Evening star., 1948-12-07
Business Briefs

BUSINESS fdliuFeS III tLc Ncch
ended December increased to 126
VS.. lO1 in the preceding holiday
week and so in the like l947 week
Dun & Bradstreet.
Remington Rand, Inc. win close
its Syracuse plant in February ana
transfer its production of portable
typewriters to another plant. About
/ 900 workers are employed at SYRIA
cuse. Two other typewriter makers.
Underwood and Royal, announced
small layoffs at Hartford, Conn.
American Telephone & Telegraph
Co. received a high bid of 100.7l
for $3.50, 100000 of 25-year 3ss9s de-
bentures from group led by First
Boston Corp. and Halsey. Stuart 81
Co. Reoftering was planned at
101.6l to yield $780,. The 3s.%
coupon was the highest In several
years for A. T. & T.
Alabama Power Co. received a
high bid of 1902 109991 for $4,000, 900
first mortgage 3%s% bonds. due
1878. from Halsey. Stuart & Co.
Reoffering was expected at 102.75 to
yield 3.23G.
Sears, ROebuck & Co. sales in No
vember amounted to S225,851 $40, a
drop of 1os from year earlier; in
ten months, ending November 80,
$3.50, ,499 966, a jump of 1885, from
q year earlier.
Safeway Stores, Inc, sales in four
weeks ended November n totaled
$50 ,626,532. a drop of 2qo from a
year earlier: in 48 weeks ended the
same date, 81 .154,913. gain OF 1887.
F. w. Woolworth Co. sales for
November totaled $55 ,386, ,225, drop
of 10 from year earlier: for II
months, $5lS,345,69l, an increase
of 54s.
w. T. Grant Co. sales in Novem-
ber amounted to S2l ,925 1893, de-
cline Of 32% from year earlier:
in II months, s194,590, ,092 gain of
25os.
III. L. Green Co. sales in Novem-
Der totaled SO, 192.524, a rise of 3.7eo
from a year earlier; in 10 months
ended November 80, $7S,622,9l5, an
increase of S.3@e.
IS. S. Kresge Co. sales for Novem-
Der amounted to s26,814,797, a rise
of 4SGs from a year earlier; for
II months, $238 468.02 an increase
of 62es.
Grayson Robinson Stores, Inc,
sales in November totaled $7,l40,714
a rise of 1927 from a year earlier
in Ii month. s62, ,707, ,S4S, jump of
36.1Go.
Mcclellan Stores Co. sales for No
vember amounted to $4,695,447, a
decline of 80 from a year earlier;
for 10 months ended November 80
Sal 1898. .788, a gain Of 9:8%.
Zenith Radio Corp. has purchased
all capital stock of Rauland Corp.
Chicago manufacturer of televisior
picture tubes.
Compo Shoe Machinery Corp. has
acquired the plant and equipment
of H. g. c. Laboratories, Inc, with
an annual capacity of about 2,000, ,00(
gallons of chemical compounds.
New York Telephone Co. reported
net income of S25 ,294,284 in II
months ended october 81 VS.. S27,
634.154 in the same 1947 period.
Nash kelvinator Corp. earnet
$20,132,954 or s463 share in /:
months ended September 80 VS.
s18,097.69 or $416 in the previou
year.
Northern Pacific Railway net TO
10 months ended October 81 wa.
$7,6l7,000 or $3.07 VS.. $8,750,370 O
$3.50 in the same 1947 period.
Hupp Corp. had deficit Of $210,
489 in nine months ended Septembe
80 VS.. profit of $29,650 or cent {
share year earlier.
Bell Aircraft Corp. reported los
of $412,531 in nine months ende'
September 80. after giving effect t.
q profit of S689,779 on sale of it
Burlington, VT, plant In the sam
ls47 period the company had
deficit of $38l ,l6S.