Evening star., 1938-10-20

PROFITS
LAG IN QUARTER
Continental Co. DiscIoses
Drop From Year Ago
and Previous Period.
By the Associated Press.

OIUp TIUlII IcdT AyU
and Previous Period.
By the Associated Press.
NEW YORK, Oct. 2l.-Continental
Baking Corp. reported a net income
Of $l,092,757 for the l3 weeks ended
September "a, equal, after cumulative
preferred stock requirements, to 81 q
share on the class A stock This COM
pares with S1,17s,7s6, or $1.29 a share,
for the 13 weeks ended June Is, and
$l,2ol, ,s92, or sl.37 share, for the IL
weeks. ended September Is, 1887.
Outdoor Advertising.
General Outdoor Advertising Co.,
Inc, reported net profit of s354s57
for the September quarter, equal after
preferred stock requirements to 80
cents a share on the common stock.
This compares with profit OF $500, 2,872,
or Sc cents a share, in the previous
quarter. and $433, 3,289, or As cents, in
the corresponding 1887 quarter.
Agricultural Chemical.
American Agricultural Chemical Co
and subsidiaries, whose fertilizer and
chemical plants are located in East
ern, Southern and Middle Western
States, reported net loss of $l62,339
for the September quarter, compared
with a net profit of $20,453, or 10
cents q share, for the corresponding
1887 quarter. The companys fiscal
year ends June 30
Wright -Hargreaves.
Wright Hargreaves Mines, Ltd,
Canadian gold producers, reported
net profit of $4,088, AS, or "A cents
q share, for the fiscal year ended
August 81, as against $3,951 SOL, or
u cents a share, in the previous
fiscal year.
Mcintyre Procupine.
Mcintyre Porcupine Mines. Ltd.
Canadian gold producers, reported net
profit of $s84,0s6, or $111 share,
for the quarter ended September 80.
This compares with $915,230, or $115
q share, in the previous quarter, and
S903,246. or $l.l3, in the correspond
ing 1887 quarter.
Dome Mines, Ltd.
Dome Mines, Ltd, Canadian gold
producers. reported estimated profit OF
$l,069,248, or IS cents a share, for
the September quarter, compared with
$l,0l6.28l, or 50 cents share. in the
previous quarter, and $l,124Ol9. or SO
cents. in the corresponding quarter
last year
Philip Morris & Co.
Philip Morris q Co.. Ltd, reported ne,
profit of $3.l57,967 after charges for the
six months ended September 80, equal
after dividends paid on 5 per cen,
preferred stock since date of issue
to $5.95 a share on common stock
This compares with s3,l36.433. or S. oA
common share, in the comparable
1887 period.
VIM. Wrigley, Jr, Co.
VIM. Wrigley. Jr., Co. reported net
profit for the three months ended Sep
tember 80 OF s2,Os1 $50, or sl.o4 a
share, compared with $2,385,636, OF
sl.l9, in the corresponding 1887 period
Nine months net profit was IS ,464,-
484, or s2.73 a share, compared with
S6,740,537, or $3.37 a share, the CORE.
spending 1887 period.
Bendix Aviation Corp.
Bendix Aviation Corp. and subsidi.
aries reported today net profit oi
ss9.796, equal to cents a share, fol-
the quarter ended September 30. This
compares with $65,606, or cents a
share, in the June quarter and $279,-
207, or 13 cents share, in the CORE
spending quarter last year.
Nickel Plate Railroad.
Nickel Plate Railroad, uncertain Of
its financial status because of a note
issue which matured October /, report.
ed its September net income as $751;
239-a decrease of 1880 from the
previous month and $99, ,58l under Sep
tember, 1887.
Nickel Plates nine-month opera.
tions have resulted in a deficit Of ST.
923,943. compared with S2,009,02s
profit the same months last year when
general business conditions were bet
ter.
The road has threatened to 60 into
reorganization unless practically al
holders of the S15,000,00O unsecured
note issue consent to a three-year ex.
tension. The extension plan was de.
clared operative early this month but
q number of holders who opposed ex.
tension have filed suits asking for full,
payment.
TruscOn Steel Co.
Truscon Steel Co., a Republic Stee,
Corp. subsidiary, reported a loss oi
$280,993 for the third quarter ended
September 80, compared with q profi,
Of $231,904 for the same period las,
year.
For the first nine months this year
Truscon's total loss was $3.50 1868 com.
pared with net profit of $456,se2 fol
the first nine months Of 1887.
Collins & Aikman.
Collins & Aikman and subsidiarie!
for the quarter ended August ~. re.
ported net loss OF $l36.126 aftel
charges against net loss of S403, ,843 ir
the preceding quarter and net income
of $848,129. equal to $l.40 a common
share, in the like quarter of 1887. Ths
company, which manufactures autt
and furniture upholstery, and fabrics
for the cloak and suit trade. has do
mestic plants in Pennsylvania, Rhode
Island and North Carolina.