Evening star., 1950-04-02
Business Briefs
Automobile Production for

next three months has been sched-
uled 109e above March levels
Wards Automotive Reports. De-
spite the Chrysler strike. l,350,000
passenger cars have been turned
out since January !.
Steel Mill Operations in the
Youngstown District will be
boosted to around 104To or l05T
of capacity in the coming week,
or close to last springs record
rate.-Associated oresc.
April Retail Sc.-s will lag 3Go
behind. year earlier. because of
fewer selling days and an earlier
Easter. predicted the magazine
Sales Management. April volume
of $10.803. 100000 was forecast.
Zenith Radio Corp. declared a
dividend of 50 a common stock,
payable April 90. This is so cents
above last years payment. Presi-
dent Eugene Mcdonald, jr,. said
directors felt the larger dividend
was justified by excellent earnings,
and hac decided to place divi-
dends on quarterly basis, with
the next payment to be made July
81.
Philips Petroleum Co. registered
with the SEC $75.637 900 of 25-
year debentures to be offered
present stockholders at the rate
of one S100 debenture for each
eight shares of common. Proceeds
will be used to retire bank loans.
Allen B. DuMont Laboratories,
Inc, registered with the SEC 250,-
900 shares of 10-cent par class
A common stock for public offer
ing to finance expansion.
Northern Natural Gas Co. asked
SEC permission to borrow SIS
million from banks to finance
construction. Permanent financ-
ing is planned later.
Admiral Corp. has purchased
the Midwest Mfg. Co. of Gales
burg. H., maker of kitchen equip
ment.
Sunray Oil Corp. earned $10,-
846.070 or SLIT a share in 1949
VS.. S15,644,234 or $2.78 in the
previous year.
Consolidated Gas, Electric Light
g. Power Co. of Baltimore reported
net income of $2,299,487 or $1.35
in two months ended February %
VS.. $1,692.871 or SLIP in the same
1949 period.
Reynolds Metals Co. earned S.
503,2l5 or $420 in 1949 VS.. So
036,53l OF S7.O4 in the previous
year.
Ronson Art Metal Works net
income for 1949 was $5,417,173 or
S4.96 VS.. $5,374,558 or $4.92 in
1948.
Island Creek Coal Co. earned
$4,141,50 or 1886 in 1949 VS..
$4,561 PTS or $5.37 in the previous
year.
Emporium Capwell Co. profit
for the year ended January 81
was $3,705,785 or $7.35 VS.. $4,522,-
379 or $8.97 in the preceding fiscal
period.
Great Northern Paper Co.
earned $4,856,631 or $4.87 in 1949
VS.. $4,620,512 or $4.63 in the pre-
vious year.
Fruehauf Trailer Co. net income
for 1949 was S2,805,276 or $l.91
in 1949 VS.. $5,543,364 or $4.16 in
1948.
General Outdoor Advertising
Co. earned $2,830,448 or $4.49 in
1949 VS.. $2,584,366 or $4.O7 in the
previous year.
Bower Roller Bearing Co. profit
for 1949 was $2,535,897 or 1854
VS.. $2,736,833 or $6.08 in 1948.
Pond Greek Pocahontas Co. net
income for 1949 was $2,183 ,35e
or s6.43 VS.. s3,622,518 or $1O.47
in 1948.
Life Savers Corp. earned $2,-
025,152 or $3.50 in 1949 VS.
$2,531 ,692 or 1851 in the previous
year.
Federal Mogul Corp. net income
for l949 was $2,0O4,835 or $3.5e
in 1949 VS.. $2,495,23 or $446 il
1948.
Stewart-W Warner Corp. earned
$2,163.106 or $167 in 1949 VS.
$3,154,316 or S2.44 in the previous
year.
A. Stein & Co. profit for 194e
was S1.525,883 or 1922 VS.. ST.
046,377 or s4.33 in l948.
Clinchfield Coal Corp. earned
$1,466,184 or $l.95 in 1949 VS.
$4,054,574 or $5.51 in the previous
year.
Omnibus Corp. and subsidiaries
had net income of $1,022,160 OF
81 cents a share in 1949 VS.. $244,-
256 in 1948.
Sundstrand Machine Tool Co.
earned $840,696 or 1928 in 1949
VS.. $546,036 or $145 in the previ-
GUS year.
West Virginia Coal & Coke
Corp. net income for 1949 was
S830,l70 or $198 VS.. s2,659,25
or $621 in 1948.
United Cigar-Whelan Stores
earned $742,158 or IS cents a
share in l949 VS.. $913,977 or 80
cents in the previous year.
Atlas Tack Co. net income, for
1949 was $1,746 or cents a share
VS.. S180,355 or $1.91 in 1948.
to regulate and control bank