Evening star., 1940-10-30
Douglas Aircraft Co.
Nine Months Profit
Totals S7,288,335
Earnings Equal Sl2.l5
Per Share, Huge Gain
Over 1889 Period
BY the Associated Press.

By the Associated Press.
NEW YORK, Oct. 30.-Douglas
Aircraft Co. reported today for nine
months ended August 81 net profit
of S7,2e6,3 1886, equal to $1215 share
on the capital stock. This COM
pared with $2,382,159, or 1897 a
share, in the like 1889 months.
Tax charges for the nine months
were computed on the basis of rates
prevailing prior to enactment of
the new revenue laws, the state
ment disclosed, because the COM
pany's fiscal year ends November 80.
Earnings in the quarter ended
August 81 were $500 ,478, or $3.50
share, against $685. 1858, or S164
share, a year ago.
Donald w. Douglas, president, in
reviewing the statement, said sales
in the nine-month period amounted
to S45 100000 of which $6,124 ,552
were for the United States Govern
ment. Profit on the latter sales, aft
er deducting administrative ex-
penses, amounted to S3S ,614, or a
margin of less than per cent.
Z. I. du POnt de NemOurs.
The report of E. I. du Pont de
Nemours & Co., covering the nine
months to September 80, shows net
income of $67928, ,497, compared with
with S62,798,244 in the first nine
months of 1899, both after charges
and taxes.
AS previously reported, these earn
ings were equal to $3.50 a share in
the 1910 period, against S519 last
year, after provision for dividends
on the preferred stock.
For the September quarter net in
come of s21, 1,O748 8O2 was equal to STA
a share, compared with S22 1926, ,709,
or S1.91 year ago. Taxes in this
quarter amounted to S16,030 900,
against S3.520,OO0 last year.
The company's statement said
$30,400000 was set aside for taxes for
the nine-month period. This was
greater by S16,400,000 than would
have been required under the Reve-
nue. Act of 1889, it said, adding that
S4000,00O provided for unforeseen
contingencies in the second quarter
of the year was used as part of this
tax provision.
In the first nine months of 1889
the companyS tax bill was SO, $40, 900.
Continental Oil Co.
Continental Oil Co. reported third
quarter earnings of $911,345, after
provision for excess profits taxes,
equal to i9 cents a share, compared
with 81 ,528 ,562, or 33 cents a share,
in the comparable 1889 quarter.
ElectrcIux Corp.
ElectroluX Corp, makers of
vacuum cleaners. today reported net
profit for the three months ended
September 80 of S197, lis, after pro-
vision for increased taxes, includ-
ing those applicable to prior quar-
ters, under the second revenue act
of 1910. This equaled 16 cents a
share on capital stock and compared
with 1924 ,369, or "a cents share, in
the comparable 1899 quarter. The
plant is at old Greenwich, Conn.
Commonwealth Edison Co.
CHICAGO, Oct. 80 IR).-Common-
wealth Edison Co. and subsidiaries
today reported for the nine months
ended September 80 consolidated
net income of S21 ,074,998, equal to
s168 a share on capital stock out
standing, compared with S17,719,47O,
or S1.73 a share on capital stock
then outstanding, for the like 1889
period.
General Railway Signal.
ROCHESTER, N. Y, Oct. 80 (P).-
General Railway Signal Co. an
nounced net profit of S344, ,473.66 for
the first nine months of the year,
compared with S94,534O2 for the
same period in 1889.
Net profit for the third quarter
of 1910 was s106, ,5544O. The nine
month net this year is after all
taxes and reserves, and is equal to
rs cents a share on common stock
after preferred dividend require
nlents.