Evening star., 1941-05-01
Douglas Aircraft Co.
Reports St,S19,535
Net in Quarter
Totol Slightly Ahead
Of S1,804, ,877 for
Some 1o40 Period
BY the Associated Press.

By the Associated Press.
NEW YORK, MAY douglas
Aircraft Co, reported today for the
March quarter net profit of $1.8l9,-
535. equal to S303 share on its
capital stock.
This compared with 81 1,604 877, or
SO share after making special pro-
vision of S775,000 for estimated loss
on two contracts in the comparable
quarter In 1910. No provision was
made for excess profits taxes in the
latest quarter.
The company's backlog as of Feb
ruary % amounted to 1892 ,170, ,045,
including s198,165,771 in contracts
on cost plus fixed fee basis.
The negligible increase in profits
despite an increase OF 40 per cent
in sales in the first quarter reflected
greater costs and expenditures
necesSitated by the demands for
speed and quantity under the ma
tional defense program, the COM
panys statement said. Also, larger
portion of the loW-profit deliveries
were made to the United States
Government in the first quarter
than in previous periods.
The company currently has 27,000
workers on its pay rolls at the plants
at Santa Monica, El Segundo and
Long Beach.
REQ Motors.
REQ Motors, Inc. cut its loss IN the
first quarter of 1941 to s19272 from
1867 ,671 in the comparable quarter
last year The company said the
loss in January and February
amounted TO s56.002, but March
operations resulted in a profit of
$36,730.
Standard Brands.
Standard Brands, Inc. food con-
eern. reported today for the March
quarter net profit of 2,361 1872,
equal to II cents a share on its
common stock. This compared with
S2,34l .997. also II cents in the like
period of 1910.
North American Co.
North American Co, utility hold
ing company, reported for the March
quarter net profit Of S., ,948 72l. equal
to So cents a common share. COM
pared with S5287.l72, or 81 cents a
share, in the first quarter last year.
New Jersey Zinc.
New Jersey Zinc Co. reported
March quarter profit of s2,813 500,
equal to SLAB a share on its capital
stock, compared with S1,765,112, or
30 cents share, year ago.
General Foods.
General Foods Corp. reported for
the March quarter net profit of S4.-
502 1928, equal to 81 cents a share
on the common, compared with $4.-
478,795. also 80 cents share, in the
like 1910 quarter.
A. Nj. ByerS Co.
A. M. ByerS Co, makers of steel
pipe, reported for the March quarter
net profit of $500 SOL, equal, after
current dividend requirements only
on the per cent preferred. to 70
cents a common share. This COM
pared with profit of s65.307, or s115
q share on the preferred, in the
comparable 1910 period.
Hershey Chocolate.
Hershey Chocolate Corp. reported
for the quarter ended March 81, net
profit of S2.182 ,874, equal to s244 a
common share. against 81 ,696 ,657. OF
Sl73 a share, in the first quarter a
year ago.
Reed Roller Bit
Reed Roller Bit Co. had profit in
the March quarter OF S308. .730, COM
pared with $307188 in the same
quarter a year ago.
Pennsylvania Water.
The Pennsylvania Water & Power
Co. reported net income of $525 277,
equal after dividends on preferred
stock to s115 per common share,
for the first quarter ended March
81 This compares with net income
of $524,694, equal to $115 per COM
mon share, for the corresponding
rori0d Ia Sf vnar