Evening star., 1950-01-31
Business Briefs
Business Failures I,

Business Failures in the week
ended January IS totaled 232 VS..
23l In the previous week and 1876
in the like 1s49 week-Dun g.
Bradstreet.
Automobile Production in 1949
set a record OF 6,238,088 units
gain of 1870 from the previous
record set in 1929 and 1870 above
the previous year-Auotmobile
Manufacturers Association.
American Telephone & Tele-
graph Co. awarded $20o, ,ooo, 900 of
2l-year debentures to an invest
ment banking group headed .by
Morgan Stanley & Co. on a bid
of 1o0.43 for a 2A4o coupon.
Southern Railway Co. declared
dividend of rs cents a common
share, payable March Is, return
ing the stock to a So annual basis
from "a paid previously. Effects
or the coal strike, higher wage
rates and various. Government
claims against the railroads were
blamed.
Ford Motor Co. of Canada de-
clared a dividend of so cents and
an extra of 81 on class A and B
stocks, both payable March 10.
The company paid Is cents plus
rs cents extra in previous quarters.
Blaw-Knox Co. declared a divi-
dend Of rs cents a common share,
payable March IA.
Newport News Shipbuilding e.
Dry Dock Co. reported 1e4s bill
ings totaled $72.797,150 VS.. s79,-
434.828 in 1913. Unbilled con-
tracts on December 81 were esti-
mated at $9o,132,675 VS.. $780,
074,127 a year earlier.
Deere & Co. earned $39, ,484 ,242
or $12,42 a share in II months
ended October 81 VS.. $27 ,681 ,997 or
$8.49 in the previous year.
National Biscuit Co. net income
for 194s was $21 ,676, ,903 or $3.17
VS.. $22.713.736 or 1888 in 1948.
Atlantic Refining Corp. earned
$27 100000 or 1851 in 1949 VS..
$35, $4,000 or $12.6s in the pre-
vious year.
Johns Manville Corp. net in
come for 1949 was $l4,368, 1926 or
$4.85 VS.. $15.440.475 or 1922 in
1948.
Philip Morris & Co., Ltd, earned
$11 ,572,646 or $40 in nine months
ended December 81 VS.. $9,467,141
or $4.43 a year earlier.
Northern Pacific Railway net in
come for 1949 was $9,734,444 orI
1892 VS.. $12.3l2,411 or s4.s6 in
Consolidated Gas, Electric Light
& Power Co. Of Baltimore earned
So, ,306, 1893 or $4.92 In 1s49 VS.. $6,-
881 1888 or $4.51 in the previous
year.
Louisville & Nashville Railroad
net income for 1949 was So, ,216, ,s05
or $3.51 VS.. $18.497, ,9o3 or $7.91 in
1948.
Carrier Corp. earned $1,834, ,967
or $2.72 in the year ended October
81 VS.. $2,710,412 or $4.19 in the
previous year.
Beaunit Mills, Inc, profit for
nine months ended December 81
was 81 ,635. 1895 or $1.32 VS.. $3,927,-
894 or $4.l3 in the same 1913
period.
Meredith Publishing Co. earned
$1.374,706 or $2.l3 in six months
ended December 81 VS.. $l,3l2,725
or $2.04 year earlier. Il
Black & Decker Mfg. Co. net
profit for three months ended De-
cember 81 was $52S,354 or $l.35
VS.. $677,045 or $l.73 In the same
1948 period.
Walter E. Heller g. Co. earned
$811,77 or $3.50 in 1949 VS.. 1901,
S23 or $1.87 in the previous year.
Scotten, Dillon Co. net income
for 1949 was $442,538 or $l.4s VS..
s569.474 or $1.90 In 1948.
Mid Continent Airlines earned
s3l3.543 or n cents in ls49 VS.,
s1o4.o70 or. ~ cents in the pre-
vious year.
Universal Pictures reported q
deficit of $1,125,851 for the year
ended October 20 VS.. a loss of
s3,162,812 In the preceding fiscal
period.
Chemical Fund, Inc, reported
act asset value on December 31l
amounted to $14.99 q share VS..
s12.73 a year earlier.
Baltimore & Ohio Railroad
handled 47.794 cars of freight in
he week ended January % vs..
E7,771 in the previous week and
1865 in the like 1919 week.