Evening star., 1947-09-07
Business Briefs
Bank Eearnings of all commerci;

Bank Eearnings Of all commercial
banks and trust companies in New
York during the first half OF l947
appropriated SIS, 9,468, 900 VS.. $685.
623, 900 in the same period last
year-State Banking Department.
Higher payrolls and lower interest
on Government bond holdings were
major factors.
Grimes Golden Apples. tirst OF the
commercial varieties, will start NOV
ing to market tomorrow. accordlng
to a report from Martinsburg. W.
Va
Nash-KeIvinator Corp. will cut
auto production to 400 day from
$40 because of a shortage OF sheet
steel. More than 750 employees VII!
be affected.
Borg-Warner Corp. declared 2
quarterly dividend of IS cents
common share, payable October /
Previous payments were so cents.
Texas Co. stockholders will receive.
rights to subscribe for new sha'
for each five held on September /
The price and purpose of the of1ei
will be announced later.
Spiegel, Inc. sales for August
totaled $9,474037, a drop Of 9.9fe
from a year earlier; for eight
months, s73,152 ,502, gain of 1920.
Mercantile Stores Co. sales in Au-
gust totaled $500. decline OF
$40 from a year earlier: in seven
months ended August 81, $5S 1888 300,
an increase of S.9qc.
HI. L. Green Co. sales for August
totaled s7,155,625, drop OF 3.3|
from a year earlier; for seven
months ended August 81, $48,22l ,9lG,
gain Of Sc.
McCrory Stores Corp. sales in Au-
gust amounted to $6,57l ,l53, a de-
cline of 1870 from year earlier: IN
eight months, $51,804,520, an in
crease of, $50.
Interstate Department Stores
sales for August totaled $4,863,5l3,
gain of 4.4eo from year earlier.
J.J. Newberry Co. sales in August
totaled $8,612,984. drop OF $50
from year earlier; in eight months,
$66 .458. .343, an increase of 1.5%o.
Electric Auto-Lite Co. earned $5,-
05T,865 or 1898 share in the flrst
halt of 1947 VS.. a net loss of $379, $50
year earlier.
Bell Aircraft Corp. reported a de-
ficit of $2l0,e34 for the first hall
VS.. a deficit of $419,O52 in the same
1916 period.
Bunker Hill & Sullivan Mining
Corp. earned $2,53l.738 in the first
half VS.. $7G8 280 year earlier.
Exec Products Co. profit for the
first half was $l,280, ,424 or $i43 VS..
81, ,585, ,057 or s191 in the same ls46
period.
Bath Iron Works Corp. reported
loss of 81 ,O9O,l for the first half
VS.. profit of $1,784,S45 or $4,26 in
the same period last year.
| Ayrshire Collieries Corp. earned
S2,343,849 or $16.48 in IL months
ended June 30, including a non
recurring profit of $l32,637, vs.,
S817,756 or $5,75 in the previous
year.
Harris Seybold Co. profit for II
months ended June 30 was $3.50, ,292
or s6.47 VS.. $387 ,967 or 1921 in the
preceding fiscal period.
Sparks wilmington Co. earned
1857 ,739 or SO cents in IL months
ended June 80 VS.. $216,862 or
% cents in the previous year when
S76O,312 Federal tax credit was in
Guided
Baldwin Rubber Co. net for II
months ended June 80 was S855,963
or $2.72 VS.. S294,977 or "a cents
in the. preceding fiscal period.
Sterling Motor Truck Co. earned
$443,347 in nine months ended
July 81 VS.. $136,442 in the same
period a year earlier.
Locke Steel Chain Co. profit for
IL months ended June 80 was
S349, ,OO4 or $317 VS.. $25l,779 or
$2.29 in the preceding fiscal period.
RCA Communications, Inc, elected
Mai. Gen. Harry c. Ingles. re-
tired, president and director. He
also was elected director OF