Evening star., 1950-08-29
Business Briefs
Natural Gas Companies sho

Natural Gas Companies showed
operating revenues in June of
$81 1888, ,780, $50 increase over
the same month last year.-Fed-
eral Power Commission.
Steel Ingot Production will re-
bound sharply this week, the
American Iron & Steel Institute
reported, rejecting the end of
railroad strikes at some terminals.
Production is estimated at 97.1%
of capacity, compared with 90.6B
last week.
Pepsi Cola Co. elected Louis E
Nufer as treasurer, succeeding Jo-
seph A. Murphy. who resigned.
Western Maryland Railroad Co.
has placed orders for rolling stock
costing nearly 81 million. The Or
ders include 40 lotion gondolas
to be built by Bethlehem Steel
Co. at a cost of $2,339,562 and
40 70-ton fiat cars to be built
in Western Maryland's own shops.
Robbins Mills, Inc, of Robbins,
N. c.. plans to build a Sc million
weaving plant on 170-acre tract
at Raeford. N. c.
Trans World Airlines will begin
Constellation service to London
and Frankfurt September 80.
Bell Aircraft Corp. will conduct
highly secret research and de-
velopment for the Government or
an 800-acre tract at Modeltown
N. Y, near Niagara Falls.
Pittsburgh Transfer g. Storage
Co. plans to erect a IS millior
warehouse in Pittsburgh.
Tele-To Radio Corp. reported
its first public offering of stock
was oversubscribed. The offering
which went on sale last Wednes-
day. consisted of 100000 shares
of Class A cumulative convertible
at $40 par value and $4,000
shares of 81 par common priced
at $3.50.
Allied Chemical g. Dye Corp.
declared a quarterly dividend of
so cents on its new common. pay
able September 20 on stock of
record September 8. This equals
50 a share paid on the old stock,
which was split four for one.
Servel, Inc, declared a dividend
of Is cents on common stock, pay
able September q to stockholders
of record September 8. 1t was the
first payment this year. Last year
only one dividend was paid-30
cents in December.
Pet Milk Co. earned $1,165, ,164
or $214 in the six months ended
June 80, VS.. $1.547.513 or So.
Foster Wheeler Corp. declared
a quarterly dividend of so cents
and extra of 81 on common shares.
both payable October 2 to holders
of record September 8.
Climax Molybdenum Co. de-
clared a quarterly dividend of 10
cents and an extra of Is cents.
both payable September 20 on
stock of record September Is.
Haloid Co. declared a 35-cent
dividend on the common, payable
September % to holders of record
September Is.
Mansfield Tire & Rubber Co.
restored a 25-cent quarterly divi-
dend on common stock. The COM
pany reported earnings of $703. .889
for the first half Of 1850, VS..
$35 ,592 for the 1949 half.
Harvey Hubbell, Inc, declared
a quarterly dividend of so cents
and an extra of 80 cents on the
common, payable September 81 to
holders of record September II.
Norfolk & Southern Railway Co.
reported net income of 1925, 1853
for the seven months ended with
July, VS.. $215.494 in the like
period last year.
Acheson, Topeka & Santa Fe
Railway earned $30,964,742 or
$11.26 in the first seven months
VS.. $25, 5,952,031 or $500.
Pittsburgh & Lake Erie Railroad
net for the first seven month was
SO ,595 ,285 or $4.16 VS.. $3,512,908
or $4.07.
Crown-Zellerbach Corp. net for
the quarter ended July 81 was
$6,081 TIA or So a share VS.. $4.039,-