Evening star., 1950-04-28
Business Briefs

to $26,962 900, 900 on April 26, a
drop Of $30.000.0OO from a week
earlier and 1894 100000 below
year earlier-Federal Reserve
Board.
Corporation Cash Dividends in
the March quarter totaled $l,561,-
100000, rise of 80 from the
same period last year-Commerce
Department. March dividends to-
tailed $Sl8,400,000. a gain of 16eo
from year earlier.
United States Playing Gard Co.
declared a dividend of 81 a COM
mon share, payable July /. Previ-
GUS regular payments were so cents
quarterly with extras of varying
amounts.
Scott Paper Co. stockholders will
vote July II on a plan to double
outstanding common stock by issu-
ing an additional share for each
one held next July 81. Authorized
common stock would be increased
by 100000 shares to establish a
reserve of authorized but unissued
stock.
American Natural Gas Co. plans
another offering of common stock
sometime this year to meet ex-
pansion needs of its, distributing
subsidiaries. said Chairman Will
liam G. Voolfolk in the annual
report.
Standard Oil Co. New Jersey
estimated net income was sos
million or $2.15 a share in three
months ended March 81 VS.. $75
million or $2.53 in the same 1949
period.
Bethlehem Steel Corp. earned
$25,572,930 or $3.50 in March
quarter VS.. $33,129,574 or 1929
a year earlier. Directors declared
a dividend of rs cents a common
share, payable June /. Previous
payment was so cents.
Standard Oil Co. of California
had net income of $24,924,457 or
$1.74 in March quarter VS.. $37.-
389, 1882 or $2.61 in the same l949
period.
Atlantic Refining Co. earned
$8,710,970 or $500 in March quar-
ter VS.. $7,729,o27 or $2.73 a year
earlier.
Columbia Gas System net in
come for March quarter was So
620,776 or So cents VS.. $6,792, ,23e
or so cents in the same 1949
period.
Pittsburgh Plate Glass Co.
earned $7,955,705 or SO cents in
March quarter VS.. $7,813,756 or
81 cents a year earlier.
Borg-Warner Corp, profit for
March quarter was $6,541,805 or
$2.73 VS.. 6,692 1893 or $2.79 in the
same 1949 period.
Illinois Bell Telephone Co.
earned $5.535,825 or $2.03 in
March quarter VS.. $2.006,184 or
86 cents a year earlier.
National Distillers Products
Corp. net income for March
quarter was $5.o82 ,066 or 64 cents
VS.. $5,652 800 or II cents In the
same 1949 period.
National Cash Register Co.
profit for three months ended
March 81 was $2,594,458 or $l.45I
VS.. $3,027 .064 or $1.69 in the same
period last year.
Rayonier, Inc, earned 81, ,322, ,O5O
or s2.e2 in March quarter VS..
or $1.71 a year earlier.
Revere Copper g. Brass, Inc,
net income for March quarter was
or s1.53 VS.. s1,554,493I
or Sill in the same 1e49 period.
Standard Brands, Inc. earned
s2,142,578 or 81 cents in March
quarter VS.. $1.786.371 or so cents
a year earlier.
Stone & Webster, Inc, net in
come for March quarter was
81 1913 .623 or 81 cents VS.. 81, ,638, ,142
or 78 cents in the same 1949
period.
Victor Chemical Works earned |
81, ,013, $50 or $1.21 in March quar-
ter VS.. s499,751 or So cents a year
earlier.
Philadelphia & Reading Coal
& Iron Co. profit for March quar-
ter was $1.001,1 or 20 cents VS..
SCOTIA or 26 cents in the same
1949 period.
Alexander Smith e. Sons Garnet /
Co. earned $994.640 or So cents
in March quarter VS.. $779.45z oI
73 cent sa year earlier. |
Square ID Co. net income for
March quarter was $948 ,246 or 50
cents VS.. $838,570 or 81 cents in
the same 1949 period.
Island Creek Coal Co. earned
$802.718 or 81 cents in March,
VS.. $l,342.018 or s1.l0 o