Evening star., 1948-01-18
Business Briefs
Good Retail Business for the n

Good Retail Business for the mex
six months was predicted by mos
speakers at the National Retail DR..
Goods Association convention il
New York, but as to the secont
half of 194S, they kept their finger!
crossed. Most retailers thought
prices were too high and passed
resolutions urging merchants anc
the Government to combat imitation
Automobile Production in the
United States and Canada last week
totaled 108,178 cars and trucks VS.
111,276 in the proceeding week and
rs, ,166 in the like 1947 week.-Ward's
Automotive Reports.
Furniture Output is booming along
at the rate of 81 SOC, ,000, 600 annually
and may top its 1947 record.-Seid-
man g. Seidman. North Carolina
now leads the Nation in furniture
manufacture. New York has
dropped to second place.
Treasury Refunding plans were
announced to meet the February !
maturity of $3,946. $50. 900 worth of
certificates Of Indebtedness. New
one-year certificates paying 1ls%
interest will be offered in exchange
for the maturing B9o certificates.
Malayan Tin Ore Prices will be
reconsidered December 10 in London
by the British Ministry of Supply,
the Colonial Office and the Malayan
Chamber of Mines. Despite recent
increases, Malayan producers have
protested prices are too low.
Higher Anti-Freeze Prices were
announced by E. I. DUPONT de
Nemours g. Co. zerone was raised
to SIPS a gallon and zerex to $3.2S
a gallon.
Illinois Central Railroad ordered
l 900 all-steel, 50-ton coal hopper
cars from Pullman Standard Car
Mig. Co. at a cost of around
s4, ,000, 900.
Delaware, Lackawanna & Western
Railroad was authorized by the
ICC to issue $1,600,000 OF equip
ment trust certificates.
South Atlantic Steamship Co. was
granted an operating subsidy con-
tract for trade route II between
South Atlantic ports and Europe.
The Maritime Commission also ex-
tended the route to include Hamp-
ton Roads.
Lukens Steel Co. at Coatesville,
Pa. shut down operations 500 when
its natural gas supply from West
Virginia fields was cut oil as re-
suit of cold weather.
Continental Oil Co. purchased
from the Government a 100-octane
plant at Ponca City, Okla, for
S.. .125 900 and will spend about
81 900, 900 to adjust it to company
needs.
Koppers Co. has become sole owner
of Missouri Illinois Furnaces, Inc,
an Illinois corporation formed last
October / to purchase the Govern
ment-oWned blast furnace at Gran
ite City, Ill.
International Detrola Corp. has
acquired the surplus Government
electric furnace steel plant at New
port, KY, for $1,35o,0o0.
National Vulcanized Fibre Co. de-
clared a quarterly dividend OF Is
cents common share, payable
February is. Previous payments
were 20 cents.
Hercules Powder Co. estimated
that common stock earnings in l947
would equal $4.75 share VS.. s3.os
in 1946.
/ United States Leather Co. profit
T for 70 months ended October 81
Twas, $1,59s,855, after provision o.
81, 100, ,0s4, for inventory losses, VS.
Es515, 1892 in the preceding fiscal pc
riod. "sgs 3d.
Manhattan Shirt Co. earned ST.
045, ,476 or $500 a share in IL months
ended November 80 VS.. $l,l24.S5S OF
S.. 40 in the previous year.
Pennsylvania Coal & Coke Corp
net income for 1947 was $486,30S OF
$2.95 VS.. deficit of $67, $50 in 1946
Martin Parry Corp. earned $678,-
o93 or S1.50 in three months ended
November 80 VS.. $348,515 or n cents
in the same 1916 period.