Evening star., 1948-05-04
Business Briefs
Commercial and Industrial Fail.

Commercial and Industrial Fail
ures rose to LOG in the week ended
April %, highest in six weeks. and
compared with 100 in the previous
week and 10 in the like l947 week
Dun e. Bradstreet.
Consumption of New Rubber In
March increased about 5000 tons
over February because of the larger
number of working days. but aver
age daily consumption was slightly
lower-Commerce Department.
Southwestern Bell Telephone Co
offering of Sl00,000.000 of 35-yeaI
3ls"5 debentures was quickly over
subscribed when marketed by Nor
gan Stanley e. Co. at 1922.
Southern California Gas received
high bid of 104.356 for $4,000 OOC
of first mortgage 314 % bonds. due
1878, from Lehman Brothers and as:
sOClateS
FajOrdo Sugar Co. declared a div
ident of 81 a common share, payable
June /, raising payments for the
year ended July 81 to $3.50 VS.. Sl.25
in the previous year
Lever Brothers announced pur-
chase Of Rayve Creme Shampoo and
Hedy Wave Home Permanent from
William R. Warner Co. 1t will
market the products henceforth.
Owens-IllinOis Glass Co. has pur-
chased the Blair Veneer Co. of
North Troy. Vt. and its subsidiary
Vermont Plywood, Inc.
Coca Cola Co. profit for the March
quarter was S5,7l8233 or s139 a
share VS.. S3.449,535 or "a cents a
year earlier. John D. Goodloe, for
mer RFC chairman, was elected
secretary.
American ViscoSe Corp. earned
$7057,446 or $3.50 a share in the
March quarter VS.. S4,030,894 or $182
q year earlier.
General Public Utilities Corp. and
subsidiaries had net income of $4,-
602 1884 or 81 cents in the March
quarter VS.. S4,879. .408 or 81 cents.
Abbott Laboratories profit for the
March quarter was S3400,76S or
$l82 VS.. $3,629,78 or 81 "a.
Amerada Petroleum Corp. earn
ings for the March quarter were
equal to about 81 a share vs. S207
in the same 1947 period
Maytag Co. earned s2.123,644 or
sl.l6 in the March quarter VS.. ST.
l4l 1853 or SIS cents year earlier.
Houston Oil Co. of Texas had net
income of $l695 SOB or sl54 in the
March quarter VS.. s883,510 or 80
cents in the same 1947 period.
Colorado Fuel g. Iron Corp. earned
$l449 ,23l or SLIT in the March quar-
ter VS.. Sl.712,323 or $1.40.
Wick Chemical Co. profit for nine
months ended March 81 was So
735,ll9 or $3.50 VS.. $4,l25, ,663 OF
S29l.
Texas Gulf Producing Co. earned
Sl,074936 or Sl06 in the March
quarter VS.. $539,326 or So cents q
year earlier.
General Gable Corp. profit for the
March quarter was sl,072,799 or 4e
cents VS.. Sl,628,297 or IA cents.
Scott Paper Co. earned s664, l9l
or rs cents in the March quarter VS.
S572 272 or 65 cents.
American News Co. net for the
March quarter was S8l5,592 or g.
cents VS.. 1922 ,992 or SO cents.
Elliott Co. earned S633.862 or $l.7:
in the March quarter VS.. 1887, ,34l OF
$l10.
TechHcolor, Inc, profit for tht
March quarter was S402,750 or 4.
cents VS.. s254,7S6 or % cents in tn.
same l947 period.
Marion Power Shovel Co. earned
$386,068 In the March quarter VS.
S2ll,638 a year earlier.
American Colortype earned s96,
900 or SO cents in the March quartz
, VS.. $l97 057 or 78 cents year earlier
Federal Screw Works net incom,
for nine months ended March 3
was s435 033 or $2.36 VS.. 1915, ,72o O
$2l4.