Evening star., 1941-08-14
.Curtiss-W Wright Corp.
Reports S1O,664,338
Net for Half
Result Well Above
S6,235,969 Recorded
In 1910 Period
Ry the Associated Press.

1y bne ASSoclhtcc Hress.
NEW YORK, Aug. 14.-Curtiss-
Wright Corp, delivering $142,272, ,69l
Of airplanes, engines and parts in the
first six months of this year, re-
ported today consolidated net profit
for that period Of SIC, ,664 1888, or 81 20
a common share.
This compared with S6,235 800, or
68 cents a share. in the first half of
1910.
In the first half Of 194l, the COM
pany provided $6,576.00o for antici-
pated increases in taxes under leg
islation now pending.
Guy Vaughan, president of the
corporation, said the untitled orders
on June 80 totaled 1851 sos, ,424, COM
pared with $716,970,79l on January
l. The company received $286, ,807,-
324 of new orders in the six months
period.
Consolidated net profit for the
June quarter was $5,784,3l8, or 10
cents common share, compared
with $3,82l, ,773, or A cents share,
in the like 1910 period.
The directors voted a dividend of
81 a share on the Glass A" stock,
payable September Is to holders of
record September l. This brings
payments on this class of stock to 81
this year.
Sterling Products.
Sterling Products, Inc, manufac-
turers of medical and proprietary
products, reported for six months
ended June 80 net income of S5.-
354042 after charges and normal
Federal income taxes, but before
provision for excess profits taxes
This was equal to s307 a capital
share and compared with $5,574,424,
or $500 a share. in the like 1910
period.
Mid Continent Petroleum.
Mid-Continent Petroleum Corp
for the quarter ended June 80 re-
ported net profit of 81 l,233,7l8, or ST
cents share, compared with STA
370, or 80 cents a share, in the June
quarter last year.
Forster Wheeler Corp.
Forster Wheeler Corp. reported
for the six months ended June 80
net profit OF S487,787, equal, after
preferred dividend requirements. on
which there are arrears, to Sl.66 a
common share This compared with
S354,876. or s1.l5 a share in the first
half last year.
International Paper.
International Paper & Power Co.
and subsidiaries reported net income
for the June quarter of $3,2l4,668
equal after preferred dividend re-
quirements to $1l0 common share,
compared with an adjusted net in
come of So ,938 .859 or 81. Al a common
share in the corresponding period of
1910.
Provision for taxes, including those
under proposed laws. was $5,999,5l2
in the l94l period against s4,6l6, ,240
in the 1910 quarter.
Net earnings for the first half of
194l we're s6,76l,5ll, equal to 1886 a
common share, compared with 1910
first-half earnings of $685. ,433 or
IA a common share. Provision for
taxes in the 194l period were So
075,052 compared with $685. 1886 in
the 1910 half, ~-fsat -
AS OF June 80, there was still an
accumulation of unpaid dividends on
the per cent cumulative preferred
stock totaling $5 share.
Time, Inc.
Time, Inc, magazine publisher. re-
ported net profit of So, 1874 ,028 after
taxes and charges for the first six
months of 194l. equal to 1929 a
common share. This compared with
net profit of $1,848279 or $7.84
common share in the like 1910
period.
Bedding Heminway.
Belding Heminway reported for
the six months ended June 30 net
profit of s303,552, equal to II cents
a share, compared with 1924, ,798, or
So cents = share, in the like 1910
period.