Evening star., 1947-04-25
Business Briefs
Retail Trade In the last wee

Retail Trade In the last week de-
clined slightly from the previous
week in most areas and averaged
from 2qo above to 90 below a year
ago.-Dun g. Bradstreet. Increasing
consumer resistance, labor diff1cul-
ties and adverse weather were fac
tors.
Money in Circulation declined to
28.105 100000 on April %, drop
of $58,000000 from a week earlier,
but s228.000, 900 above year ago
Federal Reserve Board
Standard Oil of California raised
the quarterly common dividend to
IS cents from IS cents, with decla-
ration payable June 16. Profit for
the first quarter was 18,493 ,967 or
S1.42 q share VS.. $l4,530,519 or SLIP
year ago.
Cities Service Co. amended simpli-
cation plan, including eventual re-
tirement of 500, ,488, 300 of SO de-
bentures. was approved by the SEC.
O'Sullivan Rubber Corp. stock
holders authorized an increase in
preferred stock to 10000 shares
from 1880 and an increase in COM
mon to soc, 900 from 100000 shares
Cleveland Cliffs Iron Co. elevated
Edward B. Greene from president
to board chairman and indicated
in proxy statement he would serve
as chairman Of proposed $90,000,-
600 company to be formed through
merger of the firm with Cliffs Corp.
Bethlehem Steel Corp. earned
s16,090,426 or $4.S4 a share in the
first 1947 quarter VS.. $4,804 ,438 or
sl.06 a year ago, when operations
were affected by strikes.
General Foods Corp. profit for the
first quarter was $5,446,075 or SO
cents, after provision of 100000
for contingencies, VS.. $4.644,274 or
SO cents in the same 1916 period
Atchison, Topeka e. Santa Fe
Railroad net income for the first
quarter was s9.840,366 VS.. $11, $685.
247 year ago.
Borg-Warner Corp. earned $4,684,-
481 or $l.93 in the first quarter VS.
s3l0,772 or 13 cents a year ago.
Allegheny Ludlum Steel Corp.
profit for the first quarter was
$1,829,609 or s142 VS.. s252,043 or 20
cents in the same 1916 period.
Budd Co. earned $l,812,568 or so
cents In the first quarter VS.. loss
of si,044.574 year ago.
Texas Gulf Sulphur Co. profit
for the first quarter was SASH
978 or sll8 VS.. s2,952,734 or II
cents.
American Radiator e. Standard
Sanitary Corp. earned $3,478,2l2 or
"a cents in the first quarter VS..
s712,255 or 6 cents year ago.
National Cash Register Co. net for
the first quarter was $2.373,6 ,669 or
s1.46 VS.. deficit of $343,2 ,2o6 in the
same 1916 period.
A. E. Staley Mfg. Co. earned
s3,3o2,S74 or 1885 In the first quar-
ter VS.. 1892 or $l.09 a year ago
Union Bag g. Paper Co. profit for
the first quarter was $2,67l GAL or
$40 VS.. $956.S20 or rs cents.
Gimbel Brothers, Inc, earned
s13,418,851 or $6.46 In II months
ended January 81 VS.. $5,749,283 or
$3.50 in the previous year.
Bell Telephone Co. Of Pennsyl-
vania net income for u months
ended March 81 was $13,459,657 or
s897 VS.. s1l,o5l,sI8 or $3.50 in the
preceding fiscal period.
Radio-Keith- Orpheum Corp earn
ed s12,187,8o5 or $3.l7 in 1946 VS..
s6.osl, ,o85 or .sl.5s in the previous
year.
Acme Steel Co. profit for the first
a947 quarter was s2,055,1l8 or $2.0s
vs.. s67e ,329 or SO cents in the same
1916 period.
Barnsdall Oil Co. earned $1,664, ,542
or Is cents in the first quarter VS..
aloe, ,406 or IS cents year ago.