Evening star., 1940-07-21
General Foods Corp.
Reports S7,014,626
Net for Half
Result Compares With
$7,574,5 in Same
Period Yeor Ago
BY the Associated Press,

NEW YORK, July 20-General
Foods Corp. today reported net
earnings for the first half of 1910
of $7014,626, equal after preferred
dividend requirements to $l33 a
common share. compared with ST.
574,584. or $l44 on common, in the
comparable 1889 period.
Second quarter net earnings to-
tailed $2,704, ,58l, or 81 cents on COM
mon, against s3.661 ,0l8, or 10 cents,
for the like 1899 quarter.
c. M. Chester. chairman, said the
decrease was due largely to inven-
tory reduction by many wholesalers
and retailers due to various un-
certainties, including commodity
trends Surveys, he said, indi-
Gated buying of our products by
the public in retail stores continues
on high level"
Chester also mentioned increased
taxes and smaller earnings outside
the United States.
Cream of Wheat Corp.
Cream of Wheat Corp. reported
for the June quarter net profit of
sl26.237, equal to 81 cents a share
on the capital stock, compared with
$186,650, or 81 cents in the June
quarter year ago. Six months
profit was $457,81l, equal to rs
cents a share, against $496, SAT, or
83 cents a year ago.
Catalin Corp.
Catalin Corp. of America reported
for six months ended June 80 net
profit of $l16.406, equal to % cents
share on the capital stock, COM
pared with $71 .494. or l3 cents in the
comparable period last year.
Corn Products.
Corn Products Refining Co. and
subsidiary sales companies today re-
ported net profit for six months
ended June 80 of $4,4O7,724, equal
to sl40 common share, compared
with s4.204 ,693, or sl.32 a share, in
the first half of 1899.
U. S. Hoffman Machinery.
U. S. Hoffman Machinery Corp
and subsidiaries earned net profit
in the quarter of s113,829, equal to
A cents a common share, against
$68 1856, or % cents a share, in the
comparable 1889 period. The report
did not include European subsidi-
aries. Company makes garment
pressing and cleaning equipment at
plants in Syracuse and Toronto.
Hercules Powder Co.
Hercules Powder Co. showed net
profit for the June quarter of ST.
$50 ,493, or $108 a common share
against $l.182.148, or 70 cents on
common, in the June quarter last
year.
Dome Mines.
Dome Mines, Ltd, Ontario gold
producer, estimated profit for six
months ended June 80 at $1,848. .456
before depreciation and depletion,
compared with $1,000 800 in the first
half of 1889
Conde Mast.
Conde Mast Publications, Inc
and domestic subsidiaries earned
net profit of $89,79 in the six
months ended June 30, equal to
26 cents a common share, against
$156,551, or 46 cents on common
in the first half of 1899.
Parker Rust Proof.
Parker Rust-Proof Co. reported
June quarter net profit of $3.50 44O
equal after preferred dividends to
So cents on common, compared with
1922, ,737, or IS cents a share, in the
preceding quarter and s203 3948, OF
Al cents on common, in the 1898
June quarter.
Gardner-Denver Co.
Gardner-Denver Co., reported net
profit of $521,513 for the six months
ending June 80, equal after dividend
requirements on preferred stock to
80 cents share on the common
This compared with $449, ,523, or 70
cents, the corresponding 1899 period