Evening star., 1950-02-07
Business Briefs
LIST INCLUDES ONLY sEIE.Trn ,

Business Failures declined to
199 in the week ended February 2
VS.. 232 in the previous week. but
remained we'll above 145 in the
like 1949 week.-Dun g. Brad
street.
M. III. Fishman & Co. directors
decided to split common stock 2
for /, subject to approval of
stockholders at a special meeting
May 4. There are 160,632 shares
outstanding. ..,
Harbis0n- Walker Refractories
Co. declared a dividend of so
cents a common share, payable
March /. Last year the company
paid SO cents in each of the first
three quarters and Is cents in
the final quarter.
w. A. Sheaffer Pen Co. declared
an extra dividend of $1.15 in addi-
tion to a regular quarterly of 10
cents. both payable February Is,
raising payments for the year
ended February % to $2.25 VS..
$3.50 in the previous year.
General Motors Corp. an
nounced its Oldsmobile Division
sold 26,153 new cars in January
highest mark for the month on
record. The previous high for the
month was 19,137 in 1941. Olds-
mobile turned out 30,543 cars in
the latest month.
F. w. Woolworth Co. sales in
January totaled s38,568,74o, a
decrease of 10 from the same
1949 month.
S. H. Kress e. Co. sales for
January amounted to $10,066, ,181,
a drop of 6.8% from year earlier.
Mercantile Stores, Inc, sales in
January totaled $7,01O,500, a de-
cline of $40 from the same 1949
month.
Interstate Department Stores
sales in January amounted to
$3,235, BAT, drop of 1897 from a
year earlier.
Edison Brothers Stores reported
sales in January totaled $3,987,-
s25. a drop of 1o.7qo from year
earlier.
Mcclellan Stores Co. sales for
January amounted to $3,079,345,
decrease of 5.7% from the same
1949 month; for 10 months ended
January 81, $54,486,174, a decline
of 1.9% from the previous year.
National Distillers Products
Corp. earned $24.191 .644 or $5.o3
a share in 1949 VS.. $26, ,867 ,248 or
$3.37 in the previous year.
Northern States Power Co. Min
nesota) had net income of $13,-
AIT ,6s8 or $1.03 in 1949 VS.. IS, ,982,-
424 or 81 cents in 194s.
Wabash Railroad net income for
1949 was $5.310,226 VS.. $10,553,253
in 1948.
Western Auto Supply Co. mis-
sourD earned $3,758,237 or SIS in
l949 VS.. $5,750,418 or $7.65 in the
previous year.
Pennsylvania Salt Mfg. Co. net
income for 1949 was 2,686, ,760 or
$3.50 VS.. $2,284, ,233 or $27s in
1948.
Interstate Bakeries Corp. earned
$2.342.372 or $3.50 in 50 weeks
ended. December 81 VS.. $2,436, SAB
or $6.75 in So weeks ended January
/. 1949.
Continental Motors Corp. profit
for the year ended October 81
was s1.801,205 or SIS cents VS..
S3.378.l23 or $l.02 in the preceding
fiscal period.
Nopco Chemical Co. earned
$635.430 or $2.46 in 1949 VS.. $685.
TAT or $2.26 In the previous year.
Baltimore & Ohio Railroad
handled 5000 cars of freight in
the week ended February VS..
47.794 in the previous week and
56.433 in the like 1949 week.
Union Carbide & Carbon Corn.
announced the appointment of
Jonn NJ. Spangler as president of
it's National Carbon Division. He
is vice president Of the parent
company.
Inland Steel Co. has appointed
David Dillman manager of public
relations. He formerly was man.
aging editor Of the Chicago Jour-
nal of Commerce.
Pitney- -Bowes, Inc, has named
Frederick Bowes, Jr., director of
public relations and advertising.
Gulf Oil Corp. announced the
resignation Of John r. Walton as
general sales manager, effective
March /. He will become as
sociated with T. Mellon & Sons Of
Pittsburgh.