Evening star., 1950-04-21
Business Briefs
Money in Circulation d

to sac. 1892, 900, 900 on April 10, a
drop of s80.000,000 from a week
earlier and $4l6.000. 1000 below a
year earlier Federal Reserve
Board.
Department Store Sales in the
week ended April IS dropped 1875
below the like l949 week, due
partially to a later Easter last
year-Federal Reserve Board.
Eastern Air Lines has ordered
ten super-new-type Constella-
tions to cost SIS. 100000,
Ohio Oil Co. declared a quarter
ly dividend Of IS cents and an
extra of IS cents. both payable
June 10, An extra of 25 cents
was paid in March.
M e. M Woodworking Co. de-
clared a dividend of IS cents a
common share. payable May Is.
Previous payments were Is cents.
National Dairy Products Corp.
sales tonnage and earnings In the
first 1850 quarter were both above
a year earlier. said President Z.
A. Van Bomel at the annual meet
ing. The quarters sales totaled
$220,812,000.
National Lead Co. profits for the
hrst quarter were somewhat above
"a year ago, President Joseph A.
MARITIME told stockholders.
j. c. Penney Co. stockholders
were told the management will be
happy If earnings for the first
half Of 1850 equal 1e4e levels. First
quarter sales were slightly above
1S49. but April sales are behind
E. ]. du POnt de Nemours & Co.
reported sales in the first quarter
totaled $267 900, 900. a gain of TO
from a year earlier. Earnings
equaled $1.15 a share VS.. 81 cents
a year earlier. The latest net
included "a cents q share from
company operations and 81 cents
from General Motors dividends.
international Business Machines
Corp. earned $8.606,336 or $3.l1
a share in March quarter VS..
S,8l8.l30 or sass a year earlier,
VIM. Wrigley, Jr., Co. net in
come for March quarter was
$3,340.490 or $1.69 VS.. $3,2l7,0ls
or $1.63 in the same l949 period
Armco Steel Corp. earned sll,.
Ss4, ,l30 or $2.s9 a share in three
months ended March 81 VS.. So
404 1861 or $2.09 q year earlier.
American Cyanamid Co. net in
come for three months ended
March 81 was s9,306, ,722 or s3.o3I
VS.. $4,131,109 or $1.51 in the same
l949 period.
Nash h-Kelvinator Corp. earned
s7.2l4.398 or $1.66 in March quar-
ter vs.. $7.l36,524 or $l.64 a year
earlier.
Liggett & Myers Tobacco Co.
profit for March quarter was So
$4,000 or $3.50 VS.. $6,377,0oo or
l.54 in the same l949 period.
Southern Co. earned $4,4l5,422I
or 80 cents in March quarter VI
$4,477.72s or 81 cents q year
earlier.
Minneapolis Honeywell Regula-
tor Co. net income for March
quarter was $2,424, 1896 or 81 cents
VS.. $l,34l,158 or 40 cents in the
same l949 period.
Long Bell Lumber Co. Missouri
earned $l,4s5.l44 or rs cents In
March quarter VS.. $l.85e,522 or
80 cents a year earlier.
Gimbel Brothers had net in
come Of $6,l7l.773 or $3.50 In the
year ended January 81 VS.. S.
87S.2l7 or $4.16 in the preceding
fiscal period.
Elliott Co. earned $443, ,507 or
95 cents in March quarter VS..
1852 .8S7 or $1.99 q year earlier.
United States Tobacco Co. net |
Tor March quarter was s7o0, ,6e6 |
Or 36 cents VS.. $735,12s or 80 cents
IN the same le49 period.
Pittsburgh Consolidation Coal
Go. earned $822,551 or SO cents in
March quarter VS.. $3.50, ,673 on
S1.84 q year earlier.
Hoffman Radio Corp. profit for
March quarter was $6s0,595 or
Sl.7S a share. No comparisons
lor>a year earlier were available.
Magnavox Co. net for March
quarter was s624.742 or 80 cents.
No figures for a year ago were
given.
Sutherland Paper Co. earned
'5l5.309 or $l.39 in March quarter
rs. $3S8.323 or $l.13 a year earlier.
Olympic Radio q Teleyision,
lne.. net for March quarter was
1855. .454 or $l.44 vs.. s7s,270 or 80
;ents in the same 1949 period. II
General Baking Co. earned $42.-
$50 In three months ended April /
Va AST1 2A2 a vaar "A rlinV