Evening star., 1949-04-10
Business Briefs

Business Inventories on Febru-
ary % approximated s54 500, ,000,-
900, a gain of $450000. 900 from a
month earlier and s1,200.000, 900
above the November peak-Com-
merce Department. Most OF the
rise was in retail inventories in
preparation for Easter.
! Public Sale of New Securities in
March totaled $272,063,570 VS..
S166, ,100,700 in the previous
month, but was well below $379.-
902 ,767 year earlier-Investment
Dealers Digest.
Automobile Production in the
United States and Canada reached
It's highest mark since 194l this
week-Ward's Automotive Reports.
United States output included
99,745 cars and 24.852 trucks.
Canadian output included 1892
cars and 2,0D8 trucks.
Sharp e. Dohme, Inc, registered
with the SEC 208,373 shares of
no par common stock to finance
expansion, including $4,000, 900
research laboratory at West Point,
Pa.
Pacific Gas & Electric Co. filed
with the SEC a proposal to sell
500 900 shares of $25 par first
preferred stock to help finance
expansion.
Philadelphia & Reading Coal &
Iron Co. announced price cut OF
so cents a ton on most sizes OF
anthracite coal.
E. /. dupont de Nemours & Co.
reduced prices on tetraethyl lead
anti-knock compounds to 35.474
cents pound for motor and 1881
cents for aviation mixes.
Firth Carpet Co., rolled back
prices on it's rug and carpet lines
to the September 27. l948, sched-
ule. This represented an average
cut of 2l2 per cent.
J. C. Penney Co. sales for March
totaled $61 ,850,608. a drop OF 81
per cent from a year earlier; for
three months. $159.482,456, gain
of S per cent. 49,.
Walgreen Co. sales In March
amounted to $13.303.351. a decline
of 4 per cent from year earlier;
in three months, $38,855.702, an
increase of S per cent.
Western Auto Supply Co. mis-
souri) sales for March totaled So
1859 900, a decrease of 4 per cent
from a year earlier; for three
months. $22, 1904, 900. a drop OF 4.5
per cent. p.
Bond Stores. Inc. sales IN
March amounted to $8,057,489. a
decline of S per cent from year
earlier; in three months. $l9,36O,-
800, a gain of Al per cent.
Melville Shoe Corp. sales for flve
weeks ended April totaled So
20s 637, a slump of 31.2 per cent
from a year earlier; for three
months ended the same date. $l4,-
O56,353, a decrease of 1877 per
cent.
st. Regis Paper Co. estimated
net income in the first 1949 quar-
ter at 100000 VS.. $4, AGO, 900 In
the like 1948 period. Sales totaled
$34 ,9O3, 900 VS.. $40,397, 900.
Ronson Art Metal Works earned
s5 27A 552 or 50 "a in 1948 VS.. So
317,1s4 or $6.08 In the previous
year.
Coleman Co., Inc, net for 194S
was $3,200,9O5 or 7.79 VS.. $685.
TOT or $9.77 in 1947.
Cleaner Harvester Corp. earned
81 .306 1903 or 1926 in six months
ended March 81 VS.. $S66,553 or
sails a year earlier.
Horn e. Hardart Co. net income
7 for 1948 was S1,654.160 or $2.7l
VS.. $1,s31,435 or $3.02 in 1s47.
Harrisburg Steel Corp. earned
$286, ,594 or $1.56 in three months
ended March 81 VS.. $196.84s or
SLOT a year earlier.
Struthers Wells Corp. net for
three months ended February ~
was s323,841 or $2.57 VS.. s237.909
or s1.80 in the same 1948 period
Kirby Petroleum Co. earned ST.
063 OFT or $2.12 in 1948 VS.. $685.
285 or $1.16 in the previous year
Graham-Paige Motors Corp. re-
ported a deficit of s3,39l.113 to1
le48 VS.. net income OF sl23,7o7
in 1947.
American-Maize Products Co
earned s314,662 or $1.05 in 194s
VS.. ss61 ,375 or $500 in the pre-
vious year.
Starrett Corp. net for ls4s was
s211, 1898 or 80 cents VS.. s344'Sos
or 81 cents in 1947.
National Airlines had deficit
of 1902 1862 in 194S VS.. net loss OF