Evening star., 1942-07-26
New York CentraI's
HaIf-Year Net Profit
Is $16,616,907
Railroads Earnings Equal
$2.58 Per Share; Other
Corporations Guin
Py the Associated Press.

~ the Associated Press.
NEW YORK, July 25.-The New
New York Central Railroad reported
for the six months ended June 30
net income of $16,6l6,907 equal to
$258 share on the capital stock.
This compared with $11,858.5O6 or
$1.84 share in the first half of
1941.
June net income was $5,265, 1882
against $2.87l 1886 in the same month
last year,
The Simmons Co., makers of bed
ding equipment. reported today net
profit for the six months ended June
80 was $1,871 ,203 after provision OF
So zoo, 900 for Federal and foreign
income and excess profits taxes and
reserve of 100000 for war contin-
gencies and possible inventory de-
cline.
The profit. equal to $1.61 a share,
compared with 1892 ,563. or $1O9
share in the same six months in
1941.
Simonds Saw d Steel Co. re-
ported for the six months ended
June 80 net profit of $733,415 after
provision for Federal income and
excess profits taxes, equal to $1.47
a share. This compared with 81
188.704 or $239 a share in the first
half Of 1941.
U. S. Pipe & Foundry Co. reported
for the six months ended June 80
estimated net profit of $l,203,57l
after provision of 1854 500 for Fed
eral income and excess profits taxes.
The profit was equal to 81 .73 a share.
In the first half of 194l net was
$1,816,7 700 or $2.61 a share.
Congoleum- Nairn, Inc, reported
for the six months ended June 80
net profit of $769, ,738 after provision
for Federal income and excess
profits taxes, equal to 81 cents a
share on common stock. This COM
pared with $l,17l, ,324, or 81 cents a
share In the first half of 1941.
Eastern Gas A Fuel Associates
showed net income for the II
months ended June 30 was $2.647,-
1894, equal after provision for divi-
dends on the ~ per cent prior
preferred to $4.1l on the s per cent
preferred stock. This compared with
1921, 800 for the previous ~
months, equal on the same basis
to $5.84 on the 6 per cent preferred
shares.
Dow Chemical Co., in an annual
report showing sales up ST per cent
to the highest point in its history,
revealed today that it earned STA
a share on its common stock, 56
cents more than last year.
Net income before dividends was
1921 1886. Sales rose from $46,9O7,-
$50 to $78,359 ,997. An item of $5,-
1878, 1852 was added to surplus, bring
ing this account to $24,8l2, ,3O6:
The report was the company's
briefest in recent years. DR.. Willard
H. Dow, president Of the firm, ex-
planned this was for reasons of ma
tional defense, adding that Dow is
building or will build and operate
Government defense plants through
out the country. No details were
given. nor was there any mention
of the products of the plants.
B. H. Brewster, president of the
Ogden Corp, reported the COM
pany's net income for the first
half OF 1912 was $l12,277, compared
with 9,86l in the first half of l941.
Comparative per share earnings
were not available.
He said progress had been made
in liquidation, reorganization and
integration of subsidiaries to meet
requirements OF the Public Utility
Holding Company Act OF 1885. Og-
den Corp, successor to Utilities
Power & Light Corp is in process
OF conversion into an investment
company.