Evening star., 1948-05-27
Business Briefs

bank CiCdIIIlSS III 20 1CdolAi6 SAcAS.
declined to s14,103, ,085 900 in the
week ended May 26 VS.. s14,73o, ,744, ,00(
ir the previous week, but remained
206eo above the S11.693, ,425, 900 OF
the like 1947 PETROLEUM &
Bradstreet.
Automobile Production this week
will total 89,l07 units VS.. 85,822 last
week. ek.-Automotive News. The
Clrysler shutdown was more than
offset by increased activity of other
makers.
Freight Loadings In the week
ended May % totaled 879,15S cars, a
gain of 3.7eo from the previous week
but 1.3eo below the like l947 week
Association OF American Railroads
Civil Engineering Contracts for
the week ended today totaled sl8e,.
100000, second highest weekly total
of 1948. and compared with S62, 2,723,-
900 in the previous week and S72,-
226,000 year ago.-Engineering
NeWS-Record.
New Furniture Orders in Apri
failed to show a year-to-year in
crease for the first time in three
vears-Seidman g. Seidman. Orders
for the first l948 quarter were II pei
cent above year earlier, but April
orders were II per cent below April
l947.
International Telephone & Tele-
graph Co. may be able to pay a
dividend this year If earnings con-
tinue at present levels, President
SoSthenes Behn told stockholders
Earnings should be about $4,000, ,00C
this year vs.. $22,068 last year. he
said
Abbott Laboratories declared an
extra dividend of 30 cents and a
regular quarterly of so cents, both
payable July /.
Omnibus Corp. decided to omit
the common stock dividend due at
this time because of operating losses
of New York subsidiaries.
Phillips Petroleum Co. has In
creased net crude oil reserves about
los, 100000 barrels so far in l94S
President Adams disclosed. Refln-
ing capacity has been increased to
147,450 barrels daily VS.. $4,000 at
the end of 1947.
Consumers Power Co. earned Sl4,.
1882 or S2.84 share in II months
ended April 80 VS.. 14,575, ,006 or 1924
In the previous year.
Ohio Edison Co. net income for Il
months ended April 80 was $7.269. .171
or $3.l5 VS.. s7,022,092 or s3.03 in
the preceding fiscal period.
Pennsylvania Power e. Light Co
earned $7,139,328 or $203 in Il
months ended April 80 VS.. $7,l25,-
481 or $206 in the previous year.
Food Machinery Corp. net for the
March quarter was sl,686,823 OF
s1.22 VS.. S1,264,680 or $lS9 in the
same 1947 period.
Oliver Corp. earned s3,455 ,304 OF
s407 in six months ended April 80
No comparisons for a year earlier
were available.
Addressograph Multigraph Co
profit for nine months ended Apri
80 was S3,773,472 or $5 VS.. $3,3l5,0 ,04-
or $439 a year earlier.
Southland Royalty Co. earnet
Sl,l88,613 or sl.39 in the Marcl
quarter VS.. s504,869 or SO cents.
Lee Rubber & Tire Corp. prof
for six months ended April 80 wa
s923,640 or 1854 vs. 1891 ,636 o
S5.76 in the same l947 period.
United States Leather Co. earne,
k470542 in six months ended Apri
80 VS.. Sl.275,442 a year earlier.
Pressed Steel Car Co. reported
loss of 1862 ,419 in the March quartz
VS.. profit of $449. .403 or 50 cents il
the same l947 period.
Pet Milk Co. had deficit of STOP,
o42 for the March quarter VS..
profit of S415,810 or 81 cents yea
earlier.
Norwalk Tire & Rubber Co. re
ported a loss of S29. .736 in six month
ended March 81 VS.. profit of $l86,
bl9 or 80 cents.
John Wanamaker Store at Phila
delphia announced the election Q
Richard c. Bond as vice president