Evening star., 1950-05-31
Business Briefs
j. INCLUDES ONLY SELECTED IssUt

Business Failures increased to
2l4 in the week ended May Is VS.
1879 IN the previous week and 206
in the like 1949 week.-Dun g.
Bradstreet, Inc.
j Sounder Management rather
than more capital seems to be
the principal need of small busi-
ness-monthly review of Guaranty
Trust Co. A really effective pro-
gram to aid small business would
be directed primarily to increas-
ing its earning capacity rather
than its borrowing capicity, the
bank commented.
Emerson Radio & Phonograph
Corp. stockholders approved a
proposed 2-for-l stock splitup and
an increase in authorized capital
stock to 100000 shares from
1000, 900. Additional unissued
stock may be used for acquiring
additional plant facilities. said
President Benjamin Abrams.
American Box Board Co. de-
clared a dividend of Is cents a
common share, payable July 10.
A payment Of 10 cents was made
in April.
Superior Steel Corp. declared a
dividend of Is cents a share, pay
able July l. first payment since a
like amount was declared on May
81, 1949.
Republic Pictures Corp. declared
a dividend of so cents on preferred
stock, in arrears. payable July /.
Half was for the current and half
on account of arrears. This leaves
arrears of 25 cents a share.
Columbia Gas System, Inc, reg
istered with the SEC $110 million
of 25-year debentures to be sold
at competitive bidding to finance
retirement of outstanding deben-
lures and new construction.
c. /. T. Financial Corp. regis
tered with the SEC 125,000 shares
of no-par common stock, which
will be sold for the estate of one
of the company's founders, Henry
Ittleson.
Commonwealth Natural Gas
Corp. registered with the SEC
250,000 common shares. Proceeds
along, with s5,250,00O expected
from sale of bonds and notes will
be used for construction of q
natural gas pipeline in Virginia.
New England Gas g. Electric
Association reported a total sub
scription of 343To on its offering
to stockholders of 173,l26 addi-
tional common shares at $l3 a
share.
Safeway Stores, Inc, sales in
four weeks ended May 20 totaled
$50 ,89l ,965. drop of 1927 from
year earlier: in 20 weeks ended
May 20, s409 ,oo3,439, a decrease
of 5.71%c.
kroger Co. sales in four weeks
ended May 20 totaled $65.333.7O3,
a gain of 2.3% from a year ear
lier; in 20 weeks ended May 90.
$3l5,544,451. a decline of 79o.
! Canadian Pacific Railway net
income for April was $l,939, ,754
VS.. $1,304.755 in April. 1949.
Louisville & Nashville Railroad
earned $3,511.643 or $3.50 a share
in four months ended April 80 VS..
So, 420,088 or sl,46 a year earlier.
Seaboard Air Line Railroad net
income for four months ended
April 80 was $2,676,11ls $235
VS.. $1.835,772 or s1.87 in the same
1949 period.
| Texas & Pacific Railway earned
81, ,723,449 or $3.43 in four months
ended April 80 VS.. $l,526,223 or
1922 a year earlier.
NJ. G. NJ. Wood Working Co. net
profit in three months ended
April 80 was s724.250 or So cents
VS.. s502,933 or SO cents in the
Thrift Stores. Ltd, earned $103,-
298 or $l.81 in the year ended
March Is VS.. $82,507 or s1.44 in
the previous year.
Hupp Corp. reported a deficit of
$99,074 in three months ended
March 81. after giving effect to
sl4,210 loss on sale of capital
assets, VS.. a loss of S15,664 in the
same 1949 period.
Baltimore g. Ohio Railroad
handled 67,860 cars of freight in
the week ended May 81 VS.. 74.0S4
in the previous week and 1921 in
! thu lixn 1hAA