Evening star., 1950-05-09
Business Briefs

1879 in the week ended May 4 VS..
1876 in the previous week and 1913
in the like 1949 PETROLEUM g.
BradStreet.
Shipments of Steel Sheets set
new records in March.-American
Iron & Steel Institute. The fat
rolled products are used extensive
ly in consumers durable goods
and home construction.
State Governments Spent SILL
1872, 100000 in the last fiscal year,
or $791 million more than they
took in.-Census Bureau. The fig
ure. which included 1926 million
for debt retirement, was 1872
above the previous year and 97%
above 1945.
Western European Crop Condi-
tiOns are generally favorable and
better than year ago.-Agricul-
ture Department. Moisture con-
ditions on May ! were said to be
good.
Heavy Melting Steel Scrap has
been purchased by a Pittsburgh
district mill at $36 ton, up an
other so cents. 'sT
Zinc Prices may go considerable
higher in the next few months il
Government stockpiling continues
said Clinton H. Crane, board
chairman of st. Joseph Lead Co.
Ford Motor Co. announced that
passenger sales in the first four
1850 months totaled 388, 1923, high
est for the period since 1880.
Kaiser Frazer Corn. introduced
an expanded 12-model line of 1851
cars and announced substantially
lower prices"
Proposed Merger Of Barnsdall
Oil Co. into Sunray OIL Co. will be
submitted to stockholders of both
companies on June 10.
Beaunit Mills, Inc, stockhold-
ers approved changes in provisions
for preferred stock. Revisions are
part OF a settlement agreement
with certain stockholders of Amer
ican Bemberg Corp, which was
purchased by Beaunit last August.
Sunstrand Machine Tool Co.
declared a quarterly dividend of
25 cents common share, payable
June 10. Previous quarterly pay
ments were Is cents. An extra of
20 cents was paid in December.
Bell Telephone Co. of Penn.
sylvania earned $5,918,l15 in
three months ended March 81 VS..
$3,O61 1913 year earlier.
National Lead Co. net income
for March quarter was $4,771, ,29S
or $1.3s share VS.. $685., ,460 or
80 cents in the same 1949 period.
Pennsylvania Electric Co. earned
$2.07S,777 in March quarter VS..
$2,l56,811 a year earlier.
Curtiss- Wright Corp. net income
for March quarter was $l,546, 6,6eO
or IA cents VS.. a deficit of $3.50 1854
in the same 1949 period.
General American Transporta-
tion Corp. earned 1880, 1856 or
SLIT in March quarter VS.. $l,816,-
681 or $1.58 a year earlier.
E. r. Squibb & Sons net income
for nine months ended March 81
was $5.027.317 or $2.71 VS.. $5,177,-
073 or $2.95 in the same period
last year.
Barium Steel Corp. reported a
deficit of $95,836 in March quarter
VS.. net income Of 81. .031 1888 or AZ
cents in the same 1949 period.
Canada Dry Ginger Ale, Inc,
earned 1912, ,663 or ~ cents in six
months ended March 81 VS.. $S67.-
956 or 40 cents a year earlier.
Philip Carey Mfg. Co. net in
come for March quarter was 1894, :
Ala or 4G cents VS.. 1854 ,037 or 80
cents in the same 1949 period.
George w. Borg Co. earned
1886, ,047 or $2.71 In nine months
ended March 81 VS.. 1928 ,629 or
$40 a year earlier.
Panhandle Producing & Refin-
ing Co. profit for March quarter
was 1924, TAT VS.. $360,122 in the
same period last year.
Artloom Carpet Co. net income
for IL weeks ended March Is was
$123 400 or 80 cents VS.. $157 BIT or
SO cents in the like 1949 period.
| Baltimore e. Ohio Railroad
handled 61,189 cars of freight in
the week ended May VS.. So, ,290
in the previous week and 63,874
| in the like 1949 week.
New York Stock Exchange Board
of Governors reelected Robert p.
Boylan Of e. r. Hutton q Co. as
chairman.
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