Evening star., 1949-10-09
Business Briefs
Automobile Production in

Business Briefs
Automobile Production in the
United States totaled 140,65 units
in the last week-Ward's Automo-
tive Reports. Included were 120,-
563 cars and 20,088 trucks VS.. 124,-
832 and 19,453 in the previous
week, and 89,376 and 1886 in
the like 1948 week.
Slab Zinc Shipments of smelters
in September dropped to 70,077
tons VS. 74.339 in the previous
month-American Zinc Institute.
Output declined to 70,392 tons VS..
1888 in the previous month.
General Motors Corp. an
nounced its Chevrolet division sold
1,O71,26 cars and trucks in the
first 9 months of 1949. Sales for
all Of 1948 totaled 1,055,433 cars
and trucks.
Eastern States Corp. won a
legal battle in Federal Court at
Baltimore when a shareholders
suit seeking to block a stock
trading plan was dismissed.
Kaiser-Frazer Corp. expects to
start assembling automobiles in a
small plant at Portland, Oreg.,
some time after next January /.
It will be the first Of a number
of small plants to be erected by
Kaiser-Frazer in various sections
of the country.
Hiram Walker Gooderham &
Worts, Ltd, declared a dividend
of so cents a common share Ca
madam funds), payable December
Is. Previous payments were so
cents.
Shattuck Denn Mining Corp.
declared a dividend of Is cents
a common share, payable No.
vember Is. This will be the first
payment this year. In 1948, the
company paid 10 cents each in
July and December.
Melville Shoe Corp. sales in
5 weeks ended October l totaled
$7,835.018. a drop of 1870 from
a year earlier; so far this year to
October /. $51,858,754. q de-
crease Of 5.7%.
Walgreen Co. sales in Septem-
Der amounted to $13,114.306. a
drop of 5.2%o from a year earlier;
in nine months ended September
80, $118,241.500, a decrease of
1870.
Grayson- Robinson Stores, Inc,
sales for September totaled So
279.654. a gain Of 3.7% from a
year earlier; for nine months, $751;
5,594, an increase of 8.7%.
Interstate Department Stores,
Inc, sales for September amounted
to $5.148,315. decline of 5.9%
from a year earlier; for eight
months ended September 80, $685.
704, 4,987, a drop of 6.9T.
A. s. Beck Shoe Corp. sales in
5 weeks ended October / totaled
$4,153, ,203, a decrease of 5.1%
from a year earlier; in 80 weeks
ended October /. $685., ,645, a
drop Of 5.4R.
Lane Bryant, Inc, sales for Sep
tember amounted to $4,052,552, q
decline Of 15.8% from q year
earlier: for nine months ended
September 80. $36,553,761, a de-
crease of 500.
Mcdonnell Aircraft Corp. earned
s1,731,832 or STAT a share in 12
months ended June 80 VS.. $1,675.-
327 or 1874 in the previous year
American Fruit Growers, Inc ,
net income for IL months ended
June 80 was $12O,655 or 80 cents
VS.. $519.369 or $1.41 in the pre-
ceding fiscal period.
Transue G. williams Steel Forx-
ings, Inc, earned $283 1892 or $2.10
in nine months ended September
oo vs.. $o4o,U4d or $4.O4 year
earlier.
Standard Oil Co. New Jersey
elected to the board, John Brice.
coordinator of production facili-
ties, and M. j. Rathbone, presi-
dent Of ESQ Standard Oil Co., a
subsidiary. They increase the
board to IA members.
Investors Diversified Services,
which recently passed into con-
troll of Allegheny Corp, an
nounced the election of Harold K.
Bradford as president of its three
affiliated companies. Robert w.
Purcell, vice chairman of Ale
ghany, was named chairman of
the boards Of the three affiliates.