Evening star., 1950-03-08
Business Briefs
Electric Power CONSUMPTION

week VS.. 5,854,259, 900 the previous
week and was 500 above $751;
611,000 in the like 1949 week.
Edison Electric Institute.
Wholesale Food Index, based on
the total cost of a pound each of
81 foods in general use, this week
remained at $5.85, unchanged from
a week ago and 0.7eo above the
year-ago level of $5.81.-Dun &
Bradstreet.
American Industry used 94,159
long tons of new rubber in Janu-
airy, the most for any months since
June, 1948-Commerce Depart
ment.
Chesapeake g. Ohio Rwy. in the
two months ended February %
lost $2.7O2,132 VS., a profit of
$4,650.224 or So cents a share
year earlier.
William Wrigley, Jr., Co. profit
for 1949 was 12,409,356 or $3.50
share VS.. $11,455,114 or S5.82 in
1948.
Ell Paso Electric Co earned
$1,340,073 or 1888 share in the
II months ended January 81 VS..
81 204,7l5 or s2.98 year earlier.
International Harvester earned
$7,05s,000 or A cents share in
the quarter ended January 81 VS..
$17, ,9o5.000 or sl29 year earlier
Tampa Electric Co. in the IL
months ended January 81 earned
81 ,835.775 or $3.07 share vs..
81 ,237 1853 or $2.07 a year earlier.
Burroughs Adding Machine Co.
earned stats, ,698 or $1.50 a share
in 1949 VS.. $12,582,134 or S2.52 in
1948.
Elliott Co. profit for 1949 was
$3,057,141 or $6.97 VS.. $2,775,4e1
or Silt year carrier.
Eastman Kodak Co. profit for
l949 was s49.770,699 or $3.50 a
share VS.. $51,263,118 or SAIL in
1948. -
Libbey Owens Ford Glass Co.
earned s20,985, ,O02 or $500 share
in 1949 VS.. $14,207, ,339 or $3.50 in
1948.
Lima Hamilton Corp. profit for
1949 was $1,668,673 or 86 cents a
share VS.. $4,236,026 or $2.18 in
1948.
Philadelphia Electric g. Subs.
earned $23,154,573 or $1.81 a share
in 1949 VS.. $19,569,907 or $l.63 in
1948.
Standard Rwy. Equip. Mfg. Co.
earned $2,3l1,870 or $1.67 in 1949
VS.. $3,640,937 or $3.50 in 1948.
Glen Alden Coal Co. profit for
1949 was $2,890,313 or $1.67 a
share VS.. $6.363, ,625 or 1887 a year
earlier.
Slosh- Sheffield Steel g. Iron Co.
earned 1852, ,693 or $5.34 a share
in 1949 VS.. $2,659.094 or $5.35 in
1948.
Doehler-Jarvis Corp. earned
$5,775,104 or $5.41 a share in 1949
VS.. $7,599,780 or $7.29 in 1s48.
Pennsylvania Railroad declared
50-cent dividend. payable April
IL to record of March 20. The
company paid rs cents in May,
1949.
Corning Glass Works declared a
25-cent dividend payable March
81 to record of March 20. The
company previously paid 12.5
cents quarterly plus an extra of
SO cents in December
sSeaboard Air Line Railroad Co.
declared 50-cent quarterly divi-
dend out of 1949 earned surplus,
payable March 81. Previous divi-
dends were: so cents in June, Is
each September and December
and extra of so in December.
Minneapolis Honeywell Regu-
lator Co. has bought the Micro
Switch Division of the First In
dustrial Corp. No major changes
are planned.
Alberta, Canada, has registered
a proposed offering of $61 million
in new debentures with the SEC
Sears, Roebuck and Co. sales in
February totaled 42,298,944 VS..
$128.340,018 a year ago, 10.9%
increase.
Spiegel, Inc, retail and mail
order sales for February totaled
$9, ,298.032, an 1856 increase over
81 1885 1898 a year ago.
Studebaker Corp. profit for 1949
was $27, ,563.876 or $1l.70 a share
VS.. $l9,114.972 or $8.11 in 1948.
Celanese Corp. declared a divi-
dend OF so cents per common
share, payable March 81 to record
of March II. Regular quarterly
dividends also were voted on pre-
ferred.
E. de Vries Co., paper and pulp
importers and exporters, will
merge with the Paper Corp. Of
United States March Is. Ali de
Vries will become a vice president
and director Of the paper corpora
lion.