Evening star., 1950-03-06
Business Briefs
Corporation Dividends in

=
ary totaled $3.50 200, 900 or slightly
below $532,100.00o paid in the
same 1949 month-Commerce De-
partment. Payments in three
months ended January 81 amount
ed to $2,218,400,000, a gain of 80
from year earlier.
American Telephone g. Tele-
graph Co. announced that more
than half of its $394,372,90O of
3b% convertible debentures of
1850 have been converted into
common stock.
Southern New England Tele-
phone Co. declared a quarterly
dividend Of As cents a common
share, payable April IS. Previous
payments were 40 cents.
G. C. Murphy Co. sales in Feb
ruary totaled $8.791 .222, a decline
of 40 from a year earlier; in two
months, $16,993,356, a drop of
1870.
Melville Shoe Corp. sales In four
weeks ended February Is amount
ed to So. .965 1903, a decrease of $50
from a year earlier; in eight weeks
ended February 25, $7,474,819, a
decline of 4.71o.
Peter Paul, Inc, candy manu-
facturer. announced the purchase
of 14h acre tract in the La
Grange Park area of Chicago for
Ia candy plant expected to cost
around $2.75 million with equip
|ment.
Coca-C Cola Co. and consolidated
subsidiaries had net income OF
$35. .990,927 or $8.76 a share in
1949 VS.. $33,794,170 or 1922 in
1948. In the final quarter, net was
S6,095,072 or $1.49 VS.. $5,574,073
or $1.36.
Distillers Corp. .-Seagrams, Ltd,
earned $22.732.922 or $3.50 a share
in six months ended January 81
VS.. $19,853.354 or $2.26 a year
earlier.
Link-Belt Co. net income for
1949 was $7,976,597 or 1918 in
1949 VS.. $11,731. 1868 or $14.37 in
1948.
British American Oil Co., Ltd,
earned $7.879,684 or $2.62 in 1949
VS.. $12,303.455 or $3.50 in the
previous year.
Commonwealth Edison Co. net
income for 1949 was $29, ,3O1 1884 or
$2.13 VS.. $24,219,263 or $1.76 in
1948.
P. Lorillard Co. earned $6,s24,-
1873 or $2.73 in 1949 VS.. $5.644. .939
or $2.2l in the, previous year.
American Brake Shoe Co. net
income for 1949 was $3,987 ,844 or
1922 VS.. $5.184.317 or $4.42 in
1948. -
National Container Corp. earned
$2,587 ,621 or 95 cents in 1949 VS..
$6,184,953 or 1928 in the previous
year.
Spiegel, Inc, profit for 1949 was
$2,037,551 or $101 VS.. $4,404, ,2S3
or $2.48 in 1948.
General Telephone Corp. and
subsidiaries earned $685. ,977 or
$2.16 in 1949 VS.. $3,282 .565 or $2.39
in the previous year.
Marlin Rockwell Corp. net profit
for 1949 was $2,629 1888 or SITS
VS.. 1891 .248 or $9.82 in 1948.
Elgin National Watch Co. earned
s1,s21,759 or 5000 in 1949 vs.l
or $2.14 in the previous
year.
Hammermill Paper Co. net in
come for 1949 was $1,027 ,062 or
$2.42 VS.. $1,402.072 or $s.45 in
1948.
American Laundry Machinery
Co. earned $737,732 or $1.36 in
1949 VS.. $1,694.43 or $3.l1 In the
previous year.
Florence Stove Co. profit for
1949 was $704.117 or $2.03 VS.. $2,-
130, 800 or $6.14 In 1948.
Warren Foundry & Pipe Corp.
earned $563,151 or 1891 in 1919 VS..
$897,521 or $5.28 in the previous
year.
Amerex Holding Corp. net in
come for 1949 was $1,947.28 or
$2.64 VS.. $1,203. 3.089 or s1.63 In
l94S.
Brillo Mfg. Co. earned $533,513I
or $3.57 in 1949 VS.. $360,459 or
S2.38 in the previous year.
Angostura- -Wuppermann Corp. |
earned $64, ,152 or 20 cents a share
in 1949 VS.. $70,395 or 81 cents in
the previolIS wear