Evening star., 1950-03-26
Business Briefs

Good and Increasing Business
through April and May was fore
cast by a majority of industrial
buyers surveyed by the National
Association of Purchasing Agents.
A possible leveling off in June
and somewhat more than a
seasonal decline in July were
predicted.
Steel Production in the Youngs-
town district will hold at about
1000 of capacity in the coming
week, not far from the years
peak and one of the highest rates
since last spring, according to
the Associated Press.
Business Prospects look better
than ever to T. H. Heating, Chew
rolet general manager. His COM
pany is facing one of its biggest
years and may even surpass the
l949 sales record, he said. He is
completing a Nation wide tour of
retail automobile markets.
Bank of America stockholders
at San Francisco voted to re-
duce the stated par value of COM
mon shares to $625 from $3.50
a share and increase the number
Of shares outstanding to 2O,476,-
104 from 10.238,052. A new share
will be issued for each share held.
Mengel Co. declared dividend
of Is cents a common share, pay
able April 90 Previous payment
was Is cents in April, 1949.
Northwest Airlines, Inc, direc-
tors took no action on a dividend
on the 4.6% preference stock due
at this time. Previous payment
was a quarterly of 1924 cents on
February /.
Consolidated Paper Corp, Ltd,
earned $10,999,613 or $4.28 a share
in 1949 VS.. $11,737,S32 or $4.57 in
the previous year.
Bpcyrus- Erie Co. net income for
1949 was $6,635, ,o33 or s4.O7 VS..
$5,823,963 or 1854 in 1e48.
Philco Corp. earned s5,691, ,796
or s3.17 in 1949 VS.. $10,531 ,914
or $6.32 in the previous year.
Interlake Iron Corp. net income
for 1949 was $6,153,472 or s3.15
vs.. $5,934,642 or $3.50 in 1948.
Bond Stores earned $3.O07, ,203
or $1.78 in 1949 VS.. $5,143,955 or
$3.05 in the previous year.
Gorham Mfg. Co, profit for IL
months ended January 81 was
$2.535.319 or $1301 VS.. $3,165, ,961
or $16.25 in the preceding fiscal
period.
Pepsi-Cola net income for 1949
was s2,135,238 or '37 cents VS..
$3.152,817 or SIS cents in 1s48.
Best & Co. earned s1,973.462 or
1929 in 1949 VS.. $2,853,076 or
s4.76 in the previous year.
Oxford Paper Co. profit for 1949
was 81 ,887 1886 or $3.50 VS.. $685.
I075 or 1854 in 1948.
Suburban Propane Gas Co.
earned s1,421 ,183 or 1921 in 1949
VS.. 81 1,05l sol or s1.61 in the pre-
vious year.
Pressed Metals of America net
income for 1949 was 81 ,332,429 OF
$4.73 VS.. S866, ,209 or $3.07 in 1948
Stromberg- Carlson Co. had q
deficit of $473,056 for 1949 VS.. net
income of $877,60 or $2.74 a
share in 1948.
Hytron Radio e. Electronics
Corp. earned $565.171 or 80 cents
in 1949 VS.. $75,669 or 13 cents in
the previous year.
American Broadcasting Co. re-
ported a deficit of $519,085 fo1
1949 VS.. net income of $468,676
or % cents a share in 1948.
Electrical Products Corp. earned
1898. .420 or $1.52 in 1949 VS.. $432,-
102 OR $1.65 in the previous year
Driver Harris Co. net income
for 1949 was $370,633 or $4.15 VS.
S423,173 or $4.74 in 1948.
National Stamping Co. earned
$358,l l48 or Sill in 1949 VS.. $201, =
841 or 81 cents in the previous
year.
Youngstown Steel Car Corp.
profit for 1949 was $279 ,536 OF
$2.81 VS.. $470,152 or $4.73 in 1948.
Consolidated C0ppermines, Inc.
had a net loss of $21,066 for 1949
VS.. net income of $201, sol or 13
cents a share in 1948.