Evening star., 1949-09-22
Business Briefs
cIsar;nps in o. Iee

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cities expanded to $15,145,4 ,442, 900
in the week ended September 81,
a gain Of 1870 from the previous
week, but remained 6.4% below
the like 1948 week-Dun g. Brad
street.
Business Loans o. member
banks in leading cities expanded
to $13.171. 900, 900 on September
IA, a gain of $164, ,000,0 900 from a
week earlier, but remained ST.
OH 100000 below year earlier
Federal Reserve Board.
Engineering Construct Il o n
Awards this week totaled $685.
659, 1000, q gain of 219o from the
previous week and 1870 above the
like 1948 week-Engineering News
Record.
Building Permits in 215 leading
cities for August were valued at
$347, ,409, ,808, a gain of 1929 from
the previous month, but were 74%
below the same 1948 month-Dun
& Bradstreet. For eight months
Of 1949 the total was $2.527, 1885,
054,. a drop of $40 from the rec
ord of a year earlier.
New Passenger Car Registra-
tions in August will approach the
100000 mark-R. L. Polk & Co.
The preliminary estimate is 493,-
900, a new postwar monthly
record.
Cotton Spinning Operations for
August averaged 102.5% of ca
pacity VS.. 1867 in the previous
month and 1852 in August,
1948.-Census Bureau.
Crude Oil Production in the
United States averaged 4.845,300
barrels daily in the week ended
September II VS.. 4,850,550 in the
previous week and 1924 $50 in the
like 194S week.-American Petro-
leum Institute.
Pan American Always COM
pleted arrangements to borrow
$50 10000 from a group of 80
large banks in connection with its
proposed acquisition of American
Overseas Airlines.
West Virginia Pulp & Paper Co.
declared a year-end dividend Of 81
a common share, payable October
IA, raising payments for the year
ended October 81. to So VS.. 81 in
the preceding year.
Miami Copper Co. declared q
dividend of SO cents a common
share, payable October 20. The
company paid a like amount
March 81 plus an extra of Is cents.
Consumers Power Co. earned
$14,771, ,049 or $2.55 a share in II
months ended August 81 VS.. $13,-
933,281 or $2.74 in the previous
year.
Detroit Edison Co. net income
for IL months ended August 81
was $13,152,242 or $1.88 VS.. So
727,726 or $1.39 in the preceding
fiscal period.
Alabama Power Co. earned So
073,693 in IL months ended Au-
gust 81 VS.. $6,138, ,496 in the pre-
vious year.
Gimbel Brothers profit for II
months ended July 81 was 8,108,-
216 or 1913 VS.. $7,176, 1862 or 1929
in the preceding fiscal period. Net
for six months ended the same
date was $1,565. 1896 VS.. $2,335, 1896
in the same 1948 period.
MeKesson & Robbins, Inc,
earned $8,s12,593 or $4.90 in IL
months ended June 80 VS.. $780,
1913 or $4.89 in the previous year.
Ohio Edison Co. net income for
IL months ended August 81 was
81, ,698,833 or $2.95 VS.. $7,274 ,954
or $3.15 in the preceding fiscal
period.
Vacuum Foods Corp. earned
$908.577 or $2.57 in II months
ended July 81 VS.. $149,566 or 20
cents in the previous year.
Gulf Oil Corp. appointed w. r.
Huber general manager of retail
marketing; D. P. Clark, general
Of direct marketing, and
w. E. Dermody, advertising man.
ager.
Briggs Mfg. Co. appointed Rob-
ert F.. Anthony director Of adver-
Using and sales promation Of the
ware division.
Jaeger Machine Co. elected Ray
M. Mclean president to succeed
o. q. Mandt. who resigned.