Evening star., 1942-07-30
Inland SteeI's 5 Net
Shows Sharp Drop;
Dividend Is Voted
Second d-Quurter Profit
Is $2,367, ,39l, Against
$4,l02, ,572 in Al
By the Associated Press.

Ds tit hsSOCldLeo FTeSs.
CHICAGO, July 3O.-Inland Steel
Co. and subsidiaries reported con-
solidated net income of s2.367 ,391, g,
or $l.45 a capital share for the
three months ended June 80.
In the similar three months last
year, the company and subsidiaries
had net income Of $4,102,572. equal
to $2.5l a capital share. Directors
declared a dividend of 81 capital
share, payable September l to stock
holders of record August a. Similar
payments have been made in recent
quarters.
General Gable.
The General Gable Corp. reported
net income of 81 .367 ,623 for the six
months ended June 30. equal after
preferred dividend requirements to
"a cents common share. This
compared with $2,055, 900, or 81. .36 a
comman share for the like 194l
period
Minnesota e. Ontario Paper.
Net income of Minnesota & On
tario Paper Co. and subsidiaries
totaled $724,074 in the first half of
1912 and s312,294 in the three
months ended June 30, the quar-
terly report of r. H. M. Robinson,
president, showed.
These profits were after setting
aside $1,702,575 for Federal income
and excess profits in the six months
and $803,l75 In the quarter and pro-
vision of $842,91O and $413,210 for
depreciation and depletion.
General Precision.
General Precision Equipment Corp.
and subsidiaries, excluding Cinema
Building Corp, reported for the
three months ended June 80 con-
solidated net profit of S214,002 after
provision for depreciation and for
Federal income and excess profits
taxes. This compares with net
profit of $258,Ol4 for the correspond
ing quarter last year.
American Barge Line.
The American Barge Line Co. re-
ported consolidated net profit OF
$248,378 in the six months ended
June 30, or 83 cents a common
share. compared with $364,758, or
$l.22 a share, in the like 1941 period
Upgrade Sylvania.
The Upgrade Sylvania Corp. re-
ported net earnings of s483, ,O62 in
the six months ended June 30, equal
after preferred dividend require
ments, to 70 cents a common share
compared with $53O,693, or s2.l9 a
share, in the like 1941 period.
The company pointed out that
stockholders on September Is, l941
authorized two-for-on division of
the common stock and sale of 100. .OoC
shares of new common shares. In
the haf-year periods of 1912 and
1871 common shares OUTSTANDING
were 5l4,368 and 207 7,184, respectively
National Supply Co.
The National Supply Co. and suh.
slolarles reported for the six months
ended June 80 net profit of $1,443.-
056, or $4.96 share on combined
oa per cent and 6 per cent prior
preferred stocks on which there are
dividend arrearages.
This compared with net earnings
OF $2,214,747, or $7.6l a share or
the combined shares in the like
1871 period. Provision for Federal
State and foreign income taxe,
plus Federal excess profits taxes
was $3,750,000 in the recent half
year against $2,151,74 in 1941.
Barnsdau Oil Co.
The Barnsdall Oil Co. reported
net profit of 81 1,20S, ,754 in the half
year ended June 80. or 81 cents q
share, compared to $1.310,1o5 or s.
cents a share, in the like 194]
period.
Marshall Field & Co.
Marshall Field & Co. reported net
income of $478 ,58s, equal to l3 cents
a common share, in the three
months ended June 30, compared
with revised net income of 81 086
48l, or A cents a common share. in
the like 1941 period.
The company said earnings in the
second quarter this year were ad-
versely affected by an additional
$3.50, ,060 Federal tax provision to
supplement that previously made for
the first quarter.