Evening star., 1950-08-08
Business Briefs
Business Failures incl

DuG remained DtOW III III CIlC
like 1949 week-Dun & Brad
street.
Passenger Car Tire Production
in June totaled 7.310.890 units,
almost equaling the record set in
May-Rubber Manufacturers As
sociation. The June figure was
1870 above a year earlier.
Used Car Prices are continuing
to climb Automotive News.
Prices of various models ranging
from 1941 to 1850 units increased
an average of $25 last week.
International Paper Co. de-
clared a $50 stock dividend on
common stock, plus quarterly
cash dividend Of IS cents. both
payable September %. The cash
dividend will be paid on all shares,
including those to be issued as a
stock dividend.
Simonds Saw & Steel Co. de-
clared dividend of $1.10 COM
mon share. payable September Is.
The company paid 10 cents in
June and so cents in March.
Kelsey Hayes Wheel Co. de-
clared an extra dividend of ST. on
class A and B stocks, both payable
September !, and quarterly of
3712 cents on both issues, payable
October 2. The company paid an
extra of so cents last January.
Western Auto Supply Co. sales
in July totaled $1S.129. 900. a rise
of 61.8% from a year earlier; in
seven months, $83,569, 900. a gain
of 30.6%.
Bond Stores, Inc, sales for July
amounted to 1885. .535. an in
crease Of 5.1% fro ma year earlier: |
for seven months, $38,675, 1923, al
drop Of 1859.
Grand Union Co. sales in four
weeks ended July 20 totaled $12,-
833, ,704. a jump of 24.8% from a |
year earlier; in % weeks ended
July 90. $64,o1l, ,643, a rise OF
1857.
Standard Oil Co. nndiana) had
net income of $52,498. .494 or $3.43
a share in six months ended June
80 VS.. $50,713,608 or 1882 in the
same 1949 period.
New York Telephone Co. earned
$21 1925 in six months ended
June 80 VS.. $11,566,817 year
earlier.
Southwestern Bell Telephone
Co. net income for six months
ended June 80 was $11, ,931 1888 VS..
$6 ,662 1888 in the same 1949 period.
Weyerhaeuser Timber Co.
earned $11. .545 1896 or $3.50 a share
in six months ended June 80 VS..
$l2. .997 1858 or $4.25 a year earlier.
Northern States Power Co. (of
Minnesota has net income of So, |
876 1874 or 53 cents in six months
ended June 80 VS.. $6,754, ,346 or so
cents in the same 1949 period.
Richfield Oil Corp. earned So
478.428 or $2.12 in six months
ended June 20 VS.. $1o,201 .639 or
$2.55 a year earlier.
American Chain g. Gable Corp.
net income for six months ended
June 80 was $2,465 $50 or $3.50 VS..
$2,629,894 or $2,49 in the same
1949 period.
Noranda Mines, Ltd, earned
$685.. 900 or $3.50 in six months
ended June 80 VS.. $6,855 900 or
$3.06 year earlier.
Canada Dry Ginger Ale, Inc,
net income for nine months ended
June 80 was $1,805,845 or 81 cents
VS.. $1,270,298 or So cents in the
same 1949 period.
Emerson Electric Mfg. Co.
earned $1,627,789 or $3.42 in nine
months ended June 80 VS.. $685. $50
or $1.19 a year earlier.
United Air Lines had a deficit
of $59,370 in six months ended
June 80 VS.. a net loss of $175,754
in the same 1949 period. Net in
come for three months ended
June 80 was $1,934,311 or SO cents
VS.. $3,147, 1872 or $1.47 in the same
1949 period.
Publicker Industries, Inc, earn
ed $1,268,797 or A cents in six
months ended June 80 VS.. a
deficit Of $87O.468 a year earlier.
Miami Copper CO.. earned $170,-
278 or % cents in six months end
ed June 80 VS.. $1.773,555 or $2.38
a year earlier.
Capitol Records, fnc., had a loss
of $64,823 in six months ended
June 80 vs.. deficit Of $246,717
in the same 1949 period.
Baltimore & Ohio Railroad
handled 65,093 cars of freight in
the week ended August S VS.. 65,-
62R In the ureViolIS week and ga