Evening star., 1950-08-03
Business Briefs
LIST INCLUDES ONLY SELECTED ISSUES

i Business Briefs
Bank Clearings in 25 leading
cities rose to $15,257, ,379 900 in the
week ended August 2 VS.. $14,222,-
$4,000 in the previous week and
$12, ,600,037,000 in the like 1949
week-Dun & Bradstreet.
Business Loans of member banks
in leading cities expanded to $13,-
911 million on July 26, gain of
$120 million from a week earlier
and $1.025 million above a year
earlier-Federal Reserve Board.
Engineering Construction award
ed in the week ended July 81
totaled sos, 1862 900 VS.. 1852 49,
900 in the previous week and
$239, ,245. 900 in the like 1949 week
Engineering News-Record.
New Car Sales for June were
the highest for any month in
history and may have exceeded
900, ,000-R. L. Polk & Co.
McKessOn e. Robbins, Inc, con-
cluded arrangements for a $22
million loan through Goldman,
Sachs & Co. Proceeds will be
used to retire 81 cumulative pre-
ferred stock on October IS at
$10l q share and increase work.
ing capital.
s Phelps Dodge Corp. earned
SIT, ,972,895 or 1884 share in
six months ended June 80 VS..
SIT. .s54,964 or $3.45 q share a
year earlier.
Hershey Chocolate Corp. net in
come for six months ended June
80 was $6.827 ,248 or $2.71 VS..
$5,913,929 or $2.57 in the same
1949 period.
West Penn Electric Co. and
subsidiaries earned $6,012,924 or
$1.87 in six months ended June
80 VS.. $5,796,674 or $1.S1 a year
earlier.
West Penn Power Co. net in
come for six months ended June
30 was $4,742,315 or 1924 VS..
1886 .764 or $1.29 in the same
1949 period.
North American Co. earned
$2.337, ,901 or 27 cents in three
months ended June 80 VS..
$2,497,21 or 20 cents a year
earlier.
Curtiss- Wright Corp. profit for
six months ended June 80 was
$685., ,267 or 80 cents VS.. a deficit
of $1,909,309 in the same 194e
period.
Columbia Broadcasting System
earned $3,182,070 or $1.85 in Is
weeks ended July l VS.. $1,709,3
or 81 a year earlier.
Flintkote Co. profit for % weeks
ended July Is was $3,123,O07 or
$2.33 VS.. $2,346,354 or $1.71 in the
like 1949 period.
Wright Aeronautical Corp.
earned $2.037,06 or $3.40 in six
months ended June 80 VS.. a loss
of $2,336,672 a year earlier.
Bristol Myers Co. net income
for six months ended June 80 was
$1,802.098 or $1.21 VS. $1,485, ,235
or 81 cents in the same period last
year.
Bucyrus-Erie Co. 1882 ,O68 or
SO cents in six months ended June
30 VS.. $3,596,601 or 1921 a year
earlier.
Parker Rust Proof Co. profit for
nine months ended June 80 was
1,230,699 or $2.86 VS.. $1,O49,477
or $2.44 in the same period last
year.
Life Savers Corp. earned ST.
172,540 or $167 in six months
ended June 80 VS.. 1914, ,697 or 81 SO
a year earlier.
Shellmar Products Corp. net
income for six months ended June
80 was $994,286 or $2.32 VS.. $685.
439 or $1.60 in the same 1949
period.
Heyden Chemical Corp. earned
$934,313 or so cents in six months
ended June 80 VS.. $S7S,672 or 56
cents a year earlier.
Wayne Knitting Mills, Inc,
profit for six months ended June
80 was $761 1888 or $2.11 VS.. $454,-
311 or $1.47 in the same 1949
period.
Merritt Chapman g. Scott
Corp, earned $614,886 or $1.98 in
six months ended June 80 VS..
$204,7 783 or SO cents a year earlier.
Rome Gable Corp. profit for
three months ended June 80 was
$260,256 or so cents VS.. $13,530
in the same 1949 period.
BOhn Aluminium g. Brass Corp.
earned $455,730 or $1.29 in six
months ended June 80 VS.. loss
Of 1926, ,22O a year earlier.
Decca Records, Inc, net income
for six months ended June 80
was $360,582 or 46 cents VS.. $780,
SAT or so cents in the same period
last year.
Simplicity Pattern Co. earned
S378,218 or 81 cents in six months
ended June 80 VS.. 1857 ,277 or 50E
;ents a year earlier.
DR.. Pepper Co. profit for six
months ended June 80 was 1924
700 or 46 cents vsb$312,oOo or As