Evening star., 1942-03-31
She'll Union Reports
S17,334,214 Profit
For Last Year
Equals $l.32 q Share
Compared With $l.05
Recorded in 1910
BY the Associated Press.

By the Associated Press.
NEW YORK, March 31-Shell
Union Oil Corp. reported today for
1941 net profit of s17,334,2l4 after
all charges and 4,0O0. 900 for amorti-
zetion and revaluation of prop
critics. This was equal to $l32 a
common share and compared with
SIS ,654 ,678, or $1.05 share, in 1910
Mead Corp.
The Mead Corp, papermakers,
reported for year ended December
d, 194l, net profit of s2,lO9,7 ,784
equal to $266 a share on the COM
mon stock, compared with 1926
88l, or $156 a share, in 1910.
Timken- Detroit.
Timken-Detroit Axle Co. reported
for six months ended December 81
net income of 1896, ,l52, equal to
$3.50 e. share on the common stock,
against $3.50 500. or s258 share
in the comparable period a year
ago.
Cities Service Co.
Cities Service Co. and subsidiaries
reported for 194l consolidated net
income of s14,283 1893, compared with
SO 928, ,O29 in 1910.
After allowing for dividend re-
quirements for 194l only on three
classes of preferred stock, all of
which are in arrears. l94l earnings
were equal to $3.50 share on the
common. compared with $l.72 q
share in 1910.
Net income for Cities Service Co.
alone in l94l amounted to s4899.-
730. compared with s6,799,68 in
1910.
The company and its subsidiaries
spent $31 100000 for new construc-
ton and acquisitions in l941 and
reduced by s11.852,00O the consoli-
dated funded debt, notes and pre-
ferred stock in the hands of the
public.
Philc0 Corp.
The Philco Corp reported l94l net
income of s2,513.569 equal to $1.83
share of common stock, compared
with 1910 income of $2,248,568, or
sl.64 share.
NJ. & O. Paper Co.
Net profits of the Minnesota d
Ontario Paper Co. and subsidiaries
in 1941 totaled S1.827 SIS. after pro-
vision for taxes, mortgage bond in
terest and contingencies, a gain OF
134 per cent over the s78l 232 of
1910, the annual report of r. H. NJ
Robinson. president, showed. OF
last years profit, s604,662 repre-
sented gain through purchase by
the company of its own income
mortgage bonds.
In addition TO usual property
taxes, M. e. O. set aside 1874, ,553 for
income taxes, which. added to S76,-
728 carried over from 1910, created
an income tax reserve of $871 ,281
Reserve for contingencies was in
creased 100000 to $4,000 900. The
annual report is the company's first
since its reorganization was COM
pleted year ago.
Net sales in 1941 were $22 .029. .42l,
a gain of Is per cent over the ST.
598,2 ,264 of 1910
Hawaiian Sugar Co.
Hawaiian Sugar Co. reported
s284,809 net profit on its last crop
before liquidating. The l94l returns
amounted to S190 a share In 1910
the company had a net loss of
s118,585.
Other Hawaiian firms reported up
turns over 1910 profits
Pepeekeo Sugar made $140,199 or
$l.87 a share VS.. $10l 1868 or $136
Kolo Sugar made $128,315 or $2.75
share VS.. $72,281 or 81 "A a share.
Wailuku Sugar made s222, 1881 or
sl.48 a share VS.. s136, ,029 or 81 cents
Oahu Sugar-S541.13l or $3.50 a
share VS.. s305.577 or sl02 a share.
Honokaa Sugar failed to equal the
1910 earrings, net falling to s51, 1863
or 50 cents a share from S84 103 or
"a cents a share
American Hawaiian S. S.
American Hawaiian Steamship
Co. reported for l941 net profit of
s2,817 947 after charges and a con-
tingency reserve of S473,562 equal
to S6.49 a share on the capital stock
This compared with 1910 profit of
s3,431, 1859, including profit of ST.
462 1884 on sale Of vessels, equal TO
s7S7 a share.