Evening star., 1949-02-27
Business Briefs
Declines in Business continu

sociation of Purchasing Agents
Overall, the recession has been
moderate and orderly, the asso-
citation commented.
Building Costs for industrial,
m ercial and institutional
buildings. highways and airports
and heavy engineering projects
have reached turning point after
long rise, according to a survey
by the Associated General Con-
tractors of America. In a survey
last July. 1870 of covered firms
expected higher costs. Today
500 foresee either stabilization or
a decline.
Automobile Production in the
United States during the last week
totaled 111,446 units VS.. 109.475
in the preceding week and ia
$50 in the like 1948 week-Ward's S
Automotive Reports.
Paramount Pictures, Inc, has
arranged substantial loans for its
new theater operating and pro-
ducing companies. A new picture
company will use $11,OO0.0OO of a
loan now outstanding with New
York and Chicago banks. The
present company will use the re-
naming $6.500,000. A new loan
of $12.500.000 has been arranged
with the same banks for the the
ater company.
Dallas Power & Light Co. regis
tered with the SEC $10,000,00 of
first mortgage bonds to be sold at
competitive bidding to finance new
construction.
Missouri Kansas Texas Rail-
road will announce "a plan
ostensibly concerning its securi-
ties, within the next 80 OF so
days. said President Donald V.
Fraser.
General Instrument Corp. de-
clared dividend of IS cents a
share. payable April 2. Previous
payments were Is cents.
Public Service Co. of Indiana
declared a dividend of 40 cents a
common share, payable June /,
first cash payment since 1946.
Recent dividends have been paid
in stock of Indiana Gas a. Water
Co.
Safeway Stores, Inc. earned
$9,978,231 or $3.50 a share in So
weeks ended January l VS.. $780,
463 or $2.76 in the previous year
of 50 weeks.
Ohio Bell Telephone Co. net in
come for 1948 was S12,325.166 or
$3.50 VS.. S11.978,494 or $3.50 on
fewer shares in 1947.
Champion Paper & Fibre Co.
earned s2,622 ,697 or 1928 in three
months ended December 81 VS..
S3,136,342 or $274 in the previous
quarter.
Western Union Telegraph Co.
reported net loss Of $171.62l for
1948, after a large profit from
sale of its New York headquarters,
VS.. net income of S9,141, ,346 in
1947.
Moore Mccormack Lines earned
$8.6l7,000 or $3.50 in 1948 VS..
sl2, ,299, 900 or $S07 in the previous
year.
National Gypsum Co. net in
come for l948 was $7,9e7.s76 OF
$3.50 vs.. $5.273.12O or $3.50 in
1947.
Detroit Steel Corp. earned s4.-
909,523 or $5.45 in 1948 VS.. s4,l20,-
583 or S. in the previous year.
Addressograph Multigraph Co.
net for IL months ended January
81 was $4.665.537 or $s.ls VS.. s4.-
Sl0,752 or S6.38 In the preceding
fiscal period.
Minneapolis Honeywell Regula-
tor Co. earned S5,942, ,008 or S4.49
IN 1948 VS.. S6,693,509 or $50 In
the previous year.
Motorola, 1nc., net for the year
ended November 80 was $3,312,851
or s4.l4 VS.. $2.51o.411 or s3.14 in
the preceding fiscal period.
Follansbee Steel Corp. earned
s2,300.000 or $500 in 194s VS.. ST.
84l ,568 or 1922 in the previous
year.
Easy Washing Machine Corp.
profit for l948 was s2,462,6 ,635 VS..
$2.5o4,000 in l947. Production
will be resumed Monday after a
two-week shutdown.
American Snuff Co. earned al.
910,oS0 or $685. in 1e4s VS.. $1,O89,-
7o5 or s1.96 in the previous year.
National Acme Co. net for 1948
was $l,505.019 or $3.0l VS.. s2,2o2.-
1888 or $4.40 in 1947.
Hunt Foods, Inc, earned $685.
OBJ or AZ cents in the year ended
November 80 VS.. $2,7l4,779 or
1851 in the previous year.
Davenport Hosiery Mills, Inc,
profit for 1e48 was $l,5OO,472 or
1915 VS.. $1.193,3s2 or s6.o7 in
1947.
Cream of Wheat Corp. earned
$l,4l5,531 or s2.36 in 1948 VS..
Sl,2l8,73l or $2,03 in the previ-
GUS year.
American Broadcasting Co.
profit for l94S was S468,676 or %
cents VS.. $l,520.756 or 30 cents In
1947.
Alden's, Inc, earned S1,6O5,554
or $4.O7 in 1948 VS.. $1,06l ,O46 or
S2.52 in the previous year.
United States Finishing Co,
elected Tracy A. Adams executive
vice president.
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