Evening star., 1947-08-03
Business Briefs

Iron Ore Shipments from upper
lake ports in July totaled 12,sl3,820
gross tons, a gain of 1,765 ,435 from
the same 1946 month-Lake Super
Tor Iron Ore Association. For the
season to date. shipments totaled
1892 ,53s tons. up 15,o43,700 from a
year earlier.
Britain's Imports reached a value
Of $1,824, ,o0o. 600 in the June quarter
q T-year high for the period and
q gain Of $36s 900 900 from the pre-
ceding quarter-Board Of Trade
Journal. The total was 81 ,O60 ,000, 900
above the value of exports for the
same period.
Smallest Lamb Crop Since 1875
will be produced this year-Agricul-
ture Department. The estimate was
22.369. 900 head, drop Of o per cent
from 1916.
Southern Co., q new holding firm
formed under liquidation plans for
Commonwealth & Southern Corp,
was given SEC permission to acquire
dve companies: Alabama Power,
Georgia Power, Savannah River
Power, Mississippi Power and Gulf
Power.
Timken Roller Bearing Co. de-
clared dividend Of rs cents a COM
mon share, payable September s.
Previous payments were so cents.
Consolidated Textile Co. declared
yearend dividend Of IS cents a
common share, payable August %,
raising fiscal year payments to $1.75
VS.. 30 cents In the preceding year.
Capital City Products Co. declared
an extra dividend OF $3 and q regu-
lar quarterly Of IS cents common
share, both payable August 26. An
extra Of 81 was paid in JANUARY.
Consumer Power Co. asked SEC
permission to sell $25, 900 900 Of 80
year first rortage bonds at competi-
tive bidding to finance improve
ments.
Burlington Mills Corp. stockhold-
ers' meeting, originally called for
June 16, adjourned Friday until
August 20. Holders will vote on a
plan to give voting rights to
cumulative preferred stock and issue
$50, 900 common shares and $4,000
cumulative preferred shares.
CocA-Cola Co. earned $11 ,306, ,083
or S2.75 q share in the first half of
1947 VI. $10,3s1,6 ,675 or $2.52 q year
earlier. Net for the June quarter was
$7,S56,549 vs.. $7,060,952.
Clinton Industries, Inc, profit for
the first half was $2,305, ,406 or
500 vs.. 1907 ,661 or $124 in the same
1916 period.
Talon, Inc, earned $1,s2S, ,604 or
51.Ss in the first half VS.. $l,s11,114
or $1.s1 a year earlier.
McGraw-Hill Publishing Co. net
income for the first half was
Sl,273, ,43s or 1924 VS.. $1,097.11S or
s1.s2 in the same 1916 period.
National City Lines, Inc, earned
s1,1l3,707 or u cents in the first
half vs.. $l,1s7 ,99s or so cents year
earlier.
National Cylinder Gas Co. profit
or the first half was $1,10o,077 or
Il cents VS.. $1,17s,50l or SO cents in
ne same 1916 period.
United Drill & Tool Corp. earned
ss4s,0s7 or $lso in the first half
IS. $7O5, ,447 or $1.29 q year earlier.
b. r. Babbitt, Inc, profit for the
irst half was $s4s, ,225 or 90 cents
s. $1.374,13s or $l.35 in the same
ls46 period.
Hayes Mig. Co. earned $610, 1876 or
38 cents in the June quarter VS..
a deficit Of $130,107 a year earlier.
North American Car Corp. net in
come for the first half was $442 1893
or $2.7I VS.. $243,534 or $1.62 in the
same 1946 period.
SeiberlinS Rubber Co. earned
$52,17s in the first half VS.. $615,s73
year earlier. A seven-week strike
this year cut earnings.
International Shoe Co. announced
it would hold the line on Fall shoe
prices.
Peruvian International Airline
was given CAB permission to fly
from Peru to Montreal, with domes-
tic stops at Washington and New
York.
Continental Can Co. announced
sale of Nashville Corrugated BOX
Co. to Mengel Co.
New York Central System an
nounced plans to begin experimental
operation in October of radio tele-
phone service on the 20th Century
Limited between New York and
Buffalo.
w. L. Maxson Corp. named Hugo
A. Leander president to succeed the
late William L. Maxson.