Evening star., 1950-05-07
Business Briefs

Steel Production in the Pitts
burgn district is expected to rise
to 101.3% of theoretical capacity
In the coming week VS.. 101.1% In
the last week. Output in the
Youngstown district is expected
to stay at 107%.
Domestic Freight Car Deliveries
dropped to S71 in April VS.. l,7l2
in March and 10.787 in April,
1949-American Railway Car In
Stitute.
General Motors Corp. reported
its Chevrolet Division delivered
164.890 trucks and cars in April,
a new record, which compared
with previous high Of 163.423
units in March.
Hudson Motor Car Co. an
nounced retail sales in April were
500 above the average for the
first three 1850 months to set a
new postwar record. The COM
pany has added 2.400 production
employees since April l.
California Packing Corp. de-
clared an extra dividend Of 81 a
common share. payable June q
first extra since November, 1948
Profit for the year ended Febru-
ary % was $2.048,256 or $7.l5 a
share VS.. $9.612.339 or $3.50 in
the preceding fiscal period.
international Mining Corp. de-
clared a distribution of SO a
share. payable June 2. A large part
If not all Of the payment will
represent return Of capital, off,
cials said.
Sears, Roebuck g. Co. sales in
April totaled $196.8 ,290. a gain
of liz from a year earlier: in
three months ended April 80,
$521,972,916, an increase of go.
8. s. Kresge Co. sales for April
amounted to $23.647.176. a drop
Of 8.1eo from a year, earlier; for
four months, $7S.o96, 1854, a decline
Of 3.8%.
w. T. Grant Co. sales in April
totaled $1e,o98,195, a decrease Of
6.7% from a year earlier; in four
months. $59,843.905, a drop of
3.8%.
Walgreen Co. sales in April
amounted to $19,278.965, about
even with a year earlier: in four
months, $51,s73.129. a decline Of
.7% from a year earlier.
S. III. KreSs e. Co. sales for April
totaled $12,390,749. a decline of
1887 from year earlier: for four
months. $44,758,1ls, a decrease Of
7.4%.
G. C. Murphy Co. sales in April
totaled $l2.296,08l, a drop of 3.8%
from a year earlier: in four
months, $39.563.4O1. down so.
Spiegel, Inc, sales for April
amounted to $11.45s,274, a rise of
4.4% from a year earlier: for four
months, $4o,s31.s3l. a gain OF
1887.
j. J. Newberry Co. sales In April
totaled $10.72l .431. a drop of
3.2% from year earlier; in four
months. $35, ,766, 1927. a decrease of
2.5%.
Mercantile Stores, Inc, sales for
April amounted to $9.357 800, a
decline of $50 from a year
earlier: for three months ended
April 30. 25,329. 900, a decrease
of 2.2%.
McCrory Stores Corp. sales in
April total $7.s37,365. a drop of
4.7% from a year earlier; in four
months. $27.192,oo7, a decline of
l.9%.
Ohio Oil Co. earned $s,360, 1862
or $1.27 a share in three months
ended March 81 VS.. $e,941 ,420 or
$l.5l year earlier.
Chile Copper Co. net income for
1949 was $l5.372. .06O or $3.48 VS..
$24.1l8.670 or $5.46 in 1948.
Duke Power Co. earned $11,117,-
125 or $8.79 in the year ended
March 81 VS.. s$8, ,34l,375 or $6.59
In the previous year.
Archer-DanielS- INLAND Co. net
income for nine months ended
March 81 was $6.709.745 or $4.10
VS.. $8.654.S04 or $5.29 in the same
period last year.
Butler Brothers sales in April
total $8,033,416. a decline of
14.5% from a year earlier.