Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-05-17
Business Briefs

Electric Power Consumption de-

Electric ROVER consumption de-
clined to 1894, $4,000 kilowatt
hours in the week ended May Is
VS.. 5,87l .684. 900 in the previous
week. but remained 1857 ahead
of 5,256,976.000 in the like l949
week-Edison Electric Institute.
Cotton Textile Demand broad
ened in New York today after
buying furry in print cloths and
broadcloths which brought sales
of around so million yards since
last Friday. Sheeting sales turned
fairly active and prices of print
cloths and broadcloths continued
to rise.
Cotton Consumption by domes-
tic mills from April 2 to % aver
aged 36.172 bales per working day
VS.. 28,955 bales daily in the like
1949 period and an average of
IS 1929 bales daily for the period
from February rs to April this
year.-Centus Bureau.
Building Permits in 2l5 cities
were valued at $1,572, 993, 049 in
the first four 1850 months. a new
record for the period, and 37.9%
above year earlier.-Dun 81
Bradstreet. April permits of $445.-
978,656 were $50 below the pre-
vious month, but 1870 above a year
earlier.
Childs Co., operator of So res
taurants, has acquired Louis
Sherry. Inc The restaurants will
serve Sherry ice cream and install
departments to handle the Sherry
line OF cadies, coffee, pastries, pre-
serves. jams and jellies.
AvcO Mfg. Corp. has contracted
to purchase 1880 shares or
around 1870 of outstanding stock
OF Bendix Home Appliances, Inc.
The Bendix line and distribution
organization will be kept separate.
Avco will be the largest single
stakeholder of Bendix.
Johns ManvilIe Corp. declared
a dividend of so cents a common
snare, payable June 9. The COM
pany paid so cents in the previous
quarter and 40 cents in the same
l949 quarter.
Briggs & StrattOn Corp. de-
clared an extra dividend of Is
cents and a regular quarterly of
% cents, both payable June Is.
A similar extra was paid in March.
Fairbanks, Morse & Co. an
nounced plans for construction of
a $5.00O,OO0 scale plant on a 40
acre tract at Turner. Kans.. a
suburb of Kansas City.
Gimbel Brothers reported sales
in three months ended April 80
were $3.50 below a year earlier
and profits were down 1871 to
20%o. No profit total was given.
however. The last Is months in
the retail business have been diff
f1cult, but we expected consider
able improvement for the rest of
the year, said President Bernard
F. Gimbel.
Anaconda Copper Mining Co.
net income for thre months ended
March 81 was $7,903.479 or 81
cents VS.. $14.005 ,005 orN>S1.61 in
the same 1949 period.
American Viscose Corp. earned
81 900. 900 or 1912 share in three
months ended March 81 VS.. So
$50 900 or s3.o6 a year earlier.
b. +. Goodrich Co. net income
for March quarter was $500, 445
or $3.50 VS.. $3,720.933 or $2.45 in
the same 1949 period.
United Aircraft Corp. earned
So. 484.517 or $1.18 in March quar-
ter vs.. a deficit of $3,323,136 a
year earlier.
Sunbeam Corp. profit for March
quarter was $l,988. 1927 or 1921 VS..
$l.336, 400 or sl.48 in the same
l949 period.
Twentieth Century-FOx Film
Corp. earned 1.841 $50 or 81 cents
in Is weeks ended April / vs.. So
017,736 or $l.04 year earlier.
Honolulu Oil Corp. net income
for March quarter was $1.4l0,55
or $3.50 VS.. $2.262 .494 or S2.41 in
the same lS49 period.
Froedtert Grain e. Mating Co.
earned $3.50. 800 or $1.37 In nine
months ended April 80 VS.. $2.205,-
$50 or $2.S2 O year earlier.