Evening star., 1950-04-26
Business Briefs
Electric Power Consumption

week to 5,845, ,636 900 kilowatt
hours in the week ended April 20
VS.. 5,863.247.000 in the previous
week, and was $50 above the
5,325.513.000 for the like 1949
week.-Edison Electric Institute.
Wholesale Food Index, based on
the total cost of a pound each of
81 foods in general use, this week
rose to $3.50 from $5.73 a week
ago, and was $3.50 above the year.
ago level of $5.67.-Dun & Brad
street.
Earning Rate on invested life in
surance funds rose to 3.04@o in
1949, the highest level in four
years.-Institute of Life Insurance.
United Gas Improvement Co.
declared semi-annual dividend
Of 70 cents. payable June 80 to
record of May 81. The company
paid IS cents in June and De-
cember.
Gulf Oil Corp. declared 75-cent
dividend payable June 10 to record
of May 10.
Deere g. Co. declared a special
50-cent dividend on common and
regular quarterly payment of 25
cents. both payable June l to
record Of May 10. &
United States Steel earnings for
the quarter ended March 81 was
$49,2l7,742 or S164 a common
share, VS.. $49,928, $40 or $1.67 a
year earlier.
Newport News Shipbuilding &
Dry Dock Co. declared dividend
OF so cents payable June to
record of May is. The same
amount was paid last year.
Proctor g. Gamble profit for
nine months ended March 81 was
$40 ,C04.168 or $5.08 a share VS..
1851, ,913 or $3.48 a year earlier
Gulf Oil Corp. profit for the
quarter ended March 81 is $25,-
957 900 or $229 a share VS.. $28,-
939 900 or $2.55 in 1949.
Consolidated Edison Co. of NY.
& Subs. earned $38,466,594 or
$2.46 share in the IL months
ended March 81 VS.. $33, ,9o9, TAO or
$500 in 1949.
Phillips Petroleum Co. profit for
the quarter ended March 81 was
$40, ,049,580 or $1.66 a share VS..
$12,713.254 or $210 a year earlier.
Youngstown Sheet & Tube profit
for the March 81 quarter was
81, ,490,941 or SAT- a share VS..
$12, ,022, $50 or $718 a year earlier.
Continental Can Co. earned
$12, ,674 1868 or 1888 a share in the
year ended March 81 VS.. SI3,021,-
355 or 1894 a year earlier.
Republic Steel Corp. profit for
the March 81 quarter was S16.-
621 1874 or $2.75 a share VS.. $15.-
298,628 or 1888 a year earlier.
Inland Steel Co. earned So, 9,320,-
463 or 100 a share in the quarter
ended March 81 VS.. $9,254,23 or
$1.89 year earlier.
Boeink Airplane Co. profit for
the March 81 quarter was ST.
38l ,527 or $1.27 a share VS.. $577,-
OFT or SO cents in the like 1949
period.
Massachusetts, Bonding and In
surance Co. profit for 1949 was
81 .466 ,052 or $2.93 a share VS.. ST.
287 ,658 or $2.57 in 1948.
Jones & Laughlin Steel profit
for the March 81 quarter was
$5,309,8 1928 or $1.90 a share VS..
s9.868,895 or 1884 a year earlier.
Crucible Steel Co. of America
earned $759,451 or rs cents a
share in the quarter ended March
81 VS.. $1,714,315 or $2.70 a year
earlier.
Miles Shoe, Inc. profit for the
year ended January 81 was
81 ,230,64 or -$2.49 a share VS..
81 ,155,764 or $2.32 a year earlier.
Motor Products Corp. earned
S2,927,43 or $3.50 a share in the
nine months ended March 81 VS..
$2,202.0 .064 or 1854 a year earlier.
New York Central System in
the quarter ended March 81 lost
$4,084 1895 VS.. profit of 1885 ,018
in the 1949 period.
Philadelphia Transportation Co.
lost 1.097 1892 in the year ended
March 81 VS.. a profit Of $246,142
a year earlier.
Pittsburgh e. Lake Erie R.R.
profit for the March 81 quarter
was 81 .162. sos or s1.35 a share VS..
81 ,700.124 or $1:97 in the 1949
period.
Plymouth Oil Co. profit for the
March 81 quarter was 1880, SOP
or S1.16 a share VS.. $1.375, ,909 or
$l.34 in the 1949 period.
Reading Co. earned $1,305, ,807
or 43 cents a share In the March
81 quarter VS.. $1,221,45I or 81
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