Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-09-11
Business Briefs

Cotton Textile Market was &C
tive in the last week. A large vol
ume of goods sold at higher prices
Orders came from all sections OF
the country. Mills disposed OF
supplies for delivery as far ahead
as next March. Prices rose 70 to
% of a cent a yard on the heels
of y to Scent advances the prev
ious week.
Retail Furniture Sales in the
first half of 1949 were 11.18o below
a year earlier and inventories
dropped 1887 in the same period
National Retail Furniture As
ISOLATION.
Bituminous Coal Production in
the holiday week ended September
3 approximated only 7,050,000 tons
VS.. 100000 in the previous week
and 12,253,000 in the like 1948
week-National Coal Association.
ESQ Standard Oil Co. advanced
its price of heavy fuel oil at Gulf
points by Is cents barrel to 81 so
Eastern States Corp. and its Of
ficers were restrained from carry
ing out a plan under which its
preferred stockholders were in
vited to exchange their shares for
common stock of st. Regis Paper
Co. A temporary injunction was
issued in Baltimore circuit court
on a petition from a minority
stakeholder. Eastern States holds
100000 shares of st. Regis COM
mon.
Sharp e. Dohme, Inc, declared
a dividend of IS cents a common
share, payable September 80. Pre-
vious payments were Is cents.
]. c. Penny Co. sales for Aug
ust totaled $68,292 1914. a decline
of 1870 from a year earlier; for
eight months, $505, 584, 494, gain
of 14%.
Walgreen Co. sales in August
amounted to $13,506.346, a drop
of 3.79o from a year earlier; in
eight months, $105.126,578, a de-
crease of 80 from last year.
Butler Brothers sales for Aug
ust totaled $12,554,970, a drop
of 1870 from a year earlier; for
eight months, $79.463.145, a de-
cline of 211.
McCrory Stores Corp. sales in
August totaled $7.035. 999, a de-
crease of $40 from a year ear
lier: in eight months, $56, 223 1893,
a drop of .08To.
Edison Brothers Stores, Inc,
sales for August amounted TO S.
086,972, a decline Of $40 from
a year earlier; for eight months,
$47,774,804, a decrease of 10.
New York Telephone Co. earned
$13, 1872 1877 in seven months ended
July 81 VS.. $19.518,0S4 a year
earlier.
Southwestern Bell Telephone
Co. net income for seven months
ended July 81 was $7,866,273 VS..
$6.588,2 in the same 1913 period.
Bell Telephone Co. of Pennsyl-
vania earned $5,975,080 in seven
months ended July 81 VS.. $7,584,-
1873 a year earlier.
L. C. Smith g. Corona Type
writers, Inc, had net profit of
$558,905 or $1.73 a share in IL
months ended June 30 VS.. $751;
1T of SAT- in the preceding fiscal
period.
Pittsburgh Metallurgical Co.
earned $1,248,286 or IS in IL
months ended June 80 VS.. $751;
504 or 1898 in the previous year.
Abraham & Straus, Inc, profit
for 26 weeks ended July 80 was
1911 ,842 VS.. $987,619 in the like
1948 period.
The Fair earned $116,111 or 81
cents in 26 weeks ended July 81
VS.. $413.595 or Sill year earlier.
United Wallpaper Co. profit for
IL months ended June 80 was
$793, 1872 or SO cents VS.. deficit of
$52,162 in the preceding fiscal
period.
Coco Steel Products Corp. will
open new district plant and
warehouse and a new Office build
ing in Birmingham, Ala. Work
on the new buildings will start
September 10.