Evening star., 1950-12-27
Business Briefs

Oou AhuCAs
based on the price per pound of
81 general foods, rose 10 cents
this week to $500, the highest
since September ID, 194s. This
was 20.6To over the year-ago level
of $5.72.-Dun & Bradstreet
Business Failures in the week
ended December 81 rose to 174
VS.. $50 week earlier and 1876 a
year ago.-Dun & Bradstreet.
Steel Production is scheduled
this week at 1001% of capacity
or 1.930.600 net tons, VS.. 100.8To
last week and 93.1To a year ago
American Iron & Steel Institute.
Natural Gas Company operat-
ing revenues throughout the Ma
ton in October totaled S91,7l9,-
SOB. 27.8To above October 194s.
Net incomes totaled $S.489,874 in
October. 464qo above October
1949.-Federal Power Commission.
Southern Railway Co. will re-
deem $125 million Of its st. Louis
Division first mortgage 40 bonds
next week.
Remington Rand, Inc, has
formed business machine man.
ufacturing and distributing organ
ization in Japan with Japanese
business interests.
CarbOrundum Co. and the Min
nesota Mining and Manufacture
ing Co. have abandoned plans for
a merger, the Niagara Falls Ga
zette reports.
F. H. McGraw e. Co. has named
Donald w. Neville to head its
$3.50 million atomic energy con-
struction project at Paducah, KY.
Amalgamated Sugar Co. profit
for the year ended September 80
was S2,007.937 or s243 a share
VS.. s2,659,672 or 1887 a year
earlier.
Seaboard Air Line Railroad
profit for the II months ended
November 80 was s8,854,967 or
1851 VS.. s4,248,9l0 or s4.19 for
the 1949 period.
Norfolk Southern Railway profit
for the II months ended Novem-
Der 80 was $641.973 VS.. S398,663
for 194s period.
Chicago. Burlington e. Quincy
R.R. earned $685. 1863 or s15.45
share in the II months ended
November 80 VS.. $13,925,904 or
$8,l5 year earlier.
Dallas Light & Power profit for
the year ended November 80 was
$3,137,165 VS.. $2,716,290 a year
earlier.
Gibson Refrigerator Co. profit
for the year ended September 80
was $3100.161 or $5.17 share
VS.. $1,121,824 or $1.87 year
earlier.
H. ]. Heinz Co. profit for the
six months ended November l was
$4,082, ,009 or $2.78 share VS..
S2,899.924 or $1.93 in the 1949
period.
Iowa Public Service Co. earned
$2,832, SOB or $2.01 a share in the
year ended November 30 VS.. $2,-
932, ,563 or $2.18 year earlier.
Lehigh Valley R.R. earned So
1924 in the IL months ended
November 80 VS.. $214,127 in the
1949 period.
Norfolk g. Western Rwy. profit
for the II months ended November
80 was $24.116. 900 or $4.14 a share
VS.. $16.588.024 or $2.81 in the
1949 period.
Reading Co. earned $8,562 ,269
or $4.28 share in the II months
ended November 80 VS.. $685. 1868
o. $1.88 in the 1949 period.
Reliance Electric & Engineering
Co. profit for the year ended
October 81 was $1,715,743 or s8.37
share VS.. 1929 or STOP a
year earlier.
Schenley Industries, Inc, profit |
for the November 80 quarter was
6,992 ,425 or $1.60 a share VS..
SO, ilZ, 1888 or Sl.99 IN the 1949
period.
Texas Electric Service Co. profit
for the year ended November 80
was $5.401,691 VS.. $4,271,705 a
year earlier.
Texas Power & Light profit for
the year ended November 80 was
$5,886,426 VS.. $4.792,305 a year
earlier.
Texas g. Pacific Rwy. earned
$7,233.617 or $15.86 a share in
the II months ended November
80 VS.. $4,315,375 or $3.50 in the
1949 period
Texas Utilities Co. profit for
the year ended November 80 was
$11.460,988 or $3.50 share vs..
60 900 701 or 90 IN a vear ear1ier