Evening star., 1948-11-26
Business Briefs

BANK Hearings III SO 1Cdh41lS SlsACo
expanded to STATS, ,156 900 in the
week ended November "a. a gain OF
1870 from the preceding holiday
week and 80 above the like 1947
veek.-Dun & Bradstreet.
Business Loans of member banks
in leading cities totaled $l5,568, ,0O0,-
900 on November II, a drop OF $15,-
100000 from a week earlier, but
$1.286 900 900 above year earlier
Federal Reserve Board.
Retail Trade increased slightly
from the previous week in the last
week but ranged from go lower to
II higher, compared with the like
l947 week.-Dun g. Bradstreet.
Automobile Production in the
United States will drop to 83,879
this week VS.. 114,656 last week and
80,201 a year ago.-Ward's Auto
motive Reports.
Freight Loadings in the week
ended November 20 totaleo 857,492
cars, drop of 1870 from the pre-
vious week and so below the like
1947 week.-Association OF Amer
lean Railroads.
Curb Exchange Membership sold
for s15,500, a drop of $500 from
the previous sale May 18.
Southern Pacific Co. notified the
ICC it is in the market for $23, 3,62l,-
T57 of new railroad equipment and
asked authority to issue $15,740,O00
OF equipment trust certificates.
Abbott Laboratories declared an
extra dividend of IS cents and a
regular quarterly Of IS cents, both
payable January 8.
Union Pacific Railroad System
earned $56,590,165 or $1l.90 a share
in ten months ended october 81 VS..
s3e 913,512 or 1921 a year earlier.
American Smelling g. Refining
Co. net income for nine months
ended September 30 was S25.2l5,SS5
or $3.50. No comparisons for the
same 1e47 period were available.
Hiram Walker Gooderham e.
Worts, Ltd, earned s24,870,572 or
1852 in u months ended August 81
VS.. s18,S79,570 or 1854 in the pre-
vious year.
Wabash Railroad net for 10
months ended october 81 was S.
996,956 VS.. $5,978,981 in the same
1947 period.
Federated Department Stores
earned s3,972 298 or S162 in three
months ended October 80 VS.. $3,348,-
144 or $1.36 year earlier.
Dana Corp. net for IL months
ended August 81 was $11,124 449 or
SIT VS.. S8,219,568 or S523 in the
preceding fiscal period.
L. A. Young Spring & Wire Corp.
earned s874.064 or $2.07 in three
months ended october 81 VS.. 1884,
1873 or $131 year earlier.
Ohio Edison Co. net income for
IL months ended october 81 was
$7,291972 VS.. s7,234,706 in the pre-
ceding fiscal period.
Royal Typewriter Co. earned ST.
o97, 1858 or SO cents In three months
ended October 81 VS.. $973,158 or "a
cents year earlier.
Spencer Kellogg & Sons, Inc,
profit for IL months ended August
80 was s6,934,300 or $5.67 VS.. $12,-
71,154 or $l0.12 in the preceding
fiscal period.
Mead Corp. earned $3,663,819 or
$4.64 in 40 weeks ended October 8
vs.. $3,821, ,439 or s486 year earlier
Pet Milk Co. profit for nine
months ended September 80 was ST.
986,142 or s3.87 VS.. s2.511 ,586 or $532
In the same 1947 period.
Lehigh Valley Railroad earned ST.
e43,438 in 10 months ended October
81 VS.. deficit Lf s399,647 a year
earlier.
Walgreen Co. profit for - months
ended September 80 was 81 1881 or
S3.03 VS.. $4512,498 or 1929 in the
preceding fiscal period.
Columbia Pictures Corp. earned
1865 POI or 40 cents in II months
ended June 80 VS.. s3,706,54l or $5.33
tu the previous year.