Evening star., 1949-11-18
Business Briefs

AOACy III SHCuldtAUu uCCll1lcU
to 1897 ,00o, 900 on November
16, a drop Of $131 600, 900 from a
week earlier and 1913, 900 900 be-
low a year earlier-Federal Re-
serve Board.
Freight Loadings rose to $685.
1923 cars In the week ended No
vember IL. a gain Of 9.8% from
the previous week, but remained
27.1% below the like 1948 week
Association Of American Rail
roads.
Department Store Sales across
the Nation dropped 90 below a
year earlier in the week ended
November 12-Federal Reserve
Board. For the year to date, sales
averaged SO below year earlier.
Steel Scrap Prices advanced fur
ther in the Pittsburgh district.
No. / heavy melting grade was
quoted at $34. an increase of 81
a ton.
Barnsdan ON Co. and Ogden
Corp. announced jointly that the
proposed merger Of the two COM
panies had been called OF. Ogden
Is an investment company and q
subsidiary Of Atlas Corp.
General Electric Co. declared q
special dividend Of so cents and
a regular quarterly OF so cents
both payable January IS, raising
1949 declarations to $3.50 vs.. $1.s0
in 1913.
Colts Mfg. Co. declared a spe-
cial dividend Of 50 a common
share. payable December is,
Previous payment was a special
of Sits In October. 1947.
General Portland Cement Co.
declared an extra dividend Of so
cents and q quarterly Of so cents,
both payable December Is. Pre-
vious quarterly payments were
40 cents.
Beneficial Industrial Loan Corp.
declared a 10% stock dividend on
common shares In addition to q
cash dividend Of STU cents, both
payable December 80.
Mathieson Chemical Corn. de-
clared a quarterly dividend Of
62h cents, payable December %.
Previous payments were so cents.
Chesapeake & Ohio Railway
earned $12,527,338 or $1.52 q share
in ten months ended October 81
VS.. $27,l55,795 or $3.40 a year
earlier. A net loss Of $3,170,093
in October contrasted with net
income Of $3.072,536 a year earlier
and was due to the coal strike.
New York, Chicago & st. Louis
Railroad net income for ten
months ended October 81 was
$9.184.442 VS.. $12,656,029 in the
same l94s period.
North American Co. earned $4,-
897 ,403 or 81 cents in three
months ended September 80 vs..
$2,569,080 or 80 cents a year
earlier.
Twentieth Century Fox Film
Corp. net income for 80 weeks
ended September "a was $780,
013 or $3.50 VS.. $9.119,613 or
$3.l2 in the like 194S period.
Caterpillar Tractor Co. earned
SIS, ,167.55o or 1895 in ten months
ended October 81 VS.. $S,879. 800
or $2.36 a year earlier.
Ashland OIL & Refining Co. net
income for the year ended Sep
tember 80 was $9,324,7s0 or $3.50
VS.. $7,856, ,992 or $4.67 In the pre-
ceding period.
Virginia Electric & Power Co.
earned $7,604,938 or $1.70 in IL
months ended October 81 VS..
$5,743,439 or $1.46 in the previous
year.
United Gas Corp. net income
for three months ended Septem-
ber 80 was $1.748,250 or 16 cents
VS.. $3,143,155 or 20 cents In the
same 1948 period.
Pond Greek Pocahontas Co.
earned $1,865,891 or $3.50 In nine
months ended September 80 VS..
$2,595,575 or $7.65 year earlier.
Allen b. Du Mont Laboratories,
Inc, had a profit of 81, ,676, 900 or
rs cents In 40 weeks ended Octo-1
Der 9 VS.. $1,421 900 or 10 cents
in the same 1948 period.
Ray b e t o s. Manhattan, Inc,
earned $1,162.556 or $1.85 in nine
months ended September 30 VS..
81 ,480,3 $50 or $2.36 a year earlier.
Suburban Prepane Gas Co. net
income for nine months ended
September 80 was 1903, ,467 or
81. 40 VS.. $741,244 or $1.13 IN the
same 1948 period.
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