Evening star., 1940-04-18
She'll Union 0i|Corp.
Shows Quarter Net
Of S5,314,158
Result Contrasts With
Only S478,266 in
Same 1889 Period

BY the Associated Press.
NEW YORK, April 18-Shell I'm
ion Oil Corp, American unit of the
Royal Dutch-Shell group, reports
for the three months ended March
81 profit of S5,314,158 after charges
and Federal income taxes, compared
with profit of $478,266 in the like
1889 quarter.
The 1910 income, after preferred
dividends, was equal to 81 cents a
share on the common stock.
The showing, officials said, rep
resented a return to more normal
profit levels after reduced earnings
in the early months of 1885, Gross
sales for the quarter expanded tc
S67,006,32l, compared with $57,524,-
951 in the 1899 period.
Columbia Pictures Corp.
Columbia Pictures Corp. reported
for the six months ended December
80 net profit of $215,582, after de-
duction of an extraordinary reserve
of 100000, equal to 81 cents a share
on common stock This compared
with net profit of S34,597 for the
corresponding 1888 half year.
Harry Cohn, president, told stock
holders in a letter Columbia con-
tlnues in a strong net quick asset
position" with working capital OF
$l1 976,000 as of the year end.
Magma Copper Go.
Magma Copper Co., Arizona pro-
ducer, reported net profit for the
March quarter of $341,306 before
provisions for mine depletion, equal
to 93 cents share on capital stock
This compared with S245, 1896, or sc
cents share, in the March quarter
last year.
Columbia BrOadcasting System.
Columbia Broadcasting System
and subsidiaries reported net profit
for the 13 weeks ended March 80 OF
ST 552 ,03l, equal to 80 cents a share
on combined class "A" and "B'
stock. This compared with Sl,163,-
947, or 68 cents on combined shares
in the comparable 1899 period.
american agricultural.
American Agricultural Chemical
Co, of Delaware and subsidiaries
reported for the nine months ended
March % net loss of s1O4.O88 after
depreciation of plants, depletion
and other charges, compared with
net loss of S152,955 in the CORE
spending period a year earlier. The
company, a. fertilizer manufacturer
has plants throughout the South
East and Midwest.
North American Rayon.
North American Rayon Corp. re-
ported net earnings for the u weeks
ended March % of S530,287, equal
after preferred dividend require
ments to 80 cents a share on the
combined class "a" and b" stock
This compared with S324,458. or sc
cents on the "a and B" in the
comparable period last year.
Owens Illinois Glass.
The OWensIllinois Glass CO. re.
ported its net profit for the IL
month period ended March q were
$8,884 ,066. This is equivalent to So 334
on each of the 1851 ,204 shares OF
stock outstanding as compared tc
So,946,560 net earnings in the previ-
Gus corresponding l2-month period
or 1924 per share.
At the annual meeting Yesterday
directors voted a dividend of sc
cents a share payable May Is tt
holders Of record April %, a dis.
trloutlon OF S1,330,602
American Brake Shoe.
American Brake Shoe g. Foundry
Co. and subsidiaries r,ported March
quarter net profit. of S582,562 euua
to 66 cents share OIL common stock
compared with S409,937, or "A cents
a share in the 1889 period.
Beech-Nut Packing.
Beech-Nut Packing Co. for the
March quarter had a profit after
estimated Federal income taxes OF
$685. $40, equal to Sl.39 a share on
common stock. This compared with
S523,556, or S120 a share in the 1898
first quarter.
McGraw-Hill Publishing.
McGraW-Hill Publishing Co. re-
ported March quarter consolidated
net income of s238. $50, equal to IS
cents a share, compared with S155,-
723, or 26 cents a share for the same
period last year. The company is
national publisher of trade papers
and technical books
CRANKY Consolidated.
CRANKY Consolidated Mining
Smelling & Power Co. reported
March quarter profit of s2O4 ,848,
equal to As cents share, against
S102,7 or % cents a share in the
1889 March quarter The company
properties are in British Columbia.
Atlantic Refining.
Atlantic Refining Co. and subsidi.
aries in a report today for the
March quarter showed net profit o1
S3,l23, 900, equal to Slip a share on
common stock, compared with $685..
453, or Is cents share, in the 1895
first quarter.
Caterpillar Tractor.
Caterpillar Tractor Co. reported
March quarter net profit of S1,470,.
O46, equal to 78 cents a share or
the common stock. This compared
with $928,118, or Al cents a share
in the first quarter last year.