Evening star., 1950-09-12
Business Briefs
Rayon Shipments in Aue,,s

Rayon Shipments In August set
an all-time monthly record of
l10,500.000 pounds.-Rayon Or
canon. Shipments in eight months
totaled 816.700,o0o pounds, a jump
Of 42% from a year earlier.
Steel Production in eight months
of 1850 totaled SO, ,372, ,602 tons, a
new record for the period.-Amer-
lean Iron and Steel Institute.
August output Of 8,194,5s1 tons
also was a record for that month
and was 22% above a year earlier.
Farm Employment increased
100000 workers in August to reach
IL million, but remained about
100000 below a year earlier.-Agri-
culture Department.
National Lead Co. increased the
price Of antimony 3h cents a
pound to 80 cents a pound, I. o. b.,
Laredo, Tex.
Duquesne Light Co.. awarded
10000 shares OF new $50 BAR
preferred stock to a group headed
by First Boston Corp. on a bid
of $50.05 q share for a 3a%
coupon.
MotorOla, Inc., increased its reg
ular quarterly dividend to so cents
and declared an extra of so cents,
both payable October is. Pre-
vlous quarterly payments were
371a cents.
Burlington Mills Corp. declared
an extra dividend of so cents a
common share, payable September
20. The company paid a 50-cent
extra in December, 1948.
West Virginia Pulp g. Paper Co.
declared a year-end dividend of So
a common share. payable Septem-
ber Is. A quarterly dividend pre-
viouSly declared will be paid Sep
tember 20.
L. S. Starrett Co. declared a
dividend Of rs cents a common
share, payable September 20. Pre-
vious payments were so cents
quarterly.
Consolidated vultee Aircraft
Corp. declared a dividend Of 81 a
common share, payable November
II. This is the first cash payment
since rs cents in May. 1947.
J. c. Penny Co. sales In August
totaled $80.547,298. a gain of
1872 for a year earlier: in eight
months, $533.942.s16, an increase
of 5.6qs. ..-
Butler Brothers sales for August
amounted to $13,364,676, q rise of
6.45% for year earlier; for eight
months. $74.875,124, a drop of
5.77%.
Kaiser-Frazer Corp. has &C.
quired 65-acre tract on the Ohio
River shore at Shadyside, Ohio,
for q So million pressed steel plant
expected to be in operation in six
months.
Kansas City Southern Railway
net income for seven months
ended July 81 was $3,554,901 or
$6.01 share VS.. $4, ,233, ,671 or $7.34
in the same 1949 period.
Associated Dry Goods Corr.
earned $1,200,000 or 81 cents in
six months ended July 20 VS.. 81
million or IS cents a year earlier.
Soundview Pulp Co. net profit
for eight months ended August 81
was $3,129,454 or 1921 VS.. $3,504,-
464 or 1888 in the same 1949
period.
Ell Paso Natural Gas Co. earned
$4, ,695, 1882 or $1.84 in IL months
ended July 81 VS.. $5,297,99 or
$3.50 in the previous year.
International Products Corp
net income for six months ended
June 80 was $383,527 or SLIT VS..
$629, 1866 or $1.92 in the same 1949
period.
Norfolk & Southern Railway
earned $225,835 in seven months
ended July 81 VS.. $215, ,494 a year
earlier.
Baltimore & Ohio Railroad ham
died 59,871 cars of freight in the
week ended September 8 VS.. 67,075
in the previous week and 45,418
in the same 1949 period.
Aetna Insurance Co. elected
Clinton L. Allen president to sue
ceed w. Ross Mccain, who became
aoo rd oho iyynop