Evening star., 1950-03-20
Business Briefs
TeIeyision Set Production

Business Briefs
Television Set Production in
February averaged 9l,766 units a
week, a new high mark, and 1870
above the average for the last
quarter of 1949-Radio Manu-
facturers Association. Output of
radio sets in February continued
at the high levels of the last 1949
quarter.
Export Shipments of Rubber
and rubber products from the
United States for January totaled
S7,360,9l7 VS.. $8,732.40 In the
previous month and were 34.8%
below S11,283,431 in the same
1949 mOnth.-Commerce Depart
ment.
Philip Morris g. Co., Ltd, de-
clared a quarterly dividend of IS
cents and year end extra of IS
cents, both payable April is.
Previous quarterly payments were
SO cents. Directors authorized
development of plans for public
financing of $25 million to $50
million, part of which may be in
the form of additional stock.
Mathieson Chemical Corp. an
nounced it has joined with Ten
nessee Gas Transmission Co. to
form a $25 million subsidiary
which will build new plant for
making hydrocarbon chemicals
near Louisville, KY. The new
plant will utilize waste products
from natural gas flowing east in
Tennessee's pipelines.
Timken Roller Bearing Co. will
build a 81 million bearing plant at
Bucyrus, Ohio. President William
E. Umstattd announced.
Texas Co. profit for 1949 was
$132,743,159 or 1852 a share VS..
$165, ,980,980 or $12.03 in 1948.
Anheuser- Busch, Inc. earned
sl4,509,752 or 1922 share in
1949 VS.. $13,459,808 or $2.e9 in
1948.
Abbott Laboratories net income
for 1949 was $10,010,500 or $2.68
VS.. 81, ,120,983 or $2.97 in 1948.
Texas Pacific Coal e. Oil l949
profit was $6,338,753 or 1888 a
share VS.. s7,461 ,03S or $4.2l in
1948.
United Biscuit Co. of America
profit for l949 was $5,3o6,2 or
$5.35 a share VS.. $5,l0O,4S1 or
$3.50 in 1948.
Central Soya Co, Inc, profit
for the six months ended Febru-
ary % was $2,006,1e6 or s3.o4
share VS.. s2,125,94 or 1922 a year
earlier.
National Linen Service Corp.
profit for the six months ended
February % was s1,096, ,485 or SIS
cents a share VS.. $1,023,627 or 81
cents a year earlier.
Time. Inc, earned $6,758,11l or
S3.46 a share in 1949 VS.. s9,008, ,721
or $4.61 in 194S.
Boeing Airplane Co. profit for
1949 was SAIL ,348 or s4.07 a
share VS.. $1.715,908 or $l.58 a
year earlier. y
Art Metal Construction Co.
earned s2.886,5o8 or 1888 in 1e4e
VS.. $3,842,913 or $12.89 in the
previous year.
Goebel Brewing Co. net income
for 1949 was $4,000, $40 or $l.37 VS..
$1,626,214 or $1.08 in 1948.
Youngstown Steel Door Co.
earned $698 ,867 or 81 .05 in 1949 VS..
$2.008.15l or $3.02 in the previous
year.
Phoenix Hosiery Co. net income
for 1949 was s215,558 or $l.10 VS..
$528, ,785 or $3.50 in l94s.
Deep Rock Oil Corp. profit for
1949 was $1,815, 900 or $4.54 a
share vs.. $3,051.S18 or $7.64 in
1948.
Neisner Bros, Inc, net income
for 1949 was $l,422,0l1 or $2.ls a
share VS.. $1.750,963 or $2.7l IN
1948.
American La France Foamite
Corp. earned s620.787 or 1926 a
share in 1949 VS.. $1,020,499 or
$3.72 in 1948.
Derby Oil Co. profit for 1949
was $1,012,402 or $2.15 a share
VS.. $l.963 ,802 or $4.S7 in 1948.
American Seating Co. e. Subs.
earned $2,289,47 or $9.Ol a share
in 1949 VS.. s1,396,s61 or $3.50 in
1948.
Shoe Corp. of America e. Subs.
profit for l949 was $1,778,568 or
S3.99 a share VS.. $1,842,718 or
$4.14 in 1948.
American Window Glass Co.
earned $244,203 or $1.43 a share
in l949 VS.. $898,411 or $5.26 in
the previous year.
Tampax, Inc, net income for
1949 was $911,731 or $3.04 VS..
$704 1868 or $2.53 in 1948.