Evening star., 1948-04-25
Business Briefs

Business COnQltlO0S lIlpl OVcU
slightly in April, aside from the re-
tarding effects of the coal strike
National Association of Purchasing
Agents. Production still is below the
January level, but it has nearly re-
gained its March losses, and back
logs of orders show a tendency to
increase, the NAPA said.
Chain Store Shoe Sales generally
were up nearly 1l9o in 1947, but
profits increased less than 1fo-New
England Shoe g. Leather Association.
Eleven key chains had sales OF $31l,-
524, 4,O22. a raise of 10.Sqo, while COM
bined profits of $14,329, 1903 were
up .7%.
Atlas Corp. was ordered by the
CAB to dispose of its stock in North
east Airlines within 18 months be-
cause it also has controlling interest
in Consolidated Vultee Aircraft
Corp. which makes planes.
PiIIsbury Mills has borrowed $l2,-
100000 from New York Life Insur-
ance Co. on a 3Aqo promissory
note maturing in 1868.
Bristol Myers Co. registered with
the SEC S10,0OO,000 of bonds to be
offered publicly by Wertheim & Co.
Gulf States Utilities Co. received
FPC permission to accept a bid OF
lOl % for $12 100000 of first mortgage
bonds from Halsey, Stuart & Co.
Swift International Co., Ltd, de-
ferred dividend action on its capital
stock pending clarification OF ques-
tions under discussion with the
Central Bank of Argentina.
Republic Steel Corp. earned So
1872, $50 or $1.54 share in the March
quarter VS.. $11 1,516,795 or $l.96
year earlier.
DoehEer-J Jarvis Corp. net income
for tive March quarter was S2,l83, lo3
or 5000 VS.. $2,156,90 or SPOT in the
same 1947 period,
Twentieth Century-FOx Film
Corp. earned S14,003, $40 or $4.81 in
1947 VS.. $22,619,535 or $40 in 1916.
Anderson -Prichard Oil Corp. net
for the March quarter was 81 ,428, l09
Or SIT VS.. S636,699 or 95 cents.
Beech-Nut Packing Co. earned
$1.356OO7 or SO cents in the March
quarter VS.. 1851 ,561 or Sc cents
year earlier.
Detroit Steel Corp. profit for the
March quarter was 81 ,348,997 or
s1.55 VS.. S1,410,250 or $1.71.
American Chicle Co. earned ST.
2O4.O69 or SO cents in the March
quarter VS.. S1,124,70O or 81 cents a
year earlier.
Motor Products Corp. profit for
the March quarter was S922,397 or
s2.36 VS.. S52O,359 or $133.
Paraffine Companies, Inc, earned
$857, $40 Or 81 cents in the March
quarter VS.. S835 ,343 or SIS cents.
General Time instruments Corp.
net for IL weeks ended March 20
was $SO1 ,O79 or 1926 vs.. $498,66O or
$138.
Twin Coach Co. earned $760,059
or S1.54 in the March quarter VS..
1892, 700 or 64 cents.
York Corp. profit for six months
ended March 81 was $1,486,186 or
s1.40 VS.. $1,0O5 $50 or 98 cents in
the same period year ago.
Exec Products Co. earned s722,-
236 or 80 cents in the March quarter
VS.. $89O,264 or $103 a year earlier.
National Cylinder Gas Co. profit
for the March quarter was S515,OO0
or Sc cents VS.. S506,117 or So cents.
Lehigh Portland Cement Corp.
earned $3,689,309 or 1888 in II
months ended March 81 VS.. $751;
523 or 1885 in the previous year.
Newport Industries, Inc, profit for
the March quarter was S503,85o or
IA cents VS.. S968,779 or $l.49 in the
same 1947 period.
Symington- Gould Corp. earned
s2O7,812 or 81 cents in the March
quarter VS.. $20,859 or cents.
Nehi Corp. profit for the March
quarter was $197,632 or 19 cents VS.,
s19O.222 or 18 cents.
Duval Texas Sulphur Co. earned
S256268 or 81 cents in the first
quarter VS.. 1852, 100 or 10 cents.
Atlas Powder Co. net income for
the March quarter was $273,366 or
10 oo,,tc VIC S5S0 215 mr. S1 27