Evening star., 1942-10-29
Bethlehem Reports
$7,H4,S70 Profit
In Third Quarter
Net Compares With
$7,9l0,56 in Same
Period Lost Year
BY the Associated Press.

| BY the Associated Press.
NEW YORK, Oct. 2e.-Bethlehem
Steel Corp. today reported net in
come in the September quarter
amounted to $7444,870, equal to
sls4 share on the common stock,
compared with $7,slo,56s, or s2.1o
in the comparable quarter of 1s4l,
Directors declared the usual divi-
dend of $3.50 share on the COM
mon stock.
Net income of the corporation in
the June quarter of this year was
s6,070,9l3, equal to $1.49 a share.
Indicated net profit for the nine
months ending September 80, COM
piled from the company's quarter
ly reports was sls,656.47l, equal to
s4.94 share on the common stock,
compared with s23 ,sss,o ,o54. equal to
$6.40 in the first nine months of
1941.
The dividend declared today is
payable December l to stock of
record November 9. The same
ammount has been paid in recent
quarters. The regular quarterly
dividend of SITS was declared on
the preferred payable January
to stock of record December f.
Provision for Federal and excess
profits taxes in the September quar-
ter amounted to s34,S7O,00O COM
pared with s21,l3O0O0 in the Sep
tember quarter last year and s25.-
100000 in the June quarter of l941.
Indicated provisions for these taxes
in the first nine months of this
year amounted to 84,370,0 ,000 COM
pared with $46,03OO0 in the like
period last year.
National Steel.
National Steel Corp. reported net
earnings for the quarter ended
September 30, after all charges. OF
50 1888, ,883.78, equal to $l.29 per share
on zoos 667 shares.
This compared with $4,000. .452.53.
equal to 81 As per share on 2.2O4.667
shares, in the similar period of 194l:
and with s2,750, ,444.85. equal to sl25
per share, In the quarter ended
June 80, 1912.
Air Reduction. .s.
Air Reduction Co. reported for
nine months to September 80 net
income OF s4,994436 after charges
and taxes, equal to 81 48 a share on
the common stock This compared
with IS ,234,80l or $l92 a share, in
the first nine months of 1912.
Studebaker Corp.
Studebaker Corp. reported for
nine months to September 30 net
profit of sl,279, ,697, equal to 81 cents
common share, against $20l6,160.
or 80 cents a share, in the same
months last year.
Freeport Sulphur.
Freeport Sulphur Co. reported for
nine months ended September 30
net income of sl,926,648 equal to
$2.4l share on the common stock
compared with s2,358.0l3, or s2.96 a
share, in the same period of 194l.
Continental Can.
Continental Can Co. and wholly
owned subsidiaries for the IL
months ended September 80, esti-
mated net profit at $5,353,762 after
Federal income and excess profits
taxes, or $187 a common share.
This compared with net earn
ings Of $7,381,5 ,502 for the IL months
: ended September 80, 1941, which
was equal after dividend require
ments on preferred shares then
outstanding to $2.51 common
share.
United Biscuit.
United Biscuit Co. of America and
subsidiaries reported. net profit of
$8O4, ,066 for the nine months ended
September 80. equal, after preferred
dividend requirements, to $l52 a
common share, against $636,l28, or
$l.l6 common share, in the nine
months ended September 80, 194l.