Evening star., 1937-10-28
CONTINENTAL OIL
EARNS S,79,N5
Quarters Profit. Compares
With $3,727,357 in Same
1886 Period.
By the Associated Press.


NEW YORK, Oct. 2s.-Continental
OIL Co., Z leading producer, refiner
and distributor Of crude oil. reported
net earnings for the quarter ended
September 80 Of s3.730,045, equal tc
10 cents a capital share, compared
with s3,727,357. or 10 cents a share
In the like quarter last year.
For the months earnings totaled
$11,6l4,574, or $2.48 SHARE COM
pared with $8,083, ,624, or SLIP a share
in the similar period last year.
Pittsburgh Steel Co.
Pittsburgh Steel Co. reported con-
solidated net income for the quarter
ended September 80 of $257,160 after
charges but before Federal surtax
equal after preferred dividend require
ment to 21 cents a common share
compared with $309,244, or 35 cents
share in the like quarter last year.
Murray Corp.
The Murray Corp. of America, De-
troit, manufacturer of automobile
bodies and parts, reported net profit
for the quarter ended September sc
of $173,135 after charges but before
Federal surtax, equal to 10 cents q
common share, compared with S313,-
82l, or "a cents share in the pre-
ceding quarter, and $80,675, or cents
share in the like quarter last year.
Air Reduction.
The Air Reduction Co. reported to-
day net income for the third quar-
ter. after charges, but before Fed
eral surtax, at 81 ,99o. 1895, equal to II
cents a share of capital stock, COM
pared with s1,939,985, or rs cents q
sbare In the comparable 1886 period
In the second quarter of 1887 net
income was placed at 81, 2,289, ,498, or 90
cents q share.
Pittsburgh Coal.
The Pittsburgh Coal Co., largest
commercial producer of bituminous
coal, reported gross operating profits
of S1,210,l54 for the three months
ending September 80, an increase oi
s107503 over the same period of 1896
After deducting sl,000,00 for deple-
ton, depreciation and providing fol-
taxes, the company stated it had q
net loss of s413.492, compared with
loss of S219,497 year ago. The
net loss for the IL months ending
September 80 was placed at $500
For the corresponding period in 1896
the loss was $1,768,515.
National Steel.
The National Steel Corp. reported q
net income for the third quarter oi
the year of $5,227,07104 after al
charges except provision for Fedora
surtax on undistributed profits. Thil
is equal to s241 share on 2,167,77,
outstanding shares of capital stock
The earnings for the period end.
ing September 80 compare with s3,.
359, TOAST for the corresponding quar-.
ter in 1895.
Net profits for the first nine months
Of this year were SIG, 1886 ,967.16, equa
to s78l share and practically dou
BILE the $8,542,419.36 reported for tn,
same period q year ago.
Otis Elevator.
Otis Elevator Co. and domestic sub
sidiaries reported for the Septembe
quarter net profit of S1,114,338, equa
to 81 cents a share on common stock
This compared with sl,054,l56, or Al
cents share, in the June quarter ant
s722. .486. or 81 cents a share, in thl
third quarter last year.
Curtis Publishing.
Curtis Publishing Co., Philadelphia
reported for the nine months endeS
September 30 net profit of s3,741 ,046
equal to 1892 a share on the 81 pre-
ferred stock, against which there ar
accumulated unpaid dividends. Tht
compared with $5,059,359, or 29 cent
a common share, in the first min,
months last year.
Fajard0 Sugar.
Report of Fajardo Sugar Co. o
Puerto Rico and associated organiza
tions for the fiscal year ended July 8
showed profit of s1.756657. after de
probation and other charges, but be
fore provision for incomes taxes. Thi
compared with s2,306,289 in the pre-
ceding year.
NOranda Mines.
Noranda Mines. Ltd, of Canada
estimated its net profit for the min,
months ended September 80 a
$7,369.517, equal to $3.50 a share OIL
capital stock, against s6.551.891. o
$292 a share, in first nine months O
1896.