Evening star., 1949-01-06
Business Briefs
Commercial, Industrial and Farm

SVuuuCI CA0ls AhuuStA anu L Ga h1
Loans of member banks in leading
cities declined to s15.561 100000 on
December %, a drop of S53,000.000
from a week earlier, but remained
1881, 900 900 above year earlier
Federal Reserve Board.
Crude Oil Production averaged
5,610,650 barrels daily in the week
ended January VS.. 5,640,750 in the
previous week and 5,29l,23 in the
like week a year earlier-American
Petroleum Institute.
Automobile Production in the
United States this week will total
95,01S units VS.. 79,9O0 last week
Automotive News. Output for 1948
was 5,271,674 units, including $780,
1888 cars and 1372 ,286 trucks.
Engineering Construction Con-
tracts awarded this week totaled
s124, 4,485 900, gain of 59% from the
previous week and 45To above the
like 1948 week.-Engineering News
Record.
Freight Loadings in the week
ended January totaled 584,628 cars,
a drop of 40 from the previous week
and 143Gs below the like 1947 week.
Association of American Railroads
Stock Exchange Membership sold
for $4,000, lowest mark since De-
cember 18, 1943, and down $4,000
from the last previous sale. The
1948 high was $4,000 on May 18.
Emerson Radio g. Photograph
Corp. introduced a new line, in
cluding a 16-inch direct view con-
sole television set for $599.50.
Standard Oil Co. of Ohio an
nounced it is still negotiating with
Guatemala for a contract to use oil
wells in that country. The firm
has been conducting explorations
since December, 1947, over an area
of around 100000 acres.
III. L. Green Co. sales in December
totaled s17,153,688, a gain of 80
from a year earlier; in II months
ended December 81, s95, ,776 SOB, an
increase of 8.3%e.
McCrory Stores Corp. sales in De-
cember amounted to $16,963,4 a
gain Of 3 per cent from a year
earlier; in all of 1s4S, s97 ,593, ,o42, an
increase of per cent from the pre-
. vious year.
Consolidated Retail Stores, Inc,
sales for December totaled $4,0S7, 1859,
a rise of 116 per cent from a year
earlier; for IL months, $35, ,650,075, a
! gain of 1913 per cent.
Diana Stores Corp. sales for De-
cember amounted to $2,294 ,455, a
/ Jump Of 2O.4 per cent from a year
earlier; for five months ended De-
/ cember 81, $S,539,518, rise of 239
per cent from year earlier.
Neisner Brothers, Inc, sales for
| December amounted to $l0,0S8, 1881
/ an increase of 9.8T from year
7 earlier: for IL months, $57 ,638, 1888
/ a Jump of 1917 from the previous
T year.
Miller -Wohl Co. sales in Decem-
/ Der totaled $4497,223, a gain OF
/ 1857 from a year earlier; in five
months ended December 81, S16,-
215,452, a rise of 3o.43o from yeal
earlier.
G. r. Kinney Co. sales for De-
cember totaled s4,201,0 an in
crease of 1870 from year earlier
sfor IL months, $32, ,589, 900, gain o1
I.107%o from the previous year.
= Reliance Electric g. Engineering
Co. earned $1,617,268 or s7.7S a
share in IL months ended Octobe,
/ 81 VS.. $1,536,814 or $7.53 in the pre-
tvious year.
Timely Clothes, Inc, net income
for II months ended October 81 was
S516,277 or $3.50 VS.. $617,672 or $441
in the preceding fiscal period.
American Express Co. elected
] Norman F. Page and Robert r
Mathews vice presidents.
/. Sylvania Electric Products, Inc.
appointed Terry p. Cunningham
advertising and sales promotion di-
rector.