Evening star., 1947-04-27
Business Briefs
Business Activity is continuins

Business Activity is continuing to
rise, but there are increasing
evidences Of tendencies to level OF
in some sectors Commerce Depart
ment. Production is up in general
and that Of finished goods is better
balanced because of improving sup
plies. but buying has become more
orderly. "
Declines in Business reported BY
purchasing agents outnumbered the
reported increases at the end of
March for the first time since price
decontrol--Natiorlal Association Of
Purchasing Agents. However, pro-
|duction continues high and sales
are about even with recent months,
the association said.
North American Co. declared q
cash dividend of Is cents a share,
payable July /. in line with recon-
mendations of President e. 4. Shea.
Canada Dry Ginger Ale has ar
ranged $5.000.00o loan from the
Prudential Insurance Co. for ex-
pansion purposes.
Louisiana Power q Light Co.
asked SEC permission to issue and
sell to its parent, Electric Power &
Light Co.. 100000 common shares
for $4,500, 900 cash.
Proctor q Gamble Co. earned
$24. ,857 or $3.50 a share in
nine months ended March 81, after
provision OF $29, SOC, 900 as a reserve
for inventory price decline, VS..
SIS. .061 300 or $233 a year ago.
Monsanto Chemical Co. profit for
the first 1947 quarter was s4,944, 500
or $1.19, after provision of $500, 900
for relief of employees in the Texas
City disaster. Net year ago was
"a cents share.
Pittsburgh Consolidation Coal Co.
earned $2,804,28 or $1.32 in the first
quarter VS.. s1,626,650 or 81 cents q
year ago.
Peoples Gas Light g. Coke Co. net
income for the first quarter was
2,426,833 or 1910 VS.. $2,s82, 500 or
$4.55 in the same 1916 period.
Engineers Public Service Co.
earned s8.038,801 or 1910 in II
months ended February 28 VS.. $40.
973,927 or s2.46 in the previous year.
Virginia Electric & Power Co. net
for u months ended February 28
was $6,1s2,o22 VS.. 5,949, 1888 In the
preceding fiscal period.
Virginian Railway earned $2,094.-
608 or s1.34 in the first quarter VS..
$l,419,075 or 30 cents year ago.
New York Central Railroad System
reported a deficit of $3,009, ITO in
the first 1947 quarter VS.. a loss of
$6.235,053 in the same period last
year.
Seaboard Air Line Railroad earned
$2,206 ,519 in the first quarter VS.. a
deficit of $1,386, ,693 a year ago.
March profit was $s45 ,o35 VS.. a loss
of 81, ,398,777.
Missouri Kansas Texas Railroad
net income for the first quarter was
$419,0oo VS.. $632, 900 in the same
1916 period.
Doehler-Jarvis Corp. earned ST.
156,905 or $207 in the first quarter
VS.. $519 ,895 or so cents year ago.
Lone Star Cement Co. profit for
the March quarter was s1,175,23e
or $1.24 VS.. $972,976 or $1.o3 in the
same 1946 period.
American Home Products Corn.
earned 81, ,760,439 or 46 cents in the
March quarter VS.. $2,2l9,214 or IS
cents year ago.
Ruberoid Co. profit for the March
quarter was s1,077,1 1853 or $2.71 VS..
$226, ,739 or 81 cents in the same 194S
period.
Electrolux Corp. net for the March
quarter was $1.021, ,507 Or SO cents
VS.. $491 1888 or 40 cents.
Hazel-Atlas Glass Co, earned
$1,065, ,628 or 40 cents in the March
quarter VS.. $1,4o0,771 or "a cents a
year ago.. E4. 4--s-
Victor Chemical Works net for
the March quarter was 1926, 1876 or
79 cents VS.. $501, ,703 or So cents.
Dawson Chemical Co. earned
$799, ,756 or $1.55 in the March quar-
ter VS.. $279,540 or 54 cents q year
ago.
Beech-Nut Packing Co. profit for
the March quarter was 1851 ,561 or
56 cents VS.. $676,254 or A cents.
E. w. Bliss Co. earned S742, ,2O9 or
$2.0l in the March quarter VS.. a loss
Of s226,90s year ago.
National Cylinder Gas Co. and
consolidated subsidiaries reported
net income of $506,117 or 36 cents in
the March quarter VS.. $474,4o or
33 cents.
American Bank Note Co. and sub
sidiaries earned $504, $50 or 81 cents
in the March quarter VS.. $593,3O9
or 81 cents year ago.
Dixie Cup Co. profit for IL months
ended March 81 was $1,219,133 or
$3.81 VS.. $1,213,S45 or $3.79 in the
preceding fiscal period.
Colgate Palmolive Peet Co,
elected j. H. Blakney vice president
in charge of purchases.