Evening star., 1946-07-10
Business Briefs

Mead Corp, paper manufacturers
reported net profit Of s1.276.l17 for
"a weeks ending June Is. equal to
sl.5l share, compared with S5l1.-
262. or 43 cents share over a like
period last year For u weeks end
ing June Is net profit was s70l 627.
equal to 85 cents. compared with
s264,142, or % cents in l945.
Daily Average Crude Oil produc-
ton in the week ending July s was
4919.120 barrels. decline of 81 $40.
Oil and Gas journal.
Electrical Output for the week
ended July declined to 3,74l ,006. 900
kilowatt hours from 4132 $50, 900 in
the preceding week. and compared
with 1878, 5000 kiloWatt hours in
the corresponding week a year ago
Edison Electric Institute
Johns -Manville Corp. have voted
to call for redemption $4,000 shares
of 312 per cent cumulative preferred
stock at S1O4 share plus accrued
dividends August 20.
Commercial. Industrial and Agri-
cultural loans increased S82 900 900
at member banks in 10l leading
cities during the week ended July 3.
the Federal Reserve Board reported
today. Total loans decreased S29,-
100000.
National Tube Co. u. S. Steel sub
sidiary. plans two-year expansion
program for its Lorain. Ohio and
Gary Ind. plants 10 cost about S55,-
100000, including $4,000 900 for the
Lorain works and at least SIS 900 900
for the Gary plant.
Greyhound Corp. stockholders
have ratified proposal for a three
for one split of common stock. Ap-
plication for approval of the stock
split is now pending before the Inter
state Commerce Commission.
Crown Zellerbach Corp. today an
nounced for the fiscal year ending
April 30 net income of S7824,983
equal to S237 per share, compared
with s7,093 ,085. or sl97 in 1945.
Walgreen Co. today reported June
sales of S11,8l0,593, up 208 per cent
from S9.777 .367 a year ago Sales
for six months totaled SGT .406,813
zU.U pei C6Ill IIltl cast oFtI SoJ.-
a60.443 for the same l945 period
May sales were 256 per cent greater
than the like 1945 months.
Western Auto Supply Co, Missouri
reported June combined sales of
s8,976000. a gain of 1884 per cent
over s4,4l3.000 for the like 1945
month. Combine sales for six
months aggregated s47.7l3.OOO, up
1877 per cent over 500 977 900 last
year.
General Investors Co. today an
nounced as of June 80 net assets
were s44 ,425.81l, equal to s23 80 per
common share. compared with S39.-
468.772, equal to 5000 as of Decem-
her 81, l945.
Pocomeke City National Bank sale
to the County Trust Co of Maryland
has been approved by the Board of
Directors and now is awaiting ap-
proval of the stockholders.
Firestone Tire d Rubber Co. re-
ported profits for the month
period ended last April 80 were
s12,845, 1926 or $500, compared with
sl0,481. .8O6 or s488 in the same
period last year
General Motors Corp. produced
only 9,762 passenger cars last week
compared with l7,767 in the pre-
ceding week, the corporation re-
ported today
Dun e. Bradstreet, Inc, whole
sale food prices index advanced 81
cents this week to a new 26-year
high. The index of 81 food com
modities was S4.88, based on the
cost per pound of each item, com
pared with S4,54 week ago, and
$4.09 a year ago. The advance in
two weeks was 50 cents, and in the
year was 10 cents. The previous
high was s4.89 June 10, 1920.