Evening star., 1949-12-18
Business Briefs
Building Permits issued in

Building Permits issued in 215
cities during November were val
ued at $309,757.155. a seasonal
drop of 1857 from the previous
month. but remained $50 ahead
of the same 1948 month-Dun &
Bradstreet. In II months this
year the total of $3.608. 450.884
was TO below a year earlier.
Automobile Production in the
United States included 61.536 cars
and 1883 trucks in the last week
VS.. 36.613 and 10,054 in the previ-
GUS week and 90,997 and 26,048 in
the like 1948 week-Ward's Auto
motive Reports.
Bituminous Coal Output in the
week ended December 10 approx
mated 100000 tons VS.. 9,250,000
in the previous week and 12.249.-
900 in the like 1948 week-Nation-
al Coal Association.
Stock Exchange Membership
changed hands Friday for $45. 900,
same price as for the last previous
transaction. Memberships now
are quoted at $4,000 bid and
$48, 900 asked.
Midwest Stock Exchange de-
cided to issue its final Is member
ships and reported that eight Of
them were purchased Immediately
for $4,000 each.
Jones & Laughlin Steel Corp.
has bought the Fruehauf Trailer
Co.'S Chrysler road plant at
Kansas City. Kans.
Dresser Industries, Inc, maker
Of heavy oil and gas field equip
ment, announced it will move its
headquarters from Cleveland to
Dallas. Tex, next April.
Beneficial Industrial Loan Corp.
declared an additional stock divi-
dend of 21z% on the common.
payable December 80. Scrip will
be issued in lieu of fractional
shares.
Philadelphia Co. declared a divi-
dend of Is cents a common share,
payable January 20. The company
paid is cents each in three previ-
GUS quarters.
Middle States Petroleum Corp.
declared a dividend Of Is cents on
class B stock. payable January II.
Previous payment was so cents on
December %. l948, only declara-
ton Of that year.
Cudahy Packing Co. reported q
deficit of $4,650,382 in the year
ended October 20 VS.. profit of
$1,012.737 or 36 cents a share in
the preceding fiscal period.
Caterpillar Tractor Co. earned
$17,153,881 or $4.46 a share in II
months ended November 80 VS..
$11, ,199.7 .702 or $2.98 q year earlier.
Oklahoma Natural Gas Co. net
income for IL months ended Oc-
tober 81 was $3.961 .0o8 or 1920
VS.. s4,190,436 or $34l in the pre-
ceding fiscal period.
Cuban-American Sugar Co.
earned $2,772,476 or $3.01 in the
year ended September 80 VS..
$4, ,098 .604 or $4.27 in the previous
year.
Lake Shore Mines, Ltd, net in
come for three months ended
September 80 was $365.072 or 18
cents VS.. $2e5 1865 or Is cents in
the same 1948 period.
Veeder- Root, Inc, earned $943,-
302 or 1927 a share in A weeks
ended November 6 VS.. $1.079.450
or $3.50 in the like 194s week.
Consolidated Coppermines Corp.
had a deficit of $212,440 for nine
months ended September 80 VS..
profit of $205,063 or 13 cents a
share in the same 1948 period.
United Engineering & Foun-
dry Co. announced the appoint
ment Of G. G. Beard as executive
vice president.
Maryland Casualty Co. elected
to the board Roger j. Whiteford,
Washington attorney. He Sue
ceeds the late Ashton Dovell of
Williamsburg, Va.
Hudson Motor Car Co. appointed
George r. Browder director of ad-
vertising and merchandising to
succeed M. M. Roberts, who will