Evening star., 1950-06-19
Business Briefs
LIST INCLUDES ONLY SELECTED ISSIrFS

Farmers Cash Income from
marketings in the first half of
1850 will approximate SOS billion,
or go below the same 1949 period
Agriculture Department. Prices
are about So below a year ago
and volume is lower.
Textile Dealings expanded last
week, with increased activity in
both cotton and rayon gray goods
and finished goods. Warmer
weather was credited by one mill
for the upturn.
Orange Auction Prices in Flor
ida jumped to an average of $5.49
box last week. a gain of 49 cents
from the previous week. The Cal
ifornia average for the week
reached SAT- a box, a rise of 81
cents.
Industrial Brownhoist Corp. de-
clared quarterly dividend of Is
cents and an extra of cents a
common share, both payable Au-
gust l.
General American Oil Co. of
Texas directors will submit a plan
for 1009o stock dividend. payable
October Is. Holders will vote at a
special meeting August 26.
Sheraton Corp. has acquired
control of Hotel Gibson and Hotel
Sinton in Cincinnati, raising the
total of its chain to 80 hotels in
the United States and Canada.
Union Carbide & Carbon Corp.
announced plans for a new plant
at South Charleston, w. Va, to
produce vinylite dispersion resin.
1t is scheduled to be in operation
by mid-19
Dow Chemical Co. announced
the purchase of Bush Aromatics,
Inc. of New York. DR.. Arthur
Behr, director of aromatic re-
search for Dow for 10 years, will
head the new division.
Westinghouse Electric Corp.
officials predicted sales of electric
ranges this year will set a new
record.
Allis- Chalmers Mfg. Co. will
start manufacturing tractors at
Southampton and Stamford, Eng
land. in September, its first over
seas operation.
Detroit Edison Co. earned $15.-
123,594 or $196 a share in IL
months ended May 81 VS.. $12,-
112,676 or $1.73 in the previous
year.
Virginia Electric e. Power Co.
net income for IL months ended
May 81 was $8.928,457 or $1.90 VS..
$6,404.1o9 or $1.49 in the preced-
ing fiscal period.
Carolina Power & Light Co.
earned $5.159.541 or $3.06 in IL
months ended May 81 VS.. S4.253,-
648 or $3.47 on fewer shares in the
previous year.
Central Soya CO., Inc, net in
come for nine months ended May
81 was $3,039.744 or $4.61 VS.. So
1S4,846 or $4.83 in the same period
last year.
Chicago Great Western Railway
earned $1.068,633 in five months
ended May 81 VS.. $710,799 a year
earlier.
Delaware & Hudson Railroad
Corp. net income in four months
ended April 80 was $861, ,541 VS..
$640,137 in the same 1949 period.
Universal Pictures Co. earned
$272 ,270 or IA cents a share in 26
weeks ended April 20 VS.. q deficit
of $465 .242 a year earlier.
Esquire, Inc, net income in the
year ended March 81 was s247.749
or SIS cents a share VS.. $233,2 ,277 or
So cents in the preceding fiscal
period.
Chicago e. North Western Rail-
way elected G. F. Stevens vice
president in charge of personnel !
and E. A. Vlk secretary.
Columbia Records, Inc, ap-
pointed William c. Neu sales pro- |
motion manager and Robert |
Velde art director. /
Electric AutO-Lite Co. named /.
Donald B. Seem advertising |
manager.
Glen L. Martin Co. announced
the appointment of G. T. Wiley
as assistant general manager.
A. L. Smith Iron Co. appointed
Hugh M. MAJOR vice president III
charge Of sales.