Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-09
BUSINESS
BRIEFS

Air Conditioning equipment
sales in 1856 will rocket to an
all-time high of nearly $3.5 bill
lion. Carrier Corp. officials pre-
dict.
Cash dividend payments by
corporation issuing public re-
ports were running ga per cent
above the 1854 rate on November
/. October dividends were re-
ported at 1868 million, bringing
the total for the first 10 months
of the year to ST. billion-Com-
merce Department.
!. Heavy construction contract
awards reported in the week
ended Monday totaled S330,333.-
900. consisting of S139,O50, 900 in
private construction and $751;
$4,000 in public construction.
compared with s278.795, 900 for
the previous week and with
S25S, BAL 900 for the like week a
year ago. - Engineering News
! Record.
/ Railroad freight volume re-
covered smartly last week after
the Thanksgiving week hull, with
loadings totaling 728,216 cars.
This volume. for the week ended
December 3. was 1881 cars or
rs per cent above the preced-
ing holiday and 66.439 cars or
10 per cent above the same week
in DISSATISFACTION of Amer
lean Railroads.
Federal Reserve Board reports
loans to brokers and dealers on
other than U. S. Government
securities held by member banks
in New York City on Wednesday
totaled sl,608,000,o00. an in
crease Of Sl40,000,000 from a
week before, and an increase of
SAT-, 100000 from a year before.
American Thermos Bottle Co.
OF Norwich. Conn, has ACQUIRED
control of Hemp g. Co, Inc, of
Macomb, H.. through an ex-
change Of common stock on a
share-for-s basis.
Textron American, Inc, plans
to issue $50 million of convertible
subordinated debentures for ex-
pansion and other purposes.
Blair g. Co. will head under
writer's.
Chemical Corn Exchange Bank,
New York's third largest. plans
to sell 500.426 additional shares
to stockholders. Stockholders
will vote on the proposal at the
annual meeting January II.
M. Lowenstein & Sons, Inc,
declared a stock dividend of 2
per cent and increase the regu-
lar dividend to 3712 cents a
share from 80 cents.
John Wanamaker directors
elected as chairman John r.
Wanamaker. 37-year-old grand
son of the founder of the Phil
adelphia department store group.
He succeeds John E. Raasch,
who retired.
A Ford Motor Co. stock regis
tration statement, revealing for
the first time earnings and in
come repeatedly will be filed with
the SEC on December 20. State
ment is required in connection
with the sale to the public of
6,952,293 shares of Ford COM
mon stock.
Reichhold CHI e micals an
nounced negotiations are in
progress for purchase of a 30
acre site for a second Pacific
Northwest plant in the Tacoma,
Wash. area.
SeabOard Finance Co. direc-
tors announced plans for a two
for one common stock split.
Shareholders will vote on the
proposal January 26.
Agriculture Department re-
ports purchase of 28,108,650
pounds of canned pork produces
since November when it started
a program to spend up to $85
million dollars to halt skidding
hog prices.
Agriculture Department re-
minded potato growers that pay
mentS under the potato diversion
program will be 40 cents hun
dred pounds from January ! to
March 81. 1856.
James Lee & Sons, carpet
manufacturers. announces plans
for Sc million expansion pro-
gram in 1856, one-third of the
sum to be used to expand fa-
cilities for producing tufted car
pets.
Penn-Texas Corp. elected Mai.
Gen. Charles T. Lanham, retired,
board chairman of its new sub
sidiary, Colts Manufacturing.
Sidney A. Stewart was named
president.