Evening star., 1949-02-20

Business Briefs
Automotive Production in

Automotive Production in the
, United States totaled 108,962 in
the last week, including 82,788
cars and 26,174 trucks.-Ward's
Automotive Reports. Totals for
the previous week were 1882 cars
and 26,298 trucks; for the same
1948 week, 76,829 cars and 29,597
trucks.
National Fire Losses in January
totaled $57.926,00O, a drop of
I8.1% from the same 1948 month.
National Board Of Fire Under
writer's. Mild weather may have
cut the loss because Of less need
for forced operation Of stoves and
furnaces, the board commented.
Short Interest in Stocks listed
on the New York Stock Exchange
increased to 1,220,286 shares on
February Is VS.. 1,053,59 on Jan.
uary II. Major gains in short in
terest were in A. T. & T., Ameri-
can Woolen, Armco Steel, Beth
lehem Steel, Chrysler, Curtiss-
Wright. Dow Chemical, Farms
worth Television, General Motors
and Illinois Central.
Markets Will Be Closed Tuesday
in observance of Washingtons
birthday.
Armour & Co. meat operations
in the first quarter of the current
fiscal year were mot satisfactory"
said Chairman Eastwood at q
packed annual meeting. Because
OF small margins, 1t Is difficult to
make money when prices are de-
clining, he added.
New England Telephone & Tele-
graph Co. registered with the SEC
$35, 100000 of 25-year debentures
to finance redemption of a like
amount of first mortgage bonds,
due June l. 1852.
Chesapeake & Ohio Railway
asked ICC permission to issue
SIS, 900 of equipment trust GER
tificateS. c. r. & P. Railroad
asked permission to issue $3,757,-
22O of certificates for the same
purpose.
Kennecott Copper Co. declared
a dividend of Is cents and a spe-
clal dividend of SO cents, both
payable March 81. Specials last
year included so cents each tn
March and June, $1.25 in Septem-
Der and $1.75 in December, in
addition to the quarterly payments
of Is cents.
Seovill Mfg. Co. declared o
dividend of .25 cents a snare on
its 3.65%o cumulative preferred
stock, payable June /, and a divi-
dend of so cents a common share,
payable April /.
Consolidated GrOcers Corp.
added $7,049,170 to its net worth
by acquisition of Rosenberg Broth
eEs & Co., said Chairman Nathan
Cummings.
National Supply Co. earned
$12.227, 1862 or $8O1 in 1948 VS..
1881 ,807 or $5.47 in the previous
year.
Eastern Gas & Fuel Associates
net income for 1948 was $9,411,670
VS.. $8,678,154 in 1947.
Alexander Smith CARPET Co.
earned $6,989,732 or $7.16 in 1948
VS.. 1851 1888 or $5.74 in the previ-
GUS year. =
Worthington Pump & Machin-
cry Corp. net for 1948 was $5,416,-
106 or $5.17 VS.. $6,O56,340 or $5.86
in 1947.
First National Stores, Inc, earn
ed $l,547,342 or $189 in three
months ended December 81 VS.. ST.
514,695 or $l.85 a year earlier.
American News Co. profit for
l94S was 81, 4,494 .588 or $3.50 VS.. $3,-
852,051 or $4.57 in 1947.
United Electric Coal Companies
earned $1,903,243 or $3.46 in six
months ended January 81 VS.. ST.
562,017 or 1924 year earlier.
Talon Co. net for 1948 was So
146,924 or $3.50 VS.. $3,837, ,O58 or
$3.50 in 1947.
Walworth Co. earned $2,648,O25
or $1.e5' in 1948 VS.. $2,328,593 or
Sill in the previous year.
Park d Tilford, Inc, net income
for 1948 was $2,27o,894 or SO VS..
$2,886,827 or $1144 in 1947.
EmscO Derrick e. Equipment Co.
earned $2,212,593 or $5.81 in 1948
VS.. $l,O59,298 or $2.76 in the pre-
vlous year.
S. ID. Warren Co. net for l94s
was 81 ,63l ,083 or 1911 VS.. $780,
794 or $5.07 in 1947.
Virginia Carolina Chemical
Corp. earned $1.076,O37 in six
months ended December 81 vs..
$1,452,167 a year earlier.