Evening star., 1949-12-08
Business Briefs

FordMotFr 06g H1s Wilson Bros 4A
Il Business Briefs
Bank Clearings in Is leading
cities rose to $13,864, 100000 in
the week ended December Z, a
jump of 23.1% from the preced-
ing holiday week, but 10 below
the like 1948 week-Dun g. Brad
street.
Automobile Production in the
United States this week will total
only 55,848 vehicles, lowest mark
since mid-1946, as q result Of
model change-overs - Automotive
News. The total compared with
67,902 in the previous week and
1876 in the like 1e48 week.
Business Loans of member banks
in leading cities expanded to s13,-
IT'S 100000 on November 80, a
gain of S3,0O0,O00 from a week
earlier, but remained s1,767 .o00,-
900 below a year earlier-Federal
Reserve Board.
Listed Stock Values on the New
York Stock Exchange on Novem-
ber 30 totaled $73,174,833,549 VS..
So. $3.50. .605,544 a month earlier.
Average price per share advanced
to $3401 VS.. 1896.
Crude Oil Production in the
week ended December 8 averaged
5,lo5 $50 barrels daily VS.. 5,l91 $50
in the previous week and 5,665. $50
in the like. 1e4s week-American
Petroleum Institute. sa~s-...s
Armstrong Cork Co. reduced
prices Of asphalt tile around 5.8%
and some linoleum prices from
~ to So.
Swift & Co. will call for re-
demption of $4,000. 900 Of out
standing debentures December %
for payment on January %. 1850.
Food Fair Stores, Inc, Of Phila-
deIphia registered with the SEC
100000 Of 15-year sinking fund
debentures. due January l, 1855.
Most of the proceeds will be ear
marked for expansion.
Continental Baking Co. declared
q quarterly dividend Of 40 cents
a common share, payable Decem-
ber %. Previous payments were
Is cents.
Chicago & North Western Rail
way directors took no action on
either common or preferred divi-
dends. No payments have been
made on either issue this year.
General Time Corr. declared a
year-end dividend Of 40 cents and
regular quarterly Of 40 cents,
both payable January 3. A stock
dividend of 10 shares for each
100 held was voted, payable jan
uary 10.
Allied Products Corp. declared q
quarterly dividend Of 40 cents a
common share, payable January 2.
A year ago, a special Of so cents
was declared along with a regular
Of 40 cents.
Brown Shoe Co. declared q spe-
cial year-end dividend Of 80 cents
a common share, payable January
3. A like special was paid in jan
uary, 1949. A quarterly Of 40
cents was paid December l and
30 cents each in prior quarters.
Felt g. Tarrant Mfg. Co. de-
clared quarterly dividend Of 20
cents a common share. payable
December 20. Prior to q 10-cent
payment in September, the COM
pany paid IS cents quarterly.
| Marine Midland Corp. declared
a quarterly dividend of 1914 cents,
payable January 3. Prior to a
quarterly payment Of 10 cents IN
october, semi-annual payments OF
20 cents were made.
Victor Chemical Works declared
a dividend of 80 cents common
share, payable December 81, rails
ing 1s4s payments to 81 VS.. $1.75
in 1948.
S.. S. Kresge Co. sales in No
vember totaled $25.573,045, a drop
of 4.79o from a year earlier; in II
months, $239, ,44s, ,698, a gain OF 40.
j. J. Newberry Co. sales for No
vember amounted to $11,779,571, q
decline of 1870 from a year
earlier; for II months, $112,29S,-
657, an increase of 1.2%.
Western Auto Supply Co. tMis-
sourD sales in November totaled
$11 ,026. 900, a rise. of $3.50 from a
year earlier; in II months, $110.-.
|970,0 900, a drop of 1.6%.
Mercantile Stores Co. sales for
November amounted to $40, ,498,-
100, a drop of 1870 from a year
earlier; for 10 months ended No
vember 30. $88,5o5.30o, q decrease
Of 6.1%.
Interstate Department Stores,
Inc, sales in November totaled
$5,857,814. a decline Of 7.9%g from
q year earlier; in 10 months ended
November 80. $40. 9.783.257. a8drop
Of 8.2%.
American Gas & Electric Co.
earned $22,157,33 or $4.76 q share
In u months ended October 81 VS..
$40, 9,9l4, ,034 or $4.28 in the previous
year.
Inland Steel Co. elected ,Neele
e. Stearns to the new Office OF.