Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-22
Aviation Corp. Shows
S362,679 Net for
Third Quarter
Profit Contrasts With
S323,s40 Profit in
Same 1899 Period
Nv the Associated Press.

Bv tie Associated Press.
NEW YORK, Oct. 22.-Aviation
Corp. and subsidiaries reported to-
day net profit for the quarter ended
August 81 Of s362,67s, equal to 2
cents a share, including s407,56l
profit on sale of assets to an affiliate,
compared with deficit of 1923 $40 in
the like 1889 period.
The company announced untitled
orders as of August 81 totaled S.
S56,117, compared with A,272Sl8
on May 81. and added that sub
stantial' additional orders have
been received since August 81.
American Radiator.
American Radiator & Standard
Sanitary Corp. and domestic sub
salaries reported net profit for the
September quarter of S2,l8490l. or
81 cents a common share. compared
with s1.374,75S. or Is cents share,
in the like 1889 period
Bliss & Laughlin.
Bliss & Laughlin. Inc, manufac-
turers of cold-finished bar steel
products. reported for the nine
months ended September 80 I'M
audited net profit of s513e41. equal
after preferred dividend require
ments TO sl.9l per share on 262554
shares of common stock outstand-
ing.
This compared with 1891, 376
EQUAL after preferred dividend re-
quirementS to s217 share on ia
305 shares Of common stock out
standing for the like 1899 period.
The net profit for the 1910 period
is after normal Federal income
taxes at the new rate, but before
excess profits taxes.
Johns Manville Corp.
Johns-Manville Corp. building ma
tcrials manufacturers. reported con-
solidated earnings for the third quar-
ter of s1,645 ,567, equal to 81 30 A COM
mon share after preferred dividend
requirements. compared with ST.
472.255 or s156 a common share
in the like 1899 quarter.
Lewis H Brown, president, said
sl,4O9 6a3 was set aside for taxes.
including provision for levies i'm
posed by the second Revenue Act OF
1910.
Brown announced approval Of a
s625.O00 expansion program. Manu-
featuring equipment will be installed
in a recently-acquired plant at
Zelenople. Pa. and new warehouses
will be built at the Nashua, N. H..
and Richmond, Ind, plants.
Z. M. Voorhees,, chairman Of the
Finance Committee of the United
States Steel Corp and JIM. d1rec-
tor since 1884, was elected to the
Executive Committee to replace
Francis D. Barlow, who resigned
from the board and committee.
Penick & Ford.
Penick e. Ford. Ltd, makers OF
corn products and sirups. reported
net profit for the September quarter
of sl37.297 after Federal income
taxes. equal to 81 cents share, COM
pared with S342,384, or SO cents a
share. in the similar 1889 quarter.
The additional normal tax re-
uuired under the second Revenue
Act of 1910 for the first nine months
was provided out of September
quarter earnings. Plants are In
Iowa, Louisiana, Georgia, Vermont
and New York.
Purity Bakeries.
Purity Bakeries Corp. reported for
the II weeks ended october 5 con-
solidated net income of Sl64 ,223, or
81 cents share of common stock.
compared with s35O,03O, or As cents
a share, for the like 1889 period.
For the 40 weeks ended October 5
net income was S733 ,446. or IS cents
share, compared with 1924 ,33l, or
Sl.59 a share for the like 1889 period.
Cleveland Graphite.
Cleveland Graphite Bronze Co. an
nounced third quarter net income
of s20e $50. equal to IS cents on
each Of 32l 92O outstanding common
shares, against s456,246. or sl4l a
share, the same quarter last year.
Nine months net was Sl014457,
e1ual to s315 a share compared
with s1l08.203, or s344 a share.
Provision was made for all charges.
including normal income taxes at
the new rate of "a per cent but
without provision "for the new
excess profits tax the company said