Evening star., 1949-11-22
Business Briefs
October Business was good, al
,hough the steel and coal strikes


though the steel and coal strikes
reduced industrial production =
Commerce Department. The Gov
ernment will spend $27, ,000, ,000. 900
on goods and services this year,
highest level for the last three
years, the department added.
There are signs that business will
get better in the months ahead.
Business Failures declined to 1873
in the week ended November II
from 222 in the previous week
and compared with 1875 In the
like 1948 week-Dun & Bradstreet.
General Motors Corp. announced
its Chevrolet division had pro-
duced 4,309,6 units since the
war and declared the total was
/ 100000 above the output Of any
other producer.
Teco, Inc. registered with the
SEC 10o, 600 shares M3 $10 par
icpmmon Stock to be oferlla ste
stockholders of Zenith Radio
Corp. at the rate of one Teco
share for each five Of Zenith
shares held. The Zenith manage
'ment is sponsoring the new COM
pany to develop Phonevision, a
subscription television system.
General Railway Signal Co. de-
clared q year-end dividend of rs
cents and regular quarterly Of
Is cents, both payable December
%.
G. C. Murphy Co. declared a
year-end extra dividend Of so
cents a common share, payable
December 10. raising 1949 pay
ments to 81 VS.. $2.25 in 1948.
Norfolk & Western Railway Co.
declared a regular dividend Of rs
cents and an extra Of 81. both pay
able December Is. The extra is
from previous years earnings,
transferred to surplus, said Pres
ident r. H. Smith.
Hinde & Dauch Paper Co. de-
clared an extra dividend Of 80
cents, payable December "a.
Cutler Hammer, Inc, declared
an extra dividend Of 60 cents and
a regular quarterly Of 80 cents.
both payable December is.
Standard Gas q Electric Co.
and subsidiaries earned $5,682, ,745
In nine months ended September
80 VS.. $3.791 ,595 . year earlier.
Philadelphia Go. net income for
nine months ended September 80
was $5,426,525 VS.. $4.662,992 in
the same 1948 period.
Duquesne Light Co. earned ST.
058,51e or $3.50 in nine months
ended September 80 VS.. $7,162,640
or $2.85 a year earlier. ~
Champion Paper & Fiber Co.
net income for three months end
ed September 80 was $1,758,551 or
$3,136,242 or $2.74 in the same
1948 period.
Colorado Fuel & Iron Corp.
earned $1,414.s32 or $1.13 in three
months ended September 80 VS..
$2,425, $50 or $2.04 year earlier.
Hilton Hotels Corp. net income
for nine months ended September
80 was $2,832,744 or $1.76 VS.. $2.-
974. .267 or $1.72 in the same 1948
period.
Middle States Petroleum Corp.
earned $2.788. 900 in nine months
ended September 80 VS.. $2.678, 900
a year earlier.
National Container Corp. net in
come for nine months ended Sep
tember 80 was Sits, ,905 or 65I
cents VS.. $5,124.469 or $1.89 in the
same 1948 period.
Northwest Airlines profit for l0l
months ended October 81 was $2,-
DOL .685 or $1.98 a share VS.. al
deficit Of $1,999.035 In, the same
period last year.
Peabody Coal Co. had q deficit
of 1891 ,092 in six months ended
October 81 VS.. net income Of ST.
516.o27 or $1,78 q share In the
same 1948 months. |
Baltimore b Ohio Railroad han
died 55,378 cars In the week
ended November 10 VS.. 44.120 in
the previous week and 65,515 In !
the like 1948 week. .
Universal Pictures Co. an
nounced the resignation Of j.
Cheever Cowdin as chairman OF /
the board, effective December 81. I
He will continue as q consultant.
Visible Grain Supply |