Evening star., 1950-09-10
Business Briefs
Construction Industry has 1

into increased shortages, genera.
price increases and hints of de.
veloping gray markets since the
Korean outbreak, according to d
survey of contractors by the Asso-
ciated General Contractors OF
America. A continued large con-
struction volume for the rest OF
1850 was forecast.
Higher Cotton Goods Prices
were foreshadowed yesterday as
major mills withdrew their lines
from the market to await stabil-
ization of raw cotton prices. Most
of the Withdrawals were on items
for delivery in the first 1851 quar-
ter.
Natural Rubber Production oil
the world set new record in July
for the second straight month As
prices stood at the highest Level
in Is years. July output was esti-
mated by the Commerce Depart
ment at 167,500 long tons, a gain
of 10000 from the previous
month.
Waltham Watch Co. plant will
be reopened within a week or 1C
days on a limited scale to as
semble watches already on the
racks for Nationwide cut-rate
sale, trustees announced.
Lincoln National Life Insurance
Co. stockholders will vote Novem-
ber 9 on a plan to double capital
stock to SO million and declare
a 1907 stock dividend.
Briggs Mfg. Co. declared a divi-
dend of 81 common share, pay
able September 80. The company
paid so cents each in March and
June. Last year SO cents was
paid in each of three quarters and
$3.50 in December.
Art Metal Construction Co. de-
clared an extra dividend Of 81 and
quarterly of so cents. both pay
able September %. The company
last year paid SO cents quarterly
plus an extra Of $3.50 in Decem-
ber.
Independent Pneumatic Tool Co
declared an extra dividend of 20
cents and regular quarterly of
80 cents. both payable September
%. The extra is the first in sew
eral years. ..
William Wrigley, Jr. Co. de-
clared special dividend of 81 a
common share. payable October 2
Western Auto Supply Co. sales
in August totaled $16,551 900, a
rise of 33.5% from a year earlier;
in eight months, $100,o98, 900, ar
increase of 31%o.
Walgreen Co. sales for August
amounted to $13,933, 800, a gair
of 3.2% from a year earlier; fol-
eight months. $105, ,586,279, rise
of 40.
Bond Stores, Inc, sales in Au-
gust totaled 1898 ,809, an increase
of 1857 from a year earlier; in
eight months. $42, ,809,133, a de-
cline of 1869. Profit for SIX
months ended June 30 was $780,
371 or 36 cents share VS.. ST.
314.476 or 78 cents in the same
1949 period.
Lane Bryant, Inc, sales for Au-
gust amounted to- $3,629,846 6
gain of 1920 from a year earlier,
for eight months, $30,621, 1902, 6
drop of 5.8%.
New York Telephone Co. earned
$25. TAT ,694 in seven months ended
July 81 VS.. $13,492,787 a yeal
earlier.
Southwestern Bell Telephone
Co. net income for seven months
ended July 81 was $14,384,145 VS.
$7,886,273 in the same 194s
period.
Bell Telephone Co. of Pennsyl.
vania earned $14,368,4 ,46O in sever
months ended July 81 VS.. $685.
$50 a year earlier.
Illinois Bell Telephone Co. net
income for seven months ended
July 81 was $14.026.513 VS.. $5, ,496,
229 in the same 1949 period.
Whirlpool Corp. earned $2,252,.
484 or 1894 in six months ended
June 80 VS.. $1,224,027 or $1.8:
year earlier.
Chicago Pneumatic Tool Co. net
income for six months ended june
80 was $1.667 .066 or $3.76 VS.
$1.790,514 or $4.10 in the same
1949 period.
Universal Leaf Tobacco Co
earned $2,002,765 or 1884 in. the
year ended June 80 VS.. 1886, 1924
or $2.37 in the previous year.
I