Evening star., 1951-11-30
Business Briefs

Department Store Dollar Sales
across the Nation were IL per cent
higher last week than they were
for the same week in 1850. Cleve-
land topped the II Federal Re-
serve Board districts. reporting in
creases with gain of 40 per cent.
The Philadelphia district gained
ls per cent. Minneapolis was the
only district to report a drop, OF
4 per cent. - Federal Reserve
Board.
Money in Circulation increased /
by SAL million this week to a total |
Of $2S,742. 100000, an increase of
ISL ,l99 900 over the same week
last year.-Federal Reserve Board. |
More than 100000 worth oil
giant forging presses for produc-
ing light-metal component parts |
for airplanes have been ordered
ny the United States Air Force.
Ia Pittsburgh newspaper reported
today. Mesta Machine CO. of
Pittsburgh is said to have re-
ceived a contract for a 10000 ton
capacity machine which will speed
lalrplane construction while low
Iering costs. Other companies IN
Pittsburgh. New York. Salem.
Ohio. and Philadelphia also were
reported to have been given con-
tracts.
Nations Auto Industry shipped
4,687.637 new automobiles from
Iits plants in the first 10 months
Iof 1851, compared with 5.640o47
IN the same period in 1850. which
was the record year for the in
dustry. Truck output including
military units was 1,238,919. over
100000 units more than were built
IN 1850 during the first 10 months.
Automobile Manufacturers AS
sociation.
Consumers Power Co, earned
Sl9.534,269 in the October 81 year
or $2.62 per outstanding share
compared with 1850 net income of
sl7,6s4.463 or $2.55 per share.
Pennsylvania Power and Lirht
earned $11.876.686 or s2.13 Der
outstanding share in the year
ended October 81, vs.. $l2,046, 1888
or $282.
Public Service Of Indiana earned
$7.995,437 or $2.02 per outstanding
share in the year ended October
81, VS.. $8,289,361 or $3.50.
Union Pacific Railroad in the IN
months ended October 81 earned
$48.e49.334 or $1O26 per share
compared with $52,5l9,4s2 or
SHOT per share for the same pe-
riod in 1850.
Atchison, Topeka and Santa Fe
Railway earned $52,419, ,686 in the
10 months ended October 81 orl
1913 per share compared with
1850 earnings Of $57,339,621 orI
$l0.75 per share based on present
capitalization.
Pet Milk Co. in the nine months
ending September 80 earned 81
070,379 or 1898 per share VS.. So
1872 or $5.57.
Bathurst Power and PAPER in
the nine months ending Septem-
Der 80 earned $2,49I ASS or 1897
per Glass B share compared With
$1.802,771 Or $1.85 per share for
the same period in 1850.
Chicago, Rhode Island & Pa
cific Railroad in the 10 months |
ending October 81 earned $l0,-
091 ,399 or $5.08 per share COM
pared with last years like period
earnings of $12,3l9,294 or s6.66
per share.
Crown Zellerbach Corp. earned
$ll,797 ,294 or 1892 per share in
the six months ending October
81, an increase from $11,004 ,285
or 1888 in the same period in
1850.
United States Plywood in the
six months ending October 81 re-
ported earnings of 1885, 800 or
$2.17 on outstanding shares COM
pared with 1850 earnings Of $4.-
SIS, TOO or $307.
Nash-Kelvinator Corp. and sub
sidiaries reported net income of
SIG, 6,220.173 for the year ending
September 80. equal to $3.74 a
share, compared with $28,836,3 1876
or 1854 a share for the previous
fiscal year. The decline was at
tributed to price controls. rising
materials and labor costs, and
higher income tax rates.