Evening star., 1938-04-19
GENERAL ELECTRIC
EARNINGS DOWN
Quarters Net at S7,075,739
Against $11,626,408 in
Same 1887 Period.
Eythe Associated Press.

Iy INC 7fsOtidtcu TIeSS.
NEW YORK, April 19-General
Electric Co. reported today net profit
for the first quarter Of s7075, ,739 after
all charges and taxes, equal to 25 cents
a share of common stock. This COM
pared with net profit in the like 1897
quarter of sll,626, ,40S, or 40 cents a
common share
Net sales billed in the first quarter
totaled S65 066.557, against S73,412,42O
in the like 1887 quarter.
American Water Works.
First-quarter earnings of American
Water Works & Electric Co. were well
below those of the same period last
year, due to falling off in industrial
power sales, H. Hobart Porter, chair
man of the board, told stockholders
at the annual meeting today. He de-
clined to estimate the amount Of the
drop but said he did not believe it
would be as much as 25 per cent. The
largest decline was shown in the heavy
industrial regions of the company S
subsidiary. West Penn Power Co.
Magma Copper.
Magma Copper Co. of Superior. Ariz.,
reported today net income of s224.G90
for the quarter ended March 81 equal
to SIS cents share, compared with
S312696. or rs cents a share. in the
corresponding quarter last year.
The 1888 first quarter earnings
were based on an average sales price
of l0.l22 cents pound for copper,
against 1851 cents year ago.
American Brake Shoe.
American Brake Shoe IL Foundry
Co. reported a consolidated net in
come Of s240,4 ,486 for the quarter end
ed March 81, equal after preferred
dividend requirements to % cents a
share. compared with sS42,432, OF
sl06 share, in the corresponding
1887 quarter.
Beech-Nut Packing.
Beech-Nut Packing Co. reported a
balance of s522,87l for the quarter
ended March 81. equal to sl2o a share
on the common stock. compared with
a balance of s558.568, or sl.28 a
share, in the corresponding 1881
quarter.
Caterpillar Tractor.
Caterpillar Tractor Co. reported net
profit for the first 1888 quarter OF
s807.907 before surtax, against 81
1888 in the corresponding 1881
quarter. The March net profit was
s506,47l. against 81 1,234,296 for March
1887. The company has its main
plant at Peoria, Ill.
North American Rayon.
North American Rayon Corp, re-
ports for II weeks ended March 26
net loss of sl4,855 after provision for
depreciation, against net income of
s804,39l after Federal taxes, etc, for
the II weeks ended March 81, 1887.
The companys plant is located near
Elizabethton, Tenn.
United Corp.
United Corp, utility investment
company, reported net income for the
quarter ended March 81 of s2,123.331
after current expenses and taxes. equal
to 2 cents a common share, compared
with s2,163.794, also equal to cents
a share, in the comparable 1887 quar-
ter Total investments had an indi-
Gated market value on March 81 of
Sll3975.371 based on last quotations.
compared with total cost or declared
value of s58l, ,285,157.
Bohn Aluminium.
Bohn Aluminium g. Brass Corp. and
subsidiaries, Detroit. reported for the
first quarter net loss of S70,873 after
all charges compared with a net profit
in the first quarter last year of $685.
288, equal to S28l a share of s5-par
capital stock.
Commonwealth & Southern.
Commonwealth g. Southern Corp.
reported for IL months ended March
81. 1888, consolidated net income of
$l3,684,019 after all charges. but before
Federal surtax, equal, after preferred
dividends, to IA cents a share, against
Sl4.593,776, or 16 cents, for the year
ended March 81, 1887. The quarterly
net income for 1888 was s3,l06,498.
against S4,547,314 for the first 1887
quarter.
Minneapolis e. st. Louis r. R.-Feb-
ruary net loss was S203,706 against