Evening star., 1950-07-12
Business Briefs

ELECTRIC Power CONSUMPTION
dropped to 5,37s,924 900 kilowatt
hours in the holiday week ended
July 8 VS.. a record high of 6,115,-
10000 in the previous week, but
was 80 above 1882 ,173 900 in the
like 1949 week-Edison Electric
Institute.
Steel Production in the 1850
quarter set new record for the
period of 24,895, ,488 net tons VS..
the previous record of 24,093, 1923
set in the same 1949 period
American Iron & Steel Institute.
For half of 1850, output was
Al 7,106,141 tons, or nearly 1900, 900
above the previous peak for the
period set last year.
Zinc Deliveries to the Govern
ment increased sharply in June
and pushed total shipments from
the Nations smelters to 9o,92O
tons for the month, new high
since November, 1948-American
Zinc Institute. The Government
took 22,284 tons VS.. 1906 in May.
Private consumers received 68,214|
tons VS.. 71,101 in May. Demand
has exceeded supplies for months.
Interest on Business Loans in
New York averaged slightly higher
between March and June, but the
rate remained around or below
rates charged in June, 1949-Fed-
eral Reserve Bank of New York.
The rate on loans due within a
year averaged 2.34% in June VS..
2.28% in March and 2.33% in
June, 1949. On longer term loans |
the June average was 2.48% VS..
2.35% in March and 2.77% al
year earlier.
aluminium, Ltd, declared al
quarterly dividend of rs, payable
in Canadian funds September 5.
Previous payments were so.
Grand Union Co. sales in FIVE
weeks ended July / totaled $14.-I
923, ,695, a gain of 1897 from al
year earlier; in 18 weeks ended
July 1, $51,177,939, also an in
crease of 1887.
Shoe Corp. of America sales in
June totaled $4,201 ,626, a gain of
1887 from a year earlier; in six
$17,341,168. an increase of
$3.50
Philip Morris & Co., Ltd, esti-
mated net income for three
months ended June 80 was $1.85
a share VS.. SITS a year earlier.
Sales for the three months
totaled $75,859, 900, a gain of $12,-
448. 900 from a year earlier.
Bell Telephone Co. of Pennsyl-
vania earned $10,089,434 in five
months ended May 81 VS.. $4,836,-
1913 year earlier.
Southwestern Bell Telephone |
Co. net income for five months
ended May 81 was $9,883,555 VS..
$5, ,451, ,586 in the same 1949 period.
Granite City Steel Co. earned
$2,373 ,293 or $5.97 in five months
ended May 81 VS.. $1,406,2 ,2O5 or
1884 a year earlier.
SOundview Pulp Co. net income
for six months ended June 80 was
81. 2.337,847 or $3.50 VS.. $2,709, ,621 |
or $2.77 in the same 1949 period. |
General Tire & Rubber Co.
earned $1,666,974 or $2.44 in six
months ended May 81 VS.. $474, ,758
Or Al cents a year earlier.
Collins & Aikman Corp. net in
come for three months ended May
~ was $371 1877 or 66 cents a share
VS.. a deficit of $252,856 in the like
period last year.
Eagle-Picher Co. earned 759,772
,r IS cents in six months ended
May 81 VS.. $1,833,887 or $2.06 a
rear earlier.
Struthers Well Corp. net income
or six months ended May 81 was
1862 2,569 VS.. $615,669 in the same
.949 period.
Transue g. Williams Steel Forg-
ngs Co. earned $175,665 or $1.29
n six months ended June 80 VS..
s205. 1877 to $1.52 year earlier.
Burton Dixie Corp. has pur-
chased the Denver National Mat
,ress Co. of Denver. Colo, for an
amount.
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