Evening star., 1950-03-28
Business Briefs

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| Business Briefs
Business Failures declined to
1856 in the week ended March %
from 2O8 in the previous week, but
remained ahead Of l66 in the like
l949 week-Dun & Bradstreet.
City of New York awarded $40,-
100000 Of tax anticipation notes
to a group of 26 banks. Bearing
interest at 1hso. the notes are
dated March 28 and mature May
4, 1850.
General Telephone Co. has
acquired the stock of Two States
Telephone Co.. which operates in
Texas and Arkansas.
Mathieson Chemical Corp, was
directed by Federal Judge w. CAL
vim Chestnut to answer by April 80
an attempt by two stockholders to
set aside transfer of about $685.
900 in stock to Thomas S. Nichols,
president.
.Bigelow- Sanford reported sales
in the first 1850 quarter will be
around 1919 ahead Of $19, 100000
sales in the same 1949 period.
Shell Oil Co. declared a divi-
dend of so cents a common share,
payable April IA, and announced
a plan to declare dividends quar-
terly. In 1949, the company paid
81 in July and So in December.
Bohn Aluminium g. Brass Corp.
declared a dividend of Is cents a
common share, payable May /,
first payment since declaration
of Is cents in May, 1949.
Benrus Watch Co. declared a
quarterly dividend of Is cents a
common share, payable May l..
Previous payments were 20 cents.
Standard Oil Co. of California
had net income of $137,856,477 or
$10.10 a share in 1949 VS.. $751;
491 1892 or $11.83 in l948.
Consolidated Edison Co. earned
$29 ,007 1868 or 50 % in 1949 VS.. s32.-
066,711 or $2.3l in the previous
year.
Ingersoll- Rand Co. net income
for 1949 was $15.O2O.24l or S7.4O
VS.. $17,907, $50 or 1884 in 1948.
Cannon Mills Co. earned $8,919,-
$50 or S4.30 in 1949 VS.. $26,108,101
or $l2.59 in the previous year.
Air Reduction Co. net income
for 1949 was $6.198.436 or s226
VS.. s6,457.947 or s2.36 in 1948.
Moore Mccormack Lines, Inc,
earned $5,233,067 or $343 in l949
VS.. $8,731, ,183 or $5.73 in the previ-
GUS year.
Rohm & Haas Co. profit for 1949
was $5,115,877 or $500 VS.. $4,289,-
922 or s5.25 in 1948.
Southern Natural Gas Co. earned
S5,083,312 or 1927 in 1949 VS.. $4,-
436,836 or $3.l5 in the previous
year.
Avco Mfg. Corp. net income for
three months ended February %
was $1.137.5 or is cents VS..
81 l,078,787 or IA cents in the same
period a year earlier.
Island Creek Coal Co. earned
$4,141,5 sos or 1886 in 1949 VS..
$6,528,351 or s5.37 in the previous
year.
Diamond Alkali Co. net income
for 1949 was $3,042,298 or $3.50
VS.. $5,280,632 or $4.86 in 1948.
Chesebrough Mfg. Co. earned
$2,076,463 or $6.73 in 1949 VS.. ST.
1851, ,798 or $3.50 in the previous
year.
| Grayson- Robinson Stores profit
for l949 was $1,762,428 or SITS
VS.. $2,489,9 1854 or $4.02 in l948.
Landers, Frary & Clark earned
i$925.9 $40 or $3.50 in 1949 VS.. ST..
160,575 or $276 in the previous
year.
Industrial Brownhoist Corp. net
income for 1949 was $788,710 o,
$1.72 VS.. $1,110,0l9 or s241 in
1948.
Rowe Corp. earned $798,161 OF
$1.58 in 1949 VS.. $843,971 or $1.67
in the previous year.
Union Asbestos g. Rubber Co. net
income for 1949 was $599,648 or
s1.21 VS.. s1,432,924 or $2.98 in
1948.
Ferro Enamel Corp. earned
$972 1888 or $2.33 in l949 VS.. ST.
430, $50 or SAIL in the previous
year.
Baltimore & Ohio Railroad
handled 55.932 cars of freight in
the week ended March Is VS.. ST.
975 in the previous week and a.
t.