Evening star., 1940-10-20
General Foods Corp.
Reports S2,892,361
Net in Quarter
Drop From Year Ago
Laid Taxes, Foreign
Exchange Losses
By the Associated Press,

by lne Associated PRESS.
NEW YORK. Oct l9-General
Foods Corp. today reported for the
quarter ended September 30 net
earnings of s2892.36l. equal to So
cents a share on the common stock
The report explained that the
profits were after accrual of the
recently levied additional Federal
income taxes, amounting to ap-
proxlmately cents share for the
period January l to June 80.
In the June. 1910, quarter profits
we're $2673.331. equal to So cents a
share, and in the September quarter
last year they were $3.50 1892, or "a
cents share.
c. M. Chester, chairman, said tina,
earnings for this year were lad
versely affected by increased taxes
and foreign exchange losses
Westinghouse Air Brake.
westinghouse Air Brake Co. re-
ported September quarter net profit
of sl.3O5,287, equal to Al cents a
share, compared with s630,249. or 2C
cents share. in the comparable 1899
quarter. The plant is at Wilmer
ding, Pa.
George A. Blackmore. president
was elected chairman of the board
to succeed Charles A. Rowan who
died a month ago. w. H. Cadwa'-
lader. vice president and general
manager of Union Switch & Signal
Co., was elected a director.
Hercules Powder.
Hercules Powder Co. showed net
profit for the nine months eDd q
September 80 of s3.744236 after
Federal taxes calculated at in
creased rates and estimated at 81
9Ol ,498. This eQualed S254 a COM
mon share and compared with So
646,561, or S247 on common, in the
first nine months of 1899.
McGraw- Hill.
/ McGraw Hill Publishing Co
earned net profit of $242 649 in The
September quarter, equal to 40 cents
a common share, compared with
GAG, SOL, or $247 On common in the
the similar 1889 period.
bcecn-Nut fackmg.
Beech-Nut Packing Co. for the
nine months ended September 81
reported net profit of S2,l426l7 a1tol
excess profits taxes and class "A
stock dividends, equal to S490 d
common share. This compared with
Sl,726,707, or 1895 on common, IN
the similar 1889 period Plants are
in Canajoharie, Rochester and
Brooklyn, N. Y.
Sunshine Mining.
Sunshine Mining Co., largest sill
vet producer in the United States
estimated net profit for nine months
ended September 80 at $l,864 3G6
after excess profits taxes. equal tc
SIPS a capital share, against ST.
, 27l 1896, or S1.52 a share, in the first
nine months of 1889
Cream of Wheat.
Cream of Wheat Corp. and Subsid-
iary reported September quarter net
profit of $235 242. equal to 80 cents
on capital stock, compared with
S304, ,127, or so cents share, in the
like 1889 period. Factory is al
Minneapolis. MINI.
Bayuk Cigars.
Bayuk Cigars. Inc, and wholly
owned subsidiaries showed in PIE
liminary report net profit Tor the
nine months ended September 80 OF
$l,296,48 alter reserve for Fedora
taxes now in effect, equal after I
per cent preferred dividend re-
quirements to $319 common share
This compared with $l,296,083, OF
S3l2 on common, in the comparable
stretch last year. Plants are ir
Philadelphia, Newark and Perth
Amboy, N. j.
Fairbanks Co.
Fairbanks Co., makers of valves
and hand trucks, and subsidiarie;
earned net profit in the September
quarter of S27,476, equal to $275 a
share on per cent first cumulative
preferred stock on which unpaid
dividends totaled about S154 a snare
on October |. This compared with
S29 .524, or S2.95 a share Cn the first
| preferred, in the 1899 September
quarter. Plants are in Bingham