Evening star., 1949-12-12
Business Briefs

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States companies totaled $463.-
500, 900 in October. a drop Of go
from the same l948 period-Com-
merce Department. Payments in
three months ended october 81
amounted to $1,378, SOC. 900. q gain
Of 10 from a year earlier.
Wool Production in the United
States next year will remain far
short of domestic needs at about
259. 900. 900 pounds. same as this
year - Agriculture Department.
Consumption of apparel wool this
year is expected to approximate
800. .000.0 900 pounds. Prices for
domestic wool may be a little
lower next year. the department
reported.
A. M. Byers Co. management
faces q proxy battle in the elec-
ton Of ofncer January 26.
Spokesman for an independent
stockholders group denied plans
to gain control. but said the group
wanted broader representation on
the board.
Chrysler Corp. announced 1t has
increased its metal stamping
capacity $50 for production of
new models. A new press plant
has been completed at the edge
Of Detroit.
Mahoning Valley Steel Co., a
subsidiary Of General Electric, an
nounced an immediate $10-a-ton
increase In prices Of all its prod
ucts as a result Of higher costs.
Ward Baking Co. has purchased
the LaNasa Baking Co. of New
/ Orleans for an undisclosed price.
The purchase gives Ward Baking
20 plants in the South, East and
Midwest.
American Can Co. has sold
plants at Toledo. Ohio. and At
lanta, Ca, to j & j Steel Barrel
Co., a subsidiary Of Jones & Laugh
lin Steel Corp. J & ] will take
over the can company's galvanized
ware and heavy steel container
business.
General Bronze Corp. declared
an extra dividend~of 20 cents and
a regular quarterly Of 20 cents,
both payable December 20. A
similar extra was paid in Decem-
ber, 1948.
Pennroad Corp. sent to 81, 400
stockholders checks in payment of
a 50-cent dividend and announced
a similar dividend will be payable
June IL. 1850. Starting next year
dividends will be on semi-annual
rather than an annual basis.
Morrison Knudsen Co. declared
an extra dividend Of 80 cents a
common share. payable January
l20. The worldwide construction
firm has completed $4,000, 900
of projects this year. including
| $84, 700, ,0c0 in the United States
and Alaska.
Thrifty Drug Stores Co. ordered
a dividend of 1s of share of
Brea Co. stock for each share Of
Thrifty common, payable Decem-
ber %. Scrip will be issued for
fractional shares.
Minneapolis & st. Louis Railway
declared a dividend of Is cents a
common share, payable Decem-
ber 20, raising 1949 payments to
81 VS.. $1.25 in 1948.
Ell Paso Natural Gas Co. earned
$4, ,485, ,316 or $1.90 share in the
year ended October 81 VS.. $5,247,-
996 or 1927 in the previous year.
York Corp. net income for the
year ended September 80 was
81 1,617.179 or $1.35 VS.. $3,150,862
or So in the preceding fiscal year.
Lane Bryant, Inc, earned $685.
900 or $l.54 a share in nine
months ended October 81. Com
parsons for a year earlier were
not available.
McCann Erickson, Inc, New
York advertising agency, elected
four women vice presidents: Al
berta Hayes. Dorothy McCann,
Florence Richards and Margot
Sherman. The agency has never
had q woman vice president be-
fore.
National Retail Dry Goods Asso-
citation announced the appoint
ment of Willard H. Campbell as
chairman of the sales promotion
division.
Universal Oil Products Co. elect
ed M. p. Venema vice president
and George A. Bockman treasurer.
Susquehanna Hills, Inc, elected
Sydney M. Newbold and Peter n.
T0nze viro YarAsidants