Evening star., 1950-03-30

| Business Briefs |
Bank Clearings in Is leading
cities declined to sl3,253. .743 900
in the week ended March %. a
drop of l6.3To from the previous
week, but remained $3.50 above
the like 1949 week.-Dun 81 Brad
street.
Business Loans of member banks
in leading cities declined to $13,-
847 100000 on March %. a de-
crease of s42,OO0.O0o from a week
earlier and Sl,l15 100000 below
a year earlier.-Federal Reserve
Board.
Industrial Production will re-
cover this month the mild loss
recorded in February due to the
coal and Chrysler strikes-Fed-
eral Reserve Board. February
output slipped to 1907 of the
1858 average VS.. 1880 in jan
uary and 1890 in February, 1949
Engineering Constructio n
awarded this week totaled $685.
901 900. rise of 46d from last
week and $3.50 above the like 1888
week-Engineering News-Record
Automobile Production in the
United States this week will total
1886 units VS.. 134,167 last week
-Automotive News. Output held
we'll above a year earlier, despite
the Chrysler strike
Noxzema Chemical Co. put
stock on a quarterly dividend
basis, with declaration Of Is
cents. payable April 10. An extra
will be considered in December
if profits permit.
Industrial Stamping T. Mfg. Co
directors voted to omit the quar-
terly dividend usually declared al
this time. No reason was given
National Steel Corp. profit 70,
1949 was 9,311,269 or 1862 q
share vs.. $40.121, 500 or 1888 in
l948.
Borg Warner Corp. earned $22,
046,885 or $916 a share in 194s
VS.. $26,214.993 or $1093 in the
previous year.
American Gas T. Electric Co
net income for 1949 set a record
Of $21, ,447 900 or $4.3l VS.. $19,-
348 900 or 1892 share on fewer
shares in 1948.
American Viscose Corp. earned
s20,227, 900 or 1892 in 1s49 VS.
$29, ,107, 900 or $l365 in the pre-
vious year.
r. H. Macy & Co. net profit for
six months ended January % was
$4,305.000 or $3.50 VS.. $6,25S, ,OOC
or $3.44 a year earlier.
Pan American Petroleum &
Transportation Co. earned $13.-
439,752 or $283 in 1949 VS.. $14.-
281 .296 or S3.01 in the previous
year.
Carnation Co. profit for 194s
was $7,764,599 or s12.12 VS.. S..
768,383 or 1886 in 1948.,
Murray Corp. Of America
earned s3,32O,2o3 or $3.50 in 81,
months ended February 2s VS.
$2.355,1 179 or $2.37 year earlier
Rockwell Mfg. Co. net income
for 1949 was $5,891 900 or $3.1s
VS.. $5,819,000 or 1912 in 1948.
Sperry Corp. earned s5.328,55s
or $2.62 in 1949 VS.. $8,770,523 OF
s8,770,523 or 1892 in the previou.
year.
Robbins Mills, Inc, had a profit
Of $1.349.930 or $1.62 in three
months ended February 28 VS.
$898,352 or $1.08 a year earlier
Bullock's, Inc, earned $3,764.
491 or $3.50 in the year endet
January 81 VS.. $4,708,l96 or $3.6!
in the previous year.
cuPCA1Vt ohA w. 1lCt 1llCOl1lc 1Ol
six months ended February q
was 1892 500 or $9.08 VS.. IS, ,235,.
885 or s123S a year earlier.
Inspiration Consolidated Copper
Co. earned $1,975, ,603 or $l.67 in
l949 VS.. $4,574.586 or $3.87 In
the previous year.
United Stores Corp. profit 1t fol
l949 was $l,715,774 VS.. $1,742,397
in 1913.
Ex-Cell-O Corp. net income fol
three months ended February q
was $853,003 or 81 VS.. $938, ,30s
or $3.50 a year earlier.
Transcontinental & Western
Air, Inc, earned $3,709,OOO O,
$1.57 in 1949 VS.. a deficit of ST..
278,000 in the previous year.
Hoover Co. profit for 1949 was
81 ,326.90l or $1.4s VS.. $2,9O4 ,95I
or Sc, 80 in 1948.