Evening star., 1950-01-10
Business Briefs
Good Business and stable mr.

Good Business and stable prices
are expected by most merchants
this year. according to a survey by
the National Retail Dry Goods
Association. Sales increases up to
1919 from 1949 levels were pre-
dicted by 249o Of the reporting
stores while 34% forecast no
change and 1920 anticipated a
slight drop in dollar business.
Business Failures in the week
ended January S totaled 161 VS..
109 in the preceding week and 1913
IN the like 1949 week-Dun g.
Brandstreet. B
Department Store Sales in New
York City were $50 below q wear
earlier in the f1ve-day shopping
week ended January New York
Federal Reserve Bank. Unsea-
sonably warm weather was blamed.
Furniture Prices will average
about 80 higher at the annual
home for furnishings show at
Chicago, industry leaders agreed
last night. Some items will be
up as much as so.
Chrysler Corp. announced price
cuts OF 40 to $125 on Dodge trucks.
effective today.
d. A. Schultz. Inc, reduced re-
tail cigarette prices in about half
OF its 1876 chain stores to two
packages for IS cents. The new
price for one pack'is 19 cents.
Western Auto Supply Co. mis-
sourD reported sales in December
totaled s14,508, 900, a gain of 1922
from year earlier; in 1949, $125,-
5000. decrease of 40 from
1948.
Walgreen Co. sales for Deem
Der amounted to $17,983, $40, q
drop Of 1870 from a year earlier:
for 1949, $162,316,040, a decline
OF 1.6% from 1948.
Melville Shoe Corp. sales in five
weeks ended December 81 totaled
1851 .726, a rise of 3.1%o from a
year earlier; in 1949, ST. 1864, ,029,
a drop of 4.9% from 1948.
Grayson- Robinson Stores, Inc.
sales for December totaled So
000,776, decline of 1917 from
year earlier; for 1949, $75.13l,637,
a gain of $3.50 from l948.
Franklin Stores Corp. declared
an extra dividend of 10 cents and
a regular quarterly of Is cents.
both payable January ~. An
extra Of the same amount was
paid in January, 1949.
Globe & Republic Insurance Co.
Of America declared a semiannual
dividend of 80 cents. payable Feb
ruary l. Previous payments were
Is cents.
American Gas & Electric Co.
earned $22,025. .899 or $4.71 q
share in IL months ended Novem-
Der 80 VS.. $19.740.816 or $4.24 in
the previous year.
Illinois Bell Telephone Co. net
income for II months ended No
vember 80 was $11,054,218 VS..
$8.317.693 In the same 1e48 Pc
riod.
Bell Telephone Co. Of PennsyI-
vania earned $10.830,349 in ii
months ended November 80 VS..
$l1 1896. 1886 a year earlier.
Appalachian Electric Power Co.
net income for IL months ended
November 80 was $9,981,21l VS..
1907. .46S In the preceding fiscal
period.
Ohio Power Co. earned $s,12s,-
345 in II months ended Novem-
ber 80 VS.. 1906. 1893 In the pre-
vious year.
Lehman Corp. reported net as
set value of $52.82 a share on De-
cember 81 VS.. $43.80 on June 80,
$48.82 on September 80 and
$46.57 at the end Of 1948.
Baltimore q Ohio Railroad
handled 33,764 cars of freight in
the week ended January Z VS..
47,761 in the previous week and
So ,029 in the like l1949 week.
Packard Motor Car Co. ap-
pointed William H. Graves vice
president Of engineering to sue
coed Col. j. G.. Vincent, who has
been elected executive vice presi-
dent.