Evening star., 1942-01-27
New York Central
Reports Drop in
December Net
5000, 1872 Compares
With 81, ,235 in
Same 1910 Month
BY the Associated Press.
RY-rry Ny>DD

BY the Associated Press.
NEW YORK, Jan. 27.-The New
York Central system reported today
net income after fixed charges IN
December amounted to s2,040, ,182
compared with $4,000, ,235 in the like
month year earlier.
Although operating revenues rose
to 41,316,307 from S34 1854 ,494 in De-
cember, 1910, operating expenses
gained at a faster rate, amounting to
$34,948,535 against $25,986,976.
Shell Union Oil.
r. G. A. Van Der Woude, president
Of the Shell Union Oil Corp, an
nounced preliminary figures for 1941
indicated net earnings of SIT 300, 900
after a $4,000 900 special reserve.
Net income after the special pro-
vision eoualed $132 a common share
and compared with SIS 5,654,678 or
s1.05 a share earned in the preced-
ing year.
Shells provision for Federal in
come taxes in 194l were $4,000, 900
against s3,8O0,000 the previous year.
Van Der Woude said the company
Is discussing with the Government
erection of plant to produce an
nually thousands of tons OF buta-
diene, synthetic rubber ingredient,
and also is turning out other war
materials.
He said Shell is working on new
plants, at undisclosed locations,
which will increase by nearly 10 per
cent Shells output of high-octane
aviation gasoline.
DevOe g. Reynolds.
Devoe & Reynolds Co. reported for
the fiscal year ended November 30,
l941. net profit of s1,178,189, or $7.08
q common share, compared with
$249, ,920. or Sill share, in the pre-
ceding fiscal year.
Pennsylvania Railroad.
The Pennsylvania Railroad re-
ported a net operating income for
l94l of S97,l02 ,488, an increase OF
slo,6O3.o22 over 1910
For the month of December, the
net operating income was $685.
370. a decrease of s285,51s from
December. 1910.
Gross revenue for 1941 aggre-
gated 1914, ,O41, ,163, against $477 $685.
408 in 1910
c., B. e. @. Railroad.
Chicago. Burlington & Quincy
Railroad reported 194l net operat-
ing income OF S1e,135 ,OO5, compared
with s13,082,778 in 1910.
Chicago Great Western.
Chicago Great Western Railway
reported 194l net income of $1,739,
581, equal to 1925 a preferred share
Net income in 1910 was $39,944.
Caterpillar Tractor.
Caterpillar Tractor Co.. farm
equipment manufacturer, reported
net income of s7,784 ,483, or $4.14 a
common share, for the year ended
December 81 1941, against net in
come of s7.839.117, or $4.16 a share,
in the 1910 year.
Remington Rand.
Remington Rand, Inc, in a pre-
liminary report for the quarter
ended December 81. 1941, showed
consolidated net profit of s1,261 ,644,
equal after preferred dividends to
go cents on each of l TAB ,040 common
shares outstanding. This compared
with S961163 or 48 cents each on
1,584,895 shares Of common in the
December quarter Of 1910.
N. C. g. st. L. Railway.
The Nashville, Chattanooga Il
St Louis Railway reported a net
profit of $1,S88,517 for the calendar
year of 1941. an increase of $1,185.-
073 over the previous year.
Of this total the company paid
out two 81 dividends on each share
of stock during the year. amount
ing to SSH ,693, the board of direc-
tors was told at its quarterly meet
ing. The net profit on each share
was $7.38, however, as compared
with s275 per share in 1910.