Evening star., 1941-04-25
AI|is-ChaImers Net
Reduced Sharply by
Long Strike
Profit of S596,46e
Well Behind First
1910 Quarter
By the Associated Press.

BY the Associated Press.
NEW YORK, April 25.-Allis
Chalmers Manufacturing Co. re-
ported today for the quarter ended
March 81 net profit Of s596,46s, or
33 cents a common share. compared
with 1869 1863, or 54 cents common
share. in the like period of 1910.
The company said the decline in
net earnings was due to a To-day
strike at the West AlliS works of
the company which suspended prac-
tically all production there.
The report also said provision for
Federal income taxes for the period
was made on a more liberal basis
than provided in the present tax
law, because of the virtual certainty
Of new legislation calling for higher
levies later.
Bohn Aluminium.
Bohn Aluminium & Brass Corp.
reported net profit for the March
quarter of this year of $473,083, or
s134 a share, compared with S275,-
$50, or 78 cents a share, in the like
period last year.
About two-thirds of the company S
current business consists of direct
and Subcontract work on defense
production, Charles B. Bohn. chair
man, told stockholders at the an
nual meeting.
Reviewing a S2,000000 plant-eX- =
pansion program, which he said was
now we'll along toward completion.
Bohn listed the following:
A construction program at the
No. l plant in Detroit, to cost
81 l.250,000, is now so per cent COM
plete and in operation. The balance
will be completed in two to three
months.
s250,0O0 expansion at Detroit
plant No. 3 has been finished.
An expansion of s55O.OOO at
Adrian, Mich, the magnesium di-
vision. should be in operation late
in May
National Avia ton.
National Aviation Corp. invest
ing concern. reported its net assets
on March 81 we're equivalent to
Sl5.67 share of common stock,
compared with $l944 a share at
the same date in 1910.
Portfolio changes during the first
quarter showed holdings of Pam
American AirWays were reduced by
8,300-share and a 5000-share bloc
of Canadian Colonial AirWays was
eliminated. Boeing Alrplane Co,
Curtiss- Wright Corp. and Bell Air
craft were among issues added to
the list.
Gillette Safety Razor.
Gillette Safety Razor Co. report
ed March quarter earnings this
year were S603,066, or IL cents a
common share. This compared with
S696,447, or l6 cents share. in the
like period last year Earnings of
foreign subsidiaries, not realized in
United States dollars during the
first quarter of this year. amount
ing to sl98 SAB. were not included
in the consolidated income account.
American Metal Co.
American Metal Co.. investing
company with mining interests in
the United States, Canada and
South America. reported conSoli-
dated net income for the first three
months this year Of S787 ,464. or
SO cents a common share, against
S528 .696. or "a cents a share, in the
like period last year.
Lambert Co.
Net profits of the Lambert Co.
in the first quarter of this year
were s478.838 or 64 cents a common
share. A special deduction of s75,-
900 was made for contingencies, in
Guiding prospective additional taxes.
In the corresponding period last
year the pharmaceutical concern
reported net of s4O2,377 or 54 cents
a common share.
Lone Star Cement.
The Lone Star Cement Corp. re-
ported for the quarter ended March
81 net profit of 1854 996, equal to go
cents a share on capital stock. This
compared with s553,554, or 81 cents
a, share. in the March quarter last
year. The company's principal do
mestic properties are in Midwestern
Southern and Atlantic Seaboard
States