Evening star., 1950-07-17
Business Briefs


$3, LAO, 100000 expansion program
in the next five years.-American
Gas Association. About $2,750,-
100000 will be spent by natural
gas companies and 51%o of these
expenditures will be for new
transmission lines.
Record High Assets of the Ma
tion's savings associations at the
end of 1949 totaled $14,6O4, 900 900
United States Savings & Loan
League. The increase of $685.
030,000 from a year earlier also
was record.
Lumber Shipments in the week
ended July 8 exceeded production
by 23.6%.-National Lumber
Manufacturers Association. In
coming orders exceeded output by
27.1%. Production for the week
was $50 above a year earlier
shipments were up 25.5% and new
orders were up 1927.
American Telephone & Tele-
graph Co. reported the Bell Sys-
tenn added 935, 900 new telephones
in the first six 1850 months and
extended direct dialing on long
distance calls to 800 cities and
towns.
General Motors Corp. reported
its Chevrolet Division set new
truck sales records in June and
the first half of 1850. Retail sales
OF Oldsmobiles in the first ten
days Of July were the largest ever
recorded for that period.
Atlantic Coast Fisheries Co. is
negotiating to sell its Monterey
Calf. properties, including a can
merry and rendering plant. The
prospective purchaser was not dis
closed
Food Machinery G. Chemical
Corp. has acquired Propulsion En-
gine Corp. Of Kansas City, Kan,
maker OF rotary power mowers and
tWo-cycle gasoline utility engines.
Niagara Mohawk Power Corn.
earned $12.103.166 or $1.27 a share
IN six months ended June 80 VS.
SIC, ,533, ,429 or $1.06 a year earlier
Standard Steel Spring Co. net
income for six months ended June
80 was $4.S33.847 or $2.7o VS.. S.
170,107 or $2.12 in the same 194e
period.
H. ]. Heinz Co. earned 81, 364,O17
or $2.S5 in the year ended May 8
VS.. s6,451.o or $4.33 in the previ-
GUS year.
Alpha Portland Cement Co. net
income for IL months ended June
30 was $3,128,552 or $5.31 VS.. So
348,817 or $3.50 in the preceding
fiscal period.
Chesapeake Corp. of Virginia
earned $1.405,313 or $3.04 in "a
weeks ended June 18 VS.. STAG ,043
or $1.62 a year earlier.
Duplan Corp. profit for the year
ended May 81 was $2.O19.755 or
$2.11 VS.. $3,016,197 or So "a in the
like 1949 period.
Cream of Wheat Corp. earned
$493. 1873 or 80 cents in six months
ended June 80 VS.. $497, ,428 or SO
cents a year earlier.
Chicago Yellow Cab Co. net in
come for three months ended
March 81 was $126,712 or 49 cents
VS.. $136,734 or So cents in the like
1949 period.
Elastic Stop Nut Corp. earned
$210,754 or 46 cents in six months
ended May 81 VS.. $222,023 or 4s
cents year earlier.
Booth Fisheries Corp. net in
come for the year ended April 30
was $366,777 or $1.52 VS. $685., ,012
or $2.57 in the preceding fiscal
period.
Finance Co. Of America (BaIti-
more) earned $169,377 in six
months ended June 80 VS.. $102,741
a year earlier.
Warren Bros. Co. net income
for five months ended May 81 was
Sill, 1,810 or 80 cents VS.. $124,528
or IS cents in the same 194S peri
3D..
National Broadcasting Co. an
the appointment of
George Wallace as manager of the
advertising and promotion depart
ment and George MacGovern as
manager of the radio sales plan
ming and research department.