Evening star., 1950-05-23
Business Briefs

OuOAACSS nhul CO dCSiI1Co w 1OO
in the week ended May Is VS.. 217
in the preceding week. but re-
manned above 172 in the like 1949
Week-Dun g. Bradstreet.
General Mills. Inc, declared an
extra dividend of so cents a COM
mon share. payable July l. raising
payments for the year ended May
81 to $3.50 VS.. $2.25 in the pre-
viouS year.
Mullins Mfg. Corp. declared a
quarterly dividend of 40 cents a
common share. payable July l..
Previous quarterly payments were
Is cents. An extra of Is cents
was paid in January.
Swift International Co., Ltd,
stockholders approved a reorgani-
zation plan at Buenos Aires, Pres
ident Joseph Hanson announced.
The company will be renamed In
ternational Packers. Ltd, and
will become a holding company
organized in the United States
1t has been registered in Delaware
Shares of the new company will
be offered for old shares on an
even exchange basis. I"
American Metal Products Co.
registered with the SEC 426, ,00O
common shares to be sold by
stockholders. None of the pro-
ceeds will go to the company.
Champion Savings Corp. of
Montreal announced its president,
Lloyd R. Champion, had obtained
financial backing of a group of
New York bankers for 5000, ,000.-
900 oil and natural gas pipeline
from Alberta to the Pacific Coast.
The line would stretch some 1000
miles.
James Lees g. Sons Co. will be-
gin production of carpets made
from two synthetic yarns in an
effort to broaden its position in
the lower-priced carpet field. The
new carpets will be made Of Es-
tron. a 1000 celluloSe acetate
yarn, and placed on the market
this summer.
Public Service Co. of Colorado
stockholders approved doubling of
the number of shares and a re-
duction in par value to $40 from
$40. The stock split is expected
to increase the number Of stock
holders.
Avco Mfg. Corp. arranged to
dispose Of it's holdings of 366. 1854
shares of Pan American Airways
through a secondary Offering to be
made late today.
Ohio Match Co. notified stock
holders of an offer to buy 10000
shares of the company's stock at
$35 a share. The offer was said
to be from a West Coast invest
ment group. The stock has been
quoted over the counter recently.
at $32 bid. $35 offered.
National Gypsum Co. sales and
earnings this year will be the
highest on record, President M. H.
Baker predicted. Sales in the first
four 1850 months were 1919 above
a year earlier. Profit was equal to
$1.23 a share VS.. 50 cents a year
earlier.
Omnibus Corp. stockholders
were told that business was off in
the first 1850 quarter and earnings
for the period will be below a year
earlier. However, business i'm
proved during March and April.
Glidden Co. earned $2,721,712 or
$l.27 in six months ended April
80 VS.. $2,671,611 or $1.37 a year
earlier.
Hilton Hotels Corp. net income
for three months ended March 81
was $1,143,218 or u cents VS..
$974,828 or go cents in the same
1949 period.
Lionel Corp. earned S1,650.32l|
or $4.58 in the year ended Febru-
ary % VS.. $1.588.437 or SAL in
the previous year.
American Export Lines profit
for March quarter was $215,476 VS..
$1.122.173 in the same l949 period.
Radio Keith Orpheum Corn.
earned $1o5 .957 or 3 cents a share
in 13 weeks ended April / VS..
81 .037 ,480 or q cents a year
earlier.
Long Island Railroad reported
deficit Of S2.402,844 for three
months ended March 81 VS.. a loss
of $3,745.620 in the same 1949
period.
Baltimore & Ohio Railroad
handled 74,084 cars of freight in
the week ended May 20 VS.. 4,379I
In the previous week and 62,l2l in
tt1n 1{ka 1oA0 u,e>L