Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-02-10
Business Briefs

Business Failures In the week
ended February rose to 81 VS.. 81
in the preceding week and As In the
like 1s47 week-Dun & Bradstreet.
Railroad Net Income of class I
carriers in l947 totaled $480, 600 ,0Oo
VS.. an abnormal low Of S293, 900 900
in 46.-Association of American
Railroads. Net railway operating
income of $3.50, 100000, before inter-
est and rentals, represented re-
turn of 3.46% on net property in
vestments after depreciation.
First York Corp, one of the Equity
Corp. group of investment COM
panies, announced it had completed
acquisition of 10000 shares or ap-
proximately $40 of the capital stock
Of Bell Aircraft Corp. Tenders were
accepted at $18.75 a share, but no
more will be taken.
Virginia Carolina Chemical Corp.
authorized bank loan of $4,000 900
to $4,000 900 to finance purchase OF
the aralac plant of National Dairy
products Corp. at Taftville, Conn.
Paraffine Companies, Inc, placed
$12.5O0,00O of 15-year go sinking
fund notes privately through Dean
Witter & Co.
Sears, Roebuck g. Co. sales for
January totaled $156,678, SOB, Jump
of 17es from the same 1947 month;
for IL months ended January 81,
S2,112,471, 127, rise of 24.7d from
the previous year.
S. S. Kresge Co. sales In January
totaled $16,990,026, a gain Of S.1%
from January, 1947,
S. II. Kress g. Co. sales for January
totaled s1O,046,462, a drop of 6.1%
from year earlier.
Bond Stores, Inc, reported jan
uary sales of s5,282,841 were 6.7%
below the same 1947 month.
Western Auto Supply Co. mis-
souri, sales in January totaled
s7,574,OO0, a decrease of 80 from a
year earlier.
Walgreen Co. sales in January
totaled $12, 705,9 $3.50, an increase Of
$50 from year earlier.
General Public Utilities Corp. re-
ported net income of SIS, 439, 907 or
50 share in 1947 VS.. $13,627 ,460 or
$1.79 in 1916.
National Supply Co. earned So
581,S06 or $5.47 in 1947 VS.. $3,027 1886
or 81 40 in the previous year.
Beaunit Mills, Inc, profit for nine
months ended December 81 was
$4,166 $3.50 or s4.39 VS.. $4,925,212 or
s5.19 in the same 1916 period.
Portsmouth Steel Corp. earned
1884, 1863 or $3.03 a share in 1947. No
comparisons with 1916 were avail
able.
Devoe g. Reynolds Co. net for IL
months ended November 80 was
$3,0oS,245 VS.. $1,874,322 in the pre-
ceding fiscal period.
Noblitt-Sparks Industries, Inc,
earned s2,648,641 or $4.46 in 1947 VS..
$670,18 in the previous year.
Newport Industries, Inc, net in
come for 1s47 was s2,5s4,750 or $3.50
including extraordinary charges OF
$500, 900. VS.. $2.280, 1856 or $3.4l In 1916
Consolidated Cigar Corp. earned
$2.O88,561 or $752 in 1947 VS.. 81 1873,
43O or $6.57 in the previous year.
Pacific Finance Corp. profit for
le47 was 81 ,423,234 or $3.50 VS.. $780,
AS or rs cents in 1916.
Mohawk Rubber Co. earned $685.
619 or 1888 in 1947 VS.. $1,044 $3.50 in
the previous year.
Atlas Plywood Corp. has acquired
Williamstown Package Mfg. Co. OF
Williamstown, N. c., through a SUBJ
sidiary, the Marvel Package Co. OF
Laurel, Del.
Provident Mutual Life Insurance
Co. reported insurance in force at
the end Of l947 set record of ST.
264, 319 900, while assets reached a
new high of 1863 SOS, 900.
New York Curb Exchange Board
Of Governors reelected Edward c.
Werle chairman for his second con-
secutivs term.