Evening star., 1950-09-07
Business Briefs

Bank Clearings in Is leading
cities declined to $12,782 .668, 900 in
the holiday week ended September
6 VS.. $16,131.740.000 in the previ-
Gus week, but remained well above
$l0,471 ,467 900 in the like 1949
week.-Dun & Bradstreet.
Electric Power Consumption set
a record Of 6.459, 1886 900 kilowatt
hours in the week ended Septem-
ber 2. and compared with $685.
386, 900 in the previous week-Edi-
son Electric Institute. The latest
total was 1857 above $685.
913. 900 in the like 1949 week.
Business Loans of member banks
in leading cities rose to $14,739
million on August 81, a gain of
1927 million from a week earlier
and $1,774 million above a year
earlier-Federal Reserve Board.
Engineering Construction award
ed in the holiday week ended
Monday totaled $256,077 900 VS..
$342, ,486. 900 in the previous week
and $146.541 900 In the like 1949
week - Engineering News Record.
Railway Net Income for July
approximated $50 million VS.. $26
million in the same 1949 month
Association of American Railroads.
Net for seven months was esti-
mated at 1863 million VS.. $201
million a year earlier.
Average Cash Yield on 900 divi-
dend-paying common stocks listed
on the exchange averaged 7qo on
August 15-New York Stock Ex-
change. A new booklet also lists
285 common stocks that have paid
a cash dividend every year for 20
to 102 years.
Thompson Products, Inc, an
nounced plans for a 2-for-1 split
of outstanding shares. Stock
holders will vote on the proposal
soon, President F. c. Crawford
said.
Market Street Railway Co. of
Sam Francisco filed with the SEC
a modified amended plan for
liquidation and dissolution. An
SEC hearing will be held Septem-
Der 20.
American Woolen Co. posted
price advances on fabrics for next
spring. The increases amounted
to 4212 cents a yard on line
worsteds and 471a cents on Puri-
tan Mills worsteds.
Cream Of Wheat Corp. declared
an extra dividend of 40 cents and
regular quarterly of 40 cents.
both payable September 81.
Arvin Industries, Inc, formerly
Noblitt-Sparks Industries, Inc.
declared dividend of so cents
on increased stock, payable Sep
tember 80. This Is equal to rs
cents on old shares on which the
company paid so cents. A 5o%
stock dividend was paid July g..
Davega Stores Corp. declared a
quarterly dividend of IS cents a
common share. payable Septem-
Der 80. The stock has been on
a so cents semi-annual basis.
Universal Cyclops Steel Corn.
declared an extra dividend of 50
cents and a regular quarterly of
rs cents, both payable September
80. The company paid Is cents
extra in June.
Ritter Co. declared an extra
dividend of so cents and a regular
OF 372 cents. both payable Sep
tember 26.
ii. l.. Green Co. sales in August
totaled $7,655,019, a gain of 2.6%
from a year earlier; in seven
months ended August 81, $51,61e.-
818. an increase of 40.
West Penn Electric Co. net in.
come for II months ended July
81 was $11, ,094, ,244 or $3.46 a share
VS.. $11,014,968 or 1914 in the pre-
ceding II months.
Olympic Radio e. Teleyision.
Inc., earned $479.135 or $1.44 in
six months ended June 30 VS..
$162.959 or 49 cents year earlier.
Tobin Packing Co. net income
for nine months ended July 81 was
$905. 800 or 81 cents VS.. $3.50, 1854
or 80 cents in the same 1949 pc
riod.
Canadian Breweries, Ltd, earned
1888 400 or $1.63 in nine months
ended July 81 VS.. $4,675,497 or,
$2.12 a year earlier.
Ed Schuster & Co. net income
for six months ended July 20 was
$466,446 or SO cents VS.. 500 1a1