Evening star., 1950-02-17
Business Briefs

~N~~- ~NAA OSe~A
Business Briefs
Money in Circulation expanded
to s26,993 100000 on February IS.
a gain of 100000 from a week
earlier, but remained $487 900. 900
below year earlier-Federal Re-
serve Board.
Cotton Spinning Operations in
January stood at 1880 of capacity
VS.. 124.7% in the previous month
and 1920 in January, 1949-
Census Bureau.
Newsprint Stocks on hand or in
transit averaged 40 days supply
on January 81 VS.. 81 days a month
earlier and As days year earlier
Newspaper Publishers Association.
United Light G. Railways Co.
stockholders and those of its sub
sidiary, Continental Gas & Electric
Corp, approved liquidation of both
companies.
Gerber Products Co. announced
its purchase of the Curtice Broth
ers plant at Rochester, N. Y.
General Motors Corp. announced
its Chevrolet division sold 49.339
vehicles in the first 10 days of
February, a new all-time record.
which included 39,751 passenger
cars and 1888 commercial vehicles.
Kennecott Copper Corp. de-
clared a dividend of rs cents a
common share. payable March 81.
Last March. the company paid Is
cents regular and so cents special
Commercial Credit Co. declared
quarterly dividend of s1,20 a
common share. payable March 81.
Last year the company paid 80
cents each in three quarters and
quarterly payment of ST and
a special 80 cents in December.
First National Stores, Inc, de-
clared a quarterly dividend of rs
icents common share and a spe-
; clal OF so cents, both payable
March 27. A similar special was
paid in March, 194o.
Security Bank Note Co. direc-
tors took no action on the quar-
terly dividend of Is cents on 81
cumulative preferred stock due
March /.
Equitable Life Assurance So
clety reported life insurance in
force at the end of 1949 totaled
s14.l16, 100000, new record
New business in the year totaled
81 ,135, 100000.
Mutual Life Insurance Co. of
New York reported 1949 operations
resulted in net gain of $3O,677,-
200 for its policyholders VS.. a net
gain of $29,063, 300 in 1948.
Virginia Electric & Power Co.
net income for IL months ended
January 81 was s8,123,515 or S1.8o
share VS.. $5,850,599 or $1.43 in
the preceding fiscal period.
Imperial Tobacco Co. of Canada,
Ltd, earned $6,864,954 or 81 cents
in 1949 VS.. $7.193,O11 or 81 cents
in the previous year.
Plymouth Oil Co. net income for
1949 was $6,171,118 or S5.12 VS..
$6,594,656 or $6.38 in 1s48.
Ashland Oil g. Refining Co.
earned $2,234,184 or $1.26 in three
months ended December 81 VS..
$3,814,734 or 1928 year earlier.
Eastern Gas & Fuel Associates
had net income of $3,722,435 in
1949 VS.. $9,41l,67O in 1948.
Cooper-Bessemer Corp. earned
$2,852,251 or $6.91 in 1949 VS..
$3,412,563 or 1927 in the previous
year.
Cluett, Peabody & Co. net in
come for 1949 was $2,OO8, ,088 or
$1.92 in 1949 VS.. $4,625,190 or
$3.50 in 1948.
Richman Brothers Co. earned
$2,419,122 or 1886 in 1949 VS..
$3,081 ,451 or 1892 in the previous
year.
King-Seeley Corp. net income
for six months was $1,O83,458 or
$2.68 VS.. $895,12 or $3.50 a year
earlier.
Mccormack & Co. earned $734,-
476 in the year ended November
80 VS.. $464.697 in the preceding
fiscal period.
L. C. Smith g. Corona Type
writers, Inc, net income for three
months ended December 81 was
$415,382 or $1.29 VS.. $345,567 or
SLOT in the same 1948 period.
West Virginia Coal G. Coke Co.
earned $830.169 or $1.98 in 1949
VS.. $2,659,597 or $6.21 in the pre-
vious year.
WHY'S Overland Motors, Inc,
net income for three months endedi
December 81 was $75,205 VS.. $l,-I
847,801 in the same 1948 period.
E. L. Bruce Co. earned 1927 ,295
or $1.15 in six months ended De-
cember 81 VS.. $915,286 or $3.40 al
wear earlier |