Evening star., 1950-03-23
Business Briefs
Bank ClearingS

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cities rose to 15,804, ,521 900 in the
week ended March %, gain of
20.5% from the previous week and
1920 above the like 1949 week.
Dun 81 Bradstreet.
Business Loans of member
banks in leading cities increased
to $13,889 ,00O,0 900 on March Is, a
gain of SOL million from a week
earlier and sl,2O6, 100000 above
a year earlier.-Federal Reserve
Board.
Engineering Construct o n
awarded this week declined to
SLIT 100000. drop of ITO from
last week and 29o below the like
1949 Notwithstanding News
Record. Volume for the year to
date remained 1910 above the
same 1949 period.
Illinois Power Co. registered
with the SEC $40 million Of 30
year first-mortgage bonds and
300. 900 shares of $50 par cumula-
tive preferred stock, the former
to be sold at competitive bidding
and the latter offered to stock
holders.
General Tire e. Rubber Co. an
nounced plans to build a $780,
600 plant in Israel. 1t is expected
to be ready for production by
March. 1851.
Brown Rubber Co. stockholders
approved proposed increase in
authorized common stock to 450,-
900 from 100000. A stock divi-
dend of one share for each two
shares held will be paid May Is.
Maine Central. Railroad de-
clared four quarterly dividends
totaling IS share on the SO
cumulative preferred, payable June
l. They will be the first payments
on the issue since December, 1881.
BY June the accrual will equal
$3.50 a share.
SOcOny-Vacuum Oil earned $98,-
329, ,305 or $500 a share in l949
VS.. $132,800,055 or $4.18 in the
previous year.
Atlantic Refining Co. net in
come for 1949 was $27,21O,432 or
1851 VS.. $35.657,124 or $12.68 in
1948.
Anderson, Clayton & Co. earned
$9,982,756 or $6.65 in six months
ended January 81 VS.. sl0,952,O
or $7.30 year earlier.
Signal Oil & Gas Co. net income
for 1949 was $8,610,783 VS.. $780,
457 in 1s48.
Morrison Knudsen Co. earned
$5,592,109 or $7.43 in 1949 VS..
$5,052 ,426 or $7.02 in the previous
year.
Lockheed Aircraft Corp. net in
come for 1949 was s5.490,670 or
$50 VS.. $6.239.38o or $3.50 in
1948.
Curtis Publishing Co. earned
$5,l85,943 in 1949 VS.. IS, $3.50, 1893 in
the previous year.
Noranda Mines, Ltd, profit for
1949 was $12,716.930 or $3.50 VS..
$9.959 ,083 or $4.45 in 1948.
General Aniline & Film Corp.
earned $2,926,810 or So. 80 in 1949
VS.. $8.604,919 or $11.74 in the pre-
vious year.
Fedders- Quigan Corp. profit for
1949 was s1,828.731 or $l.47 VS..
81, 729,542 or $1.44 in 1948.
Lily Tulip Cup Corp. earned
81 ,803,742 or $7.81 in 1949 VS.. ST.
617,97l or $7.31 in the previous
year.
General Refractories Co. net in
come for 1949 was $1,717,510 orI
$3.65 VS.. $2.814,254 or. $5.98 in
1948.
Poor & Co. profit for 1949 was
$1,031,162 VS.. $1,528,242 in 194s.
Scullin Steel Co. earned $827,-
152 or $3.50 in 1949 VS.. $1.127,523
or $7.54 in the previous year.
Olympic Radio & Television,
Inc, net income for ls49 was
$578,163 or 1924 a share VS.. a !
deficit of $46,771 in 1948.
Garlock Packing Co. earned
$487 1896 or $1.16 in 1949 VS.. ST.
1863, ,581 or 1927 in the previous
year.
ZOnite Products Corp. net in
come for 1949 was $347,765 or AZ
cents VS.. $263,147 or 80 cents in
1948.
Vanadian Corp. of America had
a deficit of $4,000 in 1949 VS..
net income Of 81 ,285, 900 or $3.17
a share In 1948.
Butte Copper 4 Zinc Co. earned
$194,977 or 81 cents in 1949 vs.l
$426.843 or II cents in the pre-
vious year.