Evening star., 1939-04-25
General Motors Nets
$53,177,92S Profit
In First Quarter
Totol Contrasts With
Only $8.234.017 in
Same 1888 Period
By the Associated Press.

By the Associated Press.
NEW YORK, April 25.-General
Motors Corp. reported net earn
ings for the March quarter of S53,-
177,928, or $1.18 a common share,
compared with $8,234,0l7 or IA cents
a share, in the like quarter of 1898.
Alfred P. Sloan, jr., chairman,
commenting in the report on in
dustry in general, wrote: There
does not appear to be economic
justification for any drastic decline
at this time unless the economic
situation is affected adversely by
events from without due to po-
litical difficulties abroad. It ap-
pears likely, therefore, that the
trend of business will be Influenced
by day-to-day occurrences"
Accompanying the report was a
statement on 'our business picture, -
which said in part: las national in
come increases, our present burden
of taxes will become relatively cas-
ier to carry. The production of goods
and services in amounts sufficient to
raise the national income to for
mer levels-and above-is therefore
the most important task before us
today.
Even recognizing the added over
head expense which enterprise must
carry in the future on account of
increased taxation, it might fairly
be said that the possibilities that
exist for business could we'll lead
to prosperity beyond anything We
have yet experienced
However, our ability to capi-
talize such an opportunity abso-
lutely depends upon the manner in
which we manage our economic af-
fairs. For instance, capital ought
to be assured that the national
policy is favorable to the profit
motive.
Our tax structure should be re-
constructed in the, direction of en-
couraging enterprise, of permitting
a freer movement of capital as be-
tween enterprises and of avoiding
unduly burdensome levies on profits
and returns from investments that
are fairly earned"
Allis- Chalmers.
disclaimers Manufact cturing Co.,
makers of electrical machinery and
farm equipment, reported net in
come for the March quarter of
$71O,277, or 40 cents a common
share. compared with 81 400. $40, or
70 cents share, in the like quarter
of 1888.
Lambert Co.
Lambert Co. for the quarter ended
March 81 reported consolidated net
profit of $433,443 after charges,
equal to So cents a common share,
against s39O001, or 50 cents share,
in the like 1888 quarter.
Climax Molybdenum.
Climax Molybdenum Co., for the
March quarter. reported net profit
Of S1,257 ,524 after charges, equal to
so cents common share, against
ST ,991 8O6 or 70 cents a share in the
like 1898 period. The company S
principal mines are in colorado.
Texas Gulf Sulphur.
Texas Gulf Sulphur Co.. reported
net earnings for the March quarter
Of $1,434 ,466, or 81 cents capital
share, compared with $1,839,687 or
48 cents share in the March, 1898,
quarter.
United Aircraft.
United Aircraft Corp. and sub
sidiaries reported net profit for the
quarter ended March 81 of S1,49O,-
100, equal to 56 cents share on
capital stock, compared with ST.
072 2,299, or AZ cents a capital share
in the first quarter last year.
Brunswick Bake.
Brunswick Bake -Collender Co. re-
ported for the three months ended
March 81 consolidated net profit of
$l35 ,199, compared with SOL 1872 for
the corresponding 1888 period. This
was equal after preferred dividend
requirements to 81 cents a share on
the common stock and on the same
basis compared with approximately
cents a common share for the
1888 period.
Barnsdall Oil Co.
Barnsdall Oil Co. and subsidiaries,
with main producing fields in Okla
homa, Kansas and Texas. reported
net profit for the March quarter Of
$565,417, or 25 cents a share, COM
pared with 1928. 1877. or Al cents a
share, in the like 1898 quarter.