Evening star., 1950-09-27
Business Briefs
Electric Power Consumption ex

E1ecLTlC ROVER consumption eX-
panded to 6,457,o30, 900 kilowatt
hours in the week ended Septem-
ber % VS.. 6,449.101 900 in the
previous week and was 1927
above 555,641 900 In the like
1949 period.-Edison Electric In
stitute. The all-time record of
6.459 $685. was set in the week
ended September 2.
Borrowings by Members Of the
New York Stock Exchange de-
clined to $S42 ,000. 1858 on August
81 VS.. 1896, ,499 1886 month earlier.
but were well above $537, 500. .589
a year earlier.
Phelps Dodge Corp. increased its
price of refined copper 2 cents a
pound to 241a cents, Connecticut
Valley basis. Most other produc-
ers have been quoting the new
price for some weeks.
ATF, Inc, formerly American
Type Founders, declared an extra
dividend of Is cents and a regu-
lar quarterly of Is cents, both pay
able November Is. This is the
first extra in the company's his
tory.
Tung-Sol Lamp Works, Inc,
declared dividend of $1.25 a
common share. payable November
/. The company paid so cents in
August and Is cents in February.
Iron Ore Co. of Canada, organ
lied in 1949 by six American steel
companies and Hollinger mining
interests of Canada, has about
completed arrangements for a
large loan, possibly as much as
$100 million, from American in
surance companies. for develop
ment of iron ore deposits in
Labrador.
Columbia Broadcasting Co. an
nounced that Proctor g. Gamble
had contracted for a daytime
television show over it's full net
work five days a week starting
December l. The transaction was
said to involve $1.400.000.
Remington Rand, Inc, sales for
sixs months ended September go
will exceed $79 million to set a
new record. President J. H. Rand
told directors. Earnings for the
six months will be 500 above q,
year earlier, he said. A year
earlier they amounted to 70 cents
a share.
Atchison. Topeka & Santa Fe
System earned $39,850,218 or
$14.71 share in eight months
ended August 81 VS.. $29, ,369,533
or 5000 a year earlier.
Norfolk & Western Railway net
income for eight months ended
August 81 was Sis, 5,468, 800 or $2.65
VS.. $15,198,217 or $3.50 in the
same 1949 period.
Hayes Industries, Inc, earned
$769.43 or $2.31 in IL months
ended July 81 VS.. $537,165 or $1.61,
in the previous IL months.
National Casket Co. net income
for IL months ended June 80 was
$497,936 or $2.86 VS.. $461 1893 or
1928 in the preceding fiscal period.
Anderson, Clayton & Co. profit
for the year ended July 81 was
$14 .905 ,625 or 1898 VS.. $11,433, 1856
or $7.62 in the preceding fiscal
period.
Gimbel Brothers earned ST.
595,867 or 65 cents in six months
ended July 81 VS.. $1,565, 1895 or 62
cents year earlier.
Columbia Pictures Corp. net in
come for the year ended June 80
was 81 ,981 900 or 1888 VS.. $1,O07,-
514 or $1.08 in the preceding fiscal
period.
Hallicrafters Co. earned $1,167,-
905 or $1.73 in the year ended Au-
gust 81 VS.. $403,050 or so cents in
the previous year.
Universal Pictures Co. net in
come for 80 weeks ended July 20
was $979.171 VS.. deficit of $775,-
018 in the like 1949 period.
National Madison Fabrics Corp.
earned $119.l05 or SO cents in
three months ended August 81 VS..
$69,274 or 80 cents a year earlier.
United Air Lines appointed Otis
E. Kline executive vice president
and q director.
A