Evening star., 1941-07-21
General Foods Corp.
Reports S2,847,4O0
Net in Quarter
TotoI Climbs Above
$2,704, ,581 in Same
Period Year Ago
By the Associated Press.

NEW YORK, July 21-General
Foods Corp. today reported net earn
ings for the second quarter of 1941
totaled s2,84V 400, after provision for
preferred dividends, compared with
81 704,58l in the same period a year
ago.
Earnings were equivalent to 81
cents share on the common stock
against 81 cents a share year ago.
In calculating profits, the company
said it had taken into consideration
additional provision for estimated
tax liabilities under the proposed
1941 law.
Corn Products.
Corn Products Refining Co. report
ed for the six months ended June 80
net profit of s4,878,64l, after pro-
vision for normal Federal income
and excess profits taxes. equal to
Sl.59 common share. This COM
pared with $4,4O7, 7,724 for the COM
parable period in 1910, or s1.4O a
share. Factories are located in
Argo Ill; Kansas City, Mo-, and
Pekin, Ill.
SlOSs- Sheffield.
SloSs-Sheffield Steel & Iron Co.
reported for six months ended June
30 net profit of S863, ,464, after de-
probation, depletion, provision for
normal Federal income taxes and
estimated increase in income and
excess profits taxes, equal after pre-
ferred dividend requirements to
S7.83 a common share. This COM
pared with S572 SAB, or s4.2O a share,
in the first half of 1910. The COM
pany's property is in Birmingham,
Ala, district.
Sharon Steel Corp.
Sharon Steel Corp. reported for
the quarter ended June 80 net profit
Of S285,988 after income and excess
profits taxes based on present rates
and provision for anticipated in
creases, or 54 cents common share
This compared with s79,327, or l
cent share, in the June quarter,
1910. Plants are situated in Sharon,
Pa, and LoWellville, Ohio.
Norwich PharmacaI.
Norwich Pharmacal Co. and sub
sidiary reported estimated earnings
for the three months ended June 30
/ of S2ll 800 after excess profits taxes,
/ or 26 cents a share, compared with
Sl65, Sol, or 81 cents a share, in the
/ comparable quarter in 1910. The
company manufactures pharma-
ceutical specialties at Norwich, N. Y.
Erie Railroad.
Erie Railroad reported net op-
Grating income of s2009.125 for
June. an increase of $500 1877 over the
corresponding month last year. Net
operating income for the first six
months this year was reported as
sl6,l66,391, compared with s5,139,1 ITO
for the first half of 1910
Phillips Petroleum.
Phillips Petroleum Co reported
net earnings of S8.236,679, or Sl.85
per share for the first six months
Of 1941, compared with s6,376.19 or
sl43 share in the corresponding
period of 1910.
Texas Pacific Coal.
| Texas Pacific Coal & Oil Co. and
subsidiaries reported net profit Of
s273, GOT, equal to 81 cents a share
for the June quarter, compared with
s113, ,148, or 13 cents a share in the
June quarter, 1910.
Blaw-Knox Co.
| Blaw-KnoX Co. and subsidiaries,
steel specialties manufacturers, re-
ported net profit for the six months
ended June 80 of s1,220,4 ,496, equal
to 81 cents share, compared with
! S602,7l7, or 45 cents a share in the
first half of 1910 Gross shipments
for the period were S14.551 ,661, or
biggest of any similar period in the
company's history. Untitled orders
totaled s23,OOo,OOO at the end of
June, about so per cent of them
being for direct Government work
and more than 80 per cent of the
remainder being for manufacturers
also engaged in defense production.