Evening star., 1938-08-11
BRIGGS MFG..CO.
PROFIT S63O,41
Montgomery Ward Shows
July Sales Decrease of
4.48 Per Cent.
Be- the Associated Press,

by Lt1e ASSOCldteQ fIeSS.
NEW YORK, Aug 11.-Briggs Man.
ufacturing Co., makers Of automobile
bodies and parts. and subsidiaries re-
ported net profit for the quarter ended
June 80 of s630,44l after charges,
equal to 80 cents share of capital
| stock This compared with $317,007,
or 16 cents q share, in the preceding
quarter and $3,453.77l. or SITS q
share, in the June, 1887, quarter.
Montgomery Ward.
Montgomery Ward g. Co. reported
sales in July totaled s29,075, 1886. a de-
crease Of 4.48 pc rcent, compared with
July. 1887.
| Sales for the first six months Of the
current fiscal year totaled $190,593
1913. a decrease of 649 per cent, COM
pared with the corresponding 1887
period.
U. S. Rubber Co.
United States Rubber Co. and SUBJ
salaries. for the six months ended
June 80. reported consolidated net
loss Of $239,2l3 after charges, includ-
ing inventory adjustments of $l,775,-
/ 1865, and deductions of income ap-
plicable to minority interests in sub
sidiaries
For the first time. the company in
cluded its 80 subsidiaries in con-
solidated financial report. Compare
tive figures, therefore, are unavailable
Pittston Co.
The Pittston Co., one of the largest
Pennsylvania producers OF anthracite
coal. reported net loss Of s68l, ,745 in
the June quarter. compared with loss
OF S293,5l8 in the preceding quarter
and net loss Of $846,9 in the June
1887, quarter.
American Encaustic Thing.
! American Encaustic Thing Co. OF
! Perth Amboy, N. j.. manufacturers OF
wall and floor tiling. reported a net
loss of $l0,297 before provision for
Federal taxes for the June quarter
compared with net loss of $2l, ,348 in
the previous quarter and net loss OF
Sl5,966 in the June, 1887. quarter.
Maytag Co.
The Maytag Co., Newton, Iowa
washing machine manufacturers, es-
tlmated a net loss for the quarter
ended June 80 of S2,494 after charges
compared with net income of S6S9, ,O64
equal to Is cents a share OF capital
stock. in the corresponding 1887
quarter
In the first quarter this year net
income was $88223.
The figures reflected the company
labor difficulties. which caused shut
down Of its principal plant at Newton
Iowa, from May to June 80.
For the six months ended June 80
net profit was ss5,s2S. equal to s2.26
/ a share on the s6 first preferred stock
This compared with $l.305,269, or ~
cents share on common stock after
allowing for dividends on the two
classes of preferred stock in the first
half Of 1887.
For the June quarter net sales were
sl,827,039 compared with s2,525,l3e
in the March quarter and S4,780, ,291
! AAA oAAN 0AAAO AAoi tCl ldSG yCdA. IOl
the first half sales were s4.352,175
against s9,o57,152 in the like perioc
last year.
Hercules Motors.
Hercules Motors Corp reported ne,
profit for the quarter ended June 81
of s28,922 after charges, equal to {
cents share of common stock, com.
pared with $6.440, or 2 cents a share
in the preceding quarter and s452.29o
or sl.45 share, in the comparable
1887 quarter.
Mission Corp.
Mission Corp, an oil holding ane
operating company, reported for the
six months period June 80 profit Of
s427.386 after deducting $s.198 los:
on sale of investments. In the frs
half of last year profit totaled 81 ,49l.
835, including $1,239,234 from sale
| of investments,