Evening star., 1949-11-17
Business Briefs

.DuSIIISS0 HssSsS
Bank Clearings in Is leading
cities rose to $12,916, ,108,0 900 In the
week ended November Is, a rise
of 1870 from the previous week,
but remained 3.8% below the like
1948 week-Dun & Bradstreet.
Automobile Production in the
United States this week will in
clude 92,266 cars and 1885
trucks VS.. 1857 and 1919 last
week-Automotive News. Auto
plants still have a good chance to
reach a production goal OF 6,000,-
900 cars and trucks this year, the
publication said.
Cotton Consumption by domes-
tic mills in October totaled 725 ,602
bales Of lint and 143,096 Of linters
VS.. 7O9,958 and 140,720 in the pre-
vious month and 696,5o5 and 329,-
492 in october, 1948-Census Bu-
reau.
Construction Awards this week
jumped to $217,758,000. a rise Of
96% from the previous week and
77qo above the like 1948 week
Engineering News-Record. The
rise ended q six-week slump.
Business Loans Of member
banks in leading cities rose to
$13,783, ,000, 900 on November 8,
a gain Of $50, 100000 from a week
earlier, but remained $1.s12.000.-
900 below a year earlier-Federal
Reserve Board.
Portsmouth Steel Corp. stock
holders ratified consolidation with
Detroit Steel Corp. Holders of
9,065 of the company's 1926, ,000|
shares opposed consolidation.
= General Aniline e. Film Corp.
announced price reductions on
AnSco cameras ranging to 40%.
Cities Service Co. declared a
quarterly dividend Of 81 and al
yearend special of 81, both pay
able December 10. Previous quar-
terly payments were so cents. Net
income for the company and sub
sidiaries was $50, 1884 1888 or $10.76
a share in nine months, ended
September 80 VS.. $48,631. .629 or
$13.13 a year earlier. ,>
American Stores Co. declared a
quarterly dividend of so cents a
common share. payable January
3. Previous payments were IS
cents.
United Carr Fastener Corp. de-
clared an extra dividend of 81
and q regular. quarterly of so
cents. both payable December 10.
Texas Gulf Sulphur Co. de-
clared an additional dividend of
so '1ents and q regular quarterly
OF IS cents. both payable Deem
ber Is.
Allen b. Du Mont Laboratories
declared q dividend of so cents,
payable December "a. The COM
pany an initial dividend OF Is
cents last December.
American Smelling & Refining
Co. earned $19,750,995 or 1851 in
nine months ended September 80
VS.. $25,215.ss5 or $3.50 a year
earlier.
Greyhound Corp. had net in
come of $9,116,162 or 96 cents in
nine months ended September 80
VS.. $12,440,721 or $1.31 in the
same 1948 period.
Pacific Western Oil Corp.
earned $4,467,735 or 1925 in nine
months ended September 80 VS..
$4.538,026 or $3.50 a year earlier.
Island Greek Coal Co. net in
come for nine months ended Sep
tember 80 was $3,503, 1913 or $2.85
VS.. $4,669. .050 or $3.83 in the same
1948 period.
Pfeiffer Brewing Co. earned
So, ,102, ,026 or $5.18 in 10 months
ended October 81 vs.. $1,717,894l
or 81 a year earlier.
Truax-Traer Coal Co. net for
six months ended October 81 was
Sill, ,403 or II cents VS.. 2,282, ,588
or 1882 in the same 1948 period. |
North American Oil Console
dated earned $1,788,825 or $6.58
in nine months ended September
80 VS.. $1,792,300 or $3.50 a year
earlier
Puget Sound Pulp q Timber
Co. profit for nine months ended
September 80 was $945,9 or
s1.22 VS.. $4,468,339 or $5.74 inl
the same 1948 period.
American Water Works Co. and
subsidiaries earned $1,659,35 or
81 cents in nine months ended
September 80 VS.. $l,554,672 or 81
cents year earlier.
American Zinc, Lead & Smelt-
ing Co. net income for nine
months ended September 80 was
s788, ,230 or 70 cents VS.. $416,713
Or "a cents in the same 1948 Pc
Rod.
Western Air Lines, Inc, earned
b349,194 or 66 cents in nine
months ended September 80 VS.. a
jef3cit of 1901 782 n vAar earlier