Evening star., 1937-10-29
BETHLEHEM STEEL
NETS S9,249,56O
Quarters Profit Compares
With $4,575,058 for Same
1886 Months.
Ry the Associated Press.

NEW YORK, Oct. 29.-Bethlehem
Steel Corp, second largest unit in the
industry, earned nearly three times as
much per common share in the third
quarter of 1887 than in the similar
period last year, but earnings dropped
slightly under the second quarter
figures. its directors reported yesterday.
Net income was s9,249,56O, equal to
S2.31 a common share against S4,575,-
058, or 85 cents a share after pre-
ferred dividends in the comparable
period of 1886 and $40, ,022, ,874, or S2.56
share in the preceding period.
For the first nine months net in
come was s27 ,566, ,267. or $3.50 share,
against $8,609.514, or S101 a share in
the similar period Of 1886.
Fulfilling expectations generally held
in Wall Street, dividend of $1.50 a
share on the common was declared.
Eugene Grace, president. explained
another meeting of the board would
be held in December to appraise fourth
quarter results and decide if any fur
ther dividend action shiuld be taken.
Payments so far this year have been
81. including the forthcoming dis
bursement.
Paramount Pictures.
Paramount Pictures, Inc, estimated
consolidated earnings for the third
quarter at s1,958,000 equal after pre-
ferred dividends to 81 cents a share
on the common stock. For the nine
months ended October 2, earnings
were estimated at s5,276,000, or s1.7S
a share on the common.
The figures in both periods do not
include Paramount's direct interest
in earnings Of partly owned and nom
consolidated subsidiaries.
Earnings in the three-month period
Of 1896. including Paramount's share
in partly owned companies was S2.-
260.764. and for the nine months,
s3,287, ,224 on the same basis.
Merchants & Miners.
The Merchants & Miners Trsnspor-
tation Co. reported net income Of
$50 .280 for the quarter ended Septen-
Der 80, or "a cents a share Net profits
for the corresponding period last year
totaled S364,992 or Sl.54 share.
Parker Pen Co.
Parker Pen Co. of GAINESVILLE. Wis,
reported consolidated net profit for
the six-month period ending August
81, 1887, after depreciation and normal
Federal income taxes, but before al
lowance for tax on undistributed
profit was 1882, 2,781.81. Per share
earnings based on 196,052 shares out
standing August 81. were s134, COM
pared with s1.19 on 1924 shares for
the first six months Of the 1886 fiscal
year.
Eastern Gas & Fuel.
The Eastern Gas g. Fuel Associates.
an affiliate Of the Koppers Co, report
ed gross income Of S11,l90,240 for the
year ending September 80. a jump Of
s673.77l above last year. After pro-
viding for preferred stock dividends Of
s3,361 900, income taxes and s4,000,-
/ 900 for depreciation and depletion, the
company had a deficit of 1891 ,66s,
compared with s525,566 lost in the
preceding year.
Flintkote Co.
Fqintkote Co. reported consolidated
net income for the II weeks ended Oc-
tober 9 of S432.757. before Federal sur
tax. equal 10 IS cents common share.
compared with S473,4S2, or II cents
share, in the same period last year
In the 40 weeks ended October 9 net
income was 81 ,091, ,991. or s1.63 a share.
compared with S944.861. or s1.4l a
share, in the like 1886 weeks.
Skelly Oil Co.
Skelly Oil Co. reported net profit
for the quarter ended September 80
of s1.911.O22. or s18O a common
share, compared with s1,3o7,595. or
s1.20 a share, in the September quar-
ter last year. For the nine months
net profit was s5,34694O. or $500 a
common share, against S3,511.43l, or
s3.19 a share, in the like 1886 period.