Evening star., 1941-07-22
Republic Steel Corp.
Reveals S5,428,748
Net in Quarter
TotuI Is Far Above
$3,337,730 Eorned
In 1910 Period
Be the Assnclatsd Fress-

CLEVELAND. July 22.-Republic
Steel Corp. today reported CONSOLE
dated net profit of S5.426 TAB for the
second quarter ended June 30. COM
pared with s3,337, ,73O for the COR
responding period Of 1910.
Second-quarter earnings we're
S2,76l,2l8 below those for the first
quarter this year, due to higher
costs resulting from wage increases,
a rise in material prices and larger
provisions for income and excess
profits taxes. the company said.
Net earnings for the first half Of
l94l were reported as sl3618,715,
compared with s6449,453 for the
first six months Of last year.
Shell Union Oil.
NEW YORK, July % CPJ.-Shell
Union Oil Corp reported net profit
of s4,200 ISL, equal to 80 cents a
common share for the June quarter
Of this year, compared with net
income of s4l35, 5,768, or % cents a
share IN the like period of 1910.
The corporation said gross sales
for the second quarter Of this wear
totaled $40 ,720.273. as compared with
s64 ,400 262 for the June quarter Of
1910.
Net income for the first half Of
l94l was S7829 945, against So. .449 947
for the first SIX months Of 1910. The
S7829 ,945 net for the half. it was
pointed out was after provision Of
$3.50 900 above normal tax require
ments for anticipated higher Federal
levies
II. 6. lie ToUrneau, Inc,
f. O. lie TourneaU, Inc. makers Of
earth-mov1ng equipment, reported
net profit for the first six months Of
l94l Of s1.6l3,748, equal tn $3.50 a
share, compared with sI.I52O43 or
s256 share for the corresponding
period of 1910.
BeeChNut Packing.
Beech-Nut Packing Co. showed
net profit for the first six months Of
| l94l Of sl561 400, equal TO 1857 a
. common share, compared with a
f1rst-half 1910 surplus available for
common stock Of sl.46l,0l8, of 1884
a common share.
Continental Roll.
Continental Roll &, Steel Foun-
dry Co. reported net profit of $780,
486 for the six months ended June
30 compared with s206.156. esti-
mated equal to SIS cents a common
share, for the like period Of l94O
Parker Rust Proof.
Parker Rust-Proof Co. reported
June quarter net profit of s295.591.
equal to SO cents a share on COM
mon stock, against s23O,845. or 54
cents a common share in the June
quarter last year. First six months
net profit was S57O.447. or sf35 a
common share. compared with s5O2.-
l62, or S117 a share in the first
half of 1910,
Sorfolk & Western.
/ The Norfolk 81 Western Ra1lvav
Co. reported net railway operating
/ income of sl4938.956.57 for the first
! six months of 1941, equal to So So
1 per common share, compared with
sl6,365 65O2O, or s1O66 per share. in
/ the like period of 1910.
Libby Owens Ford.
Llbbey- Glass Co 7r--
/ nounced net profit of s5.377o
equal TO s2l4 share on comm
/ for the six months ended June -,
This compared with S5I76,746. G..
s2O6 share, for the same period z
year ago.
/ ". c. & st. L. Railway.
President Fitzgerald Hall Of tha
! Nashville, Chattanooga and s.,
Louis Railway reported the lines
/ profit for the first SIX months Of
/ 1e4l totaled s65OO43. as compared
/ with s63,25l for the same period
Of 1910.
/ In a statement to a ouarterlv
/ session of the Board of Directors
Hall said the l941 figure included
complete reports for the first five
vr~-st