Evening star., 1948-11-07
Business Briefs
Still Higher Copper Prices

SsAA uAShCE SUpYCT 1EtCCS al
feared by consumers, according to
trade reports from New York.
Shortage of the metal was declared
growing worse Phelps Dodge is
taking December business only on
the basis of the prevailing price on
date of shipment.
Freight Car Deliveries in October
totaled 1894 VS.. 9,753 in the previous
month-American Railway Car In
stitute. Deliveries in 10 months
totaled 93,084 VS.. 50,040 in the same
1947 period. Unified orders on
November / totaled Ill ,405 cars VS..
108, ,907 q month earlier and 125, ,625
a year earlier. .
Oklahoma Gas g. Electric Co.
registered with the SEC $500, 900
of first mortgage bonds to be sold
at competitive bidding to finance
expansion.
Alabama Power Co. registered
with the SEC $12,000,00o of first
mortgage bonds to be sold at COM
petitive bidding to finance construc-
tion.
Yale & Towne Mfg. Co. stock
holders will vote December Is on a
proposed increase in authorized
capital stock to 686,656 shares from
4s6,656.
Aluminium Co. Of America declared
a dividend of so cents, payable
December 10.
American Chicle Co. declared an
extra dividend of Is cents and
regular quarterly of so cents, both
payable December 10.
Gulf Oil Corp. declared a quar-
terly dividend of rs cents, payable
January /, and a special dividend
of one share of Texas Gulf Sulphur
Co. stock for each IS shares of Gulf
Oil held, payable December 20.
w. A. Sheaffer Pen Co. declared
an extra dividend of 20 cents and a
regular quarterly of 10 cents, both
payable November 26.
Sears, Roebuck g. Co. sales in Oc-
tober totaled 1921 ,967 ,544, a gain of
1870 from a year earlier; in nine
months ended October 81, $1,754,-
648,056, an increase of 300.
Lerner Stores Corp. sales for Oc-
tober amounted to $11,312,293, a.
Jump of 24.79o from a year earlier;
for nine months ended October 81,
$89, ,673,375. rise of 1857.
Diana Stores Corp. sales in Octo-
Der totaled $1,83S0S0, a jump of
32.4%s from a year earlier; in three
months ended October 81, $4,694, ,738,
an increase of 28%.
Miller Wohl Co. sales for October
amounted to $3,40S,880 a rise of
46.19o from a year earlier; for three
months ended October 81, $8,672, ,472,
a gain of 4299s.
American Gas & Electric Co.
earned $19,869, ,434 or $427 a share
in IL months ended September 80
VS.. s1S,116,638 or 1888 in the previous
year.
Package Motor Car Co. net income
for nine months ended September
80 was s9.488336 or 63 cents VS..
a deficit of S131 ,478. in the same 1947
period.
Abbott Laboratories, Inc, earned
$8,646 200 or S4.62 in nine months
ended September 80 VS.. $8,494,554
or S4.54 year earlier.
Northern States Power Co. Min
nesota) net for nine months ended
September 80 was S7,284, ,766 VS..
S7,346.728 in the same 1947 period.
Equitable Life Insurance Co. of
iowa elected Joseph M. Dodge TO-
the board. He Is president Of the
Detroit Bank.
Thompson Products, Inc, net for
nine months ended September 80 was
$3:621 .345 or $762 VS.. 1892, ,103 or
$6S in the same 1947 period.
Timken-Detroit Axle Co. earned
1927, ,458 or 43 cents in three months
ended September 80 VS.. $685., ,623 or
$1.10 year earlier.
Nehi Corp. profit for nine months
ended September 80 was $1,054,943
or $1.02 VS.. 81, ,388.316 or $1.35 in the
some 1s47 period.
New York Stock Exchange COVER
nors approved three-year extension
Of Emil Schram's contract as presi-
dent Of the exchange.