Evening star., 1949-07-03
Business Briefs
DEPARTMENT Store Inye,


on May 81 approximated $897,-
100000. a drop of 10000. 900 from
month earlier and $4,000, 900
below a year earlier-Federal Re-
serve Board. The lower total was
achieved despite tagging sales. the
board declared. Outstanding store
orders were estimated at $210.-
600, 900 on May 81. down $26, ,000.-
900 from a month earlier and
$178, 600, 900 below a year earlier.
Automobile Production in the
United States and Canada declin-
ed to 146,188 units last week VS.. q
20-year high of 153,001 in the
previous week-Ward's Reports.
Bituminous Coal Output ap-
proximated 11,785, 900 tons in the
week ended June 25 VS.. only g.
100000 in the previous week when
miners were on their "stabilizing"
walkout-National Coal Associa-
ton. Output for the year to date
reached 254,4s3, 900 tons VS.. 1884,
10000 a year earlier.
Owens Illinois Glass Co. an
nounced it had prepaid $15.000,-
900 of 3-year. 112% notes, due
October 27. 1850. This reduces
the company's long term debt to
$25, 900 900.
Michigan Bell Telephone Co.
received permission of the State
Public Service Commission to
raise intra-state call rates. The
increase is expected to add $4.-
100000 to annual revenues.
Nonquitt Cotton Mills, at New
Bedford. Mass, will be closed per-
manently between now and Au-
gust. Around $50 workers will
lose jobs. A company official
blamed the lack of business and
uncertain prospects.
Kalamazoo Stove & Furnace
Co. directors took no action on a
common stock dividend due Au-
gust l. The company has paid
25 cents quarterly since May,
1948.
Great Atlantic & Pacific Tea
Co. earned $38.661.751 or around
$17.66 share in IL months ended
February % VS.. $39,796.103 or
about $18.21 in the previous year.
American Power & Light Co.
net income for three months
ended March 81 was $7,552,851 VS..
S6,992,123 in the same 1948 Pc
riod.
st. Louis Southwestern Lines
earned $3,281,885 or $16.69 in five
months ended May 81 VS.. $4,056,-
091 or $21.19 a year earlier.
Denver g. Rio Grande Western
Railroad net for five months
ended May 81 was $1,534,782 or
$244 VS.. $2,s30,232 or $6.12 in the
same 1948 period.
American-Marietta Co. earned
$244,282 in six months ended May
81 VS.. $590,423 a year earlier.
Gar Wood Industries, Inc, profit
for six months ended April 80
was s228,227 or Is cents VS.. ST.
335, ,145 or $123 in the same period
last year.
Wilson Jones Co. earned 1884,
600 or 96 cents in nine months
ended May 81 VS.. $658,000 or
$2.23 year earlier.
Wayne Pump Co. had a deficit
Of 01,938 in six months ended
May 81 VS.. profit of $128,640 or
A cents in the same period last
year.
Carnegie Illinois Steel Corp.
elected w. A. Walker vice presi-
dent. accounting. and a director.
New York, Chicago & st. Louis
Railroad appointed Eugene M.
Smith vice president and general
counsel.
Melville Shoe Corp. appointed
Lafayette A. Tremblay general
manager of the Thorn Mean shoe
store chain, owned and operated
by Melville.
General Motors Corp. an
nounced the appointment of
George H. Willis as director Of
its patent section.
American Car e. Foundry Co.
elected James F. Clark treasurer
to succeed Lester A. Blackford.
who will retire after A years of
service.