Evening star., 1950-03-09
Business Briefs

Bank Clearings in rs leading
cities declined to $13,3O8, ,2e3 00o
IN the week ended March 8, a drop
OF S.l% from the preceding week
put remained 8.8% above the like
l94S Week-Dun & Bradstreet.
Automobile Production in the
United States this week will in
clude 96.845 cars and 23,065 trucks
VS.. 94,3S4 and 22,440 in the pre-
vlous week-Automotive News.
Plants today completed the mil
nonth passenger car to be built in
the United States this year.
Freight Loadings in the week
ended March totaled 574,395
cars, a gain of SO from the
previous week, but 1852 below
the like 1949 week-Association of
American Railroads.
Business Loans of member
banks in leading cities declined
to $13.834,000,00O on March / a
drop of $20,0o0.O0O from a week
earlier and $1,313, 900 900 below A
year earlier - Federal Reserve
Board.
Crude Oil Production averaged
4,909, ESQ barrels daily in the week
ended March 4 VS.. 5,000,0 in the
previous week and 5,242,800 in
the like 1949 week American
Petroleum Institute.
General Instrument Co. direc-
tors took no action on a common
dividend usually paid in April.
The company paid Is cents in
previous quarters.
Follansbee Steel Co. declared
quarterly dividend of Is cents
payable March 81. Prior to Is
cents in June. 1949, the company
paid rs cents quarterly.
Walgren Co. sales in February
totaled $12,523,456, drop Of
2.5% from a year earlier; in two
months. $25,213,667, a decline
of 1.79o.
McCrory Stores Corp. sales for
February amounted to Sc. 6.209 1886
a decrease of 40 from a wear
earlier; for two months, s11, $780,
937, a drop Of 1.6%.
Edison Bros. Stores sales in
February totaled $4.190, ,446, q de-
cline of 6.46 from a year earlier:
In two months. $8,178,371, a drop
of 8.5%.
E. 1. du Pont de Nemours g. Co.
earned $213,672,141 or $4.52 a
share in 1949 VS.. $157,445, ,622 or
1928 in the previous year.
Shell Oil Co. net income for 194e
was $76, ,423. 900 or $5.67 VS.. SILL
$4,000 or 1927 in 1948.
Celanese Corp. earned 500. .64o.-
826 or $3.19 in 1949 VS.. $3e e,484,-
600 or $6.61 in the previous year.
Kennecott Copper Corp. net in
come for 1949 was $48,110,273 or
$4.45 VS.. 500, ,806,919 or $8.67 in
1948.
Greyhound Corp. earned Sill
593 ,280 or $1.22 in 1949 VS.. s16,-
127,753 or $1.70 in the previous
year.
Electric Auto-Lite Co. net in
come for 1949 was $11,328,420 or
$7.58 VS.. $12,196,49 or $8.16 In
1948.
Industrial Rayon Corp. profit for
1949 was $9,577,455 or $6.01 VS..
$12,623,914 or $7.91 in 1948.
Northern Natural Gas Co. earned
$6, 6,658,021 or $2.73 in 1949 VS.. So
329,380 or $3.12 in the previous
year.
Glidden Co. profit for three
months ended January 81 was
81 1854, ,521 or 10 cents VS.. 81 ,629 1882 |
or 85 cents year earlier.
Truax-Traer Coal Co. earned |
$716,174 or 73 cents in nine
ended Januay 81 VS.. $3,-
790,337 or $685. a year ago. |
Dresser Industries, Inc, profit
for three months ended January
81 was $130,285 or cents VS.. ST.
960,607 or STA year earlier.
James Lees & Sons Co. earned
1888, 1876 or $4.37 in 1949 VS.. $4,-
757 800 or 5.68 in the previous
year.
Mead Corp. net income for 1949
was $3,416,066 or $4.10 VS.. $5,013,-
916 or $685. in 1948.
Sharon Steel Corp. earned So
325 1854 or $3.50 in 1949 VS.. So, 1884,
983 or $14.96 in the previous year.
Electrolux Corp. net income for
1949 was $3,372.539 or $2.74 VS..
e4,l73.937 or $3.50 In 1948.