Evening star., 1949-10-27
Business Briefs

Business Briefs
Bank Clearings in Is leading
cities dropped to $13,025,1 900
in the week ended October 26,
decline of 14.4qo from the pre-
vious week and 9.2% below the
like 1948 week-Dun & Bradstreet.
Business Loans Of member banks
in leading cities totaled $l3,647,-
600, 900 on October 10, gain of
$81 100000 from a week earlier,
but remained $1,727 100000 below
a year earlier-Federal Reserve
Board.
Automobile Production in the
United States this week will in
|clude 1929 cars and 1880
trucks VS.. 117,411 and 1888 last
week-Automotive News. How
ever, mass shutdowns are in al
most prospect. the magazine said.
Engineering Construct n
awarded this week rose to $135.-
843, 900, a 1870 gain from the pre-
vious week, but a drop of 24%
from the like Notwithstanding
NeWs-Record.
Zinc Price was increased to 912
cents a pound, East st. Louis
basis, by a major custom smelter.
Union Oil Co. of California an
nounced it had completed acqusi-
ton of the outstanding capital
stock of Los Nietos Co. from five
grandchildren of the late Edward
L. Doheny.
Gulf Refining Co. has complet-
ed a $35,000,000 expansion and
modernization program at its
Toledo and Cincinnati (Ohio) re-
flneries.
Westinghouse Electric Corp.
earned $48, 1854 ,408 or 1884 a share
in nine months ended September
80 VS.. 37.296,345 or $274 a year
earlier. Net for three months
ended September 80 was s20,554,-
! 447 or $1.54 VS.. $9,855,245 or 72
cents.
Republic Steel Corp. profit for
nine months ended September 80
was $35,347,874 or $5.78 VS.. $29,-
812, ,788 or $5.03; for three months
ended the same date, $3.50. 703
or s1.60 VS.. $12.874,398 or $2.19.
Phillips Petroleum Co. earned
$32, ,684 ,66e or $40 in nine months
ended September 80 VS.. $55, 5,702,-
722 or 1921 a year earlier. Net
for three months ended September
80, $10,7a1,537 or SLIT VS.. s19,-
221 400 or 1913.
Inland Steel Co. net income for
nine months ended September 80
was $23,842,637 or $4.87 VS.. $24,-
;819,526 or $5.06 in the same 1948
period.
Texas Gulf Sulphur Co. earned
5,672, ,092 or $1.70 in three months
ended September 80 VS.. $6,065, ,887
or $1.58 year earlier.
Lone Star Gas Co. net income
for nine months ended September
80 was $6,384,219 or $1.16 VS..
ss,284,239 or s1.69.
| United Merchants & Maunfac-
tureIs, Inc, profit for three
months ended September 80 was
81, ,803, 900 or AZ cents VS.. $3,774,-
1886 or 88 cents in the same 1948
period.
Minneapolis Honeywell ReguIa-
tor Co. earned $4,967 .430 or 3.71
in nine months ended September
80 VS.. $2,931 ,502 or $2.14 a year
earlier.
Freeport Sulphur Co. net in
come for nine months ended Sep
tember 30 was $4,016,121 or $500
VS.. $2,842, ,729 or $3.55 in the same
1948 period.
American Brake Shoe Co. earned
$3,413,032 or $2.84 in nine months
ended September 80 VS.. $3,35S, ,652
or $2.78 a year earlier.
Shelter Mfg. Corp. profit for
nine months ended September 80
was $2,910,598 or 1921 VS.. 81 ,882,-
900 or $3.35 in the same 1948
period.
Brooklyn Union Gas Co. earned
81, ,669, ,596 or 1888 in nine months
ended September 80 VS.. $295 ,045
or 40 cents year earlier.
James Lees e. Sons Co. net pro-
f1t for nine months ended Sep
tember 80 was $2,581 ,452 or $3.05
vs.. $S,576,52s or $4.27 in the same
| 1948 period.
Commercial Solvents Corp.
earned $2,482,278 or "a cents in
nine months ended September 30
VS.. $4,305, ,443 or $1.63 a year ear
lier.
Other companies reporting to-
day included:
For 8 Months Ended September 80: