Evening star., 1950-07-14
Business Briefs
Department Store Sales duri

DcpaEbmcn6 store sales during
the week ended July 8 rose TO
above the year-ago period despite
the fact that stores in some cities
had one less trading day in the
1850 week.-Federal Reserve
Board. Sales for the January l.
July 8 period were 10 under the
1949 period.
Money in Circulation dropped to
$27. .169. .000, 900, a decline of $l46
million from a. week ago and $311
million below a year ago.-Fed-
Ieral Reserve Board.
Bituminous Production for the
week ended July 8 was 1,5O0 900
tons VS.. 10.160,0o0 the previous
week and 4,913,000 in the 1949
week.-National Coal Association.
The low totals were attributed to
annual vacations, usually taken
at this time.
Il. ]. Reynolds Tobacco Co. de-
clared q quarterly 50-cent divi-
dend on common and new Glass
B common, to record of July Is.
Central Maine Power Co. profit
Tor the year ended June 80 was
$4,316,723 or $1.57 a share VS.. $4,-I
05o.811 or $1.49 a year earlier.
Christiana Securities earned
$18,6 ,666,151 or $120.94 a share in
the six months ended June 80 VS..
$14. .639,121 or $94.09 in the 1949
period.
Consolidated Paper Corp, Ltd.
profit for the six months ended
June 80 was $685. ,551 VS.. $5,333,-
73s in the 1949 period.
Consumers Power Co. earned
ST., 7,593,153 or So a share in the
year ended June 80 VS.. $14, ,660,147
or $2.56 a year earlier.
Central Maine Power Co. profit
for the year ended June so was
S4,316,723 or $1.57 a share VS..
$4,O50.811 or $1.49 a year earlier.
Crown Zellerbach Corp. profit
Tor the year ended April 80 was
$18.956,373 or $6.12 a share VS.,
$21 ITS. .080 or $685. a year earlier.
Denver & Rio Grande Western
earned $718.509 or II cents share
IN the five months ended Nav 81
VS.. 81 .534. 782 or $2.44 in the ls49
period.
L0ew's Inc. profit for the 40l
weeks ended june 8 was Sc, ,0l9, AL
or SILT d share US. $5, 100, ,773 or
81 q year earlier.
IA. Lowenstein & Sons prof1t for
the six month ended June 30 was
$3,702.655 or $3.50 a share VS.. So
O75, ,410 or $2.02 in the 1949 period.
Mathieson Alkali Corp. earned
$4,410.084 or 1925 in the six
months ended June 80 VS.. S.. $685.
8l9 or $2.47 in the 1949 period,
Monsanto Chemical profit for
the six months ended June 30
was $13.l23,o61 or $2.s5 a share
VS.. $7,989,858 or s$1.72 in the 1949
period. "a %E
National Tea Co. profit for the
"a weeks ended June II was $2.-
l84 1921 or $2.76 a share VS.. $2,004.-
7l2 or $2.52 in the 1949 period.
Pennroad Corp. earned $1,537,-
600 or 81 cents share in the six
months ended June 80 VS.. $1,561,-
$40 or 81 cents in the 1949 period.
Bond Stores sales In June to-
tailed $6,278,08l. down 40 from
the 1949 period. Sales for the
f1rst six months were $34, 4,919, ,787,
down 16.49o from year earlier.
New York Stock Exchange an
nounced that Cecil MacCoy has
been appointed assistant vice
president and will direct the ex-
changes public relations. Thomas
s. Nichols was elected a director
to represent the public on the
board.
United Air Lines broke all COM
pany records for passengers and
cargo in the first six months of
1850. More than one million pas
sengers were flown, an increase
Of 7.5%.
McKesson & Robbins, Inc, an
nounced it is negotiating a loan
OF $22 million from a group of
institutions to retire a SIS million
issue Of $4 cumulative preferred
stock and provide added working
capital.
Solvay American Corp. profit
for the quarter ended June 30
was $649.337 or 1926 a preferred
share VS.. $598,158 or 1884 COM
mon in the 1949 period.
Sunray OIL Corp. profit for the
six months ended June so was
81. $4,000 or $1.33 a share VS..
"a, ,976.000 or, 80 cents q year
earlier.