Evening star., 1949-11-25
Business Briefs
LIST INCLUDES ONLY

Bank Clearings in Is Leading
cities rose to $14,472, 500 900 in the
week ended November %, a gain
OF 11.9 per cent from the preceding
holiday week, and were i per cent
above the like 194S week-Dun d.
Bradstreet.
Business Loans Of member banks
IN leading cities totaled $685.
100000 on November 16, q rise of
$4,000. 900 from a week earlier, but
remained $1.7s6, ,ooo,ooo below a
year earlier - Federal Reserve
Board.
Crude OIL Production in the
United States averaged 5,211, ,o5o
barrels daily last week VS.. 5,185, $50
IN the previous week and 5,707. $50
In the like 194s week-American
Petroleum Institute.
Carnation Co. declared an extra
dividend Of 81 and a regular quar-
terly Of so cents, both payable
December is. No extra was de-
clared a year ago.
Thatcher Glass Mfg. Co. de-
clared q cash dividend Of 10 cents.
payable December 80, and q stock
dividend Of 3 per cent, payable
December 30 or soon thereafter.
Thermoid Co. declared q year
end dividend Of Is cents. pavahle
December ~.
Commercial Credit Co. declared
q quarterly dividend of 81 and a
special Of 80 cents, both payable
December 81, raising 194s pay
ments to a..
National Gypsums Co. declared
an extra dividend Of rs cents and
q quarterly dividend of rs cents,
both payable December is, raising
1949 payments to $1.25 VS.. 81 in
194S.
Patino Mines & Enterprises Con-
solidated, Inc, ordered a dividend
OF so cents in' United States cur
rency. payable December Is. The
only other l949 payment was so
cents in March.
Savage Arms Corp. declared a
year-end dividend of IS cents a
common share, payable December
Il. lifting 1949 payments to Sits.
same as last year.
Union Pacific Railroad declared
a quarterly dividend of $1.25, pay
able January 3. An extra of 81
was paid year ago. Net income
for the system in 10 months ended
October 81 was $35, ,207,721 or
SLIT a share VS.. $50, $780, ,165 or
$11.98 in the same 1948 period. =.
Federated Department Stores
earned $3,670.837 or $1.32 in the
quarter ended October 20 vs.. S.
972,298 or $1.62 a year earlier.
New England Electric System
had net. income of $7,474,8l6 or
Sill in ten months ended October
81 VS.. $5.823.167 or 81 cents in
the same 1948 period.
Wheeling & Lake Erie Rail-
way earned $4,771,514 or $12.s1
in ten months ended October 81.
vs.. $7.722.542 or $21.47 q year
earlier. - al
Western Pacific Railroad Sys-
tenn had net income Of 32,S39,41s
IN ten months ended October 81
VS.. $3,5s3,679 in the same 194s
period.
Southland Royalty Co. earned
$2.202.007 or $3.50 in nine months
ended September 30 VS.. $3,l47,-
966> or 1910 a year earlier.
American Potash & Chemical
Corp. net income for nine months
ended September 80 was $l,l69,-
847 or $1.82 VS.. $1,177,560 or
$1.83 in the same 1948 period.
Falconbridge Nickel Mines
earned $1,040,961 or 81 cents in|
nine months ended September sol
VS.. $865,513 or 26 cents q year
earlier.
Hamilton Watch Co. net income
for nine months ended September
80 was $1,005, 1923 or $2.33 VS..
$789,548 or SLIT In the same 1948
period. 4
General Finance Corp. earned
t904.358 or 80 cents In nine months
ended September 80 VS.. $685., ,406
or IS cents year earlier.
American Broadcasting Co. had
a deficit Of $482. 900 In nine months
ended September 80 VS.. profit Of
$40 900 or rs cents q share In the
same l948 period.
Rockefeller Center, Inc, pro-
NOTED G. S. Eyssell to executive
vice president. He has been exec
lltive manaper