Evening star., 1938-08-22
JEWEL TEA, |NC.,
\ EARNINGS DROP
Sales Reported Higher, but
Pay Rolls and Taxes
Increase.
BY tine Associated Press.


Inc, reported today net earnings for
the % weeks ended July 16 of $693, ,522,
equal to $248 share on the 10000
shares issued after provision for taxes,
depreciation and all other operating
charges.
In the like period Of 1887 earnings
were $767,073. or $274 a share.
Sales for the 2S weeks were s12,-
773,165, compared with $12,387, ,73e
for the corresponding period a year
ago, an increase of $385,429, or 3.11
per cent. Expenses were 6.22 per cent
higher in the % weeks this year, COM
pared with 1887. The increase, said
M. H. Karker, president, occurred
largely in pay roll and taxes.
Wages and taxes. Mr.. Karker said,
amounted to $3,536,533 in the 1888
period, ah increase of $196,337. or
5.8S per cent over the same period
in 1887
Mead johnson & Co.
Mead johnson a. Co., manufac-
turers of infant diet materials, re-
ported today for the six months
ended June 80, consolidated net
profit of s762,l93, equal to S426 a
share on the common stock. COM
pared with $736,l87, or s410 a share
in the first half of 1887.
The company has plants at Evans
vile, Ind. iceland, Mich. and San
Diego. Calf.
Chicago Pneumatic Tool Co.
The Chicago Pneumatic Tool Co.,
for the three months ended June 80,
showed consolidated net profit OF
$l53.908, exclusive Of profits earned
by certain foreign subsidiaries oper-
ating in countries having foreign
exchange restrictions. The profit was
equal to 81 cents a share on the So
convertible preferred stock and COM
pared with $440,32l, or 78 cents a
common share, in the June quarter
last year and with 1921, ,284, or IL
cents share. in the first three
months of 1888.
For the first six months profit
totaled $375.192, equal to cents a
common share, against 1851 ,458, or
$3.50 share on the common in the
comparable 1887 period.
The company has plants in Detroit
Cleveland and Franklin, Pa.
Hecla Mining Co.
Hecla Mining Co, operating in
Idaho, reported for the June quarter
net income OF S26,829, equal to cents
share on the capital stock, against
$l87,886, or 10 cents a share, in the
June quarter, 1887.
For six months ended June 30, net
income totaled s78,833, or 8 cents a
share, compared with s7o7,47l, or II
cents share, in the first half Of 1887
American Smelling Co.
American Smelling g. Refining Co
and subsidiaries reported today con-
solidated net profit after all charges
for six months ended June 80 of SIS,
112,668, or sl53 per common share
after preferred dividend requirements
compared with s9,624,997. or 1898 per
common share, for the first half OF
1887.
Pet Milk Co.
Pet Milk Co. reported for the quarter
ended June 80 consolidated net income
of s4l5,057 after charges and taxes
equal to "a cents a share of common
stock, compared with a net loss Of
S78993 in the preceding quarter anc
a net income of $255,5l5. or 81 cent.
a common share, in the June quarter
last year. Company has 80 plants
throughout the country.
Pan American Petroleum g. Trans
port Co. reported for the June quarter
consolidated net loss of $526840 Thi:
compared with net income of 1856 $40
or 18 cents share Of capital stock ir
the March quarter and net income OF
sl,676,438, or SO cents share in the
June quarter last year.
The company said certain changes
in accounting. adopted as of January
l, 1888. made the June quarter loss
about $4,000 greater than would have
been the case under the old system
For the year, it was said the account
ing changes would have comparatively
small influence on profits.