Evening star., 1950-07-02
Business Briefs
General Business is at the his

4 II
General Business is at the high
point of the year-National As
sociation Of Purchasing Agents.
Much of the June increase was in
anticipation of the July industrial
vacation close-downs. the associa-
ton added.
National Employment increased
to 1,482 900 in June, the second
highest total in history, and gain
of 1.750,000 from the previous
month-Commerce Department. It
was only $4,000 below the record
set in July. 1948.
Consumer Credit outstanding ex-
panded to a record $19 9,091 ,000. 900
on May 81, a gain of $48l million
from month earlier, and the
largest total so far this year-Fed-
eral Reserve Board. The previous
high was $18.779, 600, 900 at the
end of 1949.
Markets Will Be Closed through
out the United States Tuesday in
observance of Independence Day.
They will operate as usual Mon
day.
General Motors Corp. reported
its Buick Division broke all
monthly production records in
June with a total output of 54,074
cars. Previous monthly high of
1856 cars was set in March of
this year. Six months output was
raised to 270,205, or we'll ahead of
schedule of 100000 for all of
1850.
Sinclair Refining Co. has ac-
quired the refinery of the Wood
River Oil & Refining Co. at Hart
ford, Ill, as part of its long term
expansion program.
Waltham Watch Co. reorganiza-
ton plan was approved by United
States District Court In Boston
and the plant will be reopened
within 10 days.
Anderson, Clayton & Co. de-
clared an extra dividend Of SO
cents and a regular quarterly of
IS cents. both payable July IS.
General Public Utilities Corn.
declared a quarterly dividend of
30 cents common share. payable
August Is. Previous payments
were IS cents.
Hayes Mfg. Corp. directors de-
cided to omit the quarterly divi-
dend usually declared at this time
because of the steel shortage and
unsettled conditions. The COM
pany has been paying is cents
quarterly.
Great Atlantic & Pacific Tea Co.
earned $33.392,l36 In the year
ended February 28 VS.. $50, ,661, ISL
i'm the preceding fiscal period.
Sales totaled $2.904.578.4 .427 VS.. $2,-
|837, ,291, ,185.
Zenith Radio Corp. profit for the
year ended April 80 was $5,268. .001
or 5000 a share VS.. $2,706, ,889 or
$3.50 in the preceding fiscal period.
Sales totaled $99,210,746 VS.. $77.-
146,861.
Kroger Co. earned Sc, 1853 ,009 or
1882 a share in "a weeks ended
June II VS.. $7,353, ,798 or $4 a year
earlier. Gross sales of 1881 1928, ,929
compared with $685. All year
earlier.
New England Electric System
had net income of $7,364,5 ,583 or "a
cents in five months ended May 81
VS.. $6,695,075 or IS cents in the
same 1949 period.
Consolidated Gas, Electric Light
G. Power Co. Of Baltimore earned
SIS, ,040,570 or 81 cents in five
months ended May 81 VS.. $685.
855 or II cents year earlier.
Champion Paper G. Fiber Co. net
income for the year ended March
81 was $8.765,917 or $7.55 VS.. So
997 ,283 or $8.70 in the preceding
fiscal period.
st. Louis Southwestern Lines
earned $3.024.106 or $15.19 in five
months ended May 81 VS.. $3,281,- :
885 or $16.69 a year earlier.
City Investing Co. net income for
the year ended April 80 was ST.
032 Asa or $1.01 VS.. $1,813,347 or
$l.82 in the preceding fiscal period.