Evening star., 1950-07-20
Business Briefs

Bank Clearings in Is leading
cities rose to $15.106, ,297, 900 in
the week ended July 10, a gain
OF 5.1% from the previous week
and 1857 above the like 1949
week-Dun & Bradstreet.
Business Loans of member
banks in leading cities totaled
$13, ,725, ,0oo. 900 on July IL, a gain
Of $65 million from a week earlier
and $761 million above a year
earlier-Federal Reserve Board.
Engineering COnstruction n
awarded in the week ended Mon
day totaled $343.307. 900. only
slightly below the peacetime rec
ord Of 1854 ,963. 900 in the previous
week and was more than double
$158, ISL 900 in the like 1949 week.
Engineering News-Record. :.
Short Interest in Stocks listed
on the New York Stock Exchange
on July IA totaled 1.756, ,026 shares
VS.. 2.36S.946 on June Is. The drop
OF more than 100000 was the
largest since mid-1933. ID
Freight Loadings in the week
ended July Is totaled 789, ,268 cars,
a jump of 42.596 from the preced-
ing holiday week, and were 90
above the like 1949 week-Associ-
alton of American Railroads.
Railroad Operating Revenues of
class I carriers in June were about
7.4% above year earlier-Associ-
alton of American Railroads. |
Freight receipts were up 9.69o, but
passenger revenues were down ia.
Hudson Motor Car Co. declared
a quarterly dividend of Is cents
and a special of Is cents, both
payable September /.
Jaeger Machine Co. declared a
quarterly dividend of SO cents a.
common share, payable September
IL. The company paid 40 cents
in June and 80 cents in previous
quarters.
Sun Oil Co. net income for six
months ended June 80 was S13,-
15O.663 or $3.50 a share VS.. $12,-
822 1893 or $2.56 in the same 1949
period.
Johns-Manville Corp. earned
$l0,100,687 or 1925 in six months
ended June 80 VS.. $5,765, 800 or
$1.94 year earlier.
North American Aviation, Inc.
net income for nine months ended
June 30 was $5,157, 900 or S1.50|
VS.. 5,195, ,044 or $1.51 in the same
period last year.
Reynolds Metals Co. earned
$3,908,097 or $3.03 in six months
ended June 80 VS.. $3,335,328 or
$2.57 a year earlier.
Cleveland Cliffs Iron Co. nett
income for six months ended June
80 was $3,567,404 or $1.14 vs.
$3,914,894 or $1.29 in the same |
1949 period.
American Enka Corp. earned
81, 2,869,631 or $7.70 in "a weeks
ended June 18 VS.. $2,947,77O or
$1.Sl year earlier.
WOrthingtOn Pump G. Machin-
cry Corp. profit for six months
ended June 80 was $2,622, 1926 or
$2.49 VS.. $2.600,190 or $2.47 in the
same period last year.
American Airlines, Inc. net in
come for six months ended June
80 was $2,426,544 or 27 cents VS..
$3.535, 300 or A cents in the
same 1949 period.
Continental Steel Corp. earned
81, ,710,790 or $3.41 in six months
ended June 80 VS.. $413,805 or SO
cents a year earlier.
American Steel FoundrieS net
income for nine months ended
June 80 was $1,763,411 or $1.48
VS.. $6.389,889 or $5.38 in the same
period last year.,
National MalIeable g. Steel
Castings Co. earned $1,488,471 or
$3.13 in six months ended June
80 VS.. $1,838.571 or 1887 a year
earlier.
Gamble-Skogmo, Inc, net in
come for six months ended June
80 was 81 ,080,806 or 81 cents VS..
1857 ,692 OF 8 cents in the same
1949 period.
West Virginia Coal & Coke Co.
earned $769,297 or $1.83' in six
months ended June 80 VS.. 1854, ,765
or 1928 year earlier.
Lynch Corp. net income for six
months ended June 80 was $685.
932 or $1.29 VS.. $357.602 or 10
cents in the same 1Q4o rerind