Evening star., 1950-01-06
Business Briefs

Railway Net Income of class I
carriers in November totaled s54,-
5000 VS.. $63 100000 in the same
1948 NEUTRALITY-SUSPICIOUS. of Amer
lean Railroads. Net for II months
OF 1949 was $685., 900 900 VS.. S654,-
100000 in the same 1948 period.
World Steel Production in 1949
set a peacetine record of 168,-
l84 900 tons as result of q sharp
recovery in steel outputs of Rus
sia. France and Germany-Iron
Age. Russian output rose almost
26% in the year.
Crude Oil Production in the
United States last week averaged
1895 500 barrels daily VS.. 4, ,995, $50
in the previous week and 1864 800
in the like 1948 week-American
Petroleum Institute. A.
Packard Motor Car Co. built
104. .593 cars in 1949 and expects
to produce more than 10000 in
1850. according to Hugh j. Ferry,
newly-elected Packard president.
About 70% Of all 1850 cars ARE
scheduled to have automatic
drives.
Admiral Corp. will produce
100000 television sets in 1850.
compared with more tan 400, 900 IN
1949, said President Ross D.. Sir
agusa. Present output is at an an
nual rate of 100000.
Federated Department Stores
declared a quarterly dividend of
62Ea cents common share, pay
able January q. Previous pay
ments were so cents.
Tung-sol Lamp Works declared
a dividend Of Is cents a common
share. payable February /. The
company paid Is cents each in
March and December, l949.
G. C. Murphy Co. sales in De-
cember totaled $24,227. .406, a gain
OF 1.7% from a year earlier; in
1949. $141,310,518, rise of 2.7eo
from 194S.
McCrory Stores Corp. sales for
December totaled $16,583, ,164, a
drop of 2.2qo from year earlier;
for 1949, sos, 900. a decline of
1870 from 1948.
Mcclellan Stores Co. sales in
December totaled $10,257,155, a
drop of 10 from a year earlier: in
II months ended December 81,
$51 ,406,850, decline of 1.6%.
Diana Stores Corp. sales for De-
cember amounted to $2,27l, 1888, a
decrease of 1% from a year
earlier; for months ended De-
cember 81. 1891 1854. a drop of
7.6Te from year earlier.
New York Telephone Co. earned
$24.548,819 in II months ended
November 80 VS.. $27.515.970 a year
earlier.
Southwestern Bell Telephone
Co. net income for II months
ended Noveml:o;' 80 was $14,601.- :
$50 VS.. $13,143,450 in the same
1948 period.
Ralston Purina Co. earned $l1,-
694,34 or $14.15 a share in the
year ended September 80 VS.. $4,-
696,430 or $40 in the previous
year.
Oliver Corp. profit for the year
ended October 81 was $6,141, ,243 or
$7.19 VS.. $7.9o6, ,070 or $685. in the
preceding fiscal period.
W0odall Industries, Inc, earned
$471,321 or SLIP in three months
ended November 80 VS.. $403, ,1494
or SO cents a year earlier.
Grand Union Co. profit for nine
months ended November 26 was
81 1,530,142 or $2.91 VS.. $1,288, ,435
or $2.45 in the like 1948 period. 4
A. G. Spalding & Bros. earned
$944,827 or $1.81 in the year ended
October 81 VS.. $1,536,4 or $2.95
in the previous year.
United States Leather Co. re-
ported a loss of $642, ,42O for the
year ended October 81 VS.. profit
of $502,877 in the preceding fiscal
period.
Michigan Steel Tube Products
Co. earned $467.736 or $2.34 in the
year ended September 80 VS..
$611,955 or s3.06 in the previous
year.
American Can Co. announced
the appointment Of T. E. Alwyn
as general manager Of sales He
has been sales manager Of the At
lantic Division.
Penick & Ford, Ltd, has formed
Pacific Coast grocery products
sales division and appointed Glenn
G. Wheeler as sales manager.