Evening star., 1950-03-02
Business Briefs

cities totaled s14,523,976, 900 inI
the week ended March l, a gain
OF l4.4% from the preceding holi-
day week and $50 above the
like l949 week-Dun & Brad
! street.
Automobile Production this
week will total 95,59e cars and
23,057 trucks VS.. 94,637 and 22,-
748 last Week-Automotive News.
Business Loans of member banks
in leading cities declined to $13.-
854, 900, 900 on February 81, a drop
of S51 100000 from a week earlier
and s1,368,00O,O00 below a year
earlier-Federal Reserve Board.
! Crude Oil Production averaged
100000 barrels daily in the week
ended February Is VS.. 4,996,85O in
the preceding week and 5,4O0, 800
IN the like 1949 week-American
Petroleum Institute.
COty, Inc, declared a dividend
OF Is cents common share, pay
able April 10. first payment since
20 cents was paid in June, 1947.
Commercial Solvents Corn, de-
clared dividend of Is cents a
comrlon share, payable March 81.
Previous payments were 37h
cents.
American Cyanamid Co. earned
S16,l49.513 or $6.27 a share in
ls49 VS.. s1l,875,o9o or $500 inI
the previous year.
Thompson Products, Inc, net
income for 1949 was $6,O14,748 orI
$l2.SS VS.. s4,572,lo0 or s9.57 in
1948.
Ell Paso Natural Gas Co. earned
$4,575,555 or $1,92 in, 1949 VS..
S5,383,805 or $2.33 in the previous
year.
| L. A. Young Spring g. Wire Co.
net income for six months ended
January 81 was S2,1e7,l46 or !
1888 VS.. $1,519,495 or $3.72 al
year earlier.
Sylvania Electric Products, Inc,
earned $3,052,840 or $1.82 in 1949
VS.. $3,623,3 1882 or $2.84 in the pre-
vious year.
Simmons Co. and subsidiaries
earned $50 or $3.50 in 1949
VS.. 1921 ,099 or $7.1O in the pre-
Vious year.
Alpha Portland Cement Co. net
income for 1949 was $3,252,925 or
$5.52 in l949 VS.. $2,744,216 or
$4.66 in 1948.
General Railway Signal Co.
profit for 1949, was $957,454 or
$2.54 VS.. $1,4O1 ,472 or 1888.
American News Co. net income
for 1949 was s2,956.971 or 1881 in
1949 VS.. $4,494, ,588 or $5.3 in 1948.
Homestake Mining Co. earned
$2,869,446 or $143 in 1949 VS..
So AS 1858 or $1.22 in the previous
year. Il
Avon Allied Products, Inc, net
income for 1949 was $2,264,O6l or
1884 VS.. Sl,46o,947 or 1929 in
1948.
American Water Works earned
$2,196,655 or 81 cents in 1949 VS..
$2,387,279 or 88 cents in the pre-
vious year.
Edison Bros. Stores, Inc, nett
profit for 1949 was $2,08l.053 or
$2.14 VS.. $2,526.3O7 or $2.07 in
1948.
Trane Co. earned $1,707,231 or
$3.50 in 1949 VS.. 81 1892 1923 or $6.11
in the previous year.
Continental Foundry g. Ma
chine Co. net income for the year
ended November 80 was $780,
100 or $463 VS.. $1,657.311 or $4.51
in the preceding fiscal period. II
HOllingsworth & Whitney Co.
earned $1,301,7 ,758 or 1884 in 1949
VS.. $3,570.355 or $8.78 in the previ-
Gus year. II
General Tire & Rubber Co. profit
for the year ended November 30
was $1,014,883 or 81 cents VS..
$4.783,617 or $7.33 in the preceding
fiscal period.
Brown Rubber Co. earned ST.
239, ,420 or $494 in 1949 VS.. $891,-
492 or S3.55 in the previous year.
Parker Rust Proof Co. net for
three months ended December 81
was $332,163 or II cents VS.. S4o2,-
985 or 81 cents in the same 1948
PERIOD
United States Freight Co.. net
income for .1949 was $616,733 or
$2.06 VS.. $2.130,023 or Sill in l948.
DR.. Pepper Co. earned $612, 500
or 81 cents in 1949 VS.. $685. 400 or
9S cents in the previous year. VI
American Ice Co. net for 1949
was 1888 ,277 or $1.03 VS.. $685. ,92O
or SO cents in 1948. II
Western Air Lines earned $440,-
600 or "a cents in 1949 VS.. $134, ,704
or 26 cents in the previous year.
Pepsi-Cola Co. elected Alfred N.
Steele president to succeed Walter
S Mack, jr., who became board II
chairman. Mr.. Steele resigned as II