Evening star., 1949-10-30
Business Briefs

Electrlc & PoWer-.UO at 1Sfs. % at -.
i Business Briefs
Manufacturers Sales in Sep
tember approximated $19.700, 0,000.-
900. a gain of 40 from the pre-
ceding month and new monthly
high for the year. but remained
80 below a year earlier-Com-
merce Department.
New Automobile Sales so far
this year have set a new record
of 3,888,00O. compared with the
previous annual record of $780,
206 for all of 29-Automotive
News. The 1949 total will exceed
100000 by mid-November. the
trade paper predicted.
Woodworking Equipment of the
Nation has deteriorated to the
point that one of every five
machine tools in use is more than
20 years old-American Machinist.
It is in worse shape than at the
end of the war, the magazine re-
ported. Many tools are downright
antique.
Consolidated Gas, Electric Light
& Power Co. of Baltimore regis
tered with the SEC, a financing
plan involving exchange of $685.
100000 worth of bonds. The COM
pany plans to offer $44 100000 of
series U first refunding mortgage
bonds. due 1881, and $l2.000.000
of series T first refunding mort
gage sinking fund bonds, due 1876.
Chicago, Rock Island g. Pacific
Railroad received ICC permission
to issue S25,760.000 of secured
promissory notes to finance re-
demption of a like amount of first
mortgage 40 bonds.
Blaw-Knox Co. declared a quar-
terly dividend of Is cents and an
extra yearend payment of Is
cents, both payable December IA,
raising 1949 payments to SIPS,
same as in 1948.
Youngstown Sheet e. Tube Co.
earned S7,514,626 in three months
ended September 80 VS.. $8,806, 900
year earlier.
Studebaker Corp. net income
for nine months ended September
80 was $17.242.245 or S732 a share
VS.. $13,392,724 or $3.50 in the
same 1948 period.
Pittsburgh Consolidation Coal
Corp. earned s10,448,628 or s4.s2
in nine months ended September
80 VS.. $14,641 ,563 or $6.78 a year
earlier.
Parke, Davis g. Co. profit for
nine months ended September 30
was $8,628,560 or $1.76 VS.. ST.
209,072 or $1.47 in the same 1948
period.
Lone Star Cement Corp. earned
$6,981, 1854 or $7.36 in nine months
ended September 80 VS.. $5,227, SIS
VI POOL d year carrier.
Pennsylvania Power & Light
Co. net income for IL months
ended September 80 was $9,027,-
635 or s2.03 VS.. $7,736.6l8 or s1.es
in the preceding fiscal period.
Panhandle Eastern Pipe Line
Co. earned $6.091,95 or 1851 in
nine months ended September 30
VS.. $6,084,485 or $3.50 a year ear
lier.
A. o. Smith Corp. profit for IL
months ended July 81 was ST.
026,341 or $7.02 VS.. $6,891 1892 or
$3.50 in the preceding fiscal
period.
Flintkote Co. earned $4,3O3, 1921
or $500 from January / to Octo-
ber 8 VS.. $6.480,671 or $4.92 a
year earlier.
Rayonier, Inc, net for nine
months ended September 80 was
$4.108,819 or $3.19 VS.. $7,658,443
or $6.76 in the same 1948 period.
Houston OIL Co. of Texas earned
$4,081 ,402 or $3.71 in nine months
ended September 80 vs.. $4,485, ,529
or $4.08 a year earlier.
Philco Corp. profit for nine
months ended September 80 was
$2,506,000 or $1.32 VS.. $6,632 900
or $4.23 in the same 1948 period.
Alexander Smith g. Sons Carpet
Co. earned $671,919 or Al cents in
nine months ended September 80
VS.. s5,341,480 or $5.4S year
earlier.
New Jersey Zinc Co. net income
for nine months ended September
80 was $3,632.144 or $1.s6 VS.. So
361 .542 or 1925 in the same 1948
period.
Crown Cork & Seal Co. earned
81, ,785, ,979 or $1.14 in nine months
ended September 80 VS.. $4,114,876
or $3.07 year earlier.
Midland Steel Products Corn.
net for nine months ended Sep
tember 30 was $3,432, ,295 or $5.91
VS.. 3.463 1903 or $5.98 in the same
1948 period.
Life Savers Corp. earned 81 ,674,-
298 or $3.50 in nine months ended
September 80 VS.. $1,957 ,465' OF
$2.79 a year earlier.
Certain-teed Products profit fo1
nine months ended September 80
was $3,354,919 or $2.03 VS.. $4,843,-
040 or $2.95 in the same 194e
period.
Ruberoid Co. earned $2,959, ,19e
or $6.76 in nine months ended
September 80 VS.. $4,022,132 OF
$9.19 a year earlier.