Evening star., 1937-04-30
UNITED GAS NETS
S7,071,S73PROF|T
Quarters Total Compares
With $7,003,144 for
Same 1886 Period.
By the Associated Press.


NEW YORK, April 30.-United Gas
Improvement Co., utility holding COM
pany, with headquarters at Philadel-
phia and operating properties in vari-
Gus States, East and West, reported for
three months ended March 81 net
income of s7,o7l ,873, equal after divi-
dend on preferred stock to 25 cents q
share on the common stock This
compared with $7,003,1 la, or rs cents
a share on common, for the March
quarter last year.
For the IL months ended March 81
net income was $28,022, ,486, or 81 a
common share. For the preceding II
months the balance for the common
also equalled 81 a share.
Archer Daniels.
Archer-Daniels- Midland Co. report
ed for nine months ended March 81
net profit Of $1,85O,54l, equal after
preferred dividend requirements to
S307 a share on common stock This
compared with $l,22O,816, or Sl92 a
share, for the nine months ended
March 81, 1886.
National Steel Corp
The National Steel Corp. reported
net income, after all charges except
the Federal surtax on undistributed
profits, of S5,695, 1924 for the quar-
ter ending March 81, 1887 This was
equal to s2.63 a share on 2,163,277
shares of capital stock outstanding,
and represents the highest net income
for any three-month period in the
history Of the corporation, the report
said.
Net profit for the corresponding pc
riod of 1886 was s2,377,1446o, equal
to $l.l0 a share on 2,l56,977 shares
then outstanding.
Electric AutOlite.
The Electric Autolite Co. and its
subsidiaries reported net earnings OF
$l,l49,629, or 96l cents a share, on
its l,l96,229 shares of common stock
for the first quarter Of 1887. This
represents a gain of 48 per cent over
STATIC earned in the corresponding
period last year.
Calumet & Hecla.
Calumet g. Hecla Consolidated
Mining Co. reported for the first quar-
ter consolidated net income of S78l 1862
after estimated Federal taxes, equal to
SO cents share on 2,005,502 common
shares. This compares with s146,555
before provision for Federal taxes in
the corresponding period of 1896
Mines are in Michigan and headquar-
ters in Boston.
Commonwealth Edison.
Commonwealth Edison Co., serving
the Chicago district, reported for the
March quarter net income Of S4,47l,-
4so, after s249,7ss Federal surtax
equal to $2.77 a common share. This
compares with adjusted net income OF
S3,040,744, or Sl89, in the like 1886
period.
Auburn Automobile.
Auburn Automobile Co., of Auburn
Ind. reported for three months ended
February %, the first quarter of it.
fiscal year, consolidated net loss OF
1892 564, against net loss of s7O3. .561
in first quarter of previous year. Net
sales were sl,563,655, against sl,4l4,-
837.
Sea board Oil,
Seaboard Oil Co. and subsidiaries
with properties in California and
other leading fields, reported March
quarter net profit of s59l,365. eoua]
to At cents a share on capital stock
This compared with S6l2.126, or 4s
cents a share in March quarter last
year.
Consolidated Gas.
Consolidated Gas, Electric Light &
Power Co. of Baltimore reported
March quarter net income of 1885,
1928. equal after preferred dividends
to 81 IS common share. This com
pared with sl,88l,705, or $l37 q
share in March quarter last year.
Butte Copper & Zinc.
Butte Copper & Zinc Co. reported
for the March quarter net income O.
s29l93 before depletion. and the Fed
eral undistributed profits tax aeains
net loss of s3,505 in the like 1885,
period