Evening star., 1950-02-06
Business Briefs
DEs ONLY SELECTED ISSUES
Lumber SHIPMENTS in the ,

LUMBER Shipments in the week
ended January % were 1857
above production and new orders
ran $3.50 above production-Na-
tional Lumber Manufacturers AS
sociation. Unified orders amount
ed to 1870 of stocks. Compared
with the like 1949 week, produc-
ton was up 6.1%o, shipments up
3l.8% and new orders up 1884,.
Paper Production, not including
mills producing newsprint exclu-
sively. stood at 100.8% of capac-
ity in the week ended January %
VS.. 100.7To in the previous week
and 94.3% in the like 1949 week
American Paper and Pulp Asso-
citation.
Price of First Grade Rubber in
Singapore advanced to 53h straits
cents c17Ha cents) a pound, high
est mark since 1928.
American Telephone g. TeIe-
graph Co. now has $40, 900 stock
holders. including more than
l75.o0o who are employees of the
company. Average holding is
less than 80 shares and no stock
holder owns as much as half of
10 of total outstanding stock.
Western Electric Co. is with
drawing from the manufacture of
broadcasting equipment. It's dis
tributor, Graybar Electric Co..
announced that a new company,
Standard Electronics Corp. has
been formed to serve former
Western Electric customers. Ed
win M. Martin, former board
chairman of American Bosch
Corp, is president of the new
company.
Coca-CoIa Co. offered s42 a
share for the remaining $1,000
privately-held shares of it's SUBJ
sidiary. Coca-Cola Bottiing Co. of
Chicago. Coca-Cola increased it's
holdings in the Chicago firm to
300 in December and early jan
uary.
Ohio Seamless Tube Co. declared
a dividend of 40 cents common
share, payable March Is. Last
year the company paid so cents
each in the first three quarters
and rs cents in December.
Nash -Kelvinator Corn. net in
come for three months ended De-
cember 81 was $4,2I5,849 or 97
cents a share VS.. $5,859, ,28s or
$1.35 in the same 1948 period.
International Shoe Co. earned
1852, 1853 or 1925 in the year end
ed November 80 VS.. $l3,820,197 or
$4.o6 in the previous year.
Koppers Co. net income for
l949 was $7,111,997 or s4.0a VS..
l0,552,825 or 1894 in 1948.
New Jersey Zinc Co. earned $4.-
390, ,956 or $2.24 in 1948 VS., So
435,S14 or $4.81 in the previous
year.
Endicott johnson Corn. net
profit for the year ended Novem-
Der 80 was $2,297,82 or $2.4s VS..
$3.623,162 or SAIL in the pre-
ceding fiscal period.
Blue Bell, Inc, earned $780,
989 in 1949 VS.. $1,556,521 in the
previous year. Lower prices and
competition cut net income, de-
spite record sales of $37, ,492,64o.
TeIAutograph Corp. net income
for 1949 was $191 $50 or 81 cents |
share VS.. $201, ,126 or 80 cents
IN 194S.
Checker Cab Mfg. Corp. earned
s31,713 or Z cents a share in 1949
VS.. $92,034 or 81 cents in the pre-
vious year.
Melville Shoe Corp. sales in four
weeks ended January 20 totaled
S3.509,5ll, decline of go from
year earlier.
Jones & Laughlin Steel Corn.
appointed Albert r. Lawson vice
president-general services, new
position. He vii be succeeded as
general superintendent of the
Pittsburgh Works by ]. A. Lamb
ng.
Capehart Farnsworth Corp.
elected Anthony Wright vice pres
dent in charge Of engineering for
he consumer products division.
Chesapeake d Ohio Railway an
lounced the appointment of E. M.
Vhanger to the newly created post
IT budget director.
American Enka Corp. elected
John E. Bassell president and
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