Evening star., 1941-03-31
New England Phone
Reports Operations
Al New Peaks
Earnings "a Per Cent
Higher in II Months,
Equal $7.6l q Share
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 31.-New
England Telephone g. Telegraph Co.
is operating at higher rate than
ever before in its history" according
to a communication by President j.
j. Robinson to shareholders.
The new high rate in operations,
extending over the I2-month period
ending February 28, produced earn
ings of S7.61 per common share and
was attributed in large part to ma
tional defense activities. Operating
revenues for January and February
showed a 81 per cent increase over
those for corresponding months last
year and net profit available for
dividends was $3.50 900 higher.
Colgate te-Palmolive.
Colgate -Palmolive- -Peet Co., makers
of soaps and toiletries, reported con-
solidated net profit for 1910 Of
81, ,O44, ,76O, or SLIP a common share
The figure excluded operations of or
dividends from English and conti-
mental European subsidiaries.
On the same basis net 1899 profit
was S5,455,319, or S214 a common
share.
In general comment to stockhold-
ers, E. H. Little, president, indicated
the company was well stocked in
essential raw materials and con-
tinued:
During the period of the first
World War the price of glycerin Ca
soap manufacturing by-product
which the company sells in consid-
cradle quantities. rose substantially
because of the demand for this
product in the manufacture of mu-
nitions.
Present munitions manufacturing
methods, however, do not require
any such quantities of glycerin and
no comparable rise in price is an
ticipated."
Allegheny Corp.
Allegheny Corp, holding company
for the Chesapeake a. Ohio Railroad
group. shows net profit for 1910 of
81 BAT ,735 after deduction of S70.OOO
for estimated income taxes and ST.
094 for expenses prior to 1910, but
before certain charges applied
directly to a deficit in the earned
surplus account and to reserves.
This compares with a net loss of
81 ,015 ,229 in 1899. Total income for
1910 was s6,057, ,134. compared with
S3,678, ,026 in the previous year. OF
the total income, s6,048 ,826 was from
dividends on pledged securities,
principally common stock of C. IL o.
deductions from total income were
S4,552 ,304, including $3,716,596 in
tereSt on collateral trust bonds.
Connecticut River.
Connecticut River Power Co, a
subsidiary of New England Power
Association. had net earnings avail
able for fixed charges amounting to
S2,3l4 $50 for the year 1910. Frank D.
Comerford, chairman of the board
Of the parent company. announced.
This compared with $2.461.l5 in
1899. The balance available for divi-
dends was sl.320,l8l. as compared
with 81 ,442 500 in 1899, the report
said.
Distillers Corp.
DlStlllerS Corp. -Seagrams, Ltd,
and subsidiaries report a net profit
of s695, ,785 in United States funds
for the three months ended January
81, compared with 50 ,4S2,1O5 in the
corresponding 1910 period, when a
tax refund Of s423.654 on 1897 food
loss claim was included.
For the six months ended January
81 the net profit amounted to 81 .990, =
060. against IS $50 ,008 in the same
period a year earlier.
Wesson Oil.
Wesson Oil & Snowdrift Co. and
subsidiaries reported net profit for
the six months ended March | of
$751; ,259 after Federal income taxes.
equal after dividend requirements
on 81 preferred stock to 80 cents a
common share. This compared with
81 ,305 ,635, or S1.23 q common share,
in the comparable six months year
earlier.
Chesebrough Mfg. Co.
Chesebrough Mfg Co. consolidated
and subsidiary earned net profit in
1910 of S760,393. equal to s6.33
share, against $944, ,457, or s787
share, in 1889.