Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-09-14
Business Briefs
list INCLUDES ON ' SELECTED ISSUES
Bank CIearings in Is lie.

O@An NACoAAA6O LA az ACdOA11S
cities expanded to $15.056, 424 900
in the week ended September 10,
a gain of 17.7% from the pre-
ceding holiday week and were
1872 above the like 1949 week.
Dun & Bradstreet.
Business Loans of member banks
in leading cities jumped to $14,-
932, 100000 on September 6, a
gain of $193 million from a week
earlier and $t,925, 000, 900 above
a year earlier.-Federal Reserve
Board.
Industrial Expansion Plans for
the last half of 1850 have been
boosted to $9.8 billion, a gain of
$500 million since the Korean war
started and the highest mark
since the last half of 1948, &C
cording to survey by the Com
merce Department and SEC.
Engineering nstruction
awarded in the week ended Sep
TENDER II totaled $219,743,0 900 VS..
$256, 077,00 for the preceding
holiday week and $156.02l, 900 in
the like 1949 week.-Engineering
News-Record.
Freight Loadings in the holiday
week ended September 9 totaled
E75l,276 cars, a drop of 1872 from
the previous full week, but re-
NAMED 20.4% above the like 1949
week.-Association of American
Railroads.
Alexander Smith & Son CARPET
Co. increased carpet prices for the
fifth time thus far in 1850. The
new advance amounts to 10% on
al-wool grades and TO on blends
OF wool with rayon. 1t is effec-
tive September 18.
Equity Corp. and American
General Corp. stockholders have
been called to a special meeting
October II to act on a plan to
merge the two investment trusts.
National Malleable & Steel
Castings Co. declared a dividend
OF 85 cents common share. pay
able December 9, raising 1850 pay
ments to 81, same as in 1949.
National Tank Co. declared an
extra dividend of Sta cents and
regular quarterly of 3712 cents,
both payable September 20.
Firestone Tire & Rubber Co. an
nounced it is constructing a s5I
million tire plant at Des Moines.
Iowa, and expects to have it in pro-
duction next spring.
Westinghouse electric Corn.
awarded a contract for the addi-
ton OF a 00.00o-square-foot wing
to its Little Rock, Ark, plant. The
expansion will raise capacity of
the light bulb plant close to that
OF the Trenton, N. j., plant.
United Stores Corp. has pur-
chased Cassels Five g. 10 Cent
Stores, Inc, of Easley, S. c., which
has seven stores in South Carolina
two in Georgia and one in North
Carolina.
ChadbOurne Hosiery Mills has
purchased Owen Osborne Mills of
Gainesville. Ga, for more than 81
President j. Chad Bolles
announced.
International Telephone G. Tele-
graph Co. and subsidiaries earned
50, 49,, 296 in six months ended
June 80 VS.. $2.413,518 a year
earlier. Net of the parent COM
pany only was $1,O64,199 VS.. ST.
1872, 807.
Gould-National Batteries, Inc,
formerly National Battery Co.,
earned $706,746 or $2.11 a share
in three months ended July 81 VS..
1891, 1853 or SLIT a year earlier.
Western Maryland Railway net
income for August was estimated |
at $4,000 VS.. $363,426 in the
same 1949 month. August coal
revenues were $40 above last year. |
Union Tank Car Co. earned ST.
130,953 or $1.98 in six months
ended June 80 VS.. $1,5o8,263 or
$1.40 a year earlier.
Arden Farms Co. net income for
six months ended June 80 was
$806.201 VS.. 1901 ,203 in the same
1949 period.
Goodall- Sanford, Inc, earned
$440,462 or so cents a share in the
year ended June 80 VS.. $1,212,632
or $1.88 in the previous year.
Federal Screw Works net profit
for the year ended June 80 was
$430, 668 or $2.05 VS.. $566,619 or
$2.70 in the preceding fiscal
period.
Higbie Mfg. Co. earned 1856, 662
or $l.57 in the year ended July
81 VS.. $296,669 or $1.28 in the
previous year.
Symington- Gould Corp. elected
Hynes Sparks president to succeed
Peter F. Rossman, who resigned to
accept an executive appointment
with Hupp Corp. Mr.. Sparks has
been vice president.