Evening star., 1948-04-04
Business Briefs
World shipbuilding In 1874

Business Briefs
World Shipbuilding In ls47 to.
tailed 2,111,886 dead-weight tons ol
merchant vessels, q drop Of 1855
from the previous year, according tx
the register Of Lloyd's Of London
Britain led with LOO, 2,024 tons, Swe.
den was next with 222 $50. while the
United States was third with 164 ,84s
tons.
Automobile Production in thu
United States and Canada totalec
104,046 units in the last week VS.
107, ,284 in the previous week anc
81 1856 In the like 1947 week-Ward,,
Automotive Reports.
Cotton Textile Dealings at New
York were quiet in the week-Asso-
ciated Press. Further weakness de-
veloped in nearby print cloths and
sheetings. While some houses Of
fered goods at slight concessions
compared with the previous week
they moved slowly.
Westinghouse Electric Corp. told
employees by letter that q third
round Of wage increases cannot bs
justified because they could "only
serve to start up the infiationary
spiral once more" The union ne
gotiating q new contract has asked
for . substantial boost.
Pan American World Airways has
leased nine buildings Of the former
Miami, Fla, airport and will estab-
lish the worlds largest airline main
tenance and overhaul shops there
at a cost Of around $2,500, 900.
National Tube Co. announced its
plant broke all produc-
tion records in March by turning
out 109, 1853 tons OF insots, 87,430
tons Of blooms and 6,575 tons Of
seamless pipe.
Studebaker Corp. broke quarterly
production records by an output Of
59,l87 units In the first three months
Of 1948. March output of 81 ,22S set
a new monthly record.
Tucker Corp. has acquired all pat
ents of Secundo Campini Of Milan.
Italian scientist and inventor, who
has joined Tucker as vice president
In charge Of turbo-jet motor devel-
opment and research. The Campini
patents for turbo-jet will help to
develop gas turbine for future use
in Tucker cars.
Chicago, Rock Island d Pacific
Railroad will declare q dividend on
common stock this year for the first
time since 1881, predicted Robert
Mckinney, a new director. II the
directors do not go along on q lib
eral dividend, we will get some new
directors who will, he added.
Norfolk d Western Railway net
income for 1947 was $35, ,332 900, a
Jump Of 48.9% from 1916, while op-
Grating revenues amounted to $685.
862, 600, q new record, which was
T.seo above 1916.
Missouri Pacific Railroad reported
q net deficit of $269, ,665 for the first
two months Of 1948 VS.. net income
OF $1,670,881 year earlier. Reve-
nues totaled $33,090, ,165 VS.. $31, ,345,-
20l.
Consolidated Paper Corp. earned
50, Ill ,871 or $3.7S q share In 1947
vs.. $4,859,163 or $l.S9 in the pre-
vious year.
Seaboard Oil Co. Of Delaware
profit for 1947 was $5.941. .O02 or
$4.83 VS.. $3,000,586 or $2.43 in 194e.
Steel Co. Of. Canada earned S.
567 ,708 or $7.73 in 1s47 VS.. $2,45o ,17a
or $40 in the previous year.
Gulf States Utilities Co. net for
IL months ended January 81 was
$3,971 ,535 or $1.56 VS.. s3,4e1 ,953 or
$1.55 In the preceding fiscal period.
Consolidated Chemical Industries
Inc, earned 1891 ,534 or $12.38 on
Glass A stock in 1947 VS.. $2,3s1 427
or 1885 In the previous year.
Bayuk Cigars, Inc, net income for
1947 was $2,32s,s37 or $296 VS.. ST.
871 ,473 or $2.38 In 1916. -. IN
Natomas Co. earned $1,174569 or
$1.27a in 1s47 svs. $1,1e4,738 or s1.26
In the previous year. - a
G! n. Kinney Co. Inc, net for
1947 was $1,086,218 or 1919 VS.. ST.
zoe, ,642 or $4.79 in 1916.
Consolidated Retail Stores, Inc,
has arranged for q 81 1000, 900 loan
from Mutual Life Insurance Co. Of
New York.
Maryland Car Wheel Co., maker
OF railroad car wheels since 1899, Is
being dissolved at Baltimore. Equip-
ment has been sold to American
Brake Shoe Co