Evening star., 1949-08-28
Business Briefs

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revealed that 500 of the covered
454 companies had lower profits
that a year earlier in the first
half of 1949-New York Stock
Exchange. The total for all COM
panies was 10 below a year
earlier. Motor companies had a
gain of 28.8% and steel COM
panies a rise of 1929, while the
oil group had a drop of 26.4%
the retail group a decline of 1850
and the rail group a decrease OF
1920.
Automobile Production in Au-
gust will set new record of 655,-
$50 units.-Ward's Automotive
Reports. Last weeks output was
estimated at 124,143 cars and 21,-
1872 trucks VS.. 120.189 and 22,474
in the previous week and 1854
and "a, ,081 in the like 1948 week.
Bituminous Coal Output for the
week ended August 20 approx
mated $4,000 tons VS.. 100000
in the previous week and 1881
900 in the like week last year
National Coal Association.
Puget Sound Pulp e. Timber Co.
declared a dividend of Is cents a
common share, payable Septem-
ber 80. Previous payments were
so cents.
American Smelling g. Refining
Co. earned $10.375,859 or 1928 a
share in six months ended June
80, after a $6,300,000 inventory
writedown VS.. $15,377,791 or $5.18
year earlier.
Ingersoll- Rand Co. net income
for three months ended June 80
was S4,783,528 or $2.36 VS.. $4,305,-
1872 or $2.12 in the same 194S Pc
rlod.
Bond Stores, Inc. earned ST.
314,476 or 78 cents in six months
ended June 80 VS.. $2.814,387 or
$167 a year earlier.
Southern Railway net income
for seven months ended July 81
was $4,86o,691 or $2.40 VS.. $10,-
4S8, ,764 or $6.73 in the same 1948
period.
Atlantic Coast Line Railroad
earned $5,051, 1876 in seven months
ended July 81 VS.. $7,697, ,656 a year
earlier.
Western Maryland Railway net
for seven months ended July 81
was $2,830, TAO VS.. $3,313,887 in the
same 1948 period.
Missouri Pacific Railroad earned
$4,120,752 in seven months ended
July 81 VS.. $6,158,575 a year
earlier.
Republic Natural Gas Co. profit
for IL months ended June 80 was
$4,394,153 or 5000 VS.. $3,947 ,001
or $2.72 in the preceding fiscal
period.
Virginia-Carolina Chen / c a l
Corp. earned $4,050,582 in IL
months ended June 80 VS.. $5.037.-
598 in the previous year.
H. L. Green Co. profit for six
months ended July 81 was 81 $685.
323 or $1.39 VS.. $2,010,172 or $1.6S
in the same 1948 period.
Mead johnson g. Co. earned
$977 1862 or 81 cents in six months
ended June 80 VS.. $888,S33 or 81
cents a year earlier.
Interstate Department Stores
had profit of s197,367 or 64 cents
in six months ended July 81 VS..
s586.345 or $1,9o in the same ls4s
period.
Aetna Standard Engineering
Co. earned $1,106,305 or So in II
months ended June 80 VS.. 1914, 4,491
or $2.55 in the previous year.
Zeller's, Ltd, net for six months
ended July 81 was $468.483 OF
$3.12 VS.. $425, ,339 or $2.96 in the
same 1948 period.
Warren Foundry g. Pipe Co
earned $336,672 or $1.98 in six
months ended June 80 VS.. $4l8,-
ITO or $2.46 a year earlier.
Sonotone Corp. profit for six
months ended June 80 was $225,-
$40 or "a cents VS.. $245,8 ,808 or 26
cents in the same period last year
Graham Paige Motors Corp
had a deficit Of $60,725 in three
months ended June 30, excluding
s70,971 of credit adjustments vs.
net loss of $202,704 in the same
1948 period.
Childs Co. announced the resig.
nation of John L. Hennessy az
president, effective August 81. He
will remain as a director and con-
sultant. Kenneth La Barre, vice
president, has been named CHIEF
eYec,ltive officer.