Evening star., 1950-03-05


l at f6as; 100 at l6ss
Business Briefs
Construction Activity seems sure
to set a mid winter record as a
result of a less than seasonal de-
cline in February-Bureau of La
Dor Statistics and Commerce De-
partment. February volume OF
81 1,414.000,000 was SO below the
previous month, but 21%o above
the same 1949 month.
Automobile Production in the
United States included 96.245 cars
and 23,710 trucks in the last week
VS.. 94,508 and 22,979 in the pre-
vious week and 87,757 and Is, $50
in the like 1949 week-Ward s
Automotive Report.
Spinners of Carded Cotton Yarn
report low inventories and a
healthy backlog of orders-Textile
Information Service. That combi-
nation knocks on the head any
talk of immediate curtailment.
American Gas g. Electric Co
executive committee has author
lied plans to redeem $15,162 SOC
of 4a4% preferred stock at $11t
a share. A serial note issue IL
planned sometime in May.
American Metal Products Co
declared quarterly dividend OF
10 cents common share, payable
March 80. The company paid q
cents in three 1949 quarters and g
year-end Of so cents in December
Admiral Corp. declared a quar-
terly dividend of Is cents q
common share, payable March 81.
Previous payment was 20 cents in
December following a 2-for-1
stock split. Before that the COM
pany paid 20 cents quarterly.
General Motors Corp. reported
its Buick Division sold 38,140 cars
in February. new record for that
month, which boosted deliveries
for two months of 1850 to 1888
gain Of $50 from the same 1949
period.
Ashland Oil Refining Co. has ac-
quired Frontier Oil Refining Corp
Of Buffalo in exchange for Ash
land stock valued at more than
$2,O00,000.
H. X. Ferguson Co. announced
its purchase of the o. D. Conover
Engineering Co. OF Cleveland.
McGraw Electric Co. earned
$6,847.720 or $8.11 a share in 1949
VS.. $4.465, ,658 or S7.12 in the pre-
vious year. .-. ..s
st. Regis Paper Co. net income
for 1949 was $5,478, ,203 or 80 cents
VS.. $l4,859,803 Or $2.71 in 1948.
international Silver Co. earned
$4,510,037 or $11.40 in 1949 VS.
$7,829, ,622 or s20.50 in the previous
year.
Foster Wheeler Co. profit fol
1949 was $3.8e4.291 or $13.24 ir
1949 VS.. .$3,526,303 or $11.95 ir
1948.
Chesapeake & Potomac Tele.
phone Co. of Baltimore Cit,
earned $500,546 in January, more
than double $242.973 net income
for the same 1949 month.
American Bank Note Co. net in
come for 1949 was $1,987.425 OF
$2.64 VS.. s2,678,630 or $3.7l ir
1948.
Alexander Smith & Sons Carpet
Co. earned S1,479,398 or $1.19 ir
l949 VS.. s6,989.732 or s7.16 in the
previous year.
Veeder- Root, Inc, profit fol-
1949 was s1.25O,384 or $3.o1 vs.
81 ,350,867 or~$326 in 1948.
Celotex Corp. earned $3.50, ,68s
or 20 cents in three months ended
January 81 VS.. S455,630 or 4;
cents year earlier.
Niles Bemen-Pond Co. net in
come for 1949 was $990,212 OF
$1.25 VS., s1,219,960 or. sl.54 ir
1948.
Tung- Sol Lamp Works earned
$867 .469 or 1926 in 1949 VS.. $571,-
701 or $137 in the previous year
Pratt e. Lambert Inc, net in
come for 1949 was $619,116 or safe
VS.. 1928. .284 or $4.73 in 1948.
Parkersburg Rig & Reel Co
earned $269,764 or $1.02 in 194s
VS.. 1857 1886 or $4.02 in the pre-
vious year.
Standard Cap & Seal Corp. net
income for 1949 was $183,7 1872 OF
% cents VS.. s287,807 or 81 cents
in 1948.
John r. Thompson Co. reported
a loss of SGT 1913 in 1949 VS.. net
income of s180,318 or 81 cents
q choro ", fLn y,re1,;o,,e x,o,r