Evening star., 1950-05-04
Business Briefs

banks in leading cities declined to
S13,474, 100000 on April 26. drop
of .$l00 million from a week
earlier and $3.50 million below a
year earlier Federal Reserve
Board.
Engineering Construction award
ed in the week ended Monday
totaled $250,59l 900. a gain of 14%
from the previous week, and COM
pared with $l29,266,o00 in the
like 1949 week - Engineering
S-Record.
New Passenger Car Registrations
for March may total 465 900 units
R. L. Polk & Co. The total will
exceed March, 1949, figures by
more than 100000.
Wholesale Food Index of Dun &
Bradstreet advanced to 1884 this
week, a gain of l cent from a week
earlier and 2.3% above $5.71 a
year ago.
Crude Oil Production in the
week ended April 20 averaged
5,013,950 barrels daily VS.. 5,026, 100
in the previous week and 4,s79, $50
in the like 1949 week-American
Petroleum Institute.
Heyden Chemical Corp. re-
sumed dividend payments on cap
ital stock with a declaration of
10 cents, payable June l. No ac-
ton was taken for the first 1850
quarter but the company paid Is
cents quarterly in 1949.
Bank of America will issue g.
523.896 shares of stock which
stockholders may purchase at the
rate of one new share for each
six held on May II. The price
will be $40 a share.
State of California awarded
$50 million of state school bonds
to a syndicate headed by Bank
erS Trust Co. The bonds were
the first of a $3.50 million block
authorized to aid needy school
districts.
KrOger Co. sales in four weeks
ended April % totaled S63, ,453,383,
a drop of 40 from a year earlier;
in Is weeks ended April %, $780,
1851, decline of 1.5%.
Household Finance Corp. earned
$3,403.318 or $120 a share in
three months ended March 81 vs.
$3,064,S79 or $1.21 a year earlier.
West Penn Electric Co. and sub
salaries had net income of $2.518,-
263 or 78 cents in March quarter
VS.. $3,150.860 or SO cents in the
same 1949 period.
Scott Paper Co. earned Sl,733,-
730 or $l.87 in three months ended
April l VS.. $1,176,607 or $l.28 a
year earlier.
st. Lawrence Corp, Ltd, and
subsidiaries had net income of
81 ,436,610 in March quarter VS..
S777 1853 in the same 1949 period.
Link-Belt Co. profit for March
quarter was $l,386,523 or $l.69 VS..
$2,031, $50 or $2.49 in the same
period last year.
Cleveland Graphite Bronze Co.
net income for March quarter was
$658.721 or 96 cents VS.. S1.O52, ,18O
or $1.60 in the same period last
year.
Pepsi Cola Co. reported a de-
felt of 100000 for the March
quarter VS.. net income of $4,000
in the same 1949 period.
Carpenter Steel Co. earned ST.
455,742 or $4.04 in nine months
ended March 81 VS.. $1,716,370 or
$4.76 year earlier.
Yale & Towne Mfg. Co. profit
for March quarter was $467 ,946
or 80 cents VS.. $234,2 or 46 cents
in the same 1949 period.
General Phoenix Corp. profit for
March quarter was $202, ,438 or 80
cents VS.. $143,709 or 81 cents in
the same 1949 period.
Kobacker Stores, Inc, earned
$1.171,070 or $227 in the year
ended January 81 VS.. $1,336,254
or $3.50 in the previous year.
DR.. Pepper Co. net income for
March quarter was $107, 900 or IS |
cents VS.. $104,000 or Is cents in
the same 1949 period.
General Precision Equipment
Corp. had a loss of SOL 1927 for
the March quarter VS.. net income
of $124,779 or 81 cents a share in
the same period last year. !
Century Ribbon Mills earned
S51,142 or 25 cents in March |
quarter VS.. $60,216 or 80 cents a |
year earlier.
United Wallpaper, Inc, had a |
deficit of $380,074 in nine months
ended March 81 VS.. net income of
$721.720 or SIS cents a year ear
lier.
Collins & Aikman Corp. earned
$50, 300 or Q cents In So weeks
ended February IS vs.. $519,831 or
90 cents in the previous fiscal