Evening star., 1950-07-09
Business Briefs

Steel Production in the Pitts
burgh district for the coming
week is expected to rise frac-
tionally to around 99.5% of ca
pacity. Youngstown district op-
erations are expected to bounce
back to 1919 of capacity after
the holiday week.
Freight Loadings in the week
ended July totaled 1887 cars,
drop of 1870 from the previous
week. but remained 21.6% above
the like 1949 week. despite a
SWitchmen'S strike on five West
ern roads-Association of Ameri-
can Railroads.
Demand for Tires has expanded
to the highest levels since 1947
and l948. according to manufac-
turers. Buying has increased since
the first quarter of 1850 because of
rising costs and fear of higher
prices. The Korean situation has
brought further upsurge.
Quaker State Oil Refining Corn.
has acquired certain properties at
Titusville. Pa, from Cities Service
Oil Co. (Pennsylvania), the COM
panies announced jointly. Cities
Service marketing outlets in West
ern Pennsylvania were not af-
fected.
Chrysler Corp. reported June
production of 1904 cars and
trucks, highest for any month on
record, and a gain of 1852 from
the previous peak set last Sep
tember.
Shelter Mfg. Co. declared a d.
vidend of Is cents share on in
creased stock. payable Septem-
ber IL. This is equal to so cents
on old common split 2 for /.
Previous payments on old COM
mon were 40 cents quarterly.
Eastern Sugar Associates de-
clared dividend of $1.25 a share
on arrears on the $5 preferred
stock, payable August Is, leaving
arrearages of $3.50 a share.
Sears, ROebuck & Co. sales in
June totaled 1920. .653, ,6S4, a gain
of 14% from year earlier; in
five months ended June 80, 1885,
413,789, a rise of 8.8%e.
Montgomery Ward g. Co. sales
for June amounted to SOC, ,388, 1896,
an increase of $50 from a year
earlier; for five months ended
June 80, $438.287.68 a drop of
$50.
Butler Brothers sales in June
totaled $9,222,818. a gain of go
from a year earlier; in six months,
$50, zoo. 0.848. a decline of 11.1%.
McCrory Stores Corp. sales for
June amounted to $7,507,110, am
increase of 1.5% from a. year
earlier; for six months, $42,304,-
389. about unchanged.
Lerner Stores Corp. sales in
June totaled $11,178,799 a gain
of 19o from year earlier: in five
ended June 80, $48,133,-
120. decrease of 5.9%.
w. T. Grant Co. sales for June
amounted to $2o,364,346, a rise
of 4.8% from a year, earlier; for
six months. s99.153,O17, a drop
of SO.
Interstate Department Stores,
Inc, sales in June totaled 5,222,-
721. Il gain of 94S from a year
earlier; in five months ended June
80. $24,026,3 ,337. a decline of .049o
American viscose Corp. in
creased prices of it's textile viscose
and acetate rayon yarns around
SO. effective Friday. Rayon tire
cord and rayon staple prices were
left unchanged.
Woodward Iron Co. earned So
541 ,279 or $3.50 a share in six
months ended June 80 VS.. $2,753,-
397 or $500 a year earlier.
Consolidated Laundries Corp.
net income for "a weeks ended
June II was $210,225 or so cents
VS.. $344,161 or SO cents in the like
1949 period.
United Specialties Co. earned
1925 $3.50 or $40 in nine months
ended May 81 VS.. $251 .435 or $1.57
a year earlier.
Sterling Drug. Inc. elected DR..
j. Mark Hiebert to the new post
of executive vice president. He
has been with the company since
1884.