Evening star., 1938-08-05
CURT|SS-WR|CHT
EARNS $1,47,951
SchenIey DistiI|ers Corp.
Shows $849,53Z Net
for June Quarter.
By the Associated Press.


NEW YORK, Aug. 5.-Curtiss-
Wright Corp. and subsidiaries, air.
plane manufacturers, for the quarter
ended June 80 reported today net in
come Of $1,447,951 after charges, equal
to IL cents q common share. against
$631 ,346, or.1 cent a share In the like
quarter Of 1887.
Wright Aeronautical Corp, con-
trolled by Curtiss- Wright Corp, for
the quarter ended June 80, reported
net profit OF $1,0sl ,958 after charges,
equal to 81 80 a common share. against
$3.50, ,24o. OF. sl.25 a share IN the like
1887 quarter.
Schenley Distillers.
Schenley Distillers Corp. and sub
sidiaries reported for the June 80
quarter net income Of $S49,532 after
providing reserve for extraordinary
adjustments occasioned by . July l
increase In Federal spirits tax, equal
after preferred requirements to 48
cents a common share This compares
with $364,7l2, or 9 cents q share on
the common for the preceding quar-
ter and 81 400, or SLOT a share
for the June, 1887. quarter. The COM
pany has subsidiaries which manu-
factnre distilled spirits and allied
products, principally at Schenley. Pa;
Lawrenceburg. Ind; Lexington. Frank
fort. Louisville and Covington, Ky.
Sterling Products, Inc.
Sterling Products, Inc, reported for
the June quarter net profit of $2,-
088. 1923, or $l22 a share, compared
with the preceding quarters total Of
$2,635, ,126, or $l54 a share, and the
June, 1887, figure OF $2,425.9l3, or
sl.42 share. The company and sub
sidiaries manufacture pharmaceutical
products, with principal plants located
at Wheeling, w. Va; Rensselaer,,
N. Y; Stamford. Conn; Monticello,
Ill: Burlington, VT: Windsor, Ontario,
and New York City.
American Steel Foundries.
American Steel foundries reported
net loss for the June quarter amount
ing to s487.771. compared with net loss
for the preceding quarter Of s378,424.
and net profit for the June, 1887,
quarter Of $1.354,40 equal to 410e
per common share. The company
manufactures railway and miscellane-
ous castings and parts, with plants
located in leading steel and manufac-
turing centers in Eastern and Middle
Western States.
Consolidated Biscuit.
Consolidated Biscuit Co. reported
net earnings for the quarter ended
June 80 of s89.0S7, after all charges,
including estimated income taxes, but
before provision for tax on undis-
tributed profits. Current assets, in
Guiding cash Of s5e9, ,423, amounted to
$l.162,906, compared to current
liabilities of $2l2,S42.
The company, an Illinois corpora
ton, has plants in Chicago and Louis
vile, KY.
Mohawk Carpet Mills.
Mohawk Carpet Mills. Inc. OF Am
sterdam. N. Y, reported a net loss of
$698,372 for the six months ended
June 30, after charges but before re-
serve Of 100000 for inventory adjust
ments in respect OF price declines
charged to earned surplus
This compares with \ net income of
$1,32l.l27, equal to $242 a share, in
the first half of 1887.
Phelps Dodge Corp.
Phelps Dodge Corp. producers and
faoricators Of copper, reported con-
solidated net income. before depletion,
Of S3,s30.5 5s7, equal to IS cents a share
on the capital stock, for the six months
ended June 80.
This compares with s7.10l .458. or
81 40 share, in the first half of 1887
Marlin Rockwell.
Marlin Rockwell Corp. manufacture
ers of ball bearings with plants in
Chicago. jamestown, NJ Y. and
Plainville. Conn, reported net income
Of $104,78 for the June quarter, equal
to 81 cents share
This compares with $l27.738. or 81
cents share, in the preceding quarter
and $376965. or $l.l1 q share. in the