Evening star., 1950-06-29

Giant Yell GIN 6hlValspar he
Glen Aid Cl.40s l3A veneE Syn 20 ga
i Business Briefs
Bank Clearings in Is leading
cities in the week ended June %
totaled 4,458,6l4,000. a drop of
go from the previous week, but
remained 7.lTo above the like 1949
week-Dun g. Bradstreet.
q. Business Loans of member
banks in leading cities increased
to $13.532 900 900 on June 81.
gain of $73 million from a week
earlier and $240 million above a
year earlier-Federal Reserve
Board.
New Passenger Car Registra-
tions for May should approxi-
mate 493 900, or close to the post
war high of 495. 1885 set in March
r. L. Polk & Co.
Crude Oil Production in the
week ended June "a averaged S.
354,750 barrels daily VS.. 5,347 400
in the previous week and 4,944, ,050
in the like 1949 week-American
Petroleum Institute.
United States Steel Products
Corp, contained manufacturing
subsidiary of Big Steel. will begin
a moderization program at it's
Sharon, Pa, plant within 10 days.
Hood Rubber Co. will consider
boosting the wholesale price of it's
waterproof footwear shortly, Pres
ident Raymond H. Blanchard said.
Textr0n, Inc, will discontinue
its menswear operation because of
rising costs. Evelyn Pearson, Inc,
a new company. has arranged to
purchase its negligee operation,
effective July /.
Western Union Telegraph Co.
announced its development of a
submerged amplifler expected to
nearly double the capacity of its
transatlantic cable system. The
new device will be given its first
test next month.
Parke, Davis & Co. declared a
dividend of IS cents a common
share, payable July 81. Previous
payments were IS cents quarterly.
American Power e. Light Co. re-
ceived SEC approval of it's plan
to distribute $3.50 a share, largely
from the sale of its holdings in
Pacific Power 81 Light Co. COM
mon stock.
First York Corp. declared a divi-
dend Of SO cents a common share,
payable August 80. The company
paid 80 cents in October, 1949,
only disbursement in that year.
American Superpower Corp. de-
clared q dividend of 81 on the Sc
preference stock. in arrears, pay
able August /. A similar account
was paid April Is.
Hiram Walker Gooderham &
Worts, Ltd. earned $40, ,143,704 or
$6.98 a share in nine months
ended May 81 VS.. $19.643.269 or
$3.50 q year earlier.
Louisville & Nashville Railroad
net income for five months ended
May 81 was $6.109,757, or $2.61
VS.. $4,670,207 or 50 in the same
1949 period.
Atlantic Coast Line Railroad
earned $6.171. 1906 or $7.49 in five
months ended May 81 VS.. $5,202.-
148 or $6.31 a year earlier.
Southern California Edison Co.
and subsidiaries had net income
of $19,771 ,287 in IL months ended
May 81 VS.. $15,777. .367 in the pre-
ceding II months.
Pennsylvania Power & Light Co.
earned $10,819.057 or $2.4S in 12I
months ended May 81 VS.. $8,720.-
285 or $2.26 in the previous year
Murray Corp. of America profit
for nine months ended May 81
was $5,e75,315 or $6.05 VS.. So. 3.480.-
051 or $3.50 in the same period
last year.
Robbins Mills, Inc, earned
$2.364.l67 or $3.50 in six months
ended May 81 VS.. s1.340,4e0 or
$l.61 year earlier.
Bates Mfg. Co. net income for
"a weeks ended June II was
$1.547,000 VS.. $1,127 800 In the
like 194s period.
Gerber Products Co. earned
So, ,309,42 or 1924 in the year
ended March 81 VS.. $2.750.381 or
$5.16 in the previous year.
New York. New Haven & Hart
ford Railroad net income for five
months ended May 81 was 81 ,369.-
1858 VS.. $1,523,005 in the same
1949 months.
Van Camp Sea Food Co. earned
81 ,434 900 or $3.25 in the year
ended May 81 VS.. $1,169, 900 or
$2.79 in the previous year.
Chicago & North Western Rail-
way reported q deficit Of $3,997.-
1913 in five months ended May 81
VS.. loss Of $7.394,848 in the
same 1949 period.
Dan River Mills increased prices
on Its cotton dress goods libes
about SO because OF mounting
costs Of raw materials. !