Evening star., 1936-04-29
NET OF PHILLIPS
PETROLEUM SCARS
Profit of $685. $50 in First
Quarter Compares With
S1,542,334 in 1885.
BY the Associated Press.

BY the Associated Press
NEW YORK, April pa first
quarter net profit of $3,S34,559.77, or
rs cents a share, was announced to-
day by Frank Phillips, presidents OF
the Phillips Petroleum Co., Bartles-
vile, Okla.
This was the net profit after re-
serves and retirements had been met,
and compared with $l,542,334.86, or
81 cents a share, for the same period
last year. 49,.
Phillips announced an extra divi-
dend Of Is cents share payable
June in addition to the regular 25-
cent dividend. The payment will be
made to stockholders of record May j.
Business Machines.
International Business Machines
Corp. reported earnings for the three
months ended March 81 of sl,S89, ,921
after all charges and taxes. This is
equal to sass share on the cap
ital stock. In the same quarter last
year the company reported net earn
ings Of sl,77l,9l4, equal to s2.3s a
share.
Yellow Truck &, Coach.
Yellow Truck g. Coach Mfg. Co.,
Pontiac, Mich. reported today net in
come in the March quarter amounted
to $791 ,042, after charges, equal to
$5.27 a share on the per cent
cumulative preferred stock. This
compares with a loss of s239,968 in
the same quarter last year.
Republic Steel Corp.
Republic Steel Corps reports for
the first quarter of this year showed
q sharp drop in consolidated net in
come to $361,03l. as compared with
S1,l9l,440 in the preceding quarter
and s1,S34,235 for the first quarter
of last year The report said the
causes for the decline were lower
prices for steel, extreme cold weather
which reduced operating rates and
curtailment of automobile produc-
ton.
Jones & Laughlin.
The Jones g. Laughlin Steel Corp.
reported for the three months ending
March 81 net loss of $933.279 after
depreciation, depletion and interest.
compared with net loss of s7s4,7s9
in the first three months of 1885.
Norfolk & Western.
The Norfolk & Western Railway
Co.'S net income continued a steady
climb last month. the March figure
amounting to s2.6s3.202-a gain of
s657,7S5 over the corresponding month
OF 1885, and $l3l ,2S9 gain over Feb
Suary.
Cerro De Pasco Copper.
Cerro De Pasco Copper Co., a New
York corporation operating silver
copper properties in Peru, South
America, reported consolidated net in
come of s4,062, ,72o for 1885, equivalent
to s362 a share on the capital stock
This compared with net income of
$l,7s2,019 in 1884, or $1.58 share.
Intertype Corp.
Intertype Corp. reported for the
quarter ended March 81 net income
OF $1l1.4s2. against s57,544 for the like
period last year. Balance for common
stock, after dividend requirements on
preferred stocks, was II cents share.
against II cents share In the 1885
quarter.
Eastern Rolling Mill.
Eastern Rolling Mill Co. reported for
the March quarter. net profit of S8,420,
equal to cents share on the capital
stock, against s4,6S3, or cents share
In the March quarter last year. The
company produces steel sheets at Bal
timore, Nd.
Packard Motor Co.
Packard Motor Car Co. reported for
the first three months net income of
&1,24S,029 after depreciation, taxes and
other expenses, equal to 8 cents a
share on the capital stock. This COM
pares with a net loss Of $1,2l0,162 .
year ago.
Studebaker Corp.
SOUTH BEND, Ind, April 20 R).-
w.. l,1o