Evening star., 1948-07-25
Business Briefs


slightly in June and approached the
peacetime peak set in February
Federal Reserve Board. The boards
index for June was 92%o above the
1853 average This was / point
above the revised figure for May
and 3 points ahead of April.
New Business of brass and wire
mills and other makers of copper
products reached the highest level
in 212 years in June. Orders placed
in the month required 147,8l9 tons
of copper VS.. l24,272 in the previous
month.
Monetary Gold Stock Of the
United States increased by S228,-
508 900 in June to total S23, ,532 ,459,-
900 at the end of the month-Com-
merce Department The amount
held for foreigners decreased $751;
670.644 to S3,801 ,544 092.
Open Hearth Steel Scrap Price at
Pittsburgh was raised $3.50 ton
to a current figure Of SAB ton.
1t was the first increase since jan
uary when the price rose to $4,000
Arkansas Power g. Light Co.
registered with the SEC $500 900
of first mortgage bonds, due 1878,
to be offered at competitive bidding.
Proceeds will be used for construc-
ton.
General Steel Casting Corp. de-
clared a dividend of 1925 on the S6
preferred, in arrears, payable August
20. Net for six months ended June
30 was S1,560898 VS.. 81 1,481 1897 in
the same l947 period.
Youngstown Sheet & Tube Co.
earned S5,6O9,7 or 1894 share in
three months ended June 80, VS..
S4.293, ,389 or S256 year earlier.
Pittsburgh Consolidation Coal Co.
net income for six months ended
June 80 was $8,113,614 or 1888 VS..
$5,545,2l7 or $2.52 in the same 1947,
period.
Long Bell Lumber Co. (MissourD
earned $6,6O8,OO9 or 1891 in six
months ended June 30 VS.. $5,980,256
or S3 q year carrier.
American Home Products Corp.
profit for six months ended June 80
was $4,390,146 or $114 VS.. $2,8O7751
or 73 cents in the same 1947 period
National Supply Co. earned So
642,978 or 1928 in six months ended
June 30 VS.. $3922, ,658 or $283 year
earlier.
Reynolds Metal Co. profit for six
months ended June 30 was S3068,-
OLA or $3.50 No comparisons for a
year earlier were issued
Wisconsin Power & Light Co.
earned $2,744 .4O6 in six months
ended June 30 VS.. s2,870,502 year
earlier.
Detroit Steel Corp. net for six
months ended June 80 was 81 ,498,-
O42 or $279 VS.. s2,747,43 or 1894.
Northwest Incorporation earned
$2,678,499 or $173 in six months
ended June 80 VS.. $2,141, ,159 or $138
a year earlier.
Philip Carey Mfg. Co. net income
for six month ended June 80 was
s1,753035 or s214 VS.. $l,433, $40 or
STA.
United States Playing Card Co.
profit for six months ended June
30 was S1,171 ,724 or $304 VS.. $886,411
or $3.50.
Atlas Powder Co. earned $589, ,859
or Sl75 in six months ended June
30 VS.. s1,Ol7,26l or S342 year
earlier
New York Dock Co. net income for
six months ended June 80 was
$379, ,783 or $1a5 VS.. s418.280 or 81 40.
Baltimore Transit System reported
deficit of $599, 1853 in six months
ended June 30 vs. net income Of
1904, ,502 in the same 1947 period.
zAllied Products Corp. earned $424,-
100 or $169 in six months ended
June 80 VS.. S445,4 1853 or $1.78 year
earlier
GIidden Co. will build a $1,000 900
soybean extraction plant adjacent
to its feed mill in Indianapolis.
Construction announced by the COM
pany in the last three years now
totals 100000.