Evening star., 1950-08-09
Business Briefs
Electric Power Consumption set

Electric Power Consumption set
a record for the third week in a
row during the week ended August
S, with q total of 6,247,464,000
kiloWatt hours VS.. 6,190,098,0 900 in
the previous week and was 14.3%
above 5,466,004,000 in the like 1949
week-Edison Electric Institute.
Personal Income rolled into
Americans pockets in June at
the annual rate of $215, 5,800,0 ,000.-
900, second highest rate in the
Nations history-Commerce De-
partment. Last March, CT insur-
ance payments boosted the rate to
$219, 300, 100000.
Price Of Spot Grade A Tin ad-
vanced "a of a cent a pound to
81 at New York, highest price
since last September 6. The
price has arisen 1888 cents since
the Korean war started.
Acme Steel Co. declared a
quarterly dividend of so cents a
common. share, payable Septem-
ber IL. Previous payments were
40 cents in June and 35 cents in
March.
Vanadium- Alloys Steel Co. de-
clared a dividend of ST a common
share, payable September 2. The
company paid rs cents each in
two preceding quarters.
Master Electric Co. declared
quarterly dividend of 40 cents,
payable September 9. Previous
payments were Is cents.
Radio Corp. of America COM
pleted negotiations to sell $40
million of 80 notes to institu-
tional investors to provide addi-
tional working capital.
Walgreen Co. sales in July to-
tailed $13.428.796, a drop of 1870
from a year earlier; in seven
months. SOL ,652,391. about un-
changed.
Edison Bros. Stores, Inc, sales
for July amounted to 1922, ,108,
a gain of go from year earlier;
for seven months, $40,821.714, a
drop of 4.4%.
G. r.. Kinney Co. sales in July
totaled $2.431, 900, an increase of
11% from a year earlier; in seven
months. $17.776,o00, rise of 1.49o :,
International Paper Co. and
subsidiaries earned $33.767, ,240 or
$4.68 a share in six months ended
June 80 VS.. $24,649,329 or $3.4o
a year earlier.
Celanese Corp. of America net
income for six months ended June
80 was $21, ,441,284 or 1851 VS..
$6,174, $50 or "a cents in the same
1949 period.
C. I. T. Financial Corp. earned
$17,146,065 or $4.51 in six months
ended June 80 VS.. $11,756,851 or
$305 a year earlier.
Mid Continent Petroleum Corp.
profit for six months ended June
80 was $5,980,478 or 1922 VS.. S.
376,719 or $3.43 in the same 1949
period.
Consolidated Vultee Aircraft
Corp. earned $4,466,527 or $1.87
in six months ended May 81. No
comparisons for a year earlier
were given.
Aerovox Corp. net income for
six months ended June 80 was
$1,220,745 or 1882 VS.. $233,167 or
81 cents in the same 1949 period.
Seatrain Lines, Inc, earned ST.
073,103 in six months ended June
80 VS.. $1.368,665 year earlier.
Hoskins Mfg. Co. net income TO,
six months ended June 80 was
$472,207 or 98 cents VS.. $308,035
or 81 cents in the same 1949 pc
rod.
General Railway Signal Co.
earned $426,541 or Sill in six
months ended June 80 VS.. $452,-
458 or $119 a year earlier.
Creameries of America, Inc, net
income for six months ended June
80 was $358,145 or IS cents VS..
$464,147 or II cents in the same
1949 period. !
Munsingwear, Inc, earned
$274 .307 or 90 cents in six months
ended June 80 VS.. a deficit of
$174.214 a year earlier.
Eason Oil Co. profit for six
ended June 80 was $267.-
878 or 81 cents VS.. $262,160 or IS
cents in the same 1949 period.
Pacific Tin Consolidated Corp.
earned $4,000 or % cents in
six months ended June 80 VS..
$278, 900 or Is cents a year earlier
Taylor Wharton Iron G. Steel
Corp. net income for six months
ended June 80 was $231,682 or
S2.28 VS.. S437. .72O or $3.50 in the