Evening star. [volume] (Washington, D.C.) 1854-1972, 1951-03-21
Business Briefs

Electric Power Production a,

L
Electric Power Production adj
vanced to 6,903, 264,000 kilowatti
hours last week, compared with
6,794 SIT 900 the week before and
6,015,3 $4,000 in the comparable
week last year-Edison Electric
Institute.
Fires Destroyed an estimated
S69,136,000 in American property
during February. the National
Board of Underwriters said today.
an increase of 1875 per cent over
losses for February, 1850.
American Car and Foundry Co.
said that an additional $3.50
freight cars ordered brought the
backlog in orders to 1928 cars
as of March Is.
Mesta Machine Co. reported it
has more than $50 million untitled
orders.
Fairchild Engine and Aircraft
Corp, Hagerstown (Md) division,
said IL had received a new order
for substantially increased num-
Der of Fairchild Clio Packets
for the Air Force and Navy. The
number was not disclosed. The
company said much of the work
would be sub-contracted.
Koppers Co., Inc, has taken an
option on 1873 acres at Fontana.
Calf, for plant to manufacture
enamel pipe coatings and roofing
materials. The new unit is ex-
pected to employ between so and
rs workers.
Delta Air Lines ordered a 25-
cent dividend and arranged to
buy 10 Convair $40 planes at Sc
million, with an option for FIVE
more. The airline reported net
profit after taxes of S376,129 for
the first two months of this year.
Chesapeake Corp. of Virginia
declared a dividend of so cents on
outstanding capital shares, pay
able May is to holders of record
May 5.
Detroit Edison Co. earnings
are expected to be SLIGO to $40
a share this year, compared with
$2.18 in 1850. Chairman Prentiss
M. Brown told the annual meet
ing in New York. He attributed
a business decline in the Detroit
area to defense conversion.
U. S. Smelling, Refining e.
Mining Co. earned $1.721,O25 or
Is cents share in the year ended
December 81 VS.. $2,438,7 1913 or 81 81
the year before, before 1850 gain
and 1949 losses from metal price
changes.
Celotex Corp. earned S930,5O4
or IS cents in the quarter ended
January 81. VS.. $250,689 or 20.
cents in the 1850 quarter.
Erie Railroad reported earnings
for 1850 of $13,445 ,493 or S4.67 a
share, VS.. S5,954.235 or S1.60 in
1949.
American Sugar Refining Co.
net for 1850 was $1o,OO6,610 or
1881 a share. VS.. S795O,504 or
$10.75.
Kansas Gas e. Electric Co.
earned $2,86,217 or $3.15 per out
standing share in the year ended
February %, VS.. $2,754,185 OF
1919.
Well & Co. earned S393,224 or
1881 in the year ended January
81, VS.. $291,881 or 1888.
Gillette Safety Razor Co.
earned $16,629,615 or 1881 in the
year ended December 81, VS.. S13.-
9l7.949 or $3.13.
Also for the year ended De-
cember 81:
Pittsburgh Consolidation Coal
Co. earned $16,145,133 or s7.49, VS..
$13,533,072 OF $5.72.
American Machine & Foundry
Co. earned $2.015,846 or $1.53, VS..
$600,163 or 20 cents.
international Cigar Machinery
Co. earned $1,347,109 OF 1925, VS..
81 ,208,269 or $201.
Richfield Oil Corp. earned S23.-
046,378 or $5.76, VS.. $20,434 ,099
or SSH.
Dumont Electric Corp. earned
$128,459 or "a cents, VS.. $10,139
or cents.
Columbian Carbon Co. earned
Sc, l49,161 or 1881, VS.. $5,955,247
or $3.50.
Switzerland Paper Mills, Inc,
earned $3,452,682 or $3.50, VS.. So
573,841 or $8.10.
United Biscuit Co. of America
earned $5,O37. 1886 or $4.92, VS.. S.
306,225 or $5.35.