 share in nine months
ended September 30 VS.. s5,152,043 or
S2.l8 a year earlier.
Shell Union Oil Corp. net income
for nine months ended September
80 was SS2 1888 900 or s6.11 VS.. S38, ,676,-
876 or S2.87 in the same 1947 period.
Armco Steel Corp. earned $20,372,-
1863 or $5.07 in nine months ended
September 80 VS.. $18, 1855 1893 or $5.4O
a year earlier.
Barnsdall Oil Co. net for nine
months ended September 80 was
S9,920,556 or s4.46 VS.. s6,2S1,251 OF
$2.82.
National Biscuit Co. earned $4.-
S96.9l7 or II cents in three months
ended September 80 VS.. $4, ,788, $40 OF
90 cents year earlier.
Certain-teed Products profit 70,
nine months ended September &c
was S4,S43,039 or s2.95 VS.. S4,450, ,951
or S271.
Wheeling & Lake Erie Railwa,
earned $6,839,943 or 1888 in nint
months ended September 80 VS.. a..
$685. 1889 or $1154.
Pond Creek Pocohontas Co. me-
for nine months was S2,595,575 o.
$765 VS.. $1,372,4 or S4.04.
International Silver Co. earned
$1,803, ,467 or $4.70 in three month.
ended September 80 VS.. 81 1857 1927 o.
$3.48 year earlier.
Coleman Co. net for nine month!
ended September 30 was s2,439,0lt
or $5.94 VS.. S3,249,919 or s7.97.
Motor Products Corp. earned $3.50,
429 or $246 in three months endec
September 80 VS.. s633 ,349 or sl.62.
Food Fair Stores profit for n
weeks ended October 2 was $2.O44,
963 or Slip VS.. $2,177, 1854 or $1.27.
International Minerals g. Chem.
icals Corp. earned $786,091 or g.
cents in three months ended Sep.
tember 80 VS.. $500 900 or 80 cents.
Brunswick Bake CoIlender Co
net for nine months ended Septem.
ber 80 was $1,75s,SS4 or $3.50 VS.
$1067 ,881 or $215.
Pittsburgh Forgings Co. earned
4508,234 or $1.54 in three months
ended September 80 VS.. $213,19O OF
N cents.