Evening star., 1949-11-15
Business Briefs

Businesx FaiIures increa

Business Failures increased to
222 in the week ended November
10 VS.. 1876 in the preceding week
and SO in the like 1948 week
Dun g. Bradstreet.
Steel Mill Operations for the
current week were scheduled at
$40 of capacity, indicating pro-
duction of 995, 500 tons-American
Iron & Steel Institute. Figures
last week were 21%o and $4,000
tons; a month ago. $50 and 172,-
600; year ago, 996 and 1884,
500. It will be midweek before all
United States Steel Corp. mills
reopen following the strike.
Money in Circulation totaled
$27, ,404, ,888. .668, equivalent to
$182.58 per capita on October 81
VS.. $182.88 per capita a month
earlier and $lgo88 a year earlier
Treasury Department.
Steel Scrap Prices advanced at
Pittshurgh NO l heavys naeIHh8
scrap was quoted at $32 a ton, a
So increase. Buying was light.
Consolidated Gas, Electric Light
& Power Co. of Baltimore replied
to Halsey. Stuart & Co. that the
company's interest could be best
served by, sale Of its $40, 200, 900
bond offering to institutional in
vestors. Halsey. Stuart had urged
the company to sell the bonds at
competitive bidding rather than
privately.
Safeway Stores, Inc, sales in
four weeks ended November S to-
tailed SOL ,657. 1897, a decline of so
from year earlier; in A weeks
ended November S. $1,0l3,976,589,
a drop of 49,.
Kroger Co. sales in four weeks
ended November amounted to
$62, 1877. 1888, a drop of 2.5% from
a year earlier; in A weeks ended
the same date, $679. 1854 ,026, a gain
Of .19sa from a year earlier.
Schenley Industries, Inc, earned
$24, ,242, $50 or $6.73 a share in the
year ended August 81 VS.. $29, ,524.-
1865 or $500 in the previous year.
Consolidated Natural Gas Co.
net income for nine months ended
September 80 was $9,329,914 or
|$2.85 VS.. $10.102.311 or $500 in
the same 1948 period.
Columbia Gas System earned
$685. ,841 or 81 cents nine months
ended September 80 VS.. $3.50, ,227
or 80 cents a year earlier.
Electric Auto-Lite Co. net in
come for nine months ended Sep
tember 80 was $7.330,652 or $4.90
VS.. $7,828,374 or 1924 in the same
194S period.
New England Telephone & Tele-
graph Co. earned $7,320.378 in
nine months ended September 80
VS.. $5,36l ,030 a year earlier.
M. Lowenstein & Sons, Inc,
profit for nine months ended Sep
tember 30 was $2,907, ,629 or $2.83
VS.. $10.131 ,967 or $500 in the same
1948 period.
Honolulu Oil Corp. earned $5,-
433. .943 or $3.50 in nine months
ended September 80 VS.. $11,094,-
029 or $11.83 a year earlier.
Northern Natural Gas Co. net
income for nine months ended
September 80 was $4,757,271 or
$1.95 VS.. $4,418.o49 or $2.18 in the
same 1948 period.
McCord Corp. earned $2,139,073I
or $3.50 in the year ended August
81 VS.. $2,608,235 or $6.55 in the
previous year.
Textiles, Incorporated, net in
come for the year ended Septem-
ber 80 was 81. 1.290,437 or $2.15 VS..
$1.a14,177 or $3.10 in the preced-
ing fiscal period.
Birdshoro Steel Foundry & Ma
chine Co. earned $2s6.s47 or $l.44I
in nine months ended Septemberl
80 VS.. $37,740 or 10 cents a year
earlier.
Powdrell & Alexander, Inc, had
a deficit Of $372,251 in nine /
months ended September 80 VS..
net income of $1,506.735 or $2.51
in the same 194e period.
Income Of individuals in Sep
tember dipped as a result of lower
farm priceS-Commerce Depart
ment. The months income slipped
to an annual rate of $210,800,-
900, 900 VS.. $211 .400, ,000, 900 In the
previous month and an annual
rate Of $216.3oo. .0oo. 900 in Sep
tember. 1948.
American Brake Shoe Co. ap-
pointed Harry c. Platt and VIII :
liam n. Starbuck vice presidents.
N