Evening star., 1942-07-29
s. Per Cent Increase
In Output Reported
By Remington Rand
Tuxes Will Reduce Net
To $796. $40 for First
Quarter, However
n the Associated Press.

- the Associated Press.
NEW YORK, July REPRODUCTION
Of Remington Rand, Inc, amounted
to $l5,242, 900 in the first three
months Of its fiscal year ended JUNE
30, James H. Rand, jr., told stock
holders yesterday.
This represented an increase o1
IS per cent over production in the
same period of 1941, and meant
he said. that earnings before taxes
were $4.021 900, against 81 ,980. .O0(
last year. A tax reserve of $3,225,-
600. Mr.. Rand said, would cut net
to $796 $40, or "a cents common
share, compared with 81, ,383, 900, OF
81 cents. year ago.
"On every dollar of business from
now on" Mr.. Rand said, we are
in the excess profits taxes bracket
of 80 per cent" Estimating that
total taxes for the year would be
5000 900, Mr.. Rand said this was
to be expected and that no one
should object to such taxes to help
pay for the war.
Mr.. Rand said that on the basis
Of present earnings regular dividend
payments on the common and pre-
ferred would be met in this fiscal
year.
Consolidated Edison Co.
Consolidated Edison Co. of New
York reported for IL months ended
June 30. consolidated net income OF
$30. .398, 8,845, equal to $1.70 a share on
the common stock, compared with
-, 800 ,306, or $2O6 q share, in the
preceding IL months.
The company reported it's consoli.
dated net income for the quarter end
ed June 80 was $4,704, ,845, equal to II
cents common share, compared
with $685., ,452. or 81 cents a COM
mon share, in the second quarter
Of 194l.
Celanese Corp.
The Celanese Corp. of America
reported its consolidated net profit
for the first six months of 1912 was
33,3S7, $40. equal after preferred divi-
dend requirements to $1.57 a COM
mon share. compared with $3,149,-
cal. or $166 a share, in a smaller
number Of shares outstanding in the
corresponding 194l period.
Loew's, Inc.
Loew's, Inc, showed net profit
for the 40 weeks ended June 4 OF
S7,245,811, equal after preferred diyi-
dends to A.0S q common share
compared with $7,2o6, ,466, or $685.
. share. for the corresponding period
ended June S, l941.
Chett. Peabody 4 Co.
Cluett, Peabody Il Co., Inc. and
subsidiaries reported consolidated
net profit for the six months ended
June 80 was 81, 400 ,3lS. equal after
preferred dividend requirements to
S2.03 q common share, compared
With $3.50 ,312, or $2.11 a common
share, In the first half of I941.
Climax Molybdenum Co.
Climax Molybdenum Co. reported
net profit for the quarter ended
June 80 was 81 y667, ,779, equal to 81 .o6
9 share, compared with 81, ,130, 100, or
SS cents . common share shown in
financial records for the correspond
ing period of l94l.
49, Jones T. Laughlin.
PITTSBURGH, July 20 R,.-Jones
d Laughlin Steel Corp. reported for
the quarter ended June 30 Z console
dated profit for the corporation and
its subsidiaries of 50. .43S,7 ,752, after all
charges, including depreciation, de-
pletion, interest and taxes. This
compares With profit of $3,937, ,720
reported for the quarter ended June
20. 194l.
youngstown Steel Door.
CLEVELAND. July % R.-
Youngstown Steel Door Co., makers
Of railroad freight car doors and
parts, reported net profit of 1929 ,94a
for the six months ended June 80
compared with $618,557 for the cor
responding period last year.
This was after Feleral and Cana
dian income tax provisions of $5l5,-
7l2. against $444 ,987 a year ago.
Directors omitted the third quar-
ter dividend to conserve cash durine
the transition from production o1
railroad equipment to war work, the
company announced. One dividend
Of rs cents per share has been paid
this year.
CLEVELAND. July 20 (R.-City
Ice d. Fuel Co. reported six months
net profit Of $740,5l3, an increase o1
473D3l over 1941's first half. Volume
rose $3.623,00l to $l7856, ,SS2 with
increased icing of freight cars
heavier coal orders and increased ice
sales to munitions plants.
Monsanto Chemical Co.
ST. LOUIS, July % R.-Mon
santo Chemical Co. reported its ne
income. after deducting taxes nov
in effect, was $3,769 ,a2e for the frs
six months Of 1912, equal to $2.67 pc