Evening star., 1949-10-11
Business Briefs
Business Failures In the

Business Failures In the week
ended October 6 totaled 1872 VS.. 181
in the previous week. LOT in the
like 1948 week and 279 in the like
1889 week.-Dun & Bradstreet.
Iron Ore Shipments in the first
10 days of the national steel strike
dropped below a year earlier for
the first time this season.-Lake
Superior Iron Ore Association.
Shipments for the week ended Oc-
tober 10, totaled 553,486 tons VS..
2,421, ,678 in the like 1948 week.
Southern Construction in Sep
tember reached a new peak of
$318,817;000 VS.. $3l7,986, 900 in the
previous month - Manufacturers
Record. The latest total was more
than 1870 above the same 1948
month.
New Freight Car Deliveries in
September totaled 6,141 VS.. 7,178|
in the previous month-American
Railway Car Institute. Untitled
orders on October / totaled 22,203
VS.. 28.731 month earlier and
108,892 a year earlier.
Columbus Day Tomorrow will
bring a holiday for financial and
commodity markets throughout
the United States. Canadian and
British exchanges will be open.
Beatrice Foods Co. stockholders
approved a 2-for-1 split in COM
mon stock, effective for holders of
record October "a. The split will
increase authorized common to l.
100000 shares.
S. S. Kresge Co. declared a reg
ular quarterly dividend of so cents
and an extra Of 30 cents, both
payable December IL. An extra
of so cents was declared last
October.
Illinois Bell Telephone Co. was
granted rate increases by the Illi-
nois Commerce Commission. The
increases are expected to raise
annual revenues $15,195, 900.
Grayson-Robinson Stores, Inc,
sales in September totaled $685.
245. a gain of 1870 from a year
earlier: in nine months of 1949,
$50, 2,728,164. an increase Of 8.8%.
Western Union Telegraph Co.
had gross revenues of $15,55O.308
from sales of services in August
VS.. $16,085, 1888 a year earlier, and
reported a deficit for the month
of $114,774 VS.. loss Of $l15,107 a
year earlier. Loss for eight months
was s5.206.569 VS.. s1.45s,974 in
the same l948 period.
Addressograph Multigraph
Corp. earned $4,602, ,724 or $6.l0 in
IL months ended July 81 VS.. S.
186,159 or $6.88 in the previous
year.
Kansas City Southern Railway
net income for eight months end
ed August 81 was $4,853,287 or
$8.42 VS.. $5,529, ,904 or 1914 in the
same 1948 period.
r. H. Macy & Co. earned $6,-
1884 ,225 or $3.57 in the year ended
July 30 VS.. $8.244,463 or $4.39 in
the previous year.
Marine Midland Corp. net in
come for nine months ended Sep
tember 80 was $4,117,956 or 73
cents VS.. $4.051 ,685 or 70 cents in
the same 1948 period.
Soundview Pulp Co. earned $3,-
919.851 or $4.01 in nine months
ended September 30 VS.. $4,367.149
or SAT- a ear yearlier.
Thomas Steel Co. net income for
nine months ended September 80
was 1928. .945 or $3.50 VS.. 1857 ,492
or $3.84 in the same 1948 period.
General Bronze Corp. earned
$355 SOC, or $1.55 in nine months
ended September 80 VS.. 1854, ,47S or
Sill year earlier.
~ Baltimore & Ohio Railroad han
died 1895 cars of freight in the
week ended October 8 VS.. 43, ,272 in
the previous week and 66,587 in
the like 1948 week.
Crowell- Collier Publishing Co.
elected E.. A. Schirmer executive
vice president. He has been vice
president in charge of Western
operations.
Foreign Exchange !