Evening star., 1938-10-28
|. B. N. EARNINGS
ABOVE YEAR AGO
9-Month Net at S7,612,859,
Against $7,151,706 in
Same 1887 Period.
BY the Associated Press.

.
NEW YORK. Oct. 2S.-International
Business Machines Corp. reported net
earnings for the nine months ended
September 30 of $7,6l2,s5s after de-
Quoting blocked foreign net profits Of
$572,258. This was equal to $743 a
share on capital stock and compared
with net income of $7,l5l. .706, or $728
share, in first nine months last year.
Indicated profit for the three months
ended September 80 was $20a2, ,o56. or
$2.49 share, compared with 81 $780,
1873, or $2.3S a share. in the preceding
quarter, and s1,9s2,647, or $244 a
share, in the third quarter last year.
American Home Products.
American Home Products Corp. and
subsidiaries, manufacturers Of drug
and toilet preparations, with plants
in the East, Middle West, Canada and
London, reported net profit of $780,
$50 for the nine months ended Sep
tember 80. equal to $3.50 share on
capital stock. This compared with
$2,312,4S2, or 1912 a share, in the
similar 1887 period.
M. A. Hanna Co.
The NJ. A. Hanna Co., operators of
Great Lakes ships and ore and coal
mines, reported third-quarter net profit
Of $l69, ,43l, after all charges, compared
with sl63,038 the preceding quarter
and $972,2 the third quarter Of 1887
The company, reporting the third
quarter profit as approximately equal
to dividend requirements Of 1890
on the IS cumulative preferred stock,
said current operations are highest
for the year.
National Steel Co.
National Steel Co. reported for the
September quarter net profit Of ST.
813,997, equal to "a cents a share of
capital stock, compared with $5,227,-
OIL, or $2,4l in the like period of 1897.
In the June quarter profit was ST.
005, 1868, equal to 46 cents q share. The
company's subsidiaries have steel pro-
ducing plants in the Midwest and a
Nationwide system of sales ofnces.
Seaboard Oil Co.
Seaboard Oil Co. of Delaware with
producing properties in California and
the midcontinent area, reported for
the quarter ended September 80 net
profit OF 1856, ,422. equal to 81 cents a
share on the capital stock. compared
with s552,l64, or A cents in the COM
parable quarter of 1887, and $437.157,
or 35 cents in the June quarter of 1888
American Metal.
American Metal Co., Ltd, smelters
and reflners of non-ferrous metals and
mining investment concern, reported
for the September quarter net profit
OF 1927 1925. equal to l8 cents common
share. compared with $1,OS1,185, or 80
cents in the September quarter last
year. In the June quarter of 1898
profit was 1888, ,049, equal to % cents
common share.
Allegheny Ludlum,
Allegheny Ludlum Steel Corp. for
the September quarter, reported loss of
s352,l80 after allowing $27s,2s2 for
depreciation, etc. No comparative fig
ures are available, for the company is
new concern recently formed by
merger of Allegheny Steel Co. and
Ludlum Steel Co.
Hershey Chocolate.
Hershey Chocolate Corp, and sub
sidiaries, Hershey. Pa, for the Sep
tember quarter reported net income of
S1,355, ,908 after charges, equal after
dividends paid on the 81 convertible
preference stock to $l61 a common
share. This compared with net in
come of $8l0,273, or 81 cents q common
share in the preceding quarter and
sl,193,592 or $l.37 common share in
the like 1887 quarter.