Evening star., 1943-07-27
Business Briefs

DUSInSSS DnSIS
Opposed to Scare" Advertising
or Sales, the WPB has advised re-
tailers that rugs, floor coverings and
draperies, luggage, upholstered fur
n1ture, mattresses and fur coats are
subject to the advertising and pro-
motion code for textile retailers,
issued July Is. The code bars these
means of promotion and is part of
Chairman Donald M. Nelson's six
point program to make clothes ra-
tioning unnecessary.
Crude Oil Production increased
5,255 barrels day to an average of
4.116,570 during the week ended
July "a, the Oil e. Gas journal dis
closed.
Oversubscribed More Than Six
Times. the Treasury's $500, 900 900
Offering Of 7sfo certificates will be
available to commercial banks only
IN connection with an exchange of
81 500 1922 900 in maturing certif-
Gates bearing the same interest rate,
Cash subscriptions aggregated S.
484 ,000. 900, and will be allotted on
q u % basis.
Jones e. Laughlin Steel Corp.
earned $2,411,248 in the June quar-
ter, compared with $2,43S,752 a year
ago. For the first half, net was S4,-
8l0,617 against $4,930,470 a year ago.
M. A. Hanna Co. earned $l,031,- =
271 or 86 cents share in the second
1943 quarter, compared with $1,029,-
871 or IS cents share in the same
1912 period. Net for the first half
was $l.885,327 or $154 share
against 1884, ,730 or $1.49 share in
the first half of 1912.
Sun Oil Co. earned $5,71l,5 ,593 or
$194 a share In the first half of
1943, compared with $3,677, ,O91 or
$1.22 share in the same period last
year.
Youngstown Sheet g. Tube Co.
earned $2,257,42 or $1.22 a share in
the second quarter, compared with
$2,291,119 or $1.24 a share a year
ago.
General Foods Corp. earned S.
879, ,031 or s1.06 a share in six months
ended June 30, compared with S.
329,535 or $101 share year ago.
Sales in the first half totaled $119,-
93707l. compared with $l10,09S, 1929
year ago. Net for the June quar-
ter was 81, ,467, ,789 or As cents a share
against $2,760,804 or So cents a share
in the same 1912 period.
National Biscuit Co. earned ST.
526,447 or 80 cents a share in the
June quarter, compared with $2,-
062, ,249 or 26 cents a share a year
ago.
Climax Molybdenum Co. earned
s5,172, ,956 or $205 share in six
months ended June 80, compared
with $5,494,53o or $2.1s a share a
year ago.
Phillips Petroleum Co. earned
$7,345,315 or s162 share in six
months ended June 80, compared
with $6,731.42O or $1.51 a share in
the same 1912 period.
Blaw-Knox Co. earned $78O,728 or
SO cents share in the first half,
compared with $585, ,434 or A cents
a share in the first half of 1912.
General Outdoor Advertising Co.
earned $285,824 or q cents a share
IN the June quarter, compared with
$476,558 or 81 cents a share a year
ago.
New York Control Railroad Co.
reported net income of $32,023,243 or
1897 share for the first half, after
fixed charges, compared with s16,-
616,907 or $258 share for the same
1912 period. Operating revenues in
the six months were s341 300, ,62A
against $266, ,978,513 a year ago. June
net income was $5,347,47O against
$5,265, 1872 in the same 1912 month.
Studebaker Corp. earned $1,672 ,09e
or IS cents share in six months
ended June 80. after provision OF
$500 900 for contingencies and after
all charges, compared with 1902, ,83C
or 40 cents share in the same 1912
period. Sales in the first half were
$3.50, ,637,27s against ss7, ,2Ss, ,27s year
ago.
Pittsburgh Steel Foundry Co.
elected Frank Cordes president and
general manager following his resig-
nation as board chairman of Blaw-
Knox Co. He succeeded Parker
Wilson, who resigned. The Blaw-
Knox vacancy has not been filled.
Atlantic Refining Co. directors de-
clared a quarterly dividend of Is
cents common share. payable Sep
tember Is to holders of record
August 20. The company paid Is
cents in the five preceding quarters