Evening star., 1950-04-06
Business Briefs

Bank Clearings in Is leading
cities rose to $14.329,477,O 900 in
the week ended April 5. gain of
go from the previous week an6
$50 above the like 1949 week.
Dun g. Bradstreet.
Freight Loadings in the week
ended April 5. totaled 72O,353 cars,
a gain of 40 from the previous
week, but .79o below the like l949
week.-Association of American
Railroads.
Business Loans of member banks
in leading cities declined to $l3,-
100, 900. 900 on March 20, a drop Of
S53,000.000 from q week earlier
$1,114,ooo,0oo below year earlier
Federal Reserve Board.
Glass 1 Railroads in February
had an estimated deficit of So
100000 in contrast to net income
of 100000 in the same 1949
month-Association Of American
Railroads. The coal strike was a
major factor.
Ford Motor Co. production in
March totaled 1000 cars and
about $4,000 trucks, highest mark
for the month since 1929.
Abbott Laboratories stockhold
ers were told that world sales of
the company in March totaled So
100000, new all-time monthly
record.
Sears, Roebuck & Co. sales in
March totaled $182.844.632, a gain
OF 1870 from a year earlier; in
two months ended March 81,
1925. .143, ,626, an increase of 9.2ee.
Mercantile Stores, Inc, sales for
March amounted to $9,046, 700, an
increase of 1.79s from a year
earlier; for two months ended
March 81. $l5,983.1oo. a drop
of .02%.
McCrOry Stores Corp. sales in
March totaled $7,373, ,7O5, a gain
of .7fo from a year earlier; in
three months. s19,354,642, a drop
of .79o.
w. T. Grant Co. sales in March
totaled $16.425. 1886, a drop of 40
from a year earlier; in three
months. $40,745.943, q decline
Of 2.4%.
Spiegel, Inc, sales for March
amounted to $14,146,776, a gain of
289o from a year earlier.
Lerner Stores Corp. sales in
March totaled $9,222,4 ,4O2. un-
changed from a month earlier: in
two months ended March 81, $l5.-
343, ,769, decline of So.
Gulf Oil Corp. earned $780,
877,041 or $3.50 a share in l949
VS.. sl53,539,299 or 1888 in the
previous year.
Sinclair Oil Corp. net income for
1949 was s54.073.338 or s4.51 VS..
$81 ,048 ,602 or $6.76 in 194s.
international Paper Co. earned
$51 .646,739 or $7.12 in 1949 VS..
$60. .489 ,266 or So. SO in the previous
year.
Draper Corp. profit for 1s4s was
$6,428,778 or s16.37 VS.. $4,000, 1872
or SLIP in 1948.
Woodward Iron Co. net income
for the first 1850 quarter was
81 ,007 ,320 or SLAB VS.. $1,678,311
or $2.38 in the same 1949 period.
Allen B. DuMont Laboratories,
Inc, earned $3,269,880 or $1.49
in 1949 VS.. $2,701,767 or 1929 in
the previous year.
Electric Bond & Share Co. net
income for 1949 was $2,631 ,134 or
so cents VS.. $2,786, ,464 or SO cents
in 1948.
Textron, Inc, had a deficit of
S1,641 900 in l949 VS.. net income
of $7,106, 900 or S5.77 in 1948.
Horn & Hardart Co. earned
s1.477,890 or $2.39 in 1949 VS.. |
81 ,654,160 or $2.71 in the previous |
year.
Steep Rock Iron Mines, Ltd,
net income for 1949 was $1,477,-
273 VS.. a loss of $140,738 in 1948. |
Joseph Horne Co. earned ST.
339,187 or $4.39 in the year ended |
January 81 VS.. 1882. .786 or $6.1l |
in the previous year.
Coleman Co. net income for
1949 was $1,117,004 or $2.59 VS..
S3.200,905 or $7.79 in 1913.
Riegel Paper Corp. earned $978,-
1853 or $4.01 in 1949 VS.. $748,374
or $3.07 in the previous year.