Evening star., 1951-02-23
Business Briefs
Bank Clearings in 25

cities IN the week ended Febru-
airy 81 totaled $17.976,056,000, up
41.6% from the like week year
ago.-Dun g. Bradstreet.
Business Loans by banks in
leading cities in the week ended
February IA totaled $18, ,449,0 ,000,-
900, up S128 million from the pre-
vious week. and $4,544,000,000
above the like week of a year ago.
Federal Reserve Board.
Heavy Construction Contracts
awarded in the week ended Feb
ruary 19 totalled $223,777 900,
compared with $685. 6.465 900 in the
preceding week and 1858 ,585 900
in the like week a year ago.
Engineering News Record.
Burlington Mills Corp. stock
holders will be asked March &c
to approve a common stock split,
6 million new common shares
and to authorize 100000 shares
of a new class of preferred.
Potomac Edison Co. of Fred
erick. Md, asked ICC authority
to issue for public bidding $40
million of first mortgage and COL
lateral trust bonds to mature
1881.
Earnings Statements by 72 lead
ing companies, among the first to
report for 1850, show that COM
bined they made $678,164,768 or
33.5 per cent more last year than
they did in 1949.
C. 1. T. Financial Corp. in year
ended December 81 earned $780,
787 sos or $8.O4 a share ve. $26,-
232,673 or $6.81 in 1949.
Bell Tele. of Penna. in year
ended December 81 earned $23,-
332.46o or 1852 a share VS.. $12.-
612,030 or $5.15 in 1949.
Detroit Edison Co. in year ended
January 81 earned S16,781,746 or
$2.12 a share VS.. $13.689,541 or
$1.78 in 1850.
Standard Oil of Kentucky in
year ended December 81 earned
$12,072.227 or $4.63 share VS..
S13.718,318 or $5.27 in 1949.
Cons. Vultee Aircraft in year
ended November 80 earned S10,-
241 ,644 or $4.36 a share VS.. $3,-
713.156 or ST go in 1949.
New England Electric System in
year ended December 81 earned
I$10,523,000 or $1.42 share VS..
$9,566.62 or $1.30 in 1949.
Crucible Steel Co. in year ended
December 81 earned $6,311,254 or
$9.73 a share VS.. $1,352,000 or
s4.35 on the preferred in 1949.
Worthington p. g. Mach Corp.
in year ended December 81 earned
$5.9o9.2 or $50 a share VS..
S5,357.05 or $5.11 in 1949.
Scoviil Mfg. Co. in year ended
December 81 earned $7,119,510 or
$5.48 a share VS.. S1,9l6.127 or
s1.2o in 1949.
Charles Pfizer & Co. in year
ended December 81 earned So
940,521 or $3.50 a share VS.. ST.
345 .290 or $5.18 in 1949.
Shawinigan Water & Power in
year ended December 81 earned
$5.308,30l or $1.98 q share VS..
$3.923,129 or $l.43 in 1949.
Long Island r. r. in year ended
December 81 had a net loss of
$4,604,712 VS.. a net loss of $780,
289 in 1949.
Clark Equipment Co. in year
ended December 81 earned $4,-
7S1 ,552 or $8.86 a share VS.. $2,654,-
706 or $4.36 in 1949.
American Chicle Corp. in year
ended December 81 earned S4,-
803, ,037 or$3.7o a share VS.. $4,301,-
451 or So 81 In 1949.
Continental Foundry G. Mach.
in year ended November 80 earned
$1,835,882 or $5.04 a share VS..
81 500. .120 or $4.63 in 1949.
Calf. Oregon Power Co. in year
ended January 81 earned $2,246.-
973 or 1929 a share VS.. $2,018.55
or $500 in 1850.
West Vir. Pulp & Paper in 3
months ended January 81 earned
$2,676.00o or $3.50 a share VS..
$1,963,4o0 in 1850 period.
Other earnings Included:
For Year Endc} December 81