Evening star., 1950-03-03
Business Briefs
Money in Circulation expanded

/ a
Money in Circulation expanded
to $27. 100000, 900 on March 1, a
gain of 100000 from a week
earlier, but remained $497 ,00o,0 900
below a year earlier-Federal Re
serve Board.
Department Store Sales across
the Nation averaged SO below a
year earlier in the week ended
February Federal Reserve
Board. For the year to date, sales
averaged 4% behind a year earlier.
New York Stock Exchange cut
two months" from it's usual five-
day-week summer schedule. The
exchange will close on Saturdays
from July to September 2.
Acme Hamilton Rubber Co. of
Trenton, N. j., has offered to
purchase the Norwalk Tire & Rub
ber Co. for 100000 plus stock.
Paramount Pictures Corp. de-
clared quarterly dividend of SO
cents a common share, payable
March 20. This is the first pay
ment by the producing company.
Crown Zellerbach Corp. declared
la yearend dividend of 80 cents a
share, payable April l, raising pay
ments for the year ended April 80
to So, same as in the previous year.
Sun Chemical Corp. declared a
dividend of IS cents common
share, payable April /. Previous
payments were 10 cents.
General Motors Corp. announced
its Chevrolet Division built 291,-
784 cars and trucks in the first
two 1850 months, a new record,
and 689o ahead of the same 1949
period.
Chrysler Corp. earned $132,170,-
096 or $15.19 a share in 1949 VS..
$89, ,187 ,240 or $l0.25 in the pre-
vious year.
Standard Oil Co. Gndiana)
had net income of $102, 2,668 ,228 or
$6.72 in 1949 VS.. $140,079,286 or
$9.16 in 1948.
Union Oil Co. of California
earned $20,356,946 or $3.50 in
1949 VS.. $31,293,147 or 1851 in the
previous year.
International Business Machines
Corp. net income for 1949 was
$33 3,277,332 or $12.64 VS.. $28, ,10O,-
534 or $10.68 in 1948.
Budd Co. earned $15,038,116 or
$4.12 in 1949 VS.. $9,329 1854 or $2.48
in the previous year.
Container Corp. profit for l949
was $S.777.328 or $8.46 VS.. $1o,-
424 ,593 or $10.12 in l948.
Rayonier, Inc, net income for
1949 was $5,975,34g or s4.75 vs..
s10.287,0 ,045 or $500 in 1948.
Scott Paper Co. earned $685.
603 or $6.07 in 1949 VS.. $3,839,179
or $4.l5 in the previous year.
First National Stores profit for
three months ended December 81
was 81 .695,591 or $2.e7 VS.. $1,547,-
342 or $1.89 in the same 1948
period.
A. o. Smith Corp. earned $2,784,-
657 or $2.78 in six. months ended
January 81 VS.. $3,127,241 or $3.13
a year earlier. FF
National Tea Co. profit for 1949
was $4,571 ,935 or $5.78 VS.. $4,050,-
006 or IS. .08 in 1948.
United States Plywood Corp
earned $2,682, 900 or $1.76 in nine
months ended January 81 VS.. S.
448, 200 or SAL a year earlier.
American Investment Co. of nli-
nois had net income of $500, ,122
or $500 in l949 VS.. $2,624,105 or
,$2.11 in 1948. 4
Tennessee Corp. earned $3.029,-
159 or $3.55 in l949 VS.. $3,613,563
or s4.23 in the previous year.
Wagner Electric Co. net in
come for 1949 was $3,01o.336 or
s6.o3 VS.. $3,8o7,081 or $7.7S inI
1948.
National Battery Co. earned
81 ,683 900 or $500 in nine months
ended January 81 VS.. $2.457 900
or 1888 year earlier.
Industrial Acceptance Corp. net
income for 1949 was 81 ,960,901 VS..
$1.159, ,038 in 1948.
General Railway Signal Co.
earned $957,4 or 1884 in 1949
VS.. $1,401,472 or $3.88 in the pre-
vious year. J
New York Shipbuilding Co. net
income for 1949 was $703, ,438 or
$1.41 VS.. $969.84 or $1.94 in 1948
2 Bell Aircraft Corp. earned
$204,142 in 1949 VS.. a deficit of !
$347,122 in the previous year.
Atlas Corp. reported net asset 7
value equal to $30.12 a share on !
December 81 VS.. $27.18 a year