Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-12-27
Business Briefs
Television Receiver Product

Television Receiver Production
by members Of the Radio Manu-
facturers' Association set a record
OF 414,223 sets in November and
raised the 11-month total to
2,121 1886 sets. This indicated the
entire industry turned out some
100000 sets in the II months.
More than 100000 sets have been
produced since the end Of the war.
Deposits in Mutual Savinxs
Banks totaled $19,065 ZOO, 900 on
November 80. gain Of $s2, 900 900
from month earlier. In the same
1948 month there was a gain of
SIS. 100000. Except for February,
there has been a gain in every one
|of the last IL months.
Detroit Gasket e. Mfg. Co. de-
clared an extra dividend of 1917
cents a common. share and q
regular quarterly of 121a cents,
both payable January Is. No
extras were paid in previous years.
Glenn L. Martin Airplane Co.
sold its Chemical Division to
United States Rubber Co. The sale
includes the gainesville, Ohio,
plant; Baltimore laboratory equip
ment. patents and the trade name
Marvinol.
Empire Steel Corp, owned by
Studebaker Corp. since December,
1947. has been sold to the Rema
Co. of Dover. Ohio. for a reported
price of 100000 Rema is new
company formed by officials OF
Empire Steel Corp. and Reeves
Steel Corp. of Dover.
Seaboard Finance Co. will offer
100000 shares Of convertible Gu
mulative preferred stock, with no
par value but with a stated value
OF $25, about January 10.
Atchison, Topeka & Santa Fe
Railway earned $45,610,583 or
$l6.45 a share in II months ended
November 80 VS.. $5S,175,986 or
$21.62 q year earlier.
Illinois Central Railroad Sys-
tenn had net income Of 1885,, 6l3
or 1884 in II months ended No
vember 80 VS.. 1857, $40 or $12.95
in the same 1913 period.
Wabash Railroad earned 81
248.484 in II months ended No
vember 80 VS.. $e,s0s,42s a year
earlier.
Gulf, Mobile & Ohio Railroad
net income for II months ended
November 80 was $3,694, 1886 VS..
$7,753.500 in the same 1913 period.
Western Maryland Railway
earned $685., 075 in II months
ended November 80 VS.. 1862
1872 a year earlier.
Delaware d Lackawanna Rail.
road net income for II months
ended November 80 was 81 1897. 1876
|or SLIP vs.. $5,530,751 or 1927 in
the same 1948 period.
Kaiser Aluminium & Chemical
Corp. earned $2.s1s.022 or 81 .0s in
three months ended November 30
VS.. $3.00s.6s9 or $1.15 a year
earlier.
South Puerto Rico Sugar Co.
profit for the year ended Septem-
Der 80 was $5,631,375 or $7.O1 VS..
81. 600, 670 or $6.9S in the preced-
ing fiscal period.
Roeser & Pendleton, Inc, earned
4$1.8l6.467 aor $4.19 in the year
ended September 80 VS.. $1,732, 433
or 81 Id Chs previous year.
n FIorsheim Shoe Co. net income
for the year ended October 81 was
$1.444.926 vs.. $1.515,586 in the
preceding fiscal period.
Mid Continent Airlines. Inc.
earned $328,514 or 50 cents In ii
months ended November 80 VS..
s97.246 or Is cents a year earlier.
Ryan Aeronautical Co. net In
come for the year ended October
81 was $346,674 or 90 cents VS..
1886, 603 or 80 cents in the preced-
ing fiscal period.
Duro Test Corp. earned So, 1894
or % cents in three months ended
October 81 VS.. $90.456, or 40 cents
a year earlier.
Hamilton Watch Co. elected
Lowell H. Halligan vice president,
sales manager and q director.
Carrier Corp. elected o. w. By
mum vice president and named
him to succeed Arthur P. Shank
lin as head Of the sales division.
Mr.. Shanklin has been placed In !
charge Of the stan division.