Evening star., 1950-08-23
Business Briefs
LIST INCLUDES ONLY SELECTED ISSUE
Electric Power Production

Electric Power Production rose
in the week ended August 10 to a
new high for the fifth week in a
row at 6,369, $3.50, 900 kilowatt
hours, VS., 6,253.141. 900 the pre-
vious week and 5.57s, 100000 in
the like 1949 week.-Edison Elec-
trio Institute.
Federal Tax Collections for ns-
cal 1850 which ended June 80
totaled $38, ,131, ,768 about SIS
billion less than the $40. 1853, 1885,
018 for the 1949 period.-Internal
Revenue Bureau.
Gum Turpentine Production In
July was 32,170 barrels, 14%o less
than thes previous month and
1870 less than July, 1949.-Agri-
culture Department.
Crude Oil Output for the world
in June totaled 1o.43S, 900 barrels,
a new record, rising SO over May
and nearly 15go over June Of 1949.
Oil and Gas Journal.
Life Insurance Companies put
81 ,695, 100000 into new invest
ments in the first half of 1850
VS.. $4.211 100000 in the 194s
period.-Institute of Life Insur-
ance. Assets on June 80 stood at
an alltime high of $61 .307, ,000, 900
VS.. $45, ,233 600. 900 a year ago.
American Smelling g. Refining
Co. declared a 81 common divi-
dend to record Of September l..
Previous payments were rs cents
each in February. May and June.
Bullard Co. declared a quarterly
25-cent dividend and an extra of
Is payable to record of Septem-
ber !.
C. M. Hall Lamp Co. declared a
15-cent dividend on common to
record Of August /. Previous pay
ment was 10 cents, paid In No
vember.
Chesapeake & Ohio Rwy. profit
for the seven months ended July
81 was $16.443,o00 or $2.05 a
share VS.. $l5.452.000 or $1.92 a
year earlier.
Erie Railroad earned $6,141, SAL
or $2.03 a share in the seven
months ended July 81 VS.. $1,807,-
861 or 26 cents in the 1949 period.
Lone Star Cement Corp. de-
clared an Sta cent quarterly
dividend and a 81 extra on COM
mon, to record of September II.
McKesson e. Robbins, Inc.,
profit for the, year ended June 80
was $8,197,106 or $4.53 share
VS.. $S.812.593 or $4.90 a year
earlier. -
Glen Alden Coal Co. and subs.
profit for the six months ended
June 80 was 81, ,287 1888 or IA cents
q share VS.. $1,660,775 or So cents
in the 1949 period.
international Salt Co. declared
a dividend of SIPS on common
to record Of September 7.
Timken Detroit Axle Co. de-
clared a 50-cent dividend to rec
ord OF September 8. The firm paid
Is cents in each Of the first three
quarters of the last fiscal year,
plus a 50-cent year-end payment.
Hawaiian Pinapple Co., Ltd,
profit for the year ended May 81
was $5,353,582 or 1851 a share
VS.. 81 ,635 ,989 or 1912 a wear
earlier. -. s.
Iowa Public Service Co. earned
$3,142.343 or $2.33 a share in the
year ended July 81 VS.. $2,754,419
or $2.03 a year earlier.
Norfolk g. Western Rwy. earned
$12,646,471 or $2.16 a share in
the seven months ended July 81
VS.. $13,936,197 or $2.3e in the
1949 period.
Northeast Airlines, Inc, lost
$150.893 in the seven months
ended July 81 VS.. a loss of $3.50
a year earlier.
Oliver Corp. profit for the nine
months ended July 81 was $3,-
49O. .OOO or 81 a snare VS.. 81, ,282 900
or $4.99 year earlier.
Reading Co. profit for the seven
months ended July 81 was $4,-
629, 400 or $2.14 share vs.. S.
ats, ,745 or 81 80 in the 1949 period.
The Porcelain Enamel Institute
sales and management conference
scheduled to be held in Cleveland
in October has been cancelled due
to the shift to a defense economy.
ook-of-the- Month Club, Inc.
profit for the six months ended
June 80 was $592, ,239 or Sc cents
a share VS.. $618.918 or SO cents in
the 1949 period.
British Trade promotion center
has been opened in New York to
help American exporters and firms