Evening star., 1948-07-18
Business Briefs

fc CdicS OI 1,SI ~. .. companies IN
the first three months of 1948
Appropriated $4,000 100000, a drop
OF 1.6% fro mthe previous quarter,
but were 1880 above the like 1e47
period - Securities Commission.
Trends were mixed. Compared with
a year earlier, SO groups showed
increases. but 80 registered declines.
Cash Dividend Payments on COM
mon stocks listed on the New York
Stock Exchange were 14.4ro above
year earlier in the first half Of
this year. However, distributions
were far more uneven than last
year.
Atcheson, Topeka a. Santa Fe
Railway request for a direct access
to st. Louis was turned down by
the ICC on vote of 8 to 3, with
Chairman William Lee and Commits
sioners Hahafie and splawn dis
senting.
Allen b. Dumont Laboratories,
Inc, registered with the SEC 10000
shares of SO cumulative convertible
preferred stoc kto be sold publicly
at $40 a share. Part of the proceeds
may be used to buy a large manu-
featuring plant.
Philadelphia Co. received SEC
permission to redeem $13,477, 900 Of
4A9o collateral trust sinking fund
bonds at par and accrued interest
plus 3A% premium
Long Island Light & Power Co.
was authorized by the SEC to borrow
$8,000,0o from four banks on its
unsecured note.
United Public Utilities Corp. re-
ceived SEC permission to retire its
preferred stock on condition that 1t
increase the cash distribution to
holders by 7l,75l.
United Biscuit Co. declared an ex-
ira dividend of 20 cents and a reg
ular quarterly of Is cents, both pay
. able September /. An extra of SO
cents was paid in December. Profit
for six months of 1948 was 81 2,418,0 ,002
or 1884 a snare vs.. 81, ,463, BOT or 1888
a year earlier.
Beneficial Industrial Loan Corp.
declared a dividend of 371a cents
common share, payable September
30. Previous quarterly dividends
were 80 cents. A year-end payment
of 30 cents was made in January.
Virginia Caroline Chemical Corp.
declared dividend of Sc a share on
account of accumulations on SO
cumulative participating preferred
stock, payable August IA. Arrears
on July amounted to $3.50 a
share. The company paid $3.50 in
July.
Sunshine Biscuits, Inc. earned
SO 301 ,875 or 1925 a share in six
months ended June 80 vs.. $3,2l6,814
or S3l5 q year earlier.
Mullins Mfg. Corp. net income for
= six months ended June 80 was So
1925 or 1852 VS.. $2.324,581 or $4.O7
in the same 1947 period.
Safewsy Stores, Inc, earned So
200,507 or SLOT in "a weeks ended
June u VS.. $4,77l, TIA or s166 a year
earlier.
Philadelphia & Reading Coal &
Iron Co. profit for six months ended
June 80 was s2,3Ss,591 or $1.e7 VS..
$l,918,731 or $134 in the same 1947
period.
Bayuk Cigars, Inc, earned $685.
TAB or $110 in six months ended
June 80 VS.. s1,3l2,814 or $167 a year
earlier.
Beech Aircraft Corp. net for nine
months ended June 80 was 1868 800
or $2.17 VS.. a loss of 81 ,562, $50 in the
came period year ago.
Plymouth Rubber Co. earned $685.
982 or II cents in six months ended
June 80 VS.. $1,122,704 or $1.24
year earlier.
Central Hudson Gas e. Electric
Co. net for three months ended June
80 was $304,94 or Is cents VS. $780,
Ola or Is cents in the same 1947
period.
New York Stock Exchange re-
ported loss of 1904, ,478 in the first
half of 1948 VS.. deficit of $685. ,104
in the same 1947 months.
Emsco Derrick & Equipment Corp.