Evening star., 1950-04-25
Business Briefs

/
Business Failures declined to
1873 in the week ended April 20
VS.. 201 in the previous week and
1913 in the like 1949 week-Dun g.
Bradstreet.
Thompson Products, Inc. de-
clared dividend of IS cents a
common share, payable June Is.
Previous payment was so cents.
Stockholders approved an in
crease in authorized common to
l 100000 shares from 100000 to,
provide for a 20fe stock dividend
and future capital needs.
South Carolina Electric & Gas
Co. will redeem $4,000 900 of
f1rst-mortgage bonds on May Is.
The 3saFc bonds will be paid at
106.25 and 33sfc bonds at 103.87.
Pan American Always will
spend $9000,000 this year to en-
courage travel between the United
States and Latin America, said
Vice President Wilbur L. Morrison
at news conference in Buenos
Aires. The bulk will be used in
newspaper and magazine adver-
tising.
Sears, Roebuck a. Co. profits
are running much better than a
year ago. although April sales
have been disappointing so far.
|Chairmans Robert E. Wood told
stockholders at the annual meet
ing.
Allied Chemical e. Dye Corp.
sales and net income in the first
1850 quarter were about the same
as a year earlier, said President
F. J. Emmerich at the annual
meeting.
Texas Gulf Sulphur Co. earned
$6,407,279 or sl.92 a share in three
months ended March 81 VS.. S.
332,o56 or S1.so year earlier.
Philadelphia Electric Co. net in
come for IL months ended March
81 was $25,255. .0s1 or s2.0l vs..
20,302,060 or s1.7o in the preced-
ing fiscal period
Allis- Chalmers Mfg. Co. earned
$4.373,733 or $1.62 In March quar-
ter VS.. S4,877, 1888 or S1.82 a year
earlier.
Philip Morris & CO., Ltd, net in
come for the year ended March 81
was $l5.303.184 or $7.26 VS.. $12,-
498,058 or $5.84 in the preceding
fiscal period.
Colgate = Palmolive- -Peet Co.
earned $3,676.918 or s1.79 in three
months ended March 81 VS.. So
529, 1888 or $l.71 a year earlier.
Corn Products Refining Co. net
income for March quarter was So |
630.296 or $1.26 vs.. $3,314,562 or
$1.14 in the same 194o period.
Kimberly Clark Corp. earned
$2,953,142 or s1.s2 in March
quarter VS.. $1,534,641 or 90 cents
a year earlier.
Standard Oil Co. of Ohio had
net income of s2,722,733 or II
cents in March quarter VS.. $3.9l2,-
160 or $l.03 In the same 1949
period.
Kellogg Co. profit for 1949 was
S11.536,174 or S5.28 VS.. $9,501 ,0e4 |
or $4.35 in 1948. /
Air Reduction Co. earned
$1.847,757 or 81 cents In March |
quarter VS.. S1,617,430 or 60 cents |
a year earlier.
Koppers Co. profit for March
quarter was $1.794,554 or $1.02 VS.. |
$1,813,131 or s1.09 in the same |
1949 period.
Sharon Steel Corp. earned |
$t,633,630 or s2.65 in March |
quarter VS.. S2,905, ,30l or $4.7l q |
year earlier.
Reynolds Metals Co. profit for |
March quarter was $l,454,257 or
Sill VS.. S3.320,597 or s2.61 in the
same 1949 period.
Anchor Hooking Glass Co. earn
ed 4.460 ,254 or $5.86 in IL months
ended March 81 VS.. $3,863,s17 or
$500 in the previous year.
United Biscuit Co. of America
had net income of $1.114, ,606 or
81 .08 in March quarter VS.. $1,318,-
SIT or $1.38 in the same 1949
period.
National Airlines earned 81 ,043.-
3l3 or $1.04 in March quarter VS..
S717,929 or 70 cents a year earlier.
Rheem Mfg. Co. net income for
March quarter was $3.50 .009 or 80
cents VS.. s563. 500 or SO cents in the
same 1949 period.
Climax Molybdenum Co. earned |
$532.911 or 81 cents in March |
quarter VS.. $576.697 or % cents a
year earlier.
Vanadium Corp. Of America
had a profit of $448, ,524 or $1.11
for March quarter VS.. $307 .246 or
~ T. - =