Evening star., 1950-05-10
Business Briefs

II Business Briefs
Electric Power Consumption de-
clined seasonally to 5,871 ,684, ,O00
kilowatt hours in the week ended
May 6 VS.. 5,902, ,168, 900 in the pre-
vious week, but remained 11.1%
ahead of the like 1949 week-Edi-
son Electric Institute.
Cities Service Co. received SEC
permission to sell control of To-
ledo Edison Co. and mailed war
rants to 236,0O0 common stock
holders for the purchase of 3,7O2,-
600 shares of Toledo Edison at SO
a share.
New England Gas & Electric
Association received SEC author
ity to sell 1925 shares of new
common stock to present holders
at the rate of one new share for
each eight held.
Industrial RayOn Corp. declared
special stock dividend of SO
and a regular quarterly of rs cents
in cash. the former payable June
20 and the latter June II, both to
holders of record May %.
Cuneo Press, Ine., directors voted
to arrange for a 30 stock divi-
dend, subject to stockholders ap-
proval.
J. c. Penney Co. sales in April
totaled $71, ,600,344, a drop of 6.16
from a year earlier: in four
months. $231,116,s69, q decline of
1.9%.
Lane Bryant. Inc, sales for
April amounted to $4,126,O78, a
decrease of 20.59o from a year
earlier; for four months, $15,-
1876, ,729, decline of 1857.
A. S. Beck Shoe Corp. sales in
four weeks ended April 20 totaled
$3,s34,08l. a decrease of 11.1%
from year earlier; in II weeks
ended April 20, $12,292, ,1Sl, a drop
of 80.
American MaracaibO Co. expects
to eliminate its debt by the end
of 1850 and then will give serious
consideration" to payment of
dividend, said Director William M.
Chadbourne at the annual meet
ing.
Maytag Co. earned 81, ,967 ,588 or
$l.68 a share in three months
ended March 81 VS.. $954, ,913 or A
cents year earlier.
NOranda Mines, Ltd, net income
for March quarter was $2,762,230I
or 1928 VS.. $3,485,80 or $1.56 in
the same 1949 period.
Hudson Motor Car Co. earned
81, ,248,047 or $1.18 in March quar-
ter VS.. $3.678.236 or $1.93 a year
earlier.
Charles Pfizer g. Co. net income
for March quarter was S1,844,57l
or $1.21 VS.. $2.556.931 or $1.69 in
the same l949 period. /
Kansas City Southern Railway
earned $1,773.170 or $3.06 I'M
March quarter vs.. $1,974,869 or
$3,46 a year earlier.
Halliburton Oil Well Cementing
Co. profit for March quarter was
or $1.26 VS.. 81, ,203, ,460 or
90 cents in the same 1949 period.
M. LOwenstein & Sons, Inc,
earned $1,830,855 or SLIT in
March quarter VS.. 1924, $40 or
$1.26 year earlier.
United States Lines had net in
come Of $5,499,021 or 1852 in
l949 VS.. $3.421,996 or 1924 in
194S.
Beatrice Foods Co. earned S.
433,178 or $5.12 in the year ended
February % VS.. $4,806. 1851 or $3.50
in the previous year.
Purity Bakeries Corp. profit for
16 weeks ended April % was
81, ,001. .685 or $1.24 VS.. $882,896 or
$1.10 in the like 1949 period.
Exec Products Co. earned $685.
6Sl or 0S Genus IN March quarter
VS.. $475,O63 or 81 cents year
earlier.
Poor & Co. profit for March
quarter was $4,000 VS.. $480, 900
in the same 1949 period.
American Hawaiian Steamship
Co. earned $128,124 or "a cents In
March quarter VS.. a deficit of $39,-
$50 a year earlier.
Brown & Bigelow, Inc, net in
come for March quarter was $780,
096 or 80 cents VS.. $512,792 or 80
cents in the same 1919 period.
Grayson- Robinson. Stores, Inc,
q deficit Of $189, ,10S for
the March quarter VS.. net income
Of $247,28 or 81 cents in the same
period last year.