Evening star., 1950-04-16
Business Briefs

BUSINESS BFIefS
Cautious Optimism concernin:
the next few months Is felt b!
most business observers, accord
ing to the Cleveland Trust Co
Favorable factors: Activity in tn.
building, auto and steel industries
lower inventories and better or
ders; high consumer income. Ad'
verse factors: Rising unemploy'
ment; mounting farm surpluseS
lower exports; continued Fedora
deficits.
Listed Bond Values on the New
York Stock Exchange declined tt
$125 ,846, ,076,921 on March 81 VS.
I$127,777 ,276,845 a month earlier
Average price dipped to 101.7s
from 1916.
Radio and Appliance Sales o1
retailers in February totaled 1925
million, a gain of SIT million from
the previous month. and $54 mil.
lion above the same 1949 month
Commerce Department. Genera
merchandise stores sold $19s
million worth of goods in Febru-
ary, a drop of Sc million from
a month earlier and $21 million
below a year earlier.
Stocks of Unsold New Autos are
continuing to decline as a result
of record sales in the first 1851
quarter-Automotive News. Deal
ers had 303, ,266 new cars actually
on hand on April l and 16l ,00(
still in transit, compared with
312,457 and 159,500 month
earlier.
General Motors Corp. reported
Buick Motors dealers sold 1875.
new cars in the first 10 days O.
April, compared with 1926 in thu
like period of March. Sales fol
the year to April 10 totaled 144,'
764, a jump of At per cent from
a year earlier.
Proctor & Gamble announced
the wholesale price of Crisce
would be increased ia cents q
pound, effective Immediately.
American Telephone & Tele.
graph Co. earned $64, 100000 ol
$2.42 a share In three months
ended March 81 VS.. $53.412. .403 OF
$2.27 a year earlier. Bell System
earnings applicable to A. T. g. T
stock totaled $72,902.778 or $3.50
in three months ended. February
20 VS.. $44,249,884 or $1.89 q year
earlier. =
Dow Chemical Co. net income
for nine months ended February
28. was $22, ,6S1 ,425 or "a a share
VS.. $21 1893, ,730 or $3.Sl In the same
period last year.
Twentieth Century-Fox Film
Corp. earned $12,415,146 or $4.2s
in SO weeks ended December 81 VS.
$12.509, 1865 or $4.29 in the pre-.
ceding 52-week period.
Consumers Power Co. net in.
come for the year ended March 81
was SIG, 6,390,899 or $2.82 VS.. $14,.
085, ,462 or S2.55 in the preceding
fiscal period.
Kaiser-Frazier Corp. reported 4:
deficit of $30.329,351 in 1949, afte,
giving effect to a 100000 Fed
eral tax carry-back credit, VS.. ne
income of $10,362 ,098 or $2.27 {
share in 1948.
Glenn L. Martin Co. earned
$642, ,682 or 81 cents in thre,
months ended March 81 VS.. $402,
643 or IS cents a year earlier.
Chesapeake Corp. of Virgini,
had net income of $672,546 O.
$1.45 in. IL weeks ended March 2,
VS.. $482, ,259 or $1.04 in the lik'
1949 period.
Sloss- Sheffield Steel g. Irol
Corp. earned $4,000 or $1.16 il
three months ended March 81 VS.
$S75 $40 or. $1.76 a year earlier.
Cream of Wheat Corp. net in
come for three months endet
March 81 was $340,021 or 81 cent
VS.. $324.491 or 81 cents in tn,
same 1949 period.
American Bosch Corp. earnet
$566,597 or so cents in 13 week
ended April 2 VS.. $l,105,3 1922 o.
81 cents on fewer shares a yea,
earlier.
Pacific Tin Consolidated Corp
profit for 1949 was $622,29O O.
81 cents VS.. $737,025 or 68 cent
in 1948.
A. C. Gilbert Co. earned $579,.
095 or $5.47 in the year endet
January 81 VS.. $3.50, ,927 or $7.9(
in the previous year.
Giant Portland Cement Co. ne
income for the year ended March
81 was $480,799 or Sc cents VS.
$503, ,763 or So cents in the preced.
ing fiscal period.
Hoving Corp. earned $250,87.
or IS cents in the year endes
January 81 VS.. $3.50, ,889 or 50 cent
in the previous year.
Bayuk Cigars, Inc., had net in
come of $5.573 or l cent a shar
in three months ended March 8
VS.. $172.457 or % cents in tn
same 1949 period.
Colonial Stores, Inc, sales il
five weeks ended April l totale'
$16.975.674, a gain of 3.1% fror
q year earlier: in 13 weeks ende'
April /. $42,766. 900. q rise Of 2.6%
New York Cotton
NEW YORK. April Is. UH.-Cotton fl