Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-10-16
Business Briefs

CARLY 1ofO, anu COQCrdSUeQ WlCI
more than 21,900,0O0 turned out a
year earlier-American Iron &
Steel Institute. However, output
for nine months this year totaled
: 64,991 900 tons or only 73,7O0 be-
low the like the 1948 period.
Automobile Production will be
cut If the steel strike continues an
other week, and widespread unem-
ployment may result in the indus
try. said Wards Automotive Re-
ports. This weeks output included
121 ,614 cars and 20,281 trucks VS..
12o,5S4 and 20,448 in the previous
week and 81 1927 and 1854 a year
earlier
The Unions Drive for Pensions
may go beyond the bounds of rea-
son." warned the Cleveland Trust
Co. bulletin. Top heavy costs
could easily put too much of a
burden on the economy. The
workers real concern is to see that
the purchasing power of their pen
sions has not been lowered when
time comes to use them" the bull
letin added.
u F. L. Jacobs Co. declared a divi-
dend of 1925 on SO preferred
stock to clear arrearages on the
stock and regular quarterly divi-
dend Of 6212 cents on common
stock. both payable October 81.
The last common payment was in
January.
Chesapeake Corp. Of Virginia
declared dividend of so cents a
common share, payable November
Is. The company paid Is cents in
August and so cents each in May
and February.
Cherry Burrell Corp. directors
took no action on a common stock
dividend usually declared at this
time. The company paid Is cents
| in July.
Safeway Stores, Inc, sales in
| four weeks ended October 8 to-
tailed s92,006,7 96. drop of 81 per
cent from year earlier; in 40
weeks ended October 8. $922,318,-
| TOP, S per cent decline.
American Telephone & Tele-
graph Co. earned $55,960,OO0 or
1924 a share in three months
ended September 80 VS.. $780,
883 or 1921 a year earlier. Net
income for IL months ended Sep
TENDER 80 was $21S,050, 900 or
1924 VS.. 1892, 504,36l or 1910 in
the previous year. Bell System net
income for three months ended
September 80 was $59,460, 404 or
s2.41 VS.. $56,357,328 or s2.40.
Dow Chemical Co. profit for
three months ended August 81
was $5,957.148 or $1.04 VS.. $685.
AS or $1.15 In the same 1948
period.
Lehigh Portland Cement Co.
earned $6,427.201 or 1915 in 12I
months ended September 80 VS..
$5,093,57l or 1886 in the previous
year.
Continental Baking Co. net in
come for 10 weeks ended Septem-
Der "a was $1,205.941 or 80 cents
VS.. S1,838.131 or 1913 in the like
l948 period.
Sloss- Sheffield Steel g. Iron Co.
earned $1,79o,s 91 or $3.50 in nine
months ended September 80 VS..
Isl, 778555or 1888 a year earlier.
Alpha Portland Cement Co.. net
ncomefor IL months ended Sep
tkmber s30swas $3,305 800 or 1851
Tvs. s2,347,132 or 1898 in the pre-
.ceding fiscal period.
Sterchi Bros. Stores, Inc, earned
|$640,420 or SLOT in six months
ended August 3lsvs. $l,110,0 or
$1.86 a year earlier.
Central Hudson Gas g. Electric
Corp. net income for three months
ended September 80 was $338.179|
or Is cents VS.. $269, 284 or 10 cents
in the same 1948 period.
Helena Rubenstein, Inc, earned
$952,916 or s5.41 in IL months
ended June 80 VS.. $436, 929 or s2.14
in the previous year.
Lynch Corp. net for nine months
ended September 80 was $518,920
or $1.15 VS.. $762,767 or s1.69 in
the same 1948 period.
Bayuk Cigars, Inc, earned
$328,773 or ~ tents in nine months
ended September 80 VS.. $1,457,631
or $1.85 a year earlier.
Elastic Stop Nut Corp. profit for
nine months ended August 81 was
$319.368 or 10 cents VS.. $137.4O7
or 80 cents in the same 1948
period.