Evening star., 1949-11-20
Business Briefs

Building Permits issued in 2l5
leading cities in october were val
ued at $379, $685. .052, highest mark
on record for that month, and
compared with $500, ,982,723 in the
previous month and $304.1 3,44s
in october, 1948-Dun d Brad
street.
Consumption of Iron Ore from
the Lake Superior district was cut
to 876.792 gross tons in October
when the steel strike was In full
swing, and compared with 5.541.-
1877 in the previous month and
7273,213 in the same 1948 month
Lake Superior Irone Ore Associa-
ton.
Automobile Production In the
United States last week totaled
112,154 units VS.. 111.727 in the
previous week and 114,656 in the
like 1948 week-Ward's Automo-
tive Reports. The steel strike cost
the industry II days of production
or about 475,000 vehicles.
Lumber Output is rising follow
ing the September increase in
wholesale prices-Commerce De-
'partment. Fourth-quarter ship
ments and production should ex-
ceed 1948 levels.
Short Interest in Stocks listed
on the New York Stock Exchange
totaled 2,2o6,170 shares on Novem-
ber Is, decline of 23,842 from a
month earlier. It was the first
drop since June Is.
Stock Exchange Membership
changed hands at $4,000, a rise
of $4,000 from the previous trans
fer.
Western Maryland Railway asked
ICC permission to issue $46,177,-
900 of general mortgage bonds in
connection with a bond-exchange
plan.
Central Illinois Light Co. regis
tered with the SEC plans to sell
$4,000, 900 of 30-year first mort
gage bonds to finance redemption
of $7,378, 900 of first and consoli-
dated mortgage bonds. reimburse
it's treasury and pay of outstand-
ing notes.
Ohio Edison Co. received SEC
permission to sell to underwriters
and present stockholders up to
l IA 900 shares of SO par value
common stock. Proceeds will be
used to buy control of Ohio Public
Service Co.
Ashland Oil & Refining Co. an
nounced plans for a merger with
Aetna Oil Co., subject to approval
of stockholders.
Real Silk Hosiery Mills declared
an extra dividend of 40 cents
and a regular quarterly Of Is
cents, both payable December Is.
GIidden Co. declared an extra
dividend Of 40 cents and a regu-
lar quarterly of 40 cents, both
payable January 2.
Kennecott Copper Corp. de-
clared a dividend of Is cents and
a special Of $1.50 a common share,
both payable December %, rails
ing 1949 payments to 81 VS.. IS
in 1948.
Dresser Industries, Inc, declared
a quarterly dividend of 35 cents,
payable December Is. Previous
payments were so cents.
Pet Milk Co. earned $2,765, ,267
or $5.51 e share in nine months
ended September 80 VS.. 1886, 142
or $3.87 a year earlier.
Radio-Keith- Orpheum Corp. net
income for nine months ended
September 80 was $1,919,228 or 40
cents VS.. deficit Of 1886, ,024 in the
same 1948 period.
Publicker Industries, Inc, had q
loss of 81 .487,577 in nine months
ended September 80 VS.. net income
of $2,992 ,534 or $1.18 a share in
the same period last year.
M. & M. Wood Working Co.
earned 1897 900 or "a cents in three
months ended October 81 VS..
81 .158. .049 or SO cents a year
earlier.
Eureka Williams Corp. net in
come for three months ended
October 81 was $177,10 or 38 cents
VS.. $45 .064 or 10 cents in the same
1948 period.
Hoving Corp. earned $178.378 in
nine months ended October 81 VS..
Aocn nAd =. ..eo,. .e ,.1;.,.