Evening star., 1940-04-23
Texas Corp. Disc|oses
.$12,S00,0OO Profit
For Quarter
Net Equals $1.l8 q Shore
Against II Cents in
Same 1899 Period
By the Associated Press,

By the Associated Press.
NEW YORK, April 23.-Texas
Corp. earned a net profit Of about
$12 ,800, 900 in the first three months
this year, equal to $l,18 a share on
capital stock, T. Rieber, chairman.
reported to stockholders at the an
nual meeting today. This compared
with per share earnings of IL cents
in the first quarter of 1899, Rieber
added
Stone 4 Webster.
Stone e. Webster, Inc, en-
cheering and management con-
cern, yesterday reported con-
solidated net income for the
March quarter of $312,216, equal to
IS cent a capital share, against
$210,708, or 10 cents, in the March
quarter last year.
Minneapolis Honeywell.
Minneapolis Honeywell Regulator
Co. estimated net income for the
first quarter at 1924, ,704, equal after
preferred dividends to AZ cents a
common share, compared with $67,-
289, or cents on common, a year
ago. Company makes temperature
control devices at Minneapolis and
Philadelphia.
Proctor & Gamble.
Record nine-month earnings of
$22 ,273, ,148 were reported by Proctor
& Gamble Co. The figure, for the
period ended March 81, allowed for
all usual taxes, including Federal
income, and compared with $18,-
469,039 for the corresponding term
a year ago. 1t equaled $3405 per
outstanding common share, against
$3.50.
The company's peak 12-month
earnings were $26, ,803 ,339. or $4.0s per
common share, in 1867.
Victor Chemical. :
Victor Chemical Works reported
March quarter net profit of $226, 800
after all charges, equal to 80 cents
a capital share, against $233,614. or
80 cents a share, in the first quarter
last year.
Aviation Corp.
Aviation Corp. and subsidiaries,
aircraft holding and n12nslfactur-
ing company, reported ret loss of
$l96,447 for the quarter ended Feb
ruary 20, against net loss of $685.
280 in the comparable period a year
ago. Not included in the statement
was first-quarter net loss of $780,
984 for Vultee Aircraft, Inc, an
affiliate.
Aviation Corp. and subsidiaries
unified orders. excluding those of
Vultee, totaled $4,l3l 900, against
$3,507 900 on November 80 last year.
Vultee's untitled orders amounted to
$14.878,000 at the end Of February,
compared with $5,810,O0O three
months earlier.
Lion Oil Refining.
Lion Oil Refining Co. earned net
profit of $17l ,096 in the March quar-
ter, equal to 80 cents a common
share, compared with net loss OF
$1l,8l9 year ago.
John r. Thompson Co.
The John r. Thompson Co. re-
ported for tie IL weeks ended March
20 net loss of $53,916. after non-
recurring credits and expenses in
connection with lease adjustments
This compared with a loss of S127,-
494 in the corresponding 1899 period.
Climax Molybdenum.
Climax Molybdenum Co. reported
today net profit for the March quar-
ter of $l,718,715, or 68 cents a share,
compared with 1,257 ,524, or so cents
a share, in the like 1889 period.
Inspiration Copper.
Inspiration Consolidated Copper
Co. reported net income for the
March quarter of $302,2 200 before
depletion, or Is cents a share, COM
pared with $169,134, or IA cents a
share, in the like 1889 period.
Atlas Powder Co.
Atlas Powder Co. and subsidiaries
reported March quarter net profit
of 1854 ,696, equal after preferred
dividends to Sill a common share,
compared with 1920, TOT, or 54 cents
on common, in the March quarter
last year.
Boston Edison Co.
The Boston Edison CO. announced
| an income balance for the wear
ended March 81 of $5,63l, ,172, equal
to 1912 on each of 617,164 shares
outstanding This compares with
an income balance of $5,453,3 1863, or
$8.84 share, for the previous year.
American Smelling.
American Smelling & Refining Co.
earned $1.27 a share on common
stock, after all charges, in the March
quarter, F. H. Brownell, chairman,
reported at the annual meeting. He
said this compared with "a cents on
| io fho ~iv,i1or mon ~@,s 4