Evening star., 1950-03-31
Business Briefs

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II Business Briefs |
Money in Circulation declined
to $26. 1863, 100000 on March 20, a
drop of 100000 from a week
earlier and $434, ,OO0,o 900 below a
year earlier - Federal Reserve
Board.
Department Store Sales in the
week ended March Is were even
with a year earlier-Federal Re-
serve Board. Because Easter
comes earlier this year, the board
commented that sales apparently
were not getting their traditional
lift, particularly in womens cloth
ing.
Foreign Silver Price at New
York was lowered one cent an
ounce to TIA cents. The price
was cut half a cent Wednesday.
Tide Water Associated Oil Co.
directors approved redemption on
July of 38.803 shares of $3.75
cumulative preferred stock at $105
a share plus accrued dividends.
General Motors Corp. reported
common and preferred stockhold-
ers totaled 433.684 in the first
1850 quarter VS.. 433,878 three
months earlier and 434 684 a wear
earlier.
Technicolor, Inc, declared a
dividend of so cents a common
share. payable April "a. The
company paid 40 cents quarterly
last year plus a yearend extra of
40 cents.
Grand Union Co. declared a
l0so stock dividend and a regular
quarterly cash dividend of Is
cents, both payable May 26. In
May, 1949, the company paid a SO
stock dividend and a quarterly of
Is cents.
Elastic Stop Nut Corp. Of Amer
lea declared a dividend of Is cents
a common share, payable May l.
Previous declaration was 80 cents
in January.
General Electric Co. reported
appliance sales are exceptionally
good and expects 1850 will be a
better year than 1949 Distribu-
tor and dealer inventories are
about 40To below a year ago, said
H. L. Andrews, vice president.
Montgomery Ward e. Co. earned
SAT, 1877 1898 or $7.13 share, in the
year ended January 81 VS.. $685.
232,076 or $l0.28 in the previous
year.
Republic Steel Corp. profit for
1949 was $46,142,323 Or 1854 VS..
SAG, ,438,382 or $7.61 in 1948.
Twentieth Century-Fox Film
Corp. and subsidiaries earned $12,-
415,146 or $4.28 in SO weeks ended
December 81 VS.. $12,509,2e5 or
$4.29 in So weeks of 1948.
w. T. Grant Co. profit for the
year ended January 81 was So
435,477 or 1913 vs.. $9,299,167 or
$3.67 in the preceding fiscal pc
riod.
Pullman, Inc. earned $5,496. 1874
or $2.42 in l949 VS.. $8,152,083 or.
$3.18 in the previous year.
Union Pacific Railroad System
had net income of $5.426,435 or
SLOT in two months ended Feb
ruary % VS.. a deficit of $4.788.724
in the same 1949 period.
American Chain & Cable Co.
earned $5,012,705 or $4.56 in 1949
VS.. $5,808.471 or $5.32 in the
previous year.
Pacific Telephone & Telegraph
Co. net income for three months
ended February % was $8,701, ,422
or $1.84 vs.. $4,334,757 or 90 cents
a year earlier.
Johnson & johnson and domes-
tic subsidiaries earned H$9, ,281 1886
or SAT in 1949 VS.. $9.696,772 or
s4.93 in the previous year.
American Safety Razor Corp.
and subsidiaries had net income
of 200,99l or IA cents in 1949 VS..
$66O,5l6 or Al cents in 1948.
Louisville g. Nashville Railroad
earned $537,093 or % cents in
two months ended February % VS..
$1,76l ,483 Or rs cents a year
earlier.
Kelsey Hayes Wheel Co. net in
come for three months ended
February % was $788,139 VS..
$1.454,401 q year earlier.
ACR- Brill Motors Co. had q
deficit of $2,1l7.601 in 194s VS..
a loss of $3,327 .568 in 1948.
Hudson Coal Co. reported loss
of 1897, ,060 in 1949 VS.. net in
come OF $l.7s2,775 in the pre-
ceding year.
F. E. Myers & Bros. Co. earned
$285 $50 or SLAB in three months
ended January 81 VS.. 1925 ,653 or
$1.13 a year earlier.
Ritter Co. profit for 1949 was
$420,254 or $2.15 VS.. $708,500 or
$4.08 in 1949.
Century Ribbon Mills earned
$l73,362 or 81 cents in l949 VS..
$357,764 or $1.79 in the previous
year.
Penick d Ford, Ltd, elected j.
Max Widmer president to succeed
F. T. Bedford, who became board