Evening star., 1948-12-21
Business Briefs
Business Failures In the

Business Failures In the week
ended December l6 decreased to sc
VS.. 122 in the previous week, but re-
manned ahead of 81 in the like 1947
week.-Dun a. Bradstreet.
Cotton Textile Exports in 194s
will approximate $4,000, 900 yards
and 27,500, 900 pounds of yarn VS..
1,47O,141 1862 yards and 92,022, 900
pounds in l947.-Cotton Textile In
stitute. The sharp drop was said
to be the cause Of slackening mill
operations.
Steel Mill Operations for the cur
rent holiday week were scheduled
at only 1867 Of capacity, indicat-
ing production Of 1877 900 tons
American Iron Il Steel Institute
Figures last week were 1907 and
1,S02, 500 tons; a month ago, 992%
and 1,78S, 100; a year ago, S6.6%
and 1,515,400.
Iron Ore Consumption in eleven
months Of 1913 totaled 73 ,236 ,291
gross tons VS.. 73. .735 969 In the same
1S47 period.-Lake Superior Iron
Ore Association.
Cotton Spinning Operations In No
vember stood at 1885, Of capacity
VS.. 1907 in the previous month and
1867 in November, 1947-Census
Bureau.
E. I. du Pont de Nemeurs 4 Co.
stockholders Will vote at the annual
meeting next April on a plan to
split common stock 4 for /. Prof:
for 1948 was estimated at $3.50 q
share. This would equal $40 to
$3.15 on new stock.
New York Central Railroad and
two afhliated roads announced or
ders for new diesel-electric locomo-
tives totaling more than $4,000, 900
ACF-Brfn Motors Co. announced
increases IN bus prices amounting to
9S. The new prices went into effect
December !.
Hudson Motor Car Co. declared q
stock dividend of one new share for
each 20 held, payable March /; also
. regular quarterly cash dividend of
10 cents and an extra OF 10 cents,
both payable March /.
Taylor Wharton Iron q Steel Co.
declared an extra dividend of $1.50,
payable January 20, raising 1s48
declarations to $3.50 vs.. 81 20 In 1877.
Norfolk e. Western Railroad
earned s32,s25,747 or $3.50 a share
IN II months Of 194S VS.. $28, TAG ,875
or $4.97 year earlier.
nafroff EN{eo,. ~ Mt ;aaa-~ e..
IL months ended November 80 was
$10,458, 200 or $1.49 a share VS.. So.
624,136 or $1.52 in the preceding
fiscal period.
Houston Lighting & Power Co,
earned s4,709,706 or 1851 in 12
months ended November 80 VS..
$3.763,l91 or $2.75 in the previous
year.
Seegar Refrigerator Co. profit for
three months ended November 30
was $l,0fs,837 or 92 cents VS.. $780,
TT or rs cents in the same 1947
period.
Outboard, Marine 4 Mfg. ca
earned $2,011,845 or $3.50 in Il
months ended September 80 VS.. s2,-
6o5, 1872 or s4.3s in the previous year
, F. e. Myers & Bros. Co. profit
for IL months ended October 81
was $l,468,128 VS.. s1,173,517 In the
previous year.
Harshaw Chemical Co. net for Il
months ended September 80 was
$1,S67,772 or $466 vs.. $1,357, 1874 on
$4.63 in the preceding fiscal period
Magnavox Co. earned 1921 ,19e
or '$214 In nine months ended No
vember 80 VS.. $1,527 ,4s6 or sass a
year earlier.
Baltimore & Ohio Railroad ham
died 5S,50s cars of freight in the
week ended December 18 VS.. 61,746
in the previous week end 65, ,450 in
the like 1947 week.
Libbey Owens Fsfd Glass Co.
elected Stuart s. Wall and Curtis
w. Davis vice presidents.
Melville Shoe Corp. elected Lester
r. Fallo0 executive vice president.