Evening star., 1950-03-21
Business Briefs
~ SELECTED ISSUES
Cash Dividend Payments pub.

Cash Dividend Payments pub
licly reported by United States
corporations in February totaled
$213 100000, a gain of SO from
the same 1949 month.-Commerce
Department.
Business Failures declined to
208 In the week ended March 16
VS.. 221 in the previous week and
210 in the like 1949 week.-Dun g.
Bradstreet.
Consumption of Iron Ore from
the Lake Superior District totaled
5,329,000 gross tons in February
vs.. 6.992,425 in the same l949
month-Lake Superior Iron Ore
Association.
General Motors Acceptance
Corp. announced plans to raise I'D
to 1925 100000 in new capital to
meet anticipated demands for in
stallment financing in the near
future.
Chicago, Burlington e. Quincy
Railroad asked ICC permission
to issue $25,000,000 of first and
refunding mortgage bonds to be
offered at public bidding. Pro-
ceeds would be used to retire s12,-
460, 100 of AZ series B bonds and
finance new trackage.
New York Life Insurance Co.
reported new policy sales tn 1949
totaled 1852 1886 500, raising total
insurance in force on December
81 to $9,970,371 ,347.
Southern Co. earned $17,027 ,493
or s1.26 a share in the year ended
February % VS.. $12,237,443 or
$l.02 in the previous year.
Ohio Oil Co. net income for
1s49 was $33,658,767 or s5.13
share VS.. $49,333,158 or $7.52 in
1948.
Cities Service Co. and subsidi-
aries earned $55,057,822 or s14.s7
in 1949 VS.. $65.777,039 or $17.77
IN the previous year. Net for the
parent company only was $26.-
348,612 or $7.12 VS.. $25, 5,791 ,242 or
$6.97.
Minnesota Mining & Mfg. Co.
net income for 1949 was $14,352,-
OBJ or $7.07 VS.. $13,234,756 or
$6.51 in 1948.
Ohio Edison Co. earned $13,-
406,30 or 5000 In IL months
ended February % VS.. $12,452, ,1o5
or $2.7S in the previous year.
Colgate-P Palmolive-Peet Co. net
income for 1949 was $1l.076, 900
or $5.35 VS.. $7,557,000 or 1886 in
1948.
Lion Oil Co. earned $9,115,161
or $3.50 in 1949 VS.. $1l.722,432 or
$5.01 In the previous year.
Kimberly Clark Corp. net in
come for 1949 was $8,733,254 or
$5.29 VS.. $8,270.753 or $500 in 1948.
Corning Glass Works earned
$7,078.364 or $2.56 in 1949 VS.. So
64S,253 or $1.25 in the previous
year.
Combustion Engineering Super
heater, Inc, had net profit OF So
6S7 900 or $6.92 for 1949 VS.. ST.
094, 900 or $7.34 in 194S.
Masonite Corp. earned 1885,
I'll Or $2.42 in three months ended
February % VS.. $1,146,167 or $1.76
a year earlier.
Douglas Aircraft Co. net income
for the year ended November 80
was $5,516.700 or 1919 VS.. $685.
206 or $9.71 in the preceding fiscal
period.
Newport News Shipbuilding T.
Dry Dock Co. earned 4.468, 1854 or
$3.50 in 1949 VS.. $4,807,655 or.
$6.01 in the previous year.
Consolidated Vultee Aircraft
Corp. net income for IL months
ended November 80 was $3,7l3,156
or $l.60 VS.. a deficit of $11.978, ,7e5
in the preceding fiscal period.
Blaw-Knox Co. earned $685.
408 or $251 in 1949 VS.. $4,050,89
or $2.87 in the previous year.
Morris Plan Corp. of America
net income for 1949 was 1898, ,625
or Sill VS.. 1896, $50 or 76 cents
in 1948.
Mccall Corp. earned $1,464, 100
or $40 in 1949 VS.. $1,928, ,062 or
$3.16 in the previous year.
Universal Products Co. net in
come for 1949 was $1,123.640 or
$5.62 VS.. $1,295.5o1 or $6.48 In
1948.
Heckla Mining Co. earned
$748,211 or rs cents In 1949 VS..
81. .509,080 or $l.51 In the previous
year.
Universal Pictures Co. had net
income OF $12.924 in 13 weeks
ended January % VS.. q deficit OF
SILT, ,535 q year earlier.