Evening star., 1950-02-09
Business Briefs


cities expanded to $14,363, ,767, 900
in the week ended February 8, a
rise of 8.3% from the previous
week and 14.3% above the like
1949 week-Dun g. Bradstreet.
Business Loans of member
banks in leading cities increased
to $13,918,O 100000 on February l,
a gain of SAT 100000 from a week
earlier. but remained ST, 400, ,000,-
900 below a year earlier-Federa
Reserve Board.
Auto Production In the United
States this week is expected to
total 1O1 ,291 cars and 22,477
trucks. despite idleness of Chrys-
Ter, Willys-Overland and Kaiser
Frazer plants-Automot News.
Last weeks output included 81, ,728
cars and 22,321 trucks.
Freight Loadings in the week
ended February totaled 6l2,524
cars, drop of $3.50 from the pre-
vious week and 1929 below the
like 1949 week-Associati of
American Railroads.
Engineering Construction award
ed this week declined slightly to
s14l 100000, a drop of 1870 from
the previous week. but remained
34% above the like 1949 week
Engineering News Record.
American Gas e. Electric Co.
announced a 1850 construction
budget of SIS 200, 900. raising ex-
penditures under a hve-year
program started in 1947 to 1884,
400, 600.
Thor Corp. announced it would
cut the total number of it's dealers
from 10000 to highly selective"
1000 this year.
Columbia Broadcasting System
declared dividend of 40 cents on
class A and B stocks, payable
March 10. Previous payments
were IS cents.
Magnavox CO. declared a COM
mon dividend Of IS cents, payable
March Is, first payment since
January. 1949.
United States Rubber Co. de-
clared dividend of rs cents a
common share, payable March 10.
Last year the company paid 81
each in the first two quarters and
80 cents each in the last two.
Reliance Mfg. Co. declared a
dividend of Is cents a common
share. payable March /. This is
the first payment since Is cents
in March. 1949.
J. c. Penney Co. sales in jan
uary totaled s48.571, ,562, a drop
of liz from the same l949
month.
Butler Brothers sales for jan
uary amounted to $8,444, 1882, a de-
cline of 11% from year earlier.
New York Telephone Co. net in
come for 1949 was $28, ,802, ,685 VS..
$50 .230.414 in 1948.
Niagara Mohawk Power Corn.
earned $19, 1872, ,0Oo or $1.94 a share
in 1949 VS.. $17,101 900 or $1.59 in
the previous year.
Burlington Mills Corp. net in
come for three months ended De-
cember 81 was $4,571 600 or ST .08
VS.. $6,350,179 or 81 SO in the same
1948 period.
Bigelow Sanford Carpet Co.
earned $2,704,878 or $4.10 in 1949
VS.. $5,196,584 or $8.11 in the pre-
vious year.
Ohio Brass Co. profit for 194s /
was $2.450,887 or $7.05 VS.. $3,226.-
584 or 1928 in 1948.
Cincinnati Milling Machine Co.
earned $2,449,265 or $2.65 in 1949
VS.. $2,486,415 or $3.50 in the pre-
vious year.
York Corp. profit for three |
months ended December 81 was
$108,768 or 2 cents a share VS.
$437 800 or 81 cents in the same
1948 period.
Republic Natural Gas Corp.
earned 1851 ,095 in six months
ended December 81 VS.. $2,836, ,905
a year earlier.
Rotary Electric Steel Co. net
income for 1949 was 81 ,287 ,063 or
s6.65 VS.. $2,496,859 or 1924 in
1948.
James Talcott. Inc, earned
$610,227 or $1.79 in 1949 VS..
$641 ,910 or $1.89 in the previous /
year.
Plymouth Rubber Co. net in
come for the year ended Novem- |
ber 80 was $246,s92 or 27 cents
VS.. $159,167 or II cents in the