Evening star., 1951-05-25
Business Briefs

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week was 9,725, 900 tons, compared
with 100000 the week before
and 9,743. 900 in the similar week
last year.-National Coal Associa-
tion.
Cotton Spinning Industry oper-
ated during April at 1864 per cent
Of capacity on a two-shift, 30
hour week basis. This compared
with 1877 per cent in March and
1918 per cent in April of last
year.-Census Bureau.
Heavy Construction Contracts
awarded in the week ended Mon
day amounted to Stills, 900,
compared to $151, 1872 900 the week
before and 1921. 100000 in the
comparable week last year.-En-
gineering News-Record.
Rail Freight Volume last week
totaled 809,475 cars, 0.2 per cent
above the preceding week and SO
per cent above the corresponding
week in 1950.-Association of
American Railroads.
Money in Circulation declined
$36 million in the week ended
Wednesday, to a total of $27,251,-
100000 This was an increase of
l$343 million over the similar week
Hast year.-Federal Reserve Board.
Retail Sales in April totaled
ISL. $40. 100000 which was 3 per
cent below March and per cent
below February, but 4 per cent
labove April, 1950.-Commerce De-
|partment. -
Year-Round Saturday Closing
of the New York Stock Exchange
was asked in petition presented
to the board of governors yester-
day with the signatures Of 329
members.
Servel, Inc, said q Is per cent
reduction in its manufacture of
household refrigerators would be
necesSitated by Government re-
lstrictions on materials. Its plant
at Evansville, Ind, will stop re-
lfrigerator production completely
from May 80 to June II, then
resume at lower rate.
Colts Manufacturing Co. elected
Walter P. Jacob of West Redding
Conn.,. executive vice president, al
new position in the century -old
firearms concern. Mr.. Jacob is
president of Hartford Electric
Steel Corp.
Pittsburgh Steel Co. is negotiat-
ing for the purchase of Thomas
Steel Co., Warren, Ohio. Pitts
burgh produces basic steel and
Thomas makes speciality strip.
Parkard Motor Car Co. has
started to build a 100000 square
foot plant near Utica, Mich, to
produce turbo-jet engines for the
Air Force.
Kaiser Steel Corp. announced
plans for putting it's eighth open
hearth furnace in operation Sum-
day at it's Los Angeles plant. This
will raise the plants annual ca
pacity to 100000 tons of ingots.
Carrier Corp. announced 216,-
575 common shares will be offered
present holders at the rate of one
new share for each three held.
The offering is expected June IL,
with subscription rights to expire
June 26.
Union Pacific Railroad earned
$19.024,068 or 1898 per common
share in the four months ended
April 80 VS.. $13.103,143 or $2.65
in the same period last year.
Seaboard Finance Co. earned
$648,844 or so cents in the March
81 quarter VS.. $556,451 or 49 cents
|per outstanding share.
Delaware, Lackawana & West
ern Railroad earned $2,819,982 or
$1.67 in the four months ended
with April VS.. $229,76 or 13 cents.
Creole Petroleum Corp. earned
$48 million or $1.86 in the March
81 quarter VS.. $35 million or $1.35.
Chain Belt Co. earned $1,098,-
020 in the six months ended April
100 or $2.25 VS.. $668,477 or $1.37.
Consumers Power Co. earned
$19, ,632,067 or $3.50 in the year
|ended April 80 VS.. >$16,970,551 or
|$2.72.
Electric Bond & Share Co.
learned $5S11.442 or $1.01 in the
year ended March 81 VS.. $685.
994 or GA cents.
Eastern Gas & Fuel Associaf fion