Evening star., 1949-12-13
Business Briefs
LIST INCLUDES ONLY SELECTED lss,
Business inventories on o.

DuSlHcSS AHVcHtOTlcS on OcCO.
ber 81 approximated SIS, zoo, ,000,-
900. gain of 100000, 600 from
a month earlier, but about $780,
100000 below normal for the sea-
son.-Commerce Department.
Iron Ore Shipments on the
Great Lakes totaled 77.711,815 net
tons for the season to December l
VS.. 92,328.850 in the same period
last year.-Lake Carriers Associa-
ton. Coal shipments totaled 49,
954,770 tons VS.. 52,619,974.
Business Failures declined to 191
in the week ended December 8
from 221 in the previous week, but
remained well above 1872 in the
like 1948 week.-Dun & Bradstreet.
Sharp & Dohme, Inc, registered
with the SEC 171,816 shares of
no-par cumulative preference stock
to be offered in exchange for out
standing $3.50 cumulative con-
vertible preference stock at the
rate of three new shares for each
four held.
Minute Maid Corp. and associ-
ated interests have purchased the
4 4,700-acre Florida citrus holdings
of Di Giorgio Fruit Corp. for an
estimated $5,000,000.
Cuban Atlantic Sugar Co. direc-
tors voted to redeem all outstand-
ing so preferred stock on Janu-
ary 13 at SLOT a share plus divi-
dends accrued from January l.
Motor Wheel Corp. declared q
special dividend of 60 cents a
common share, payable December
20, lifting 1949 payments to $3.50
VS.. 50 in 1948.
Sterchi Bros. Stores ordered a
quarterly dividend of 80 cents a
common share, payable March 10.
Previous payments were Is cents.
The company paid an extra Of so
cents a year ago.
Home Insurance Co. announced
an increase in the annual dividend
rate to $1.60 from 81 40 paid previ-
ously. A semiannual payment of
80 cents will be made February l.
Barker Bros. Corp. declared a
regular quarterly dividend of SO
cents a common share, payable
December 81. The company paid
SO cents extra in December, 1948.
Kroger Co. sales in four weeks
ended December 3 totaled $63, ,300.-
1872, a drop of 40 from a year,
earlier; in 48 weeks ended the
same date, $743.122,244, down a
fraction Of 10.
Joseph E. Seagrams & Sons
earned $40, ,408, ,752 in three months
ended October 81 was $9,040,567
a year earlier.
Bell Telephone Co. of Pennsyl-
vania net income for 10 months
ended October 81 was $9,030.567
VS.. $10,552,216 in the same 1948
period.
New England Telephone & Tel
egraph Co. earned $8,970,90 in
10 months ended October 81 VS..
$5, ,951 1852 a year earlier.
Western Union Telegraph Co.
had a deficit of $4,743, 1892 for 10
months ended October 81 VS.. a loss
of $1,712,092 In the same 1948
period. \
Canada Dry Ginger Ale earned
$2,183,887 or $1.04 a share in the
year ended September 80 VS.. ST.
701,273 or $1.31 in the previous
year.
Seaboard Finance Co. profit for
the year ended September 80 was
$2,153,224 or $2.10 VS.. $2,053. .568
or $2.05 in the preceding fiscal
period.
Cessna Aircraft Co. earned
$299, 1886 or 43 cents a share in
the year ended September 80 VS..
$52,89 or 70 cents in the pre-
vious year.
Baltimore & Ohio Railroad
handled 54.322 cars of freight In
the week ended December 10 VS..
|53 ,237 in the previous week and
,746 in the like 1948 week.
General Motors Corp. an
|nounced the retirement of o. w.
Young as executive assistant tol
the general manager Of the Buick
Motor Division.