Evening star., 1950-01-15
Business Briefs


i Business Briefs
Automobile Production next
month will reach capacity levels
at practically all plants, indicat-
ing full employment and consider
able overtime pay-Ward's Auto
motive Reports. Output for the
last week was estimated at 147,-
33l units, highest mark since last
September. Included were 123,-
062 cars and 24,269 trucks VS..
92,881 and 17,445 In the previous
week and 90,907 and 27,374 in the
like 1949 week.
Midwinter Home Furnishings
Show at Chicago resulted in Or
ders about 35% above year ago,
according to three retail leaders
at a news conference.
Refined Copper Deliveries in
December totaled 107 1862 tons VS..
117,133 in the previous month
Copper Institute. Refined stocks
held by producers declined to 116,-
OPT tons on December 81 VS.. 139,-
1919 a month earlier and 217,167
in August, 1949, after a slump In
demand.
Firestone Tire & Rubber Co.
stockholders were told that a rel
atively high level of employment
will continue in the rubber in
dustry during 1850, by Chairman
Harvey S. Firestone, jr. Increas-
ing demand for replacement tires
can be expected, he said.
Budd Mfg. Co. announced ten
tative plans for a large new stamp
ing and auto body assembly plant
in the southwest section of Gary,
Ind.
Barnsdall Oil Co. and Seaboard
Oil Co. are buying the L. H. Wentz
Estates oil interests in Scurry and
Kent Counties, Texas, Executive
Vice President Dale r. Snow dis
closed. The deal involves more
than $10,000,000, with each COM
pany to have half interest.
Shamrock Oil g. Gas Corp. has
borrowed 100000 from Mellon
National Bank & Trust Co. of
Pittsburgh to repay a $1,000, 900
loan with the bank and add $2,-
100000 to working capital.
Kroger Co. declared q dividend
Of rs cents common share, pay
able March 1. Previously the COM
pany paid so cents quarterly plus
year end dividends.
photographic Corp. declared an
extra dividend Of Is cents a COM
mon share, payable January 26.
The company pays Is cents quar-
terly and disbursed q like extra
a year agos
Ronson Art Metal Works, Inc,
declared a quarterly dividend of
35 cents a common share. payable
March II. Previous payments were
Is cents.
Warner Brothers Pictures, Inc,
earned $10,466, 900 or $1.43 a share
in the year ended August 81,
1949, VS.. $11,S37,000 or $1.62 in
the previous year.
Armour g. Co. net income for
13 weeks ended October 20 was
s6.900.244 VS.. deficit of $1,518, ,08s
in the like 1948 period. Net for
the year ended October 20 was
$588, ,l89 VS.. a loss of $2,552,547 in
the preceding fiscal period.
Ell Paso Natural Gas Co. (Dela-
ware) earned $4.355, ,o96 or $1.s3
in IL months ended November 80
VS.. $5,418,188 or $2.35 in the pre-
vious year.
Miller & Hart, Inc, reported a
deficit Of $98, ,987 for 81 weeks end
ed October 20 VS.. net income of
$1,024.433 or $3.66 a share in the
previous year.
Solvay American Corp. net In
come for nine months ended De-
cember 81 was $2,706,442 VS.. $2,-
231 1856 in the same 1948 period.
American Locomotive Co. an
nounced the retirement Of r. B.
McColl as president, a director
and a member of the executive
years. D. w. Fraser, chairman,
has taken over the duties of
president.
Fairchild Engine & Airplane
Corp. announced the appointment
Of Robert w. Kellhofer as man
ager of the sales and service de-
partment of its Fairchild Aircraft
Division.