Evening star., 1950-08-10
Business Briefs

Clues Qecllned 10 S13 3,677 1897 600
in the week ended August 8, a
drop of 1O.4% from the previous
week, but remained 20.2% above
the like 1949 week-Dun & Brad
street.
Business Loans of member banks
in leading cities expanded to
$14,022.000 on August 2, a
gain of Sill million from a week
earlier and $1,196,000 above a
year earlier - Federal Reserve
Board.
Crude Oil Production in the
week ended August 5 averaged
5,640,350 barrels daily VS.. 5,521, $50
in the previous week and 4,721,450
in the like 1949 week-American
Petroleum Institute.
United States Rubber Co. de-
clared an extra dividend of 25
cents and regular quarterly of rs
cents, both payable September 8.
Last previous extra was in 1947.
United States Gypsum Co. de-
clared quarterly dividend of 81
and an extra of 81. both payable
October 2. A similar extra was
paid July /. .....
Wayne Knitting Mills declared
quarterly dividend of 35 cents,
payable october 2, and an extra
of Is cents, payable September Is.
Only extra last year was Is cents
in December.
Great Northern Railway was
authorized by the ICC to issue
S14,130,000 of equipment trust
certificates to help finance pur-
chases of new equipment.
Chesapeake G. Ohio Railway sold
$5,370,000 of equipment trust GER
tificates to a syndicate headed by
Halsey, Stuart & Co., on a bid
of 99.3843 for a % coupon.
J. c. Penney Co. sales in July
totaled $74,113,134. a gain of
21.8%o from year earlier; in
seven months, $453, ,392,O14, a rise
of 3.7%o.
Commercial Credit Co. earned
$10,638,547 or $3.50 a share in
six months ended June 80 VS..
$7.861, ,279 or $4.02 a year earlier.
Imperial Oil Ltd, had net in
come of $10,975,499 or 40 cents
in six months ended June 80 VS..
$8,667,178 or 80 cents in the same
1949 period.
Standard Oil Co. (Ohio) earned
$7,313,338 or $1.92 in six months
ended June 80 VS.. $7,509,973 or
$1.97 a year earlier.
Superior Oil Co. California;
profit for nine months ended May
81 was $5,474,52O or $12.94 VS..
$5,970.510 or SAIL in the same
period last year.
Abbott Laboratories, Inc, earned
SIS, 5,197,028 or $1.39 in six months
ended June 80 VS.. $5,720,O08 or
YA'Oo O yCui Cd4 l1CI.
Sperry Corp. net income for six
months ended June 30 was $4,-
263, ,374 or $210 VS.. $3,700,525 or
$1.82 in the same 1949 period.
Greyhound Corp. earned So
864.815 or 40 cents in six months
ended June 80 VS.. $3,206,299 or
33 cents a year earlier.
South Penn Oil Co. net income
for six months ended June 80 was
$3,240,784 or $1.86 VS.. $2,717,423
or $l.5 in the same 1949 period.
Briggs Mfg. Co. earned 1885,
984 or $1.63 in six months ended
June 80 VS.. $2,962,954 or $1.52 a
year earlier.
Mission Corp. profit for six
months ended June 80 was 81
739,150 or $1.99 VS.. $2,086,l34 or
$1.52 in the same 1949 period.
Homestake Mining Co. earned
$1,821,703 or 81 cents in six
months ended June 80 VS.. 81 ,247,-
955 or 62 cents a year earlier.
Radio Keith Orpheum Corp.
net income for 26 weeks ended
July l was $417,076 or IL cents
VS.. $2,2O7.037 or 81 cents in the
like 1s49 period.
Houston Oil Co. of Texas earned
1,135, 1862 or $1.03 in three months
ended June 80 VS.. $I,255,366 or
$1.l4 year earlier.
American Metal Products Co.
net income for six months ended
June 30 was $2,040,000 or $2.37 VS.
$1,518,000 or SLIT in the same
1949 period.
Middle States Petroleum Corp.
earned $1,834,100 or SO cents in
six months ended June 80 VS.. ST.
788,800 or 80 cents year earlier.
Gerber Products Co. earned
$816,152 or $1.23 in three months
ended June 80 VS.. $685., ,085 or 81 30
a year earlier.
Tennessee Corp. net income for
six months ended June 80 was
$1,846.072 or $2.16 VS.. $1,857,571
or $2.18 in the same 1949 period,