Evening star., 1935-07-25
GENERAL MOTORS
EARNINGS JUMP
Quarterly Net Equivalent
to SLIT a Share Against
88 Cents In 1884.
By the Associated Press


88 Cents In 1894.
By the Associated Press.
NEW YORK, July 25.-Alfred P.
Sloan, ir., president of General Motors
Corp, announced today that net earn
ings applicable to the common stock
for the quarter ended June 80 were
equivalent to SLIT share. This COM
pares with earnings of 8S cents q
share in the June quarter last year.
The quarters earnings on a per
share basis were the largest for any
June quarter since 1881.
For the six months ended June 30
net applicable to the common stock
amounted to $l.85 a share, against
$l.51 a share for the first half of 1894.
Net income in the second quarter,
after preferred dividends. was S49, ,924,-
9l2. against 37,s72. .535 for the second
quarter of 1884. In the March quar-
ter this year net amounted to S3l,-
$4,000, equal to 68 cents common
share.
For the first half net income, after
preferred dividends, was $79, ,14O, ,728,
against s64, ,997 SOB for the like period
last year.
AS of June 80 corporations holdings
of cash, U. S. Government and other
marketable securities amounted to
$229.858,180, compared with SPOIL
713,115 at June 80, 1884, and $780,
966,609 at December 81, 1884.
New Haven Loss Cut.
BOSTON, July 25 lP)-A reduced
| deficit for June, but an increased
deficit for the first six months Of
1885. we're reported by the New York
New Haven g. Hartford Railroad Co.
today.
The June deficit after charges, but
before guarantees on separately oper-
| ated properties, was s35.052, the
smallest monthly deficit since March.
1884.
Gross revenues for the first half of
| this year were s34882, ,935. a decrease
Of $908,619 from last year The six
month deficit was sl,613 $50. an in
crease of sl89. .256 over the first half
Of 1884. Net railway operating income
| for six months of this year was S4,-
| 243,829. an increase of S539 555 over
the same period last year and the
largest for any comparable period
since 1892. Wage restorations for this
period, the company reported, amount
ed to approximately sl,200,000 more
than In the same period a year ago.
Sun Oil Reports-
| NEW YORK, July IS lP).-Corporate
earnings reports issued today included:
Sun Oil Co. and subsidiaries, six
months ended June 30 net income,
$3,l57 1863. equal to $l.52 a share on
the common stock. against s3.SIS.01s.
! or s204 a share, in the first half Of
1884.
National DistilIers.
National Distillers Products Corp
| Six months ended June 30, net profit.
81 ,882,706, equal TO $l.4l share Of
common stock. against S5,698l63. or
s2.S7 share IN the first half of last
year.
National Lead Co.
National Lead Co.-Six months.
ended June sc. net profit. $2.615.51o.
equal to $685. share on the common.
against s2,06e,755 or s406 a share
first half last year.
Ward Baking Corp. Z.
| Ward Baking Corp. and subsidiaries
I-Twenty-sever weeks, ended July 6,
| net profit, 1920, ,397, equal to s125 o
| share of 7 per cent preferred stock,
against net loss Of So 895 for the same
period last year.
Bendix Aviation.
Bendix Avia ton Corp-Six months,
ended June go net profit. sl.611,l83,
equal to rs cents a share of the capi-
tai stock. against s1.515.1s2. or "a
cents a share in the first half of 1884.
Business Machines Corp.
| International Business Machines
Corp.-Six months, ended June 80, net
income $3.548.ll5. equal to $4.94 q
share of capital stock. against So
! 401176. or s4.74 a share in the first
half last year.
National Dairy Products.
National Dairy Products Corp-Six
months, ended June 30, net profit, So
ll94l7. equal to 40 cents a common
share. against $4,000 1897, or So cents
a share in the first half last year.
United Biscuit Co.
United Biscuit Co., months ended
| June 30, net profit. 1881. .662. against
! s491.2 ATT, in first half of 1884.
Hayes Body Corp.
Hayes Body Corp. and subsidiaries,
s months ended June 30, net loss,
So, ,420 after taxes and charges against
net loss of $5,27l in the first haif
Of 1884
Intertype Corp.
Intertype Corp. months ended
June 30. indicated net profit S106, ,436,
equal, after preferred dividend require
! ments to 80 cents a share on the COM
mon. against $60,S57. or 10 cents q
common share in the first half of 1894
Crown Zellerbach Corp.
Crown Zellerbach Corp. and sub
salaries, fiscal year ended April 80,
consolidated profit, s1383,214. against
sl,579.640 in preceding fiscal year.
Air Reduction Co.
Air Reduction Co., Inc, reported for
the second quarter Of this year net
income of 81 ,254, ,324, equivalent to
\ S1 5n q share of eanital stock cOm-
pared with net of Sl,216,532, equal to
Sl.45 a share, for the second quarter
of 1894 Earnings for the first half OF
; this year equaled 1901 share. against
| $2.67 for the same period of 1884.
Commercial Investment.