Evening star., 1950-06-07
Business Briefs
Electric Power Consumption


clined to 5.631,934.000 kilowatt
hours in the week ended June 3
VS.. 5,893. 1870 in the previous
week and was 1921 above the
5,018,27 900 in the like 1949 week.
Edison Electric Institute.
Wholesale Food Price Index of
Dun & Bradstreet this week con-
tinued its climb. rising to So
the highest level since January IS,
l949. when it was $500. This
compares with $5.94 a week ago
and S5.73 a year ago.
Silver Production declined To
in April, but gold and copper re-
mained virtually unchanged from
March.-Bureau of Mines.
Wholesalers Sales declined 6%
to $5.113.000,O00 in April. Part
Of the March-to-April decline was
attributed to fewer working days
in April. Sales of non-durable
goods were off 7Ho in April, those
of durable goods 4To.-Commerce
Department.
New York Cotton Exchange
elected Perry E. Moore of Robert
Moore & Co. as president.
Wool Associates of the New York
Cotton Exchange have reelected
William Reid of Bache 81 Co. as
president.
Sears, Roebuck & Co. sales for
this year ended May 81 set a rec
ord Of $735, ,760, los, up 7.4% over
the 1949 period. while May sales
set record of $213,7S7,l89. up
ll% over a year ago.
National Shirt Shops sales in
May totaled $1,350,969 a gain of
9.9% from year earlier; in five
months ended May 81, $500, ,6O8,
an increase of 6.19o.
Mercantile Stores, Inc, sales for
May totaled $10.176.000 or 4.2%
over May. 1919; sales for the first
four months Of 1850 were $35, 5,467.- :
200, 0.6% under the figure for the
l949 period.
Interstate Department Stores
sales for May were $5,270,280, up
6.4% over year ago: sales for the
first four months of 1850 were
1877, ,709. down 2.4%o from the
1949 period.
Colonial Stores, Inc, sales for
the four weeks ended May q were
$l3,210,000, up 4.1% over the 1949
period; for 81 weeks they were
$69, $3.50, 900, up go.
G. r. Kinney Co. sales for May
were $2.971 900, up 80 over the
1949 period; for five months they
were $12.101 900. down 1870 from
a year ago.
Gerber Products Co. sales for
the year ended March 81 were
$42, ,235, ,693, new record and an
8.2% increase over the $39, ,036 ,063
for the previous year. Profit was
$3,309,423 VS.. $2.750,318 a year
earlier. A 50-cent quarterly divi-
dend has been declared to record
OF May Is, in addition to a SLIPS
preferred payment to record of
June Is.
Seaboard Air Line Railroad Co.
declared a 50-cent dividend on
common, payable June 80 to
record of June 10. The same
amount was paid March 81.
United States Plywood Corp.
raised its quarterly dividend to 35
cents from Is previously paid.
The larger dividend is payable to
record Of July /.
Lion Oil Co. increased the quar-
terly dividend on common to SO
cents from Sta cents previously
paid. The larger dividend is pay
able July is to record Of June 80.
Continental Motors profit for
the six months ended April 80
was 81 ,374,351 or ~ cents s. share
VS.. $1,319,414 or 40 cents q year
earlier.
Foster & Kleiser Co. earned
81 ,096, ,491 or $1.73 share In the
year ended March 81 VS.. 81, 1853. .631
or $1.83 year earlier.
Niagara Falls Power and subs.
profit for the year ended March
81 was $2.36S,635 VS.. $l.916,131
a year earlier.
Spencer Kellogg & Sons earned
81 ,421 1895 or $l16 share In the
36 weeks ended May 6 VS.. $3,275,-
048 or $2.68 year earlier.
Rudolph Wurlitzer Co. an
nounced election of Bentley Nc
Cloud as a director.