Evening star., 1936-05-08
LARGE GAIN SHOWN.
BY GENERAL TIME.
Leading Clock Firm Nets
$310,833, Against $780,
088 in 1885 Quarter.
by the Associated Press.

BY the Associated Press.
NEW YORK, May S.-General Time
instruments Corp, one Of the largest
manufacturers of clocks in the United
States, reported combined net profit
Of S310,833 for the first quarter Of
1885, after charges, compared with
s135, ,088 for the first three months Of
1885.
The total is equivalent to 78 cents a
common share, compared with Is
cents q share, on an adjusted basis,
for the 1885 period.
Ralph H. Matthiessen, president, at
tributed the upturn to introduction Of
new clock models and the unusually
low 1885 profits. He said normal
increase during the remainder of the
year in sales and profits is antici-
pated, but any continuance Of this
(abnormaD increase is not to be ex-
pected."
Purity Bakeries Corp.
Purity Bakeries Corp. operating
more than so baking plants through
out the country, reported for the is
weeks ended April 18 net loss Of
S188612, against net income OF
s179,464, or % cents share, for the
corresponding period last year.
Superheater Co.
Superheater Co. of Delaware and
its Canadian affiliate reported for the
quarter ended March 81 net income
Of s263,644, equivalent to 80 cents a
share on capital stock, against $780,
433, or 20 cents a share. in the March
quarter last year. Plants. for the
production Of superheaters for loco
motive, marine and stationary en-
gine boilers and other equipment are
operated at East Chicago. Ind; Wells
vile, N. Y; Sherbrooke, Canada, and
abroad.
Louisiana Land.
Louisiana Land & Exploration Co.
reported for the year ended December
81. 1895. net income of 1918, 1875,
equivalent to 80 cents share on the
capital stock. against $3.50, ,693, or IS
cents share in 1884.
Reed Roller Bit.
Reed Roller Bit Co. of Houston,
Tex, manufacturers Of patented ro-
tary drill bits and allied equipment,
reported March quarter net income of
s348,6 ,696, equivalent to STA a share
of capital stock. Comparative figures
for last year are not available.
United Light & Power.
United Light g. Power Co.. with
operating public utility properties in
a number of Western States, reported
consolidated net income of S3,093,03
for the IL months ended March 81,
equivalent to S5.l5 share on the Sc
cumulative first preferred stock. on
paid dividends. This compares with
s769,l65 or Sl28 a share on the first
preferred stock in the IL months ended
March 81, 1885.
General Steel Castings.
General Steel Castings Corp. Of
Eddystone, Pa, for the quarter ended
March 81, had consolidated net loss Of
S622. .983 against net loss Of s4sS,235
in the March quarter last year.
Pullman, Inc.
CHICAGO, May s-First-quarter
net earnings of Pullman, Inc, and
all subsidiaries we're reported as ST.
20O262 For the corresponding period
in 1885 the net totaled s680,137.
Earnings from all sources, after
deducing all expenses incident to
operations and provision for Federal
income tax, were s4,586, 795 in 1886
and s3,745,949 in the first three
months of 1885. Current earnings
boosted the average per share from
l8 cents to 81 cents for the quarterly
period.
Pullman Co.
The report of transportation opera
tions for March showed the Pullman
Co. sleeping car affiliate of Pullman.
Inc, earned gross of S4.479, ASS
and a net after taxes and fixed ex-
penses Of s288,349, in comparison with
a gross of s4,004,144 in March. 1895,
and deficit of $345,133. Figures for
transportation operations did not in
clude the earnings of the manufac-
turing subsidiaries Of Pullman, Inc.