Evening star., 1950-03-14
Business Briefs
Steel Mill Operations for

current week were scheduled at
l89.8% of capacity, indicating
production of 1.711.800 net tons
American Iron & Steel Insti-
tute. Figures last week were
1857 and 1.4O1, 100 tons; a
month ago. 90.7% and 1,72s, 900;
a year ago. 1927 and 1880, 400.
Business Failures increased to
22l in the week ended March. 8
VS.. ITO in the previous week and
ITO in the like 1949 week-Dun
& Bradstreet.
Listed Stock Values on the New
York Stock Exchange increased to
$7o, 8,810,111 on February % VS..
ST, ,940, ,210,683 on January 81. The
average price was $36.01 share
VS.. $35.74 a month earlier.
Refined Copper Shipments to
domestic fabricators rose to 112,-
773 tons in February VS.. Ill ,668
in the previous month.-Copper
Institute.
Zinc Price was raised one fourth
Of cent a pound to 10 cents,
East st. Louis basis, for prime
Western zinc.
Panhandle Eastern Pipe Line
Co. has arranged a $12,50O, 900
loan from six banks to finance
purchase of 60eo, control of
Trunkline Gas Supply Co., it was
announced at Panhandle's annual
meeting.
Lit Brothers registered with the
SEC $4,000, 1000 of sinking fund
debentures to finance retirement
OF S. ,987 900 Of 81 preferred stock.
Western Electric Co. declared a
dividend Of rs cents a common
share, payable March 81. Pre-
vious quarterly payments were 81.
American Box Board Co. de-
clared dividend of 10 cents a
common share, payable April 10.
The company paid Is cents each
last January and in August, 1949.
Eastern Gas g. Fuel Associates
trustees took no action on the So
preferred dividend due at this
time.
General Motors Corp. earned
$656,434,232 or $14.64 a share in
1949 VS.. $44o.447,724 or 1912 in
the previous year.
international Nickel Co. of Can
ada, Ltd. had net income of
32.252,314 or $2.08 in 1s49 VS..
$39, ,108, ,404 or $2.55 in 194s.
Borden Co. earned $21 ,89O,479
or $50 in 194S VS.. $19,179,427 or
$4.46 in the previous year.
Jones & Laughlin Steel Corn.
profit for 1949 was s20,961 900 or
$3.50 a share VS.. $31 ,222 900 or
$12.01 in 1948.
American Radiator e. Standard
Sanitary Corp. net income for 1949
was $18,393,714 or $3.50 VS.. $26,-
1913. 3.105 or $2.57.
American Sugar Refining Co.
earned $7,950,504 or SLOTS in 1949
VS.. $7,648, $3.50 or s10.07 in the pre-
vious year.
Canadian Celanese Ltd, net in
come for 1949 was S6,178,343 or
s4.33 VS.. $5,283,890 or 1851 in
1948.
Hershey Chocolate Corp. earned
SIS, 5,481 ,242 or $6.15 in 1949 VS..
$8,o03,3 ,347 or 1927 in the previous
year.
Chicago Pneumatic Tool Co. net
income for 1949 was $3,484, ,665 or
$7.94 VS.. $5,445,8O0 or s13.23 in
1948.
Houdaille- Hershey Corp. profit
for 1949 was $1,745,652 or $1.68
VS.. $2,740,760 or $2.95. /
Fire Railroad earned. SIS, ,954 ,235
or $1.60 In l949 VS.. $14,295, ,348 or
S. in the previous year.
Kendall Co. profit for 1949 was |
SIS, ,123, 900 or $6.19 VS.. $8,719.s99
or $10.68 in 1948.
Stanley Works earned 81, zoe, ,861
or $8.27 in 1949 VS.. $5,349,2s9 or
$3.50 in the previous year.
Glenmore DistilIeries Co. net
income for 1949 was $2,703, 1856 or
$2.58 VS.. $3,oos,1e6 or $2.s7 in
1948.
American Optical Co. earned
2,190, ,499 or $3.50 in 1949 VS..
81, 500 800 or $4.13 in the previous
year.
Intertype Corp. profit for 1s4s
was s1.731, 1866 or $7.S1 VS.. $1,287,-
283 or $3.50 in 1948.
Southeastern Greyhound Lines
earned $1.4ss,733 or $1.37 in 1s49l
VS.. $1,566.844 or $1.44 in the
previous year. ~
Lamson &, Sessions Co. profit |
for 1949 was $1,026.5ll or 1922 |
VS.. $1.855,777 or $3.50 in 1948.
Baltimore & Ohio Railroad
handled 57,466 cars of freight in
the week ended March IL VS.. a.
482 in the previous week and ST.
379 in the like 1949 week.