Evening star., 1950-04-27
Business Briefs

49, oAtS "SSh CA1OCN ApI IL 20, QrOp
OF 1897 from the previous week,
but remained So above the like
1S49 week-Dun & Bradstreet.
Engineering Construction award
ed In the week ended Monday
totaled $219. .148, 900 VS.. $185, ,7O8,-
600 in the previous week and
$l45, ,936000 in the like l949|
week-Engineering News Record.
Automobile Production in the
United States this week will in
'clude 1868 cars and 25.78lI
trucks VS.. 1898 and 25,9O6 last
week-Automotive News. May
output will exceed 100000 units
the trade paper said.
Business Loans of member banks
IN leading cities declined to $13,-
ST. 900, 900 on April 10. a drop of
$l45, 100000 from a week earlier
and $733 100000 below a year
earlier.-Federal Reserve Board.
Crude Oil Production in the
week ended April % averaged
5,026. 100 barrels daily VS.. 4 ,998. 800
in the previous week and 1878 $50
in the like 1949 week.-American
Petroleum Institute.
SeabOard Air Line Railroad
asked ICC permission to issue
$30,000,000 Of new 30-year first
mortgage bonds. series B, to be
sold at competitive bidding. Pro-
ceeds would be used to retire $751;
534, 500 of series A. 40 bonds.
Champion Paper & Fibre Co.
declared a dividend of so cents a
common share. payable June l.
Previous payments were so cents.
Armstrong Cork Co. declared a
dividend of IS cents a common
share, payable June /. Previous
payment was so cents in March.
Savage Arms Corp. declared
dividend of IS cents a common
share. payable May "a. A year.
end dividend of IS cents was paid
in December.
Shell Oil Co. earned $22, ,06O ,639
or $1.64 share in three months
ended March 81 VS.. $2l,42l ,909
or $1.59 year earlier.
National Steel Corp. net income
for March quarter was $13,434.454
or $1.82 VS.. $14,753.775 or 81 in
the same 1949 period.
AtchisOn, Topeka e. Sante Fe
Railway earned $12,612,035 or
$4.55 in March quarter VS.. $9,4S4,-
400 or 1927 a year earlier.
General Foods Corp. profit In
March quarter will equal $1.25 a
share. according to unaudited fig
ures, VS.. $l.32 share or 1888, ,797
in the same 1949 period.
American Radiator g. Stand
ard Sanitary Corp. earned $4, ,70O,-
600 or 46 cents in March quarter
VS.. $3.742,0 900 or 81 cents year
earlier.
New England Telephone G. Tele-
graph Co. net income for March
quarter was $4,333.580 or $2.79 VS..
ST ,454,611 or 81 cents in the same
1949 period.
United Merchants e. Mfgs., Inc,
earned $3,577 900 or "a cents in
March quarter VS.. $2,147, 900 or so
cents year earlier.
Wheeling Steel Corp. net income
for March quarter was $3,187, ,696
or $3.50 VS.. $4,010,137 or 1924 In
the same 1949 period.
Houston Oil Co. of Texas earned
81 .603, ,266 or $1.46 in March quar-
ter vs.. $1,522.411 or $1.38 a year
earlier.
Keystone Steel & Wire Co. pro-
f1t for March quarter was $1,922.-
069 or $1.03 VS.. $1.248,354 or 81 .
cents in the same 1949 period.
pson Products, Inc,
earned $1,697 $50 or 1887 in
March quarter VS.. $996,950 or
$2.06 a year earlier.
Freeport Sulphur Co. profit for
March quarter was S1.506,327 or
$1.88 VS.. $1,236.227 or s1.55 in the
SAME 1919 PSIlOQ.
Plymouth Oil Co. earned 81 $780,
502 or $1.16 in March quarter VS..
81. .375 300 or $134 a year earlier.
James Lees & Sons Co. net in
come for March quarter was
81, ,240.777 or $l.48 VS.. $l,028, sol
or 81 % in the same 1949 period.
Associated Dry Goods Corp.
earned $4.837, 800 or $2.93 in IL
months ended January 81 VS..
$6.104,16 or $3.50 in the previous
year.
American Agricultural Chemical
Co. net income for nine months
ended April 2 was 81 1896, 1926 or
1918 vs.. $2.526.226 or $4.02 a year
earlier.
A. E. Staley Mgf. Co. earned
$915,118 or $1.03 in March quarter
VS.. $905 .268 or $1.ol q year earlier.